up to date!

According to the Biodegradable Materials Research Institute, on June 17, Yangzhou Huitong Technology Co.
, Ltd.
(referred to as: Huitong Technology) issued an initial public offering and listing on the Growth Enterprise Market prospectus (draft), preparing to list on the Shenzhen Stock Exchange Growth Enterprise Market.

.
At present, the review status of Huitong Technology's application for the GEM IPO has been changed to "Accepted"
.

1.
In 2021, the revenue will be 500 million and the net profit will be 89.
7 million

Huitong Technology is a chemical engineering high-end equipment and product overall technical solution provider, mainly engaged in hydrogen peroxide (fluidized bed and fixed bed process), nylon (PA66, PA56, etc.
, batch and continuous process), polyester (PET, PBT, Engineering design, equipment manufacturing and installation of PTT, hot melt adhesive, etc.
, intermittent and continuous processes), degradable materials (PBS, PBAT, PLA, etc.
), and other polymers (carbon fiber, PC, POM, etc.
); Comprehensive services for the whole process from design to device start-up
.

Huitong Technology was founded in 1993.
It has a chemical design institute, a new technology development center, and an equipment processing center.
Nearly 400 professionals of various types are specialized in the design, manufacture, installation, commissioning, guidance, training and new product development of new devices.
work
.

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.
) and other polymers (carbon fiber, PC, POM, etc.
); provide customers with comprehensive services from design to device start-up
.

In terms of performance, Huitong Technology's revenue in 2019, 2020, and 2021 were 169 million yuan, 194 million yuan, and 498 million yuan respectively; net profits were 30.
54 million yuan, 30.
65 million yuan, and 89.
7 million yuan respectively; 21.
54 million yuan, 21.
88 million yuan, and 87.
09 million yuan
.

In recent years, Huitong Technology has increased investment in technology research and development in various business fields.
The research and development expenses in 2019, 2020 and 2021 were 12.
9628 million yuan, 16.
2908 million yuan and 22.
4101 million yuan respectively.
The proportions were 7.
69%, 8.
41% and 4.
50% respectively
.

2.
The cumulative design capacity of PBAT exceeds 300,000 tons

After more than 20 years of development, the company has established a good reputation in the industry with its outstanding technology and project performance, and has achieved remarkable business results in major service areas
.

In terms of customers, Huitong Technology has currently cooperated with Yangnong Chemical, Pingmei Shenma, Kasai Biological, China Tianchen, Yida Co.
, Ltd.
, Changhong Hi-Tech, Wanhua Chemical, Mining Group, Shanxi Huayang, Hubei Yihua, France Industry-leading customers such as Air Liquide have established business partnerships
.

Among them, the cumulative design capacity of the PBAT engineering projects that have been served and are being served reaches 300,000 tons, including Jinhui Zhaolong 20,000 tons, Gansu Mogao 20,000 tons, Anhui Xuelang 20,000 tons, Shanxi Huayang 60,000 tons, Hubei Yiyi Chemical 60,000 tons, Changhong Hi-Tech 120,000 tons, the market share is about 11%
.

Process flow chart of PBAT/PBS production line

Three Process Flows for PBAT Preparation

3.
B-PBAT pilot-scale process technology passed the review

On March 25, 2022, experts from the Degradable Plastics Professional Committee of China Plastics Processing Industry Association organized a review on the "branched biodegradable polyester (B-PBAT) pilot process technology" independently developed by Yangzhou Huitong Technology Co.
, Ltd.
Yes
.

The pilot process technology is based on the invention patent "Preparation Method of Branched Biodegradable Polyester" (patent authorization number: ZL201910388763.
0) owned by Huitong Beigong Biotechnology (Beijing) Co.
, Ltd.
, a subsidiary of Huitong Technology.
development
.

After a year of repeated testing and verification, the project has formed a complete pilot-scale process package technical design description and pilot-scale process technology summary report, and the B-PBAT raw materials produced have obtained a tripartite test report
.

The use of this process technology can greatly reduce the reaction time, reduce the reaction temperature, and reduce the output of the by-product THF; the prepared B-PBAT material has easy to control melting index, low carboxyl group content, and various properties reach GB/T 32366- The technical indicators of the 2015 national standard, in which the carboxyl group content, tensile strength, color value, etc.
are all better than the technical requirements of the national standard
.

The expert review concluded that the pilot-scale process has objective conditions for industrial scale-up, and can provide support for the engineering design of the process package and equipment of the branched biodegradable polyester (B-PBAT) project
.

Huitong Technology has completed the design of 60,000-ton industrial technology process package and device equipment based on the B-PBAT pilot technology process, and is developing and reserves the 100,000-ton industrial technology process package and device design
.

4.
105,000 tons of polylactic acid + 30,000 tons of PBAT/PLA blended modified material

On April 13, 202, the Yangzhou Economic and Technological Development Zone Management Committee issued the "Environmental Impact Report on the R&D and Production Project of Yangzhou Huitong Biological New Materials Co.
, Ltd.
with an annual output of 105,000 tons of polylactic acid and its series of products.
" Reply", agreeing in principle with the evaluation conclusion of the "Report"
.

Construction site: North of Huayang East Road and West of Yunhe South Road, Yangzhou Economic and Technological Development Zone

Construction nature: new construction

Total investment: 1,781.
3 million yuan

Environmental investment: 12.
905 million yuan (Phase I + Phase II)

In addition to the production capacity of 105,000 tons of polylactic acid, 30,000 tons of modified degradable plastics (10,000 tons + 20,000 tons) are also planned for the two phases
.
It can be seen from the EIA documents that the modified degradable plastic products in the project are thermoplastic biodegradable plastic PBAT and PLA blend fibers, which can be used in film blowing, injection molding, blister and other processing fields
.