In the afternoon, the strategic cooperation signing ceremony between Jiangsu Interstate Digital Printing Co., Ltd. and Honghua Digital Printing Co., Ltd. was held at Honghua Digital Printing Co., Ltd.'s Binjiang headquarters.

Jin Xiaotuan, Chairman of Hangzhou Honghua Digital Technology Co., Ltd., Zheng Jing, Deputy General Manager, Zhou Jian, Chairman of Jiangsu Interstate Digital Printing Co., Ltd., Yuan Tianhong, General Manager, and industry media attended the event.

Jiangsu Interstate Digital Printing Co., Ltd. (hereinafter referred to as Interstate Digital) signed a contract on site to order 3 Honghua wide width coating Single Pass digital printing machines and 10 digital printing machines, with a total investment of over 80 million yuan.

It is reported that Jiangsu Inter State Digital plans to purchase 15 Honghua single pass digital printing machines and 50 high-speed scanning digital printing machines in the future, with an estimated investment of 400 million yuan. The company's goal is to build an intelligent digital printing factory with a daily output of 2 million meters of digital printing in two years, and will continue to invest heavily in advanced equipment to provide a flexible fast response supply chain for the transformation, upgrading, and sustainable development of the domestic home textile industry.

Digital printing, as a new printing method, has personalized, refined, and many advantages. In recent years, small-scale production and personalized design patterns have become increasingly common in the textile and home textile clothing market. Jiangsu Interstate Digital Printing Company, as a leading digital printing enterprise in the home textile industry, is a leader in wide digital printing in China. Since the beginning of the the Year of the Loong, the interstate digital printing orders have been sufficient, and the production lines of digital direct jet printing, transfer printing and pigment printing have been fully opened, fully meeting the needs of customers for various orders.

At present, the entire textile industry is facing a situation of weak domestic and international demand, with overseas channels still destocking and domestic replenishment mainly consisting of small and single units, resulting in insufficient overall operating rates in the industry. In this situation, digital printing equipment has become more attractive than traditional circular and flat screen printing equipment. It does not require plate making, thus saving the cost of plate making for small and medium-sized orders. It can significantly help downstream customers reduce inventory pressure, achieve rapid turnover, and increase the willingness of traditional customers to transform to digital printing.

Compared to ordinary printing machines, Honghua Digital Single pass digital printing machines have fast printing speed, high color reproduction, color stability and consistency, and significant cost advantages per unit. They can meet market demand, shorten customer procurement investment payback period, and usher in the era of "highway" for digital printing.

Jiangsu Interstate Digital Printing Co., Ltd. is a local enterprise in Nantong, specializing in digital printing for more than ten years. In October 2021, the Chuanjiang New Factory was established. The production of digital printing products in the Chuanjiang factory area will produce a total of 13 million meters in 2022 and 20 million meters in 2023, with an annual sales revenue of 80 million yuan.

Jiangsu interstate digital printing seized the opportunity and invested in introducing advanced equipment in the industry, not only laying a solid foundation for the company and sounding the call for development, but also setting a good example for the high-quality development of the printing and dyeing industry.

Honghua Shuke Intelligent Ink Production Base is about to carry out factory infrastructure construction work

Regarding a question raised by an investor on the interactive platform to Honghua Digital Printing Technology: How is the progress of the intelligent production line project for 3520 sets of industrial digital printing equipment per year? Has it been completed and put into operation? Additionally, when is the expected start date for the proposed ink project.

Honghua Shuke replied that currently, the construction of the factory building for the "Annual Production of 3520 sets of Industrial Digital Printing Equipment Intelligent Production Line" project, which raises funds through issuing stocks to specific targets, has been basically completed. At the same time, the intelligent ink production base planned by the company in Tianjin has obtained a land certificate and will soon carry out factory construction work.

According to the announcement released by Honghua Digital Technology, in 2022, Honghua Digital Technology invested 67 million yuan to acquire 67% equity of Jingli Digital, expanding the company's business scope to the ink production field. In 2023, it acquired another 33% equity of Jingli Digital, making Jingli Digital a wholly-owned subsidiary of Honghua Digital Technology. This transaction strengthens the company's business integration of ink consumables.

Jingli Digital focuses on the research and development, production, and sales of color pastes and inks for textile inkjet printing. Its products include textile digital printing color pastes (active, acidic, sublimation, high-temperature dispersion color pastes), textile digital printing auxiliaries, and active inks. Jingli Digital has advanced modern inkjet ink production lines and cooperates with the Binhai Industrial Technology Research Institute of Zhejiang University, possessing analytical, testing, and research and development capabilities.

Jingli Digital Company, in response to the transformation needs of the textile printing and dyeing industry towards clean and energy-saving processes, adopts advanced technology and processes and is committed to producing color pastes and inks for textile inkjet printing. The products have the characteristics of high coloring rate, bright colors, wide fabric adaptability, high color fastness, and low wastewater discharge during the printing process. Some of the product quality exceeds that of similar imported products.

In 2023, Honghua Shuke revealed that the company is building an intelligent ink production base in Tianjin. After it is officially completed and put into operation, the ink production capacity is expected to expand to 40000 to 50000 tons.

Zhejiang Lanyu Digital Technology Co., Ltd., which is applying for listing on the Growth Enterprise Market of the Shenzhen Stock Exchange, is mainly engaged in the research and development, production, and sales of digital printing ink. In 2022, Lanyu's sales of digital printing ink in the textile field were 9868.11 tons, with a market share of 10.28%.

Continue to focus on textile digital printing and develop inkjet technology for industrial applications in non textile fields

Recently, Honghua Digital Technology stated during a survey of institutional investors that in the future, the company will continue to focus on the industrial application of textile digital printing. Based on long-term industry experience and a deep understanding of the upstream and downstream of the textile industry chain, the company will take customer needs as the starting point and combine them with the application needs of customers in the textile industry to implement a business model of "equipment first, consumables follow-up", providing customers with a combination of cost-effective digital printing equipment and consumables, thereby realizing the linkage promotion and sales of its own digital printing equipment, consumables and accessories.

At the same time, based on the scalability of digital printing core technology, the company will fully utilize its technology, scale advantages, and ink development and production advantages in printing core components. Through mergers and acquisitions, independent business units, and ODM methods, the company will quickly replicate its core technology and apply it to non textile fields such as books, decoration and building materials, corrugated paper, and functional spraying, laying a solid foundation for the development of the company's non textile sector in the next two years.

Continuous progress in patent research and development

In addition, according to the announcement of the China National Intellectual Property Administration, Hangzhou Honghua Digital Technology Co., Ltd. applied for a patent named "spraying device and printing system", with the publication number of CN117621652A and the application date of December 2023.

The patent abstract shows that the present invention relates to a spraying device and a printing system. The spraying device comprises: a single needle component comprising a spray needle and an actuating device, wherein the actuating device is configured to generate mechanical vibration under the excitation of the received driving signal, so as to disperse the target liquid in the spray needle into mist droplets and output the spray needle; Single needle installation component, used to fix the single needle component and the airflow guiding unit; And an airflow guiding unit, comprising an air inlet and an air outlet, wherein the position of the air outlet is adapted to the one spray needle, and the airflow guiding unit is configured to output airflow through the air outlet to guide the mist droplets to the surface of the substrate. The present invention can achieve uniform atomization effect of the target liquid, controllable droplet size distribution, and can apply trace controllable liquid to the target object.