Hongsheng Digital Investment 5 Million Expansion Of Digital Inkjet Materials Business, Rooted In Stone Lions Close To Customers!

Zhengzhou's Hongsheng digital Polytron Technologies Inc (hereinafter referred to as "Hongsheng digital") issued a notice on outward investment in February 13th. Based on the strategic development needs, it is jointly invested with Xiamen Yangba Textile Technology Co., Ltd. to set up Shishi Hongcai flying Digital Technology Co., Ltd. with a registered capital of 5 million yuan, of which Hongsheng digital subscribed RMB 2 million 550 thousand yuan, accounting for 51% of its registered capital.

Reporters read the announcement that "Shishi Hong Cai Fei Yang digital technology Co., Ltd." covers the R & D, production and sale of digital printing machines and systems in the field of digital printing, nano ink jet materials, inkjet ink, fabric preprocessing and post-processing materials, digital printing medium and textile fabrics; the wholesale, retail and import and export business of commodities in these fields; textile processing; textile printing consumables, related chemical dyes and raw materials wholesale and retail.

Hongsheng digital said that in view of the broad prospects of digital inkjet printing technology and nano inkjet materials, the investment is to further close to the concentration areas of industrial customers, enhance product supply and service capabilities, and enhance the overall market competitiveness of the company.

However, reporters also noted that Hongsheng digital has said that the company will, on the one hand, co-ordinate the urgency and importance of resource input, while giving full play to its own advantages, seize the opportunity of the traditional printing and dyeing industry to upgrade the digital inkjet printing, enhance the accumulation of its own liquidity; on the other hand, actively seek support from the capital market, try to introduce more partners, expand capital strength, and promote the rapid development of the company.

According to public information, Hongsheng digital technology is a high-tech enterprise based on inkjet technology related industries. It takes digital inkjet technology as the industry's starting point, and develops, produces and sells inkjet materials, equipment and related industry solutions.

After sixteen years of accumulation, the company has become a well-known provider of digital inkjet printing solutions.

Another reporter learned from Hongsheng digital that the digital inkjet printing has received more attention for its advantages of high efficiency and environmental protection. The company will rely on the core advantages accumulated by the inkjet industry for many years, strengthen interaction and cooperation with partners and customers, enhance the efficiency of resource utilization, strive to expand market share in the fierce competition, and improve the company's revenue and profit scale.

The reporter learned from the earnings report that in the first half of 2018, Hongsheng digital revenue was 23 million 199 thousand and 400 yuan, and the net profit attributable to listed company shareholders was -12.49 million yuan.

According to the product category, Hongsheng digital ink jet material business realized revenue of 21 million 386 thousand and 200 yuan, an increase of 7.56% over the same period last year, and the income of printers and equipment products achieved 1 million 492 thousand and 700 yuan, down 47.12% from the same period last year.

According to the proportion of structure, the income of textile ink products was 10 million 520 thousand and 700 yuan, an increase of 16.39% over the same period last year, accounting for 45.35% of the total operating income, representing a 6.09% increase over the same period last year.

During the period from 2014 to 2017, Hongsheng digital textile ink business achieved an annual compound growth rate of more than 40%. The proportion of business income increased from 18% to 45% in the first half of 2018.