Zhejiang Zhongcheng(SZ:002522)2022-12-05 05:58Group 1: Company Overview and Stock Issuance - Zhejiang Zhongcheng has obtained approval from the China Securities Regulatory Commission for its non-public stock issuance [1][2] - The company is currently accepting and organizing investor subscription intentions, with plans to send subscription application documents to qualified investors once the issuance starts [2] Group 2: Product Applications and Market Potential - The thermoplastic elastomer products developed by the company's subsidiary are versatile, suitable for applications in charging pile cable sheaths, automotive oil and heat-resistant conduits, and medical sealing materials, among others [2][3] - The potential market for thermoplastic elastomers is significant, with annual usage of soft PVC products estimated at approximately 6.5 million tons [2][3] Group 3: Product Characteristics and Advantages - The thermoplastic elastomer products can be oil-filled, enhancing their anti-aging properties and significantly reducing production costs [3][4] - The products also feature an adjustable hardness range, leading to improved performance [4] Group 4: Project Progress and Customer Development - The construction of the thermoplastic elastomer project is nearing completion, with expectations for trial operation around June to July [4] - The company has engaged multiple downstream customers for product trials, receiving positive feedback on samples [4] Group 5: Innovation and Patents - The high-performance functional polypropylene film project is progressing well, with over ten related invention patents obtained [4]