Core Insights - Haiyang Technology Co., Ltd. officially listed on the Shanghai Stock Exchange, marking a new chapter in capitalized development for the leading enterprise in the nylon 6 industry chain [1] - The company achieved annual revenue exceeding 5.5 billion yuan, with products exported to 36 countries and regions worldwide [1] Group 1: Transformation and Growth - The company has undergone multiple strategic transformations and technological upgrades since its establishment in the 1970s [1] - Under the leadership of Lu Xincai, the company implemented a "three-year revitalization plan" and a "low-cost expansion" strategy, transitioning from a traditional synthetic fiber manufacturer to a new materials technology enterprise [1] - After completing its shareholding system reform in 2006, the company focused on three main business segments: high-performance nylon 6 chips, specialty industrial yarns, and high-end tire fabrics, becoming a benchmark enterprise in the industry [1] Group 2: Innovation and Competitive Advantage - The company established a development path of "technology-driven, scale-winning" [3] - Key technological breakthroughs include the development of in-situ polymerization coloring technology, which significantly reduces downstream customer production costs by eliminating the need for dyeing and finishing [3] - The company has built a collaborative innovation mechanism involving industry, academia, and research, accumulating 35 core patents and filling multiple domestic technology gaps [3] Group 3: Industry Challenges and Solutions - The company has made significant progress in addressing key challenges in nylon material applications [4] - In the engineering plastics sector, products have achieved international authoritative certification, matching the performance of leading international brands [4] - The company has created the industry's first fully digitalized factory, achieving over a 20% reduction in energy consumption [4] Group 4: Capital Utilization for Upgrades - The funds raised from the IPO will be primarily directed towards high-end modified materials projects to expand into emerging markets such as new energy vehicles [4] - Investment will also be made in intelligent technological transformation projects to enhance the production capacity of high-modulus tire fabrics and other specialty products [4] - The establishment of a research and development center will strengthen basic research and technological reserves [4]