双欣环保：曾独立承担国家重点研发计划“科技助力经济2020”重点专项项目“PVA 生产线智能化建设与改造”等多个重大科研项目

Core Viewpoint - Double Xin Environmental Protection Materials Co., Ltd. (hereinafter referred to as "Double Xin Environmental Protection") is set to go public, showcasing its advanced technology and production capabilities in the polyvinyl alcohol (PVA) industry, with a focus on sustainable development and innovation [1][2][7]. Group 1: Company Overview - Double Xin Environmental Protection specializes in the research, production, and sales of PVA and its upstream and downstream products, establishing a comprehensive industrial chain [2]. - The company has achieved significant technological advancements, holding 260 authorized patents and participating in the drafting of 13 national and local standards by 2025 [1][2]. - The annual production capacity for PVA is 130,000 tons, with the company ranking among the top three in the industry for PVA production in 2024 [2]. Group 2: Market Performance - The company operates at full capacity with high utilization rates, distributing products across 29 provinces in China and exporting to over 40 countries [3]. - Double Xin Environmental Protection has established long-term partnerships with influential manufacturers in various sectors, enhancing its market presence [3]. - The company has received recognition for its products, including brand honors from Inner Mongolia Autonomous Region [3]. Group 3: Financial Performance - The company has demonstrated steady revenue growth, with projected revenues of 50.61 billion yuan, 37.83 billion yuan, and 34.86 billion yuan for the years 2022 to 2024, respectively [4]. - Net profits for the same period are expected to be 8.08 billion yuan, 5.58 billion yuan, and 5.21 billion yuan, indicating strong profitability [4]. - For the first half of 2025, the company reported revenues of 1.797 billion yuan and net profits of 281 million yuan, with an expected annual revenue growth of 6.66% [5]. Group 4: Future Growth and Projects - The company plans to utilize the funds raised from its IPO to enhance production capacity and invest in energy-efficient technology projects [6]. - Key projects include the production of PVB resin and functional films, as well as the development of water-based adhesives, aimed at increasing the value-added product offerings [6]. - The company aims to strengthen its position in high-end markets and capitalize on the growing demand for eco-friendly materials [4][6].