Nanning Sugar Industry’s sustainable three-connected board: the holding subsidiary medical mask has not been officially put into production

Nanning Sugar Industry’s sustainable three-connected board: the holding subsidiary medical mask has not been officially put into production
On the evening of March 9, Nanning Sugar Co., Ltd., which closed the daily limit for three consecutive trading days, issued an announcement of abnormal changes in stock trading.In the announcement, Nanning Sugar said that in response to the recent new coronavirus epidemic, the media and investors paid attention to the medical grade melt-blown cloth materials required by the company’s holding subsidiaries for the production of masks and the production of medical masks.Preliminary explanation.Guangxi Shuya Nursing Products Co., Ltd. (“Shuya Company” for short), a holding subsidiary of Nanning Sugar, is a manufacturer of personal care products. It specializes in sanitary napkins, sanitary pads, paper diapers, wipes, etc.After the outbreak, at the request of the government, Shuya Company carried out technical transformation and added a mask production line. After the mask line is put into production in March, the daily production mask is expected to be 100,000-150,000 pieces. At the beginning of production, one-time ordinary protective masks can be produced.Disposable medical protective masks can only be produced and sold after obtaining the medical mask production qualification.As of the date of termination of this announcement, Shuya Medical Mask has not officially approved production, and the relevant production license disposal is in progress.Nanning Qiaohong New Material Co., Ltd. (“Qiaohong Company”), a holding subsidiary of Nanning Sugar, started construction of a new production line of high-density polymer adsorption new materials in 2018, mainly used for the production of high-density filter materials.Such as: wet wipes, facial mask base cloth industrial wipe paper, etc., the design capacity of the woven filter product is 8500 tons.After the outbreak, Qiaohong Company, at the request of the government, transformed it into a production line for medical grade melt-blown cloth materials needed for masks through technological transformation and process adjustment. The products were collected and stored by the government to produce medical melt-blown cloth production capacity.The daily output of spraying cloth is about 2 tons, and the estimated annual output is about 800 tons.Nanning Sugar said: Shuya’s medical mask business and Qiaohong’s meltblown fabric business will not have a significant impact on the company’s financial situation.The official website shows that Nanning Sugar was established in July 1996 and was listed on the Shenzhen Stock Exchange in May 1999; it is a large-scale enterprise that develops a variety of businesses with sugar as its main industry.”In April 2019, Guangxi Rural Investment Group Co., Ltd. became the new controlling shareholder of Nanning Sugar. It will make full use of the internal and external resources of Guangxi Agricultural Investment Group to lead Nanning Sugar to further increase industry concentration and enhance its comprehensive competitiveness.”Nanning Sugar said.According to the performance forecast, in 2019, Nanning Sugar achieved a turnaround.For the reasons for the change in performance, Nanning Sugar explained that in 2019, the company’s main product mechanism sugar price continued to improve and rebound, the sugar content of raw sugar, the sugar production rate gradually increased with the increase in production, the cost of sugar per ton exceeded the decline, sugar prices andThe phenomenon of sucrose price upside down can be alleviated.At the same time, the company strictly controls budget expenditures, effectively reducing costs and expenses, and reducing sugar business expenditures.In addition, Nanning Sugar’s non-recurring profit and loss for 2019 will affect net profit by approximately 5.5.2 billion yuan.Among them: transfer of equity in Guangxi Huanjiang Yuanfeng Sugar Co., Ltd. to obtain investment income of about 1.7 trillion; transfer of equity of Hubei Qiaofeng Trading Investment Co., Ltd. to obtain investment income of 0.22 ppm; received rent subsidy for land circulation of sugarcane “double high” base2.2.7 billion US dollars, received discounts on concurrent and restructuring project loans1.100 billion yuan, received a discount of 0% for the 2018/2019 sugar-pressing sugar companies.1.2 billion, received the return of social security and stability of the difficult enterprises, etc. 0.2.1 billion yuan.Editor Xu Chao proofreading Li Ming