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松炀资源(603863)新股询价报告

Songyang Resources (603863) IPO Quotation Report

華鑫證券 ·  May 14, 2019 00:00  · Researches

Company profile

It is mainly engaged in R&D, production and sales of environmentally friendly recycled paper. It is a paper enterprise integrating waste paper recycling, environmentally friendly paper making and coating molding to form a resource recycling value chain. It is committed to providing high-end, high-performance, green and environmentally friendly wrapping paper and various functional paper to downstream customers. The company currently has a recycled environmentally friendly paper production line with an annual output of 160,000 tons, and is equipped with related comprehensive wastewater treatment facilities, which have passed the certification of “Clean Production Enterprise in Guangdong Province”.

Company highlights

(1) The company has set up the “Guangdong Engineering Technology Research Center” and has carried out industry-university-research cooperation projects with many institutions of higher learning such as South China University of Technology, continuously improving its own level of R&D and technology, and forming a complete technological innovation system. The company invests a large amount of money in technology research and development every year. By integrating high-quality internal and external resources, an excellent R&D team has been formed, and many technical achievements have been achieved. The company has successfully transformed technological achievements into actual productivity. The products have many independent intellectual property rights. All aspects of processes, process management and automatic product control information management come from the company's own research and development, greatly improving the company's production efficiency and improving market competitiveness.

(2) The company uses waste paper as its main raw material, and currently has a production scale of 160,000 tons of gray-coated whiteboard paper per year. The eastern Guangdong region where the company is located is close to the Pearl River Delta region and Fujian Province. These regions have active economic development, relatively developed manufacturing, and high demand for wrapping paper. With years of operating experience, the company has established a good sales network in Fujian and Guangdong through a model combining direct terminal sales and dealer distribution, established stable supply relationships with many enterprises, and increased sales scale year by year.

(3) The company has established long-term cooperative relationships with high-quality suppliers to ensure the quality of raw materials. The company formulates raw material procurement plans based on the market sales volume of various grades of products, and selects appropriate raw materials in a targeted manner according to the sales structure of gray-coated whiteboard paper. While reducing costs, the company has achieved an optimal ratio of product raw materials, greatly improving product quality levels; the company has formulated a series of quality management rules for various production processes to promptly detect and quickly resolve quality problems that occur during production, while continuously updating product technology and continuously improving production processes to improve product quality; at the same time, the company, Strict quality inspections are carried out on product quality, and products are regularly sampled to ensure stable product quality. Under the company's strict rules and regulations, various indicators such as paper stiffness, smoothness, and whiteness of the gray-coated whiteboard products produced by the company have gradually improved, providing a solid foundation for the company to maintain and develop the market.

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