Agricultural plastic film | Environmentally friendly degradable film | Self adhesive protective film
Conductive film | High barrier cling film | Heat shrink film
Recently, Zhonglun New Materials (301565) announced that it plans to issue convertible corporate bonds to unspecified parties to raise funds not exceeding 1.068 billion yuan, with a focus on investing in the industrialization projects of Indonesia's Changsu high-performance film materials (Phase I), Phase II, and supplementary working capital.
The project will be constructed in two phases, and after completion, it will add an annual production capacity of 90000 tons of BOPA film materials, aiming to break through the existing capacity bottleneck and support the overseas supply chain to consolidate its global market position.
It is worth noting that the actual net amount of funds raised by the company's IPO in June 2024 was only 635 million yuan, which is significantly lower than the original plan of 2.273 billion yuan, resulting in a forced adjustment of the allocation of funds for the fundraising projects.
Among them, the planned fundraising for the high-performance membrane material project has been reduced from 952 million yuan to 381 million yuan, the new bio based biodegradable membrane material project has not arranged fundraising, the investment amount for the high-performance polyamide project has been compressed from 509 million yuan to 142 million yuan, and the supplementary working capital scale has also been reduced from 400 million yuan to 112 million yuan. Due to the progress of funding and construction delays, the company has also postponed the expected completion dates of two major projects to June 2026 and June 2027.
Public information shows that Zhonglun New Materials Co., Ltd. is a new material innovation enterprise based on membrane materials and driven by special materials. Our products cover new energy membrane materials, bio based biodegradable membrane materials, functional membrane materials, high-performance polyamide materials, etc. We have also created the industry's first integrated functional membrane material industry chain, with a leading global production and sales scale, and our business has covered major countries and regions around the world.
The company went public on June 20, 2024, and its main business is the research and development, production, and sales of functional BOPA film materials, biobased biodegradable BOPLA film materials, ultra-thin BOPP film materials, and related material products such as polyamide 6 (PA6).
In the first half of 2025, the company's operating revenue was 1.007 billion yuan, a year-on-year decrease of 15.09%; The net profit attributable to the parent company was 41.6325 million yuan, a year-on-year decrease of 58.43%; The net profit attributable to shareholders was 33.6764 million yuan, a year-on-year decrease of 65.21%.
According to the announcement, the decline in performance is mainly affected by intensified industry competition and a decrease in product prices, with domestic revenue of 469 million yuan, a year-on-year decrease of 27.49%. The revenue of the core product universal BOPA film material was 737 million yuan, a year-on-year decrease of 18.07%; The new BOPA film material (including PHA lithium battery film) has benefited from customer validation and promotion in the new energy field, with a gross profit margin increased to 51.29%.
