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On November 18, the listing ceremony for the initial public offering of A shares of Huitong New Materials Co.
, Ltd.
(hereinafter referred to as: Huitong Shares) was held on the Shanghai Stock Exchange
.
At 9:30, on the fifth floor trading floor of the Shanghai Stock Exchange, Mr.
He Xiangjian, founder of Midea and chairman of Midea Holdings, Ms.
Ling Yun, deputy secretary of the Hefei Municipal Party Committee and mayor of the municipal government, secretary and manager of the Working Committee of Hefei High-tech Industrial Development Zone, attended the meeting.
Mr.
Song Daojun, director of the committee, Ms.
He Qianchang, founder of Huitong, Mr.
Ma Yao, member of the Executive Committee of CITIC Securities, and Ms.
Li Jianyi, chairman of Huitong, jointly opened the market for Huitong, and the guests also witnessed the meeting.
The highlight moment when the shares landed on the Science and Technology Innovation Board
.
At 9:30, on the fifth floor trading floor of the Shanghai Stock Exchange, Mr.
Mayor Lingyun of Hefei City delivered a speech at the listing ceremony.
On behalf of the Hefei Municipal Party Committee and Hefei Municipal People's Government, he extended warm congratulations to Huitong on the successful listing, and expressed high recognition for the achievements of Huitong's adherence to independent innovation and hard work, and sincerely wished Huitong shares can take this listing as an opportunity to raise the benchmark, take advantage of the trend, innovate and develop, repay the society and the majority of investors with excellent performance, and make new and greater contributions to the economic and social development of Hefei
.
More than ten years of deep cultivation in the industry, comprehensive advantages to build a leading position
More than ten years of deep cultivation in the industry, comprehensive advantages to build a leading positionHuitong Co.
, Ltd.
was established in 2008.
Since its establishment, the company has focused on the field of polymer modified materials and engaged in the research and development, production and sales of modified plastics
.
After more than ten years of deep cultivation in the industry, Huitong has formed a unique core technology system, and has accumulated strong technical strength through years of continuous R&D and innovation
.
In terms of market layout, Huitong Co.
, Ltd.
already has a certain brand reputation in the modified plastics industry, and has established a good cooperative relationship with downstream customers
.
In terms of market services, the company has also built three production bases in Anhui, Guangdong, and Chongqing, forming a nationwide delivery network, producing nearby, and responding quickly; it has built six sales areas in East China, South China, Central China, North China, West China, and Northeast China.
A customer-centric market service team with quick response capabilities to meet the diverse needs of customers
.
Raised investment projects to increase production capacity and broad space for future development
Raised investment projects to increase production capacity and broad space for future developmentThe funds raised from the listing of Huitong Co.
, Ltd.
are intended to be used to supplement working capital and invest in the "annual output of 300,000 tons of high-performance composite materials project" and the "R&D center construction project of Huitong New Materials Co.
, Ltd.
"
.
The funds raised from the listing of Huitong Co.
, Ltd.
are intended to be used to supplement working capital and invest in the "annual output of 300,000 tons of high-performance composite materials project" and the "R&D center construction project of Huitong New Materials Co.
, Ltd.
"
.
Among them, the "annual output of 300,000 tons of high-performance composite materials project" relies on the company's existing core technology and production experience.
After completion, it will solve the problem of capacity bottlenecks, improve the company's production capacity, optimize production processes, improve production efficiency, and enhance the company's profitability.
.
The "R&D Center Construction Project of Huitong New Materials Co.
, Ltd.
" is conducive to further upgrading and improving the company's technology research and development system, and helps the company to establish a systematic research platform, which is of great significance to support the implementation of the research and development innovation strategy
.
With the implementation of the raised funds investment projects, the company's production capacity will be effectively improved, which will help the company maintain its competitive advantage, win a larger market share, and further enhance the company's sustainable profitability
.
It is foreseeable that this listing will open a milestone in the company's new journey and bring new opportunities for the company's sustainable development
.
Looking forward to the future, Huitong will rely on its own R&D strength and industry experience to become the world's leading provider of overall material solutions
.
In the next three to five years, the company will seize the opportunity of this issuance and the localization of key materials, adhere to the two-wheel drive strategy of connotative growth and extension expansion, and ensure the sustainable and rapid development of the company.
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.
