On March 1, Anhui Xinyuan Technology Co., Ltd. (Xinyuan Technology) submitted a prospectus to the Shanghai Stock Exchange and was accepted by the Shanghai Stock Exchange. Xinyuan Technology plans to list on the main board of the Shanghai Stock Exchange, with a total fundraising amount of 1.247 billion yuan. The sponsor is China Securities Co., Ltd. Xinyuan Technology plans to publicly issue 43.0152 million RMB ordinary shares (A shares) to the public, and plans to raise 1.247 billion yuan, which will be used for 43,000 tons of acetal series fine chemicals and 5,000 tons of electronic special materials projects, intelligence and digitalization Upgrade projects and repay bank loans and replenish working capital.
Xinyuan Technology is a national-level specialized special new “little giant” enterprise specializing in the research and development, production and sales of fine chemicals. It is mainly engaged in epoxy reactive diluents and epoxy resin products. In the future, it will further expand the acetal series of advanced solvents And electronic grade special epoxy resin products.
Epoxy reactive diluent is a kind of multifunctional compound containing reactive epoxy groups. It has the characteristics of various types, strong reactivity and environmental friendliness. It is easy to undergo ring opening or addition reaction with other compounds to form new compounds and promote new applications. scene, so it has a wide range of uses. Xinyuan Technology has entered this field since 2004, and has developed more than 40 varieties. The products have been used as diluents for epoxy resins in wind turbine blade composite materials, aerospace composite materials, architectural and industrial coatings, electrical appliances and adhesives, etc. , and gradually expanded to be used as organic synthesis intermediates or industrial additives for silane coupling agents, daily chemical products, 3D printing, UV resins, degradable plastics, superabsorbent resins, PVC additives, papermaking additives and textile additives, etc. field of innovation.
Epoxy resin is an important type of thermosetting resin. Xinyuan Technology has developed more than 10 varieties, which are mainly used in coatings, copper clad laminates and 3D printing.
In 2020, 2021, and 2022, as the reporting period, the total assets of Xinyuan Technology are 801 million, 1.052 billion, and 1.132 billion yuan; operating income is 1.274 billion, 1.957 billion, and 1.797 billion yuan.
In 2022, the sales revenue of Xinyuan Technology’s epoxy reactive diluent will be 1.268 billion yuan, accounting for 71.85% of the total sales, and the sales of epoxy resin will be 497 million yuan, accounting for 28.15%.
During the reporting period, the net sales margins of Xinyuan Technology were 8.78% in 2020, 6.64% in 2021, and 7.29% in 2022, and the gross sales margins were 16.96%, 13.50%, and 13.85%, respectively, showing a trend of first falling and then rising .
Xinyuan Technology has strong technical strength, advanced production equipment, and perfect after-sales service. It has passed ISO9001 quality management system, ISO14001 environmental management system and OHSAS18001 occupational health and safety management system certification, and has a good management system guarantee. The company has unique technical advantages in the development and research of epoxy reactive diluent series products, has a high-quality research and development team, has established research and development institutions and laboratories with complete facilities, and has established a provincial-certified enterprise technology center, and has successively established Established Anhui Province Epoxy Resin and Additives Engineering Technology Research Center. The company has carried out close industry-university-research cooperation with Nanjing Forestry University and other universities, and organized and implemented the National Torch Program, National Key New Product Program, National Innovation Fund for Small and Medium-sized Enterprises, National Cleaner Production Demonstration, Provincial High-tech Industrialization, and Municipal Key Technology Program, etc. A number of technology and industrialization projects have been completed, and a number of independent innovation research and development projects have been completed. Seven products have been awarded as national key new products, ten products have been awarded high-tech products in Anhui Province; one achievement has been awarded the 2021 China Petroleum He won the first prize of scientific and technological progress of the Federation of Chemical Industry, five achievements won the second and third prizes of provincial science and technology, eleven achievements passed the appraisal of scientific and technological achievements in Anhui Province, and two achievements passed the appraisal of scientific and technological achievements of China Petroleum and Chemical Industry Federation .
Anhui Hengyuan Holding Group, the parent company of Xinyuan Technology, was established in 2000. Dongyuan New Material Co., Ltd., Anhui Fengxin Material Technology Co., Ltd., Lianyungang Zhiyuan Chemical Co., Ltd., Huangshan Jinshimu Plastic Technology Co., Ltd., Shanghai Saimao Technology Co., Ltd., etc., have participated in Anhui Hongze New Material Technology Co., Ltd. And Anhui Jixi, Huizhou, Qimen and other agricultural commercial banks, the company employs nearly 1,000 people.