Yangzhou Hongyuan New Materials Co., Ltd. (hereinafter referred to as "Hongyuan New Materials") was established in 1998, formerly known as Jiangsu Jiangbei Chemical New Materials Co., Ltd., located in the high-end equipment industrial park of Jiangdu District, Yangzhou City, Jiangsu Province. A domestic fine high-end silicone manufacturer.
Hongyuan New Materials focuses on the development of three major industries: new materials, security products, and foreign trade services. Its silicone oil series products are the leader in domestic subdivided industries, and its fire door and special door products have a certain influence in the industry.Three major production bases in Yangzhou, Anhui and Indonesia and two foreign trade service bases in Hangzhou and Yangzhou have been built.There are 1,500 registered employees, total assets are approximately 2.5 billion yuan, and the annual output value exceeds 1 billion yuan.
The global application fields of silicone are constantly expanding, and a unique and important product system has been formed in the new chemical materials industry. Many varieties are irreplaceable and indispensable for other chemicals. The increase in industry concentration is a general trend.Hongyuan New Materials seizes development opportunities, actively responds to the national policy call for jointly building the “One Belt, One Road”, and combines Hongyuan Company’s scientific research and technology to establish Indonesian Sino Company and Indonesian Hongyuan Company in Batam Island, Indonesia in 2018, investing in US$10 million was spent to establish a production plant for silicone products and acrylic sheets.The factory covers a total area of 140 acres and has a factory building of 30,000 square meters.In the first phase, one production line for dimethyl silicone oil and room-temperature vulcanized silicone rubber and two acrylic sheet production lines were built. The production capacity of silicone products is 15,000 tons/year, and the designed production capacity of acrylic sheets is 20,000 tons/year. It has been put into production in 2019.
The silicone market will develop rapidly in 2021. In order to expand production capacity, our company has built an intelligent chemical factory in Dingyuan, Anhui, namely Anhui Hongyuan Ronghong New Materials Co., Ltd.The total investment is 850 million yuan, 400 acres of land will be acquired, and the construction will be divided into two phases.After the project is fully completed, it is expected to achieve annual sales of 3 billion yuan and profits of 1.07 billion yuan.The first phase covers an area of 200 acres, with an investment of 430 million yuan before 2021 (20,000 tons/year comprehensive silicon project). After completion, it is expected to achieve annual sales of 1.5 billion yuan and a profit of 170 million yuan.In the same year, Jinxin Security Company acquired 70 acres of new land to build Jinxin Door Technology Company, which mainly produces high-end products such as nuclear power doors, medical doors, and special doors. It is expected that the annual output value will reach 400 million yuan after it is put into production.
On January 17, 2022, Hongyuan New Materials and the securities dealers signed a formal listing guidance agreement, and it is expected to complete the GEM listing in 2023.
After several enterprises under construction are completed and put into operation, the company will form a good dual-cycle development pattern of international and domestic resource sharing, mutual assistance and complementation, with a comprehensive annual output value reaching 3 billion yuan.