Core Insights - Zhejiang Huaye reported a revenue of 739 million yuan for the first three quarters of 2025, representing a year-on-year growth of 11.08%, with a net profit of 181 million yuan, up 143.68% [1] - The company has established itself as a leading manufacturer of customized plastic forming equipment core components in the industry, leveraging nearly 30 years of development [1] - The domestic plastic machinery industry is experiencing steady growth, with a projected CAGR of 5.68% from 2023 to 2028, and the market size expected to exceed 140 billion yuan by 2028 [2] Company Overview - Zhejiang Huaye specializes in the research, production, and sales of core components for plastic forming equipment, mastering key technologies across the entire production process [1] - The company has applied for a total of 132 patents, including 17 invention patents and 115 utility model patents, showcasing its commitment to innovation [2] Industry Trends - The plastic machinery industry is witnessing a shift towards high-end products, with increasing market shares for large injection molding machines, precision injection molding machines, and automated injection molding machines [2] - The demand for energy-efficient and environmentally friendly production methods is driving the development of plastic forming equipment, with significant reductions in energy consumption reported [3] - The market for large machines is growing, with the company holding a leading market share of 13.2% in the plastic machinery screw and barrel products from 2022 to 2024 [3] Future Outlook - The company plans to focus on niche markets such as film and fluoroplastic screw barrel products to enhance product value [3] - There will be an increased effort to expand the coverage of products in the end-user market, targeting existing plastic machinery markets [3]

Core Viewpoint - Zhejiang Huaye Plastic Machinery Co., Ltd. is in the process of its initial public offering (IPO) and applying for listing on the Shenzhen Stock Exchange's Growth Enterprise Market, with legal opinions provided by Guangdong Nantianming Law Firm [1][2]. Group 1: Legal Compliance and Documentation - The law firm has conducted thorough verification of the documents and facts provided by Zhejiang Huaye, ensuring compliance with relevant laws and regulations, including the Company Law and Securities Law [2][4]. - The law firm confirms that the necessary approvals and authorizations for the IPO have been obtained, and the company is in compliance with the requirements for public offerings [9][21]. - The company has held necessary shareholder meetings and passed resolutions related to the IPO, ensuring that all procedures are legally valid [6][7]. Group 2: Company Qualifications - Zhejiang Huaye has been in continuous operation for over three years and possesses a sound organizational structure, meeting the qualifications for listing [10][12]. - The company has a stable management team and clear ownership of shares, with no significant changes in its main business or management in the past two years [17][20]. - The company has no major legal disputes regarding its core assets or technologies, ensuring a stable operational environment [18][19]. Group 3: Financial and Operational Integrity - The financial statements of Zhejiang Huaye have been audited, showing a net profit of 75.0029 million yuan, 66.2126 million yuan, and 61.0000 million yuan for the last three years, respectively [21]. - The company has established independent financial and operational systems, ensuring compliance with accounting standards and effective internal controls [13][14]. - The company operates independently from its controlling shareholders, with no significant adverse impacts from related party transactions [17].