Core Viewpoint - Binhua Co., Ltd. is planning to issue H shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international brand image [2] Company Overview - Binhua Co., Ltd. was established in 1998 and specializes in the production, processing, and sales of organic and inorganic chemical products [2] - The company's main products include industrial-grade propylene oxide, ion membrane liquid caustic soda, ion membrane solid caustic soda, food additive sodium hydroxide, industrial hydrochloric acid, high-purity hydrochloric acid, reagent hydrochloric acid, and oilfield demulsifiers, with products exported to over 100 countries and regions [2] Leadership - The chairman of Binhua Co., Ltd. is Yu Jiang, who is 53 years old and has a master's degree [2] - Yu Jiang has held various positions within the company since 2007, including vice general manager and board secretary [2] Financial Performance - Revenue for Binhua Co., Ltd. from 2022 to 2024 was reported as 8.892 billion CNY, 7.306 billion CNY, and 10.228 billion CNY respectively, while net profit attributable to shareholders was 1.178 billion CNY, 383 million CNY, and 219 million CNY [4] - In the first quarter of 2025, the company reported revenue of 3.782 billion CNY, representing a year-on-year growth of 94.14%, and a net profit of 96 million CNY, reflecting a year-on-year increase of 225.75% [5] Market Performance - As of July 30, Binhua Co., Ltd. shares increased by 1.34%, closing at 4.54 CNY, with a total market capitalization of 9.339 billion CNY [6] - The company has a price-to-earnings ratio (TTM) of 32.1 and a price-to-book ratio of 0.81 [7]