Sending charcoal in snow for environmental protection enterprises: Chronicle of Furubi Branch supporting the development of Kaili Xintai Melting Material Co.

Located in the industrial park of Furubi Economic Development Zone in Kaili City, Furubi Sub-branch of Guizhou Kaili Agricultural and Commercial Bank actively supports the economic development of the local "three rural areas" and provides high-quality financial services for the enterprises in the park. Since its establishment in 2013, Furubi Sub-Branch has provided credit fund support to all enterprise customers, individual industrial and commercial households and neighboring farmers in the park, among which Kaili Xintai Melting Material Co. It has become a quality customer of the branch and a model for the development of small and micro enterprises in the park. 

Xintai company was established in December 2003, is the key enterprise of Kaili city government investment, is also the key protection unit of Qiandongnan state listing, the main product is water treatment agent with calcium aluminate powder (referred to as calcium aluminate powder and bauxite powder), it is the raw material necessary for polymeric aluminum chloride, widely used in drinking water, industrial water and sewage treatment and other fields. With the increase of national environmental protection policy, the company ushered in the development opportunities, after several twists and turns, in March 26, 2012 and the Kaili City Government signed an annual output of 200,000 tons of calcium aluminate powder relocation and expansion of technical reform "investment agreement", since then opened a new chapter of enterprise development.

Interview with the person in charge of Xintai fusion material (left)

Hope is ahead, everything is about to be on the right track, which should be a joyful thing, but the person in charge of Xintai Company is worried a lot. Due to the huge project of relocating and rebuilding in the early stage, a large amount of the company's capital was invested in the construction of fixed assets, leaving only a meager amount of funds to maintain the operation of the enterprise. In order to solve the problem of capital needs, the person in charge of the company tried to apply for loans from four major banks and local banks in Kaili, but they were repeatedly rejected because the threshold was too high.

One day in September 2013, Guizhou Kaili Agricultural and Commercial Bank set up a booth in Furubi Industrial Park to promote its business. In the mood of trying, Zhu Zongxing, the deputy general manager of Xintai Company, came to consult the loan business, and said frankly to the staff: "Our enterprise's factory is now basically completed, but due to the large initial capital investment, the current lack of funds to purchase the necessary equipment and construction of the remaining part of the plant, I hope your bank will give some support, so that the enterprise can be put into operation as soon as possible. " In order to let Furubi Branch understand the difficulties of the enterprise more deeply, Vice President Zhu made a prompt decision to invite the branch account manager to Xintai Company for on-site investigation and explained the construction situation of the company in detail.

Finished goods warehouse

With the deepening of Furubi Branch's understanding of Xintai Company, it was believed that the company would have a better development prospect under the national policy trend, so it started a series of loan approval process in time and successfully issued a three-year fixed asset loan for the company in the amount of RMB 10 million on October 30, 2013 for the purchase of equipment and plant construction. Xintai finally put down the big stone in the heart of the company and put into the construction of the enterprise with great enthusiasm, which was successfully put into production in May 2014. Vice President Zhu exclaimed, "You are really a solid backing for the development of small enterprises, and with Kaili Agricultural and Commercial Bank here, we feel very down-to-earth."

In this way, with the help of Furubi Branch, Xintai Company embarked on the road of vigorous development, firstly, using 150 mu of land granted by the state, built a φ2.8×50m kiln pre-decomposition rotary kiln production line, with an annual capacity of 200,000 tons of calcium aluminate powder, which is 1 times higher than the capacity of the old production line; then invested in the construction of 14 sets of environmental protection facilities to implement effective recycling control of dust particles, basically The dust is not discharged. With the gradual accentuation of business benefits, Xintai settled the loan interest on time every quarter, and took the initiative to raise funds in advance whenever the loan was due so that it could pay off all the principal at one time, with good corporate reputation.

At the end of 2016, when the sales season was at its peak, the product orders were large, and the employees' wages increased and the demand for raw materials made Xintai Company have a liquidity gap again, and the company's management thought of Furubi Sub-Branch at the first time. Through the approval of the actual situation of the enterprise, and under the consideration of maximizing the benefits for the customer, the Furubi Sub-Branch once again put a three-year maximum secured working capital loan to Xintai Company, with a single amount of 13 million RMB for capital turnover.

Phase I Production Line

Phase II pilot production line

With the activation of the capital chain, Xintai's corporate profits are growing rapidly, and the person in charge has higher and higher requirements for the products. In order to achieve product transformation and scale expansion, Xintai's second phase of polymeric aluminum chloride production line was basically completed in June 2017 and is currently in trial operation, which will realize the production and sale of finished polymeric aluminum chloride. At the same time, the company's third production line is also under construction, ready to be officially put into operation at the end of August this year.

Looking at the development of the enterprise, Xintai company has received credit support from Furubi Branch for three years, and its performance has grown year after year: in 2014, it was profitable at the beginning of production, and the income reached 42,798,500 yuan, with a net profit of 682,100 yuan; in 2015, the income reached 60,125,000 yuan, with a net profit of 1,628,100 yuan; in 2016, the income reached 87,286,300 yuan, with a net profit of 6,338,800 yuan. In June 2017, half-yearly business income has achieved 41.1253 million yuan, net profit of 2.7410 million yuan. These flourishing figures reflect not only the growth of enterprise value, but also the confidence of Furubi Sub-Branch and each park enterprise in future development.

Environmental Protection Facilities

Guizhou Kaili Agricultural and Commercial Bank will, as always, adhere to its market positioning, strongly support the "three rural areas", support small and micro enterprises, support the community, provide convenient, flexible and fast financial services for the majority of customers in the Furubi Economic Development Zone, so that the park economy is becoming more and more active, so that the regional development is becoming more and more prosperous.