Core Viewpoint - The ethylene production of Sino-Korean Petrochemical exceeded 616,100 tons from January to July, marking a year-on-year increase of 24.36%, setting a historical record [1] Production Optimization - Sino-Korean Petrochemical has continuously optimized production processes, achieving breakthroughs in raw material selection, equipment maintenance, and technical challenges, laying a foundation for capacity enhancement [1] - The successful application of the "single storage single refining" new process in the H-010 cracking furnace significantly improved raw material selection flexibility, allowing the facility to quickly adjust production plans according to market changes [1] Equipment Maintenance - The company adopted online replacement technology to successfully replace two key heat exchangers, E-027 and E-501, without affecting normal production, resolving the issue of insufficient flow in the light hydrocarbon system and eliminating bottlenecks for high-load operation [1] Technical Challenges Resolution - A dedicated team was formed to tackle rapid cooling issues, establishing a bi-weekly meeting system to address multiple technical challenges, including the short operating cycle of the H-009 cracking furnace and instrument failures [1] - The team utilized big data analysis to accurately identify the root cause of abnormal venturi outlet pressure, completing repairs quickly and providing strong support for sustained high production [1]

Core Viewpoint - Haiyang Technology has successfully passed the IPO review, focusing on the nylon 6 industry and establishing a comprehensive product system in this field [1] Group 1: Company Overview - Haiyang Technology specializes in the research and production of nylon 6 series products, including chips, yarns, and tire fabrics [1] - The company has developed advanced production techniques and a wide range of nylon 6 products through independent and collaborative R&D efforts [1] - Haiyang Technology has established long-term partnerships with renowned domestic and international companies, enhancing its brand recognition [1] Group 2: Market Position - Haiyang Technology holds approximately 5.6% market share in the domestic nylon 6 chip market and 15.71% in the nylon tire fabric market as of 2023 [2] - The company emphasizes product differentiation and innovation, supported by its R&D-centered business model [2] - Haiyang Technology has been recognized as a "National Intellectual Property Advantage Enterprise" and has received multiple accolades for its innovation in the textile industry [2] Group 3: Financial Performance - From 2022 to 2024, the company's revenue is projected to increase from 4.067 billion to 5.542 billion yuan, while net profit is expected to grow from 154 million to 166 million yuan [2] - The company plans to raise approximately 612 million yuan through its IPO to fund new projects and supplement working capital [3]