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Zhejiang Wansheng Co., Ltd.'s (SHSE:603010) Last Week's 6.2% Decline Must Have Disappointed Retail Investors Who Have a Significant Stake
Zhejiang Wansheng (603010.SH): The Duqiao production base has a thousand-ton production line that has entered the trial production stage.
According to an announcement on December 25 from Gelonghui, Zhejiang Wansheng (603010.SH) stated on the investor interaction platform that the company's new products – the new nylon flame retardant production lines – are established at two bases. One ton-level production line at the Duqiao production base has entered the trial production stage, mainly to introduce customer resources in advance; the Weifang production base has a planned five thousand ton production line, which is currently in the preliminary approval stage. The company will concentrate resources to actively promote the project construction and aims to commence trial production by the end of next year.
Zhejiang Wansheng Extends, Terminates Certain Fundraising Project
Zhejiang Wansheng to Build Thailand-Based Plant for 216 Million Yuan
Performance continues to decline in search of breakthroughs. Leading flame retardant company Zhejiang Wansheng takes the first step in building factories overseas | Quick read of the announcement.
① The leading flame retardant company Zhejiang Wansheng intends to invest in a factory in Thailand, with an annual production capacity of 0.032 million tons of flame retardants; ② The company's performance has been under pressure in recent years, especially with the greatest impact on overseas Business; ③ Building a factory in Thailand will fill the company's overseas production capacity gap, as previous overseas layouts focused on marketing.
Zhejiang Wansheng (603010.SH): Some fundraising projects have been delayed or terminated.
Gelonghui December 12丨Zhejiang Wansheng (603010.SH) announced that the main production lines for the fundraising projects, including the "0.01 million tons of Triethyl Phosphate Project", "0.025 million tons of Tri(2-chloropropyl) Phosphate Project", "0.01 million tons of Tri(1,3-dichloro-2-propyl) Phosphate Project", "0.07 million tons of Phosphoryl Trichloride Project", "0.00293 million tons of High-end Epoxy Resin and Additives Project" and "0.03434 million tons of Surfactant Project", have been basically constructed. The equipment is still in debugging and has not yet reached the planned usable state, so it is proposed to postpone the expected usability date of the above sub-projects to 2025.
Zhejiang Wansheng's (SHSE:603010) Soft Earnings Don't Show The Whole Picture
