Operation Profit of Silver Age (300221.SZ) Soared 39.8% YoY in Q1-Q3 2011


Guangdong Silver Age Sci & Tech Co., Ltd. (300221.SZ) is mainly engaged in resin modified processing such as PP, PVC, PET, ABS, PC and so on, its main products cover 5 different series, namely, flame-retardant material, weather resistant material, reinforced and toughened material, plastic alloy and eco-friendly durable material, which are widely applied for the fields of electric wires and cables, energy-saving and environmental protection, household appliances, automotive production, etc. The modified plastic productivity of Sliver Age in 2011 amounted to 66 kt.

Currently, the PC\ABS alloy project, the high heat-resistant & high rigidity PET, PVC\ABS alloy project and the special environmental protection PVC materials project with annual capacity of 31 kt are under construction and expected to be put into operation in Q4 2012.

In addition, Silver Age also intends to invest RMB 300 million to establish modified plastics production base in Suzhou, the annual capacity is targeted at 100 kt. The whole construction is expected to be divided into two phases, the first phase project with annual output of 50 kt is planned to be put into production in H1 of 2013, while the second phase project is expected to start construction in 2015.

In the first three quarters of 2011, the operation revenue of Silver Age increased by 25.4% YoY to RMB 576 million and its operation profit soared 39.8% YoY to RMB 46.69 million. In the next few years, Sliver Age’s performance would keep sustainable growth driven by the steady growth of modified plastics capacity.

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