Source：胶之道、环球网、光固化新材料

Recently, JIURI New Materials (688199) issued an announcement on the production of 9250 tons of series photoinitiators and intermediates in the raised investment project. According to the announcement, the main production facilities of some workshops of the 9250 ton series photoinitiators and intermediates project (hereinafter referred to as the new project) invested and constructed by the company in the wholly-owned subsidiary Inner Mongolia JIURI New Materials Co., Ltd. have met the production conditions, and began to be put into operation step by step on March 15, 2022.

JIURI New Materials said that the production of the new project will help ensure the company's raw material supply, enrich the company's product types, expand the company's production scale, improve the company's market share, and further improve the company's profitability and comprehensive competitiveness, so as to continuously strengthen the company's competitive advantage and overall strength, which is of great strategic significance for the company to consolidate its industry position and achieve the goal of sustainable development.

In addition, JIURI New Materials suggests that since it will take some time for the new project to reach the production capacity, and there is still uncertainty about future market changes, there may be risks of product sales price and raw material price fluctuations in the future. Investors are kindly requested to make prudent decisions and pay attention to investment risks.

Previously, the performance express released by JIURI New Materials showed that in 2021, the company achieved a total operating revenue of 1.253 billion yuan, a year-on-year increase of 23.92%; The operating profit was 207 million yuan, a year-on-year increase of 27.38%; The total profit was 197 million yuan, a year-on-year increase of 19.55%; The net profit attributable to the owners of the parent company was 167 million yuan, a year-on-year increase of 22.34%; The basic earnings per share was 1.54 yuan, a year-on-year increase of 25.20%.