On March 3, Yangzhou Huitong Technology Co., Ltd. (abbreviation: “Huitong Technology”) passed the IPO meeting and was preparing to be listed on the Shenzhen Stock Exchange’s Growth Enterprise Market.
Huitong Technology plans to raise 400 million yuan, of which 150 million yuan will be used for the intelligent upgrading and transformation project of high-end chemical equipment production lines, and 252 million yuan will be used for the technology research and development center (Huitong Research Institute) project.
Huitong Technology is a professional provider of high-end chemical engineering equipment and product overall technical solutions. Founded in 1993, it has a chemical design institute, a new technology development center, and an equipment processing center. It is mainly engaged in equipment in the field of polymer materials and hydrogen peroxide production. Manufacturing, design consulting and general engineering contracting. Nearly 400 professionals of various types in the company specialize in new device design, manufacturing, installation, commissioning, guidance, training and new product development.
Huitong Technology is mainly engaged in hydrogen peroxide (fluidized bed and fixed bed process), nylon (PA66, PA56, etc., intermittent and continuous process), polyester (PET, PBT, PTT, hot melt adhesive, etc., intermittent and continuous process), can Engineering design, equipment manufacturing and installation of degradable materials (PBS, PBAT, PLA, etc.), other polymers (carbon fiber, PC, POM, etc.); provide customers with comprehensive services from design to device start-up.
In terms of projects, among the projects under construction or under construction, the cumulative designed annual production capacity of nylon 66 production lines exceeds 143,000 tons (market share 20%), and the cumulative designed annual production capacity of PBAT biodegradable material production lines exceeds 300,000 tons (market share 11%) , The cumulative designed annual production capacity of the hydrogen peroxide fluidized bed production line exceeds 2.2 million tons (market share 27%).
In terms of performance, the revenue of Huitong Technology in 2019, 2020, and 2021 will be 169 million yuan, 194 million yuan, and 498 million yuan respectively; the net profit will be 30.54 million yuan, 30.65 million yuan, and 89.7 million yuan; 21.54 million yuan, 21.88 million yuan, and 87.09 million yuan. In the first half of 2022, the revenue will be 311 million yuan, the net profit of Huitong Technology will be 24.19 million yuan, and the net profit after deducting non-profits will be 32.62 million yuan.
In 2019, 2020 and 2021, the company’s core technology business revenue accounted for 74.93%, 86.02% and 71.32% of the main business revenue, respectively, which accounted for a relatively high proportion. The company mainly relies on core technology to carry out production and operation, and core technology products play an important supporting role in the company’s main business. In 2019, 2020 and 2021, the company’s equipment manufacturing business revenue accounted for 61.54%, 67.32% and 52.76% of the company’s main business revenue, respectively, which are the main components of the company’s main business.
In 2016, Huitong Technology was recognized as the Enterprise Technology Center of Jiangsu Province; in 2021, it was awarded the “2021 Jiangsu Province Specialized Special New Small Giant Enterprise”, “Jiangsu Province Service-oriented Manufacturing Demonstration Enterprise (2021-2023)” and ” Jiangsu Provincial Industrial Design Center”; in 2022, it will be rated as a national-level “Specialized, Specialized and New” Little Giant Enterprise, “Jiangsu Engineering Survey and Design Industry Integrity Enterprise” and “Jiangsu Provincial Survey and Design Quality Advanced Unit”.
With the continuous advancement of the national carbon peak and carbon neutral strategy, Huitong Technology, which has mastered the core technologies of key materials such as biodegradable materials, nylon, and hydrogen peroxide, is expected to continue to succeed in a broader market.
