Hongchang Electronics Zhuhai Phase III 80,000-ton electronic grade epoxy resin project starts construction

According to a report from China Chemical No. 14 Chemical Engineering Co., Ltd., on November 20, the Zhuhai Hongchang electronic-grade functional epoxy resin factory construction project with an annual output of 80,000 tons started. Five Engineering Company undertook the construction. It is reported that this project is the third phase of Zhuhai epoxy resin project of Hongchang Electronics. The total construction area of ​​the project is 17748.26 square meters. The main construction content is: including the civil structure of the entire plant, construction, water supply and drainage fire protection, buried pipes for instrumentation and electricity, and indoor weak current protection. Lightning grounding, general underground pipes and HVAC.

Hongchang Electronics plans to have three new factories in Zhuhai, namely:

1. Phase II project of Zhuhai Hongchang Electronic Materials Co., Ltd., total investment
779 million yuan. The project plans to expand the production capacity of liquid epoxy resin products by adding new production equipment, building a new factory on 80 acres of factory land, and building a liquid epoxy resin production line with an annual output of 140,000 tons to meet market demand in electronic and electrical fields. After the project reaches full production, it is expected to achieve annual operating income of 3.08 billion yuan and annual net profit.
170 million yuan. The second phase of the project is under construction and will start construction in April 2023 and be completed in April 2025.

2. The total investment of the third phase of Zhuhai Hongchang Electronic Materials Co., Ltd.’s 80,000-ton electronic-grade functional epoxy resin project per year is 420 million yuan, and the construction period of the project is 24 acres with a factory area of ​​80 acres.
months. After the project reaches full capacity, it is expected to achieve annual operating income of 2.1 billion yuan and annual net profit of 130 million yuan. The main products are brominated epoxy resin, solid epoxy resin and solvent-based epoxy resin. 3.
The total investment in the functional high-end copper-clad laminate electronic materials construction project is 500 million yuan, with a factory area of ​​80 acres and a construction period of 24 months. When the project reaches full capacity, it can achieve an annual output of 7.2 million high-end copper-clad laminates and 14.4 million meters of prepreg. It is expected to achieve annual operating income of 986 million yuan and annual net profit.
78.71 million yuan. It has invested approximately 1.7 billion yuan to build three new factories in Zhuhai, covering a total area of ​​240 acres. In addition to the original 100 acres of industrial land of Zhuhai Hongchang Electronics, and the 100 acres of industrial land of its subsidiary Wuxi Hongren, the total 440 acres of land are valuable. , Hongchang Electronics, located in the Guangdong-Hong Kong-Macao Greater Bay Area, will make a new leap in future growth, and its development future is bright.

In the first half of the year, the production and sales volume of Hongchang Electronics’ epoxy resin were 47,200 tons and 47,000 tons respectively. Compared with the same period last year, the sales volume increased respectively.
Adding 7.01% and 7.28%, the operating income was 702 million yuan. However, the selling price of epoxy resin products has dropped significantly. In the first half of 2023, the average sales price of Hongchang Electronics epoxy resin was 14,984.85 yuan/ton, a decrease of 42.43% from 26,027.34 yuan in the same period last year.