On October 29, Kanglongda (603665) released the company's third quarter report. The announcement shows that the company realized operating income of 781 million yuan in the first three quarters, an increase of 5.27%; net profit attributable to shareholders of listed companies 75.943 million yuan, an increase of 15.75%; basic earnings per share of 0.51 yuan, an increase of 15.91%. As of September 30, 2020, the company's total assets amounted to 2.143 billion yuan, an increase of 49.66% from the end of the previous year, and the net assets attributable to shareholders of listed companies amounted to 970 million yuan, a decrease of 5.76% from the end of the previous year.
It is worth noting that Zhang Mafang revealed that the company's fund-raising project "an annual output of 2,400 tons of multi-functional, high-performance high-strength and high-mode polyethylene fiber project," the production of UHMWPE fibers or as a high-performance raw materials used in the production of ballistic stab-proof and other warfighter products.
Zhang Mafang said, the fiber products related to the breaking strength of more than the project has been disclosed in the level, following the second domestic and foreign live ammunition target test in July and September this year, after achieving excellent results, at present, the third live ammunition target test is at home and abroad to promote the domestic and international tightly, UHMWPE fiber products are expected to exceed the performance of the bullet-proof level of the previous test.
Cracking the development bottleneck in order to make better development
Kanglongda was founded in December 2006, and in March 2017 logged into the A shares. The company mainly focuses on the research and development, production and sales of functional labor protection gloves, and currently has four categories, ten series and more than 200 varieties of lined PU, nitrile, latex, water-based PU glue and other dip rubber labor protection gloves and dispensing labor protection gloves, which is one of the professional enterprises with the largest number of product varieties/specifications and the most complete product range in the domestic labor protection glove industry.
Benefiting from the global demand for seamless knitted functional gloves as an alternative to traditional products, and the purchasing demand brought about by the international transfer of functional labor protection gloves industry, Kanglongda has become an important supplier of functional labor protection gloves to major global markets.
The company's products are mainly sold to Europe, the United States and Japan as the main foreign markets, product categories to wear-resistant gloves, cut-resistant gloves, tear-resistant gloves, impact-resistant gloves, chemical-resistant gloves, antistatic gloves, heat-resistant and cold-resistant gloves and other functional labor protection gloves, are widely used in the construction, electric power, electronics, automotive, machinery, metallurgy, petrochemical and extractive industries. The company's business model is based on OEM and ODM, supplemented by OBM.
As the world's largest textile industry, China's exports in the field of functional labor protection gloves have grown rapidly after joining the World Trade Organization, and now account for about half of the world's annual imports.
"Our products are mainly exported, but in fact, the domestic market is not small, but the competition is fierce, the market is not standardized enough, the product production standards are not high, the production of functional gloves used by many workers is not in accordance with the highest protection requirements in the environment of the workers' production and operation of the research and development, design, production, the customer cares more about the price, the pursuit of cheap, so the The protective effect is not ideal, and there are more incidents of workers' hand injuries." Zhang Mafang said.
Zhang Mafang introduction, from the product requirements for functional gloves, the domestic has not been detailed, mandatory requirements, relatively speaking, foreign countries, especially in Europe and the United States in the relevant areas are more mature, "Europe and the United States on the functional gloves of many requirements are mandatory, at least guiding."
At present, countries around the world are increasingly aware of labor protection, are continuing to establish and improve the relevant laws and regulations to ensure the safety and health of workers in the labor process. Developed countries represented by the United States, Europe, and Japan have enacted relevant occupational safety and health laws and regulations and set up specialized occupational safety and health management departments to promote the implementation of these laws and regulations in order to improve the safety and health conditions of employees at workplaces, and have established a relatively comprehensive and perfect occupational safety and health legal system.
Zhang Mafang pointed out that in recent years, the domestic market has become more and more standardized trend, the production of environmental protection requirements are also improving, poor product quality, environmental protection does not meet the standards of the industry is gradually eliminated in the process, "this is a good for the Kanglongda".
Zhang Mafang frankly admitted that the functional labor protective gloves industry within the product homogenization competition pressure is still greater.
"The main reason is that we are traditional, processing, export-oriented private enterprises, labor dividend depletion, high manufacturing costs start, tariffs and non-tariff aspects of the comparative disadvantage and other issues have become a bottleneck for better development of enterprises. While insisting on continuous innovation, the "four" road of equipment automation and information technology, product protection, industrial high-tech, R & D, production and sales base of internationalization is the company's established and being implemented to promote the healthy, rapid and sustainable development of the enterprise road.
Zhang Mafang introduced, in order to break through the development bottleneck, in recent years, the company around the established business, follow the pace of industry development and national industrial policy, and constantly increase investment in research and development, the development of new processes, new materials and new products, increase the product track, such as medical inspection and health protection gloves, such as ballistic stab-proof and armored protection with the product key materials, etc., and realize the development of the direction of the protection of the company from a single labor to the large protection direction, for the company to find a new performance growth point.
The issue of the project product performance is superior, is expected to break the international monopoly
It is understood that the high-performance high-strength and high-modulus polyethylene fibers should be used in the bulletproof helmets, bulletproof clothing and other areas of the market is mainly monopolized by foreign companies, the former has been business, including the Netherlands DSM Dyneema series, Italian SniaFiber's TennaFiber series, the company has been the first time in the world to be the first time in the world to be the first time in the world. The market has been monopolized by overseas companies, including DSM's Dyneema series in the Netherlands, SniaFiber's Tenfor series in Italy, Mitsui's Tekmilon series in Japan, and HoneyWell's Spectra series in the United States.
As of the end of September this year, the company's fund-raising project in the first phase of 800 tons of high-strength and high-modulus polyethylene fibers in the 400 tons of new wet production line has begun production; the first phase of 800 tons of high-strength and high-modulus polyethylene fibers in the 400 tons of dry production line has completed the commissioning of the equipment and entered the trial production stage.
According to the company's announcement, the development of high breaking strength performance of the fiber products produced in the project had made a major breakthrough, the product breaking strength exceeded the level of the project has been disclosed, the composite material and its products produced by this fiber, has carried out the second domestic and international live-fire target test, and achieved excellent results. At present, the third live-fire target test is underway at home and abroad. Subsequent capacity building will be implemented according to the market and the first phase of production and sales decisions.