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On August 10, Hongbaoli issued an announcement on abnormal stock trading fluctuations, stating that on July 30, 2020, the company disclosed the “2020 Semi-annual Report”. In the first half of the year, Hongbaoli Company achieved a net profit of 51.8241 million yuan, an increase of 32.86% over the same period of the previous year;
On July 16, 2020, Hongbaoli Company disclosed the “Announcement on the Progress of the “Propylene Oxide Project with an Annual Production of 120,000 Tons””. The safe completion and acceptance of the “Propylene Oxide Project with an annual output of 120,000 tons” in Taixing Base of Hongbaoli Company passed the expert review and met the conditions for obtaining a formal production license. At present, work related to obtaining a safety production license is being carried out. The products in the trial production of this project are used as raw materials for the company’s rigid foam polyether products and isopropanolamine products.
In addition, after the successful trial production of the No. 1 unit of the “24,000 tons of DCP project”, relevant preparations are being made for the safety acceptance of the project; the No. 2 unit of the DCP project is under construction. There have been no significant changes in the company’s operating conditions and internal and external operating environments in the near future.
