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On August 9, New Zebang (300037) announced that Fujian Haidefu New Materials Co., Ltd. (hereinafter referred to as "Fujian Haidefu"), a holding subsidiary of the company, invested in the construction of a high-performance fluorine material project with an annual output of 15000 tons.

The main body of the project is Fujian Haidefu. The project is located in Jintang Industrial Park, Shaowu City, Fujian Province. The total investment of the project is expected to be about 1 billion yuan. The investment will be divided into two phases. The investment in the first phase is about 500 million yuan. The construction period is two years, and the project is expected to be gradually put into production in the fourth quarter of 2020; The investment in the second phase is about 500 million yuan, and the construction is expected to start two years after the first phase is put into operation.

Fujian Haidefu was jointly established by New Zebang and Shaowu Hongwei Investment Center (Limited Partnership) (hereinafter referred to as "Shaowu Hongwei"), Shaowu Zhiwei Investment Center (Limited Partnership) (hereinafter referred to as "Shaowu Zhiwei") and Shaowu Hongda Investment Center (Limited Partnership) (hereinafter referred to as "Shaowu Hongda") with a total investment of 360 million yuan.

Among them, Xinzhoubang contributed 240 million yuan in cash, accounting for 66.67% of the registered capital; Shao Wuhongwei contributed 70 million yuan in cash, accounting for 19.44% of the registered capital; Shao Wuzhiwei contributed 24 million yuan in cash, accounting for 6.67% of the registered capital; Shao Wuhongda contributed 26 million yuan in cash, accounting for 7.22% of the registered capital.

It is understood that as one of the important product systems of fluorinated chemical products, fluorinated fine chemicals are widely used in various industries and high-tech fields of the national economy due to their excellent comprehensive performance and unique use, especially with new materials, emerging information industry, new energy, new energy vehicles, energy conservation and environmental protection, high-end equipment manufacturing and other national strategic emerging industries, It plays a very important role in promoting the transformation and upgrading of the manufacturing industry and is a leading and strategic industry.

At present, domestic enterprises have certain competitiveness in low-end fluoride products close to raw materials, while the product fields with high added value, deep processing and high technical requirements are basically occupied by foreign enterprises. From the domestic perspective, with the accelerated pace of industrial transformation and upgrading, the automotive, electronics, light industry, new energy, environmental protection, special aerospace and other related industries are in urgent need of high-performance fluoropolymers, new refrigerants and fluorine-containing fine chemicals. In these areas, there is huge room for the development of import substitution.

New Zebang said that Fujian Haidefu project is positioned as an important step for the company to enter the field of high-end fluorine materials. The company will make full use of its technical advantages and customer advantages in fluorine chemicals, semiconductors and electronic chemicals, focus on the layout of existing fluorine chemical products, expand and improve the fluorine chemical industry chain, and focus on expanding the fluorine containing fine chemicals and high-end fluorine materials with tetrafluoroethylene as raw materials, The main raw material of Sanming Haisifu is hexafluoropropylene, which complements the supply of special raw materials with Haisifu. At the same time, some products can be used in the semiconductor industry and lithium battery industry, and cut into the fuel cell material industry.

According to industry analysis, fluorine material is the core material of proton exchange membrane fuel cell, and perfluorinated sulfonic acid proton exchange membrane is the most widely used proton exchange membrane in the research and development of proton exchange membrane fuel cell. The successful development of New Zebang Project will greatly improve the supply level of domestic fuel cell industry's demand for high-end fluorine materials and promote the development of domestic fluorine chemical industry.

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