August 30 , Levima Xinke disclosed the 2023 semi-annual report. In the first half of this year, Levima Xinke achieved operating income of 3.207 billion yuan, a year-on-year decrease of 18.56%; the net profit attributable to shareholders of listed companies was 326 million yuan, a year-on-year decrease of 326 million yuan. down 28.63%.
On the same day, at an investor relations event, Levima Xinco stated that the company’s 130,000 tons/year PLA project under construction adopts the independently developed “starch-high-gloss pure lactic acid-high-gloss pure lactide-polylactic acid” full industry chain technology. The products have the characteristics of controllable molecular weight, high optical purity, excellent heat resistance and mechanical properties, and complete biodegradation. Among them, the first phase of 100,000 tons/year lactic acid plant and 40,000 tons/year PLA plant plan It will be completed and put into production by the end of 2023.
The latest progress of key projects
(1) Projects to be put into production in 2023:
“20,000 tons/year ultra-high molecular weight polyethylene and 90,000 tons/year vinyl acetate combined plant project”
"Biodegradable Material Polylactic Acid Project"
"Electronic grade high-purity special gas and lithium battery additive project"
(2) Projects to be put into production in 2025:
"Integrated Project of New Energy Materials and Biodegradable Materials"
"The first phase of the newly planned 300,000 tons/year POE project"
"50,000 tons/year PPC device"
It is worth mentioning that Levima also announced a revised plan on September 6 to raise about 2 billion yuan from specific targets application draft.It is reported that the responses to this inquiry are mainly related to national industrial policies and the energy consumption and environmental pollution caused by the project.
According to the previous plan, the total amount of funds raised by Levima Xinke from issuing stocks to specific targets this time is expected to not exceed 2.02 million yuan (including the original amount). The net amount of funds raised after deducting the issuance expenses is planned to be invested in the company's "new energy materials and bio-renewable materials". Degradable Materials Integrated Project”.
Construction content: The construction content includes 1.3 million tons/year DMTO unit (methanol to olefins unit), 200,000 tons/year EVA unit (ethylene-vinyl acetate copolymer unit), 300,000 tons/year PO Device (propylene oxide device), 50,000 tons/year PPC device (polypropylene carbonate device), supporting public works and auxiliary production facilities, etc.