海阳科技：以尼龙6新材料为主线多元发展 努力成为中国尼龙行业领跑者

Company Overview - Company is a leading enterprise in the research, production, and sales of Nylon 6 series products and tire cord materials in China, with a complete product system including Nylon 6 chips, yarns, and tire fabrics [7][10] - The company emphasizes high-quality development and aims to become a leader in the Nylon 6 and tire fiber skeleton materials industry, leveraging its strong R&D and industrialization capabilities [7][10] Financial Performance - The company's main business revenue for the reporting periods were 4,062.82 million CNY, 4,106.43 million CNY, and 5,531.85 million CNY, accounting for 99.89%, 99.85%, and 99.81% of total revenue respectively [15] - The gross profit for the main business during the same periods was 421.42 million CNY, 333.58 million CNY, and 410.56 million CNY, representing 99.93%, 99.81%, and 99.56% of total gross profit respectively [16] - R&D investment for the last three years totaled 266.39 million CNY, with a compound annual growth rate of 11.36% [18] Market Position - Company holds significant market shares in the Nylon 6 industry, with a projected market share of 5.49% for Nylon 6 chips and 15.71% for tire fabrics in 2023 [22] - The company has established long-term strategic partnerships with major domestic and international firms, enhancing its market competitiveness [8][22] Strategic Initiatives - The company plans to use the funds raised from its IPO to invest in projects such as the annual production of 100,000 tons of modified polymer new materials and the intelligent transformation of high-modulus low-shrinkage polyester tire fabrics [9][34] - Future strategies include enhancing brand recognition, optimizing product structure, and expanding both domestic and international markets [20][22] Industry Context - The Nylon 6 industry is experiencing rapid growth, with China accounting for over half of the global production capacity [27] - The market is shifting towards differentiated and functional products, with significant opportunities arising from national policies and a stable supply of raw materials [26][28]