On the evening of October 29, it was announced that in order to horizontally expand the comprehensive resource utilization and recycling business of PA, PET and other recycled plastic sub-categories, the company has invested a total of 140 million yuan to acquire Anhui Zhongxin Hongwei Technology Co., Ltd. (referred to as “Zhongxin Hongwei”) 51% equity.
According to the data, Zhongxin Hongwei is an integrated closed-loop solution provider for the polyamide industry chain. It specializes in the production of polyamide 6/66 raw material products for high-speed rail, automobiles, construction, textile and other industries, and focuses on precision extrusion technology of plastic profiles. R&D and application. The business scope includes engineering plastics and synthetic resin manufacturing, plastic product manufacturing, synthetic material manufacturing (excluding hazardous chemicals), renewable resource recycling, renewable resource processing, etc.
As of the end of May this year, Zhongxin Hongwei’s total assets were 368 million yuan, and its net assets were 96.7 million yuan; its revenue in the first five months was 124 million yuan, and its net profit was 7.3951 million yuan.
When High Energy Environment acquires Zhongxin Hongwei, the investment structure will be divided into two steps. First, it will acquire a total of 37.29% of the equity held by Li Shouhong and Anhui Xinyu for 80 million yuan. After that, High Energy Environment will increase its capital to Zhongxin Hongwei by 60 million yuan, of which 14.7214 million yuan was included in the registered capital of Zhongxin Hongwei, and 45.2786 million yuan was included in the capital reserve of Zhongxin Hongwei. After the completion of the above-mentioned investment, High Energy Environment invested a total of 140 million yuan in Zhongxin Hongwei, holding 51% of the shares.
High Energy Environment stated that this acquisition is an industrial layout in the field of waste plastic recycling. Zhongxin Hongwei’s current main business is the comprehensive recycling and utilization of multiple types of plastics such as PA66, PA6, and PET. Both parties will focus on improving capital, talent, technical resources and other aspects to continuously increase the company’s market share in the recycled plastics industry. At the same time, the company will also pay close attention to market demand, actively deploy in recycling categories, recycling technology, etc., and strive to expand The company’s market share and industry influence in the recycled plastics industry.
High Energy Environment also disclosed three quarterly reports. In the first three quarters of this year, High Energy Environment’s revenue was 7.49 billion yuan, a year-on-year increase of 21%, and its net profit was 658 million yuan, a year-on-year increase of 9.13%. Among them, revenue in the third quarter was 3.022 billion yuan, a year-on-year increase of 37.78%, and net profit was 164 million yuan, a year-on-year increase of 3.4%. At present, High Energy Environment is mainly engaged in the utilization of solid waste and hazardous waste resources, harmless treatment of solid waste, solid waste treatment projects, domestic waste treatment, environmental restoration and other businesses.
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