Core Viewpoint - Double Xin Environmental Protection Materials Co., Ltd. emphasizes its commitment to environmental protection and sustainable development, showcasing its advanced practices in the production of polyvinyl alcohol (PVA) and related products, while also highlighting its strong market position and growth potential in both domestic and international markets [1][2][5][8]. Group 1: Environmental Commitment - The company has established a circular economy industrial chain from limestone mining to PVA and downstream products, effectively managing pollution and reducing environmental risks [1]. - It has received recognition from the Inner Mongolia Ecological Environment Department for its outstanding environmental protection efforts [1]. Group 2: Product and Market Position - Double Xin specializes in the research, production, and sales of PVA, special fibers, and calcium carbide, with a complete PVA industrial chain layout [2]. - The company has an annual production capacity of 130,000 tons of PVA and 870,000 tons of calcium carbide, ranking among the top in the industry for PVA production in 2024 [2][6]. Group 3: Technological Innovation - The company has developed core technologies for the industrialization of PVA and its upstream and downstream products, contributing to significant advancements in production processes [3]. - It has undertaken major research projects, including key technology studies for green manufacturing of high-performance PVA [3]. Group 4: Financial Performance - The company reported revenues of 5.061 billion yuan, 3.783 billion yuan, and 3.486 billion yuan for the years 2022 to 2024, with net profits of 808 million yuan, 558 million yuan, and 521 million yuan respectively [6]. - For the first half of 2025, the company achieved revenues of 1.797 billion yuan and net profits of 281 million yuan, with an expected annual revenue of 3.719 billion yuan, reflecting a growth of 6.66% [6]. Group 5: Fundraising and Future Projects - The company plans to raise 1.865 billion yuan through its IPO, with net proceeds expected to be approximately 1.798 billion yuan after expenses [7]. - The funds will be allocated to projects aimed at increasing production capacity and enhancing energy efficiency, as well as establishing research and development facilities [7]. Group 6: Market Opportunities - The company is positioned to benefit from the growing demand for high-end PVA products and the increasing reliance on domestic production due to over 30% import dependency in the high-end PVA market [5]. - Strategic partnerships, such as with Mitsubishi Chemical, are facilitating entry into global high-end supply chains [5].
双欣环保：一直高度重视环境保护工作 已建立自石灰石矿至聚乙烯醇及下游产品循环经济产业链
Quan Jing Wang·2025-12-19 01:26