Haiyang Technology submits IPO registration to the Shanghai Stock Exchange. Diversified nylon products meet market demand.

On March 17, Haiyang Technology Co., Ltd. (referred to as Haiyang Technology) applied for the change in the IPO review status of the Shanghai Stock Exchange main board to "submitted for registration." Dongxing is its sponsoring institution, with a planned fundraising of 612 million yuan. The prospectus shows that Haiyang Technology is one of the main domestic enterprises engaged in the research, development, production, and sales of nylon 6 series products. Since its establishment, the company has adhered to the diversified development path of "focusing on nylon 6 new materials," established the vision of "becoming a leader in the Chinese nylon industry," and after years of industry accumulation and development, it has formed a complete nylon 6 series product system including slices, filaments, and curtain fabrics. The main products of the company are nylon 6 slices, nylon 6 filaments, and curtain fabrics, including nylon 6 curtain fabrics, polyester curtain fabrics, and nylon 66 curtain fabrics. The company's products and technological strength have been recognized by well-known domestic and foreign customers. As of now, the issuer has established long-term cooperation with well-known large chemical, chemical fiber, and tire enterprises at home and abroad in the main product areas, such as BASF, Enkaforce, Xiao Xing Group, Kingfa Sci. & Tech., Yiwu Huading Nylon, Eifel, Zhongxin Group, Zhongce Rubber, Shandong Linglong Tyre, Qingdao Sentury Tire, Jiatong Tire, PRINX CHENGSHAN, Doublestar Tire, among others, and the brand awareness is continuously increasing. In terms of market share, according to the data released by the Skeleton Material Professional Committee of China Rubber Industry Association for the domestic nylon curtain fabric production in 2023, the market share of the company's nylon curtain fabric in 2023 was 15.71%; according to the data released by the Skeleton Material Professional Committee of China Rubber Industry Association for the domestic polyester curtain fabric production in 2023, the market share of the company's polyester curtain fabric in 2023 was 6.14%. After deducting the corresponding issuance expenses from the funds raised in this public offering of shares, Haiyang Technology will invest in the following projects: Financially, in the years 2021, 2022, 2023, and January-June 2024, Haiyang Technology achieved operating income of approximately 3.947 billion yuan, 4.067 billion yuan, 4.113 billion yuan, and 2.742 billion yuan respectively; during the same period, the company achieved net profits of approximately 282 million yuan, 167 million yuan, 140 million yuan, and 81.247 million yuan respectively.