Core Viewpoint - Ronglian Regeneration Technology, established in March 2017, is a leading manufacturer of recycled acrylic products in China, focusing on the research and production of recycled MMA and PMMA sheets, promoting the use of renewable resources to advance the circular economy [3]. Industry Overview - The recycled acrylic and reuse industry in China has seen significant growth due to the government's prioritization of environmental protection, with favorable policies driving demand for recycled acrylic products [3]. - The implementation of environmental policies, such as the State Council's 2024 directive on accelerating the construction of a waste recycling system, is expected to sustain the growth in demand for the company's products [3]. Company Performance - The production capacity of recycled MMA is projected to increase from approximately 13,776 tons in the 2023 fiscal year to about 20,448 tons in the 2024 fiscal year, with an additional 9,432 tons expected in the first half of 2025 [4]. - The company has added two new MMA production lines in January 2024 to meet anticipated customer demand, with internal production of recycled MMA for PMMA sheet manufacturing accounting for approximately 70.2%, 59.5%, and 83.0% of total production in the respective fiscal years [4]. - The third PMMA sheet production line is in trial production and is expected to be operational by the fourth quarter of 2025, which will enhance operational efficiency and product delivery capabilities [4]. Financial Performance - The company's revenue for the fiscal years 2023, 2024, and the first half of 2025 is approximately RMB 133.2 million, RMB 205.0 million, and RMB 97.8 million, respectively [6]. - The profit figures for the same periods are RMB 24.2 million, RMB 34.8 million, and RMB 7.1 million, indicating a positive growth trend in profitability [6].

Core Viewpoint - Ronglian Regeneration Technology International Limited has submitted an application to the Hong Kong Stock Exchange for listing on the GEM, with Zhongtai International as the sole sponsor [1]. Company Overview - Ronglian Regeneration Technology was established in March 2017 and is a manufacturer of recycled acrylic products in China, focusing on the research and production of recycled acrylic materials [3]. - The company provides recycled MMA and PMMA sheets and is committed to promoting the use of renewable resources to advance the circular economy [3]. - According to Frost & Sullivan, the company ranks first in China in terms of revenue from recycled MMA and PMMA sheets for the fiscal year ending December 31, 2024 [3]. Industry Context - The recycled acrylic and reuse industry has seen significant growth due to the Chinese government's prioritization of environmental protection [3]. - The implementation of various favorable environmental policies, such as the State Council's "Opinions on Accelerating the Construction of a Waste Recycling System" to be released in 2024, is expected to drive continuous growth in demand for the company's recycled acrylic products [3]. Production Capacity and Expansion - The production capacity of recycled MMA is projected to increase from approximately 13,776 tons in the fiscal year 2023 to about 20,448 tons in the fiscal year 2024, and around 9,432 tons in the first half of 2025 [4]. - The company plans to add two new MMA production lines in January 2024 to meet anticipated customer demand [4]. - During the reporting period, approximately 6,895 tons, 9,914 tons, and 5,918 tons of recycled MMA were used for internal production of recycled PMMA sheets, accounting for about 70.2%, 59.5%, and 83.0% of the total recycled MMA production in the respective fiscal years [4]. Financial Performance - For the fiscal years 2023, 2024, and the first half of 2025, the company's revenues were approximately RMB 133.19 million, RMB 205.03 million, and RMB 97.79 million, respectively [6]. - The company achieved profits of RMB 24.17 million, RMB 34.81 million, and RMB 7.07 million for the same periods [6].