Niutech(SH:688309) Zhong Guo Zheng Quan Bao·2025-10-26 21:06Core Insights - The company, Hengyu Environmental Protection, has successfully expanded its overseas operations, signing a contract worth $14 million (approximately 99.7 million RMB) for an industrial continuous waste tire pyrolysis production line with a European client, marking the second collaboration this year and the fourth overall with this client [1] - The total value of contracts signed with this European client, including a previous order of $8.5 million (approximately 60.5 million RMB), exceeds 160 million RMB, indicating strong demand for the company's technology [1] - Hengyu's products have been exported to numerous countries, including Germany, the UK, Brazil, Hungary, and South Korea, establishing a significant brand presence in various international markets [1] Overseas Expansion - The company has accelerated its overseas order expansion this year, securing a contract worth 198 million RMB in the European market and completing the acceptance of a waste plastic pyrolysis production line in South Korea, which is now in commercial operation [2] - Collaborations have also been established with clients in Brazil and Turkey, further deepening the company's global footprint [2] Technological Strength - The continuous recognition and repeat orders from overseas clients stem from Hengyu's nearly 40 years of expertise in the pyrolysis field, showcasing its technological strength and comprehensive service advantages [3] - The company is a standard setter and technology leader in China's pyrolysis technology sector, with its self-developed "industrial continuous technology and complete equipment" winning national science and technology advancement awards [3] - Hengyu's pyrolysis equipment features strong material adaptability, low disposal costs, high resource recovery rates, and has achieved multiple international certifications, allowing it to overcome strict technical barriers in overseas markets [3] Market Opportunities - The global demand for waste resource utilization is surging, driven by the dual carbon goals, positioning pyrolysis technology as a key solution for waste treatment challenges [3] - The company is well-positioned to capitalize on the growing demand for green and low-carbon technology equipment in overseas markets, which is expected to lead to more high-quality orders and sustained performance growth [4]