Hyea Aromas(SZ:300886)2022-11-21 15:36Company Overview - Anhui Huaye Fragrance Co., Ltd. is a well-known enterprise in China's fragrance and flavor industry, particularly a leader in the lactone series of fragrances [2] - The company is recognized as a national high-tech enterprise and has established long-term stable business relationships with international companies such as Procter & Gamble and Firmenich [2] Market Position - The global market size for the lactone series of synthetic fragrances is estimated to exceed 15,000 tons, with competitors including Beijing Beida Zhengyuan and Shanghai Huasheng Fragrance [3] - The company operates in the middle segment of the lactone series supply chain, sourcing raw materials primarily from the oil and petrochemical industries [3] Competitive Advantages - The company has achieved cost reduction and improved fragrance quality through integrated innovations in technology and process optimization [3] - It has been recognized as one of the top ten enterprises in China's fragrance industry and has participated in drafting 19 national food safety standards [3] Production Capacity - The company has a project with an annual production capacity of 3,000 tons for the lactone series, with 1,800 tons already in production and the remaining 1,200 tons expected to be operational by 2022 [3] Client Relationships - The company has established long-term cooperation with well-known domestic and international enterprises, with typical order cycles for international clients ranging from six months to one year [3] Environmental and Safety Practices - The company implements safety production responsibility systems and has achieved compliance with safety standards [4] - It utilizes advanced technologies for waste management and pollution control, ensuring compliance with environmental regulations [4]