Summary of duties

Sheng Shengxiu International mainly manufactures and sells printing materials products, including polyester, melamine impregnated resin, paint paint, PVC furniture film and PVC floor film. Jiyi also makes a small number of printing boards and plates according to customer requirements. The products of luxury printing materials are exported to more than 30 countries, and the main markets include Pakistan, China, India and other overseas markets. The export of products to overseas customers accounted for about 58.8%, 69.0% and 65.3% of the total revenue for the year ended December 31, 2014, 2015 and 2016, respectively. As far as the Chinese market is concerned, sales account for about 41.2%, 31.0% and 34.7% of the total revenue. The customers of the collection mainly include furniture and floor builders and barter entities (including barter companies). In June 2017, the market also employed sales agents in six overseas markets, including Pakistan and Turkey.

Thank you very much.

Have rich and dedicated management experience, and have rich business experience

The development of integrated products can make the collection more perfect and strengthen the quality of the products.

Negative factor

The collection or loss of overseas markets may affect the transactions, business conditions and operating conditions of the market.

The fluctuation of raw materials or the variable supply of raw materials may have a negative impact on the market performance and may have an adverse impact on profitability.

Collect and enter into a long-term supply agreement with the supplier. If the supply is not guaranteed, the production cost and progress of the collection may be adversely affected.

The purpose of the income

About 71.8% is used to increase production capacity.

About 19.2% is used for loan repayment.

About 9% is used for general financial assistance.