Core Insights - Yangzhou Huitong Technology Co., Ltd. engaged in a specific investor survey with Ruihua Capital on November 28, 2025, discussing key topics such as gross margin, hydrogen peroxide business prospects, production and customer acquisition models, overseas market expansion, and core competitive advantages [1][2]. Company Overview - Established in 1998, Yangzhou Huitong Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in January 2025. The company specializes in high-end chemical engineering equipment and comprehensive technical solutions, focusing on polymer materials and hydrogen peroxide production [2]. - The company offers integrated solutions across various industries, including high-performance nylon (PA66), bio-based nylon (PA56), biodegradable materials (PBAT/PBS), polyester (PET), and hydrogen peroxide (H₂O₂) [2]. Gross Margin Influencing Factors - The company indicated that gross margins vary across its main business segments, which include equipment manufacturing, design consulting, and engineering contracting. Factors affecting gross margin include labor costs, raw material price fluctuations, market competition, business structure, and product sales prices [3]. Hydrogen Peroxide Business Opportunities - The company has made significant R&D breakthroughs in the hydrogen peroxide sector. A policy from the Ministry of Emergency Management in March 2024 mandates that new or expanded hydrogen peroxide projects must use fluidized bed technology, with existing non-fluidized bed production facilities required to upgrade by 2029. This policy is expected to create more market opportunities for the company [4]. Production and Customer Acquisition Strategies - The company has established three main operational models: equipment manufacturing, design consulting services, and engineering contracting (EPC). It employs an "order-based" procurement model tailored to customer needs. Sales primarily occur through direct sales, utilizing both technical and brand marketing strategies [5]. Overseas Market Expansion Plans - The company has incorporated overseas market development into its long-term strategy, having established a dedicated international business department to oversee market research, channel development, and customer relationship building. Progress in expanding overseas business is being made steadily [6]. Core Competitive Advantages - The company's core competitive advantages lie in technological innovation, customer resources, R&D and intellectual property, qualifications, and industry standards. It has received several honors, including being recognized as a national-level "specialized and innovative" key enterprise and a national intellectual property advantage enterprise [8].