China Renxin new material cut into the optical new material track! To invest 0.68 billion yuan to build 100000 tons/year optical grade PMMA integration project

By SKYSEVEN Chemical Technical Team · 2026-08-13

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China Renxin new material cut into the optical new material track! To invest 0.68 billion yuan to build 100000 tons/year optical grade PMMA integration project

In August, china Huizhou Renxin New Material Co., Ltd. Announcement, the company's early fund-raising projects to complete the construction of the project, plans to revitalize the surplus funds to invest in the construction of new materials projects, focusing on planning the integration of new polystyrene materials 100000 tons/year optical grade PMMA resin new materials project, marking the enterprise from the traditional polystyrene track, officially entered the field of high value-added optical transparent new materials.

Strategic positioning of 1. projects: horizontal extension of the industrial chain and promotion of high-end product transformation

this project is a wholly-owned subsidiary of Renxin New Material. China Huizhou Renxin Technology Development Co., Ltd implementation, planning and construction cycle of 3 years. Enterprises rely on long-term polystyrene industry operation accumulation, horizontal expansion of polymer new material product line, the layout of a variety of high-performance transparent resin. After landing, the project will optimize the existing product structure, reduce the risk of single category operation, broaden the market coverage, and continuously improve the profitability and long-term core competitive strength.

2. Project Basic Information Details

  1. project Name: Polyphenyl new materials integrated 100000 tons/year optical grade PMMA resin new materials project.
  2. Implementation of the main body: Huizhou Renxin Technology Development Co., Ltd. (a wholly-owned subsidiary of Renxin New Materials)
  3. site selection area: daya Bay Petrochemical Area, Huizhou City, Guangdong Province, China L4 Plot
  4. construction cycle: The planned construction period is 3 years, and the final progress is dynamically adjusted according to the actual construction situation.
  5. Total investment and funding sources: The total investment of the project is 679.7749 million yuan. It is proposed to invest no more than 100 million yuan of savings to raise funds (including financial income, deposit interest), the remaining funds rely on their own funds, external self-financing.
  6. Investment composition: total investment 679.7749 million yuan; Civil engineering 97.2103 million yuan, installation 94.7727 million yuan, equipment purchase 346.9275 million yuan, reserve fund 53.8911 million yuan, paving working capital 86.9733 million yuan.
  7. economic benefit calculation: After the device is completed, it can produce PMMA, MS, TMR and various PMMA modified materials. After the project is fully completed, the average annual sales income is expected to be 1485.6854 million yuan. After-tax total investment return rate is 20.71, after-tax internal rate of return is 20.10, and after-tax static investment payback period is 7.11 years (including construction period).
Risk Warning: Benefit measurement is based on current market conditions and raw material cost estimates, not as a performance commitment. Due to the supply and demand pattern, industry competition and various uncertainties, there is a risk that the actual operating indicators of the project are less than expected.
  1. Nature of Transaction: This foreign investment is not a connected transaction and does not constitute a major asset restructuring.

Depth Interpretation of 3. Industry

renxin New Material's current core main GPPS, HIPS polystyrene resin, deep cultivation. South China home appliances, electronics industry chain, is the regional polystyrene leading enterprises. This layout of optical grade PMMA, MS resin, is a key strategic upgrade initiatives.
Optical grade PMMA and MS are high-end optical transparent materials, which are widely used in light guide plates, optical lenses, automotive lamps, medical equipment, high-end electronic housings and other fields. For a long time, china high-end optical grades rely heavily on overseas imports, domestic substitution space is vast. After the completion of the project, Renxin New Material will open up the "polystyrene + acrylic transparent material" complete product matrix; south China consumer electronics, automotive industry chain customers.
From the analysis of the industry pattern, in recent years, a number of domestic PMMA new production capacity continued to advance, medium-and long-term general-purpose product competition tends to be white-hot, but high-end optical grades have higher technical barriers. The project's ability to cash in future revenue will depend on the stability of the production process, the progress of downstream high-end customer certification, and fluctuations in the price of upstream MMA monomer raw materials.

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