Hz info:October 8, 2025, The public participation process for the environmental impact assessment of Sanxin Materials Technology (Zhangjiagang) Co., Ltd.'s annual 80,000-ton metal packaging coatings project was officially initiated, marking the substantial advancement of this significant industrial project with a total investment of 295 million yuan. This development signals a major breakthrough in capacity upgrades and the green transition for China's metal packaging coatings industry.

The project will establish a modern production base on approximately 71 mu of land in the Jiangsu Yangtze River International Chemical Industrial Park. The construction will include Class A workshops, Class B warehouses, comprehensive office buildings, control buildings, tank farms, and supporting environmental protection facilities. By introducing advanced equipment such as polymerization reactors, RTO furnaces, and nitrogen generators, the project will achieve an annual production capacity of 80,000 tons of metal packaging coatings upon completion. This output will be equally split between solvent-based and water-based coatings (40,000 tons each), covering products like solvent-based epoxy, polyester, acrylic, and various water-based eco-friendly coatings. The project is expected to generate approximately 1.2 billion yuan in annual sales upon reaching full capacity.

Sanxin Materials Technology (Zhangjiagang) Co., Ltd., the project entity, was established on May 15, 2025. It is a wholly-owned subsidiary of Suzhou Sanxin Materials Technology Co., Ltd. (hereinafter "Sanxin"), founded to expand capacity and meet market demand, with a registered capital of 90 million yuan. The parent company, Sanxin, was established in 2005 and successfully listed on the New Third Board (NEEQ) on October 26, 2020. Leveraging years of technological accumulation and market presence, Sanxin holds over 50% of the domestic market share in three-piece can end coatings and has become a leading supplier of interior coatings for food cans and easy-open ends in China.

Sanxin's products are widely used in metal packaging such as food cans and three-piece beverage cans. Their quality and service are recognized by numerous renowned industry enterprises including CPMC Holdings, ORG Technology, and Yinglian Co., Ltd. Besides dominating the domestic market, the products are also exported to several countries and regions including Europe and Russia. Sanxin has passed the designation as a key monitored chemical enterprise and has garnered several honors such as Provincial High-Tech Enterprise, Provincial Specialized, Refined, Distinctive, and New (SRDN) Enterprise, Suzhou Engineering Technology Research Center, Suzhou Enterprise Technology Center, and Suzhou Intelligent Workshop.

Financial data indicates a growth trajectory for Sanxin. In 2024, the company achieved operating revenue of 321.0823 million yuan, a year-on-year increase of 14.72%; net profit reached 42.094 million yuan, up 24.82% year-on-year; net profit attributable to the listed company's shareholders after deducting non-recurring gains and losses was 40.6883 million yuan, an increase of 21.77% year-on-year; and basic earnings per share were 0.94 yuan, rising 25.33% year-on-year.

As a leader in the domestic metal packaging coatings field, Sanxin has continuously increased its capacity layout and technological upgrades in recent years. On February 27, 2025, the expansion and renovation project for water-based coatings and radiation-curing materials was officially approved. With an investment of 30 million yuan utilizing existing plants, the project will renovate production lines for an annual output of 12,000 tons of water-based coatings and expand capacity by 5,000 tons for radiation-curing coatings. Upon completion, Sanxin's total plant capacity will increase to 34,000 tons, effectively optimizing the company's product structure and providing solid capacity support to meet growing market demand.

The advancement of the Zhangjiagang project represents not only a strategic move by Sanxin to expand capacity but also a crucial step in breaking through key upstream technologies. Restricted by the conditions of its existing plant sites, Sanxin has been unable to conduct R&D and production for resin chain extension technology. This limitation has resulted in a gap compared to international leaders in product performance and cost, despite Sanxin's leading position domestically. To address this critical weakness and enhance its overall competitiveness, Sanxin will establish R&D and production capabilities for resin chain extension through the new project, enabling it to catch up with international advanced levels and achieve effective cost reduction and efficiency improvement.

Simultaneously, the project actively responds to the guidance of China's "14th Five-Year Plan" for the coatings industry, strictly adheres to the "Limit of Harmful Substances in Industrial Protective Coatings" (GB30981-2020) and Jiangsu Province's clean raw material substitution requirements, seizes opportunities from steady industry growth and structural optimization, aims to expand market share, and aligns with the green, low-carbon, and high-quality industrial development direction. Furthermore, the project's location will promote industrial cluster formation and synergistic development, highly契合 with the park's positioning of "characterized by circular economy and ecological industry," demonstrating significant necessity and feasibility.

At the project signing ceremony held in May 2025, Zhangjiagang municipal leader Gu Xiaodong stated that the local government would fully support the project for early commencement, production, and results. Shen Weimin, relevant responsible person of Chuanyuan Group, also pointed out that the base would be built as the largest and most intelligent high-end coatings production base of its kind in the industry, further promoting the group's strategic layout in Zhangjiagang.

With the implementation of this project, Sanxin will further expand its leading advantage in the high-end metal packaging coatings field based on its existing capacity, continuously driving the development of domestic coatings towards greening and high performance.