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Zhejiang Xinan Chemical Industrial Group (600596.SH): "The '35,600 tons/year high-purity polysiloxane project' has been completed."
On April 9, Gelonghui reported that Zhejiang Xinan Chemical Industrial Group (600596.SH) announced that the recent completed fundraising project is the "35,600 tons/year high-purity polysiloxane project," which has completed construction and meets the project completion conditions. As of March 31, 2025, the project has remaining raised funds of 114.30479398 million yuan (including interest on deposits), consisting of the balance in the special fundraising account and the raised funds used for cash management that have not yet matured. The remaining raised funds will be temporarily stored in the special fundraising account. The company plans to allocate the remaining raised funds from the fundraising project after being approved by the latest Board of Directors meeting.
Zhejiang Xinan Chemical Industrial Group (600596.SH): Confirmed asset disposal gains of 45.4 million yuan.
Gelonghui, April 8th: Zhejiang Xinan Chemical Industrial Group (600596.SH) announced that, based on the project relocation progress, the equipment installation at Kaijia Synthetic, located at No. 10, Xinan Road, Huabu Town, Kaishan County, has completely ceased production, and the equipment Assets have been fully delivered and disposed of, confirming asset disposal gains of 45.4 million yuan. The above data is unaudited, and the final results will be based on the annual audit confirmation by the auditing agency. To date, the company's wholly-owned subsidiary Kaijia Synthetic has received a total of 136.9016 million yuan in relocation compensation, and the remaining relocation compensation will be disbursed in installments according to the project's relocation progress, with actual fund availability possibly differing from the original agreement.
Investors Don't See Light At End Of Zhejiang Xinan Chemical Industrial Group Co.,Ltd's (SHSE:600596) Tunnel
Zhejiang Xinan Chemical Industrial Group (600596.SH): The application of silicone rubbers in humanoid robots is gradually becoming a hot topic in technological development.
On February 21, Gelonghui reported that Zhejiang Xinan Chemical Industrial Group (600596.SH) stated on the investor interaction platform that high-temperature silicone rubbers in organosilicon end products are widely used in various products such as silicone toys, including silicone dolls, maternal and baby products, cultural and creative products, electronic wearable devices, and organosilicon leather due to their good safety, skin-friendliness, durability, and environmental adaptability. As one of the companies with the most complete organosilicon Industry Chain and the most comprehensive categories of organosilicon end products in China, the company can provide high-temperature silicone rubbers (liquid rubber, blended rubber), and room-temperature silicone rubbers (construction silicone sealant, industrial adhesive, light.
China Merchants: Silicon price is rising from the bottom, and the industry outlook is expected to improve.
With the end of the organic silicon Industry expansion cycle, the market competition pattern is stabilizing, and the demand in both domestic and international markets is strong. The supply-demand relationship in the Industry is expected to improve in the medium to long term, and the prosperity level is likely to continue to rise.
Investors Who Have Held Zhejiang Xinan Chemical Industrial GroupLtd (SHSE:600596) Over the Last Three Years Have Watched Its Earnings Decline Along With Their Investment
Declining Stock and Decent Financials: Is The Market Wrong About Zhejiang Xinan Chemical Industrial Group Co.,Ltd (SHSE:600596)?
