Xinnuo Lixing (Huanghua) Group Co., Ltd.

 Xinnuo Lixing (Huanghua) Group Co., Ltd. is located in Lvqiao Town Industrial Park, Economic Development Zone, Huanghua City. It was formally established in March 2004 with a registered capital of 175.8 million yuan and more than 1,500 employees. Based on processing, focusing on the field of high-tech, high-value-added fine chemical new materials, it is a group company integrating R&D, production and operation. The company has four subsidiaries, namely Xinnuo Lixing (Cangzhou Bohai New Area) Chemical Co., Ltd., Ordos Xinnuo Zhengneng Co., Ltd., Hainan Nuotong International Trading Company, and Huanghua Kunteng Petroleum Products Company.

The company's overall development planning ideas:

In accordance with the requirements of the state, province and city on "chain building, strengthening chain, supplementing chain and extending chain", establish a new development concept, focus on high-quality development, especially around the leading industries emphasized by provinces, cities and new districts, based on green chemical industry, aiming at High-end chemical new material products, expand the downstream high value-added industrial chain of oil washing, and build an industry-leading, world-leading fine chemical enterprise.

The company's three major production bases:

They are located in Lvqiao Industrial Zone of Huanghua City (the headquarters of Xinnuo Lixing Company, covering an area of ​​900 mu), Cangzhou Lingang Economic Development Zone (Xinnuo Lixing (Cangzhou Bohai New Area) Chemical Co., Ltd., covering an area of ​​1,300 mu), Ordos City Shengyuan Coal Chemical Industry Park (Xinnuo Zhengneng Chemical Industry, covering an area of ​​200 acres).

The company's main production equipment capacity and products:

Over the past 20 years, based on its advantages and seizing opportunities, Xinnuo Lixing has successively built production facilities such as tar processing, deep processing of oil washing, phthalic anhydride processing, plasticizer processing, and fluorene series new materials. The road of high-quality development of independent innovation.

The main plant production capacity includes: 1.2 million tons/year coal tar processing, 50,000 tons/year oil washing deep processing, 80,000 tons/year naphthalene phthalic anhydride, 100,000 tons/year environmental plasticizer, 2,000 tons/year fluorene series new materials ; 500 tons/year 8-hydroxyquinoline, 1000 tons/year quinolinic acid, 1200 tons/year 9-fluorenone.

The main products include: electrode binder pitch, phthalic anhydride, anthracene oil, dioctyl phthalate (DOP), industrial fluorene, industrial acenaphthene, quinoline, 8-hydroxyquinoline, quinolinic acid, fluorene series new materials, More than 50 kinds of products such as o-phenylphenol, OPPEA, DOPO, and polypropylene carbonate are widely used in metallurgy, chemical industry, medicine, construction, transportation, electronics, new high-end materials and other industries.

At present, the company shows a good trend of stable operation and sustainable development. In 2021, it will achieve sales revenue of 3.5 billion yuan, profit of 150 million yuan, tax payment of 100 million yuan, and export foreign exchange earnings of 230 million U.S. dollars, ranking first in Cangzhou for 13 consecutive years. . In the first half of 2022, the sales revenue will be 2 billion yuan, the profit will be 130 million yuan, the tax will be 60 million yuan, and the foreign exchange earning from exports will be 190 million U.S. dollars. It is estimated that in 2022, the sales revenue will be 4.5-5 billion yuan, the profit will be 300-400 million yuan, the foreign exchange earnings will be 300 million US dollars, and the tax payment will be 200 million yuan.

The progress of the company's listing:

At present, the company's listing work has entered the final sprint stage, and is actively preparing materials. It is planned to report the materials to the Hebei Securities Regulatory Commission in March 2023 and formally apply for listing on the main board.

Scientific research platform strength:

Xinnuo Lixing has always adhered to innovation and leadership, based on the field of coal tar deep processing, and continuously extended the upstream and downstream industrial chains. In 2017, the scientific research building with a total investment of 40 million yuan was officially put into use, and it has been rated as Hebei Province Coal tar deep processing technology innovation center (provincial scientific research center), and the scientific research team has won the title of high-level talent team in Hebei Province. The scientific research center has more than 50 R&D personnel, including 3 doctoral students (2 returnees post-doctorate), 8 master students and more than 30 undergraduates. There are 16 authorized patents, including 8 invention patents and 8 utility model patents.

In 2020, we successfully won the major scientific and technological achievements transformation project in Hebei Province, and received 4 million yuan of direct scientific research funds; we cooperated with China National Chemical Bluestar Chenguang Chemical Research Institute to become a sub-center of the National Engineering Plastics Engineering Research Center; at the same time, we will strengthen cooperation with universities and colleges. It has signed long-term technical cooperation agreements with Tsinghua University, Tianjin University, Anshan Iron and Steel Design Institute, and the Second Institute of Chemical Technology to enhance the scientific research and technical strength of the enterprise.

We are setting up a research pilot base and a research building in the factory area of ​​Xinnuo Lixing (Cangzhou Bohai New Area) Chemical Co., Ltd. By promoting the construction of the research and development platform, we have laid a solid foundation for improving the technological content of the company's products and accelerating the transformation of scientific research results. We plan to use 3-5 years to build a high-tech, high-value-added new chemical material industry cluster in Cangzhou and even the Beijing-Tianjin-Hebei region.

Brief introduction of key industrial chain and project construction plan:

(1) Quinoline series industry chain: quinoline in washing oil is used as a raw material for the production of important pharmaceutical and pesticide intermediates, and is used to prepare niacin and hydroxyquinoline drugs. At present, the 1,000-ton/year quinolinic acid and 500-ton/year 8-hydroxyquinoline projects constructed in Lingang Fengya Chemical Industry have reached production and effective, and the market acceptance is good. Each year, it can increase sales revenue of 500 million yuan and profit of 100 million yuan for enterprises.

(2) Fluorene series industry chain: Fluorene in washing oil is used as a raw material for the production of important pharmaceutical and resin intermediates, and is used to prepare polymer pharmaceuticals and resin materials. This project belongs to the market vacancy project.

At present, the construction of the 1200t/a 9-fluorenone project in Lingang Fengyahua has been completed; the industrial production of XN060, XN061, XN065 and XN067 has been completed in the company's headquarters (Luqiao Industrial Zone), realizing the realization of fluorene-based structural optics The localization of resin monomers breaks the foreign technology blockade and fills the market gap. Fluorene-based optical resins are widely used in high-end materials such as ultra-thin spectacle lenses, mobile phone lenses, cameras, and photoresists, contributing to high-performance optics in my country. The rapid development of the resin material industry. In the next step, Fengya will invest 500 million yuan to build a new material project of fluorene series, which can increase the company's sales revenue by 500 million yuan and profit by 100 million yuan every year.

(3) Oxyfluorene industry chain: Oxyfluorene in washing oil, as a raw material for the production of important fine chemical intermediates, can be used to prepare high-end synthetic resins and new polymer materials. This project belongs to the high-end optical material project.

O-phenylphenol (OPP) prepared from oxyfluorene is widely used as an important new fine chemical product in the fields of bactericidal and antiseptic, surfactant and printing and dyeing auxiliaries. Resin (OPPEA) and environmentally friendly flame retardants (DOPO) of polymer materials have extremely broad application prospects and excellent economic value, and belong to high-end optical material projects. In 2022, 800 million yuan will be invested in the construction of oxygen fluorene deep processing and power station, scientific research pilot test, office area and supporting facilities. It is planned to start construction in July 2022 and trial production in July next year. By then, the company can increase sales revenue by 1 billion yuan and profit by 500 million yuan every year.

(4) Accenaphthene series industry chain: As the raw material of 1,8-naphthalene dicarboxylic anhydride, acenaphthene in the washing oil can be used for the preparation of dyes and the preparation of new special engineering materials. This project is a pioneer in the field of new chemical materials. The "stuck neck" project has applied for its own intellectual property rights.

A new type of special engineering material polyethylene naphthalate (PEN) is prepared by deep processing of acenaphthene. PEN is a new chemical material advocated by my country's 14th Five-Year Plan, but its industrialization technology is in the hands of international chemical giants such as Japan's Teijin, Toray, and British ICI. As an enterprise development reserve project, the PEN project will invest 2 billion yuan in the construction of polyethylene naphthalate and downstream product projects in the next three years, which will increase the company's annual sales revenue by 2 billion and 500 million in profits.

(5) Phthalic anhydride industry chain: Phthalic anhydride, as an important organic chemical intermediate, can be used not only in the manufacture of environmentally friendly plasticizers, resin production, but also in the preparation of new degradable plastics. This project belongs to the comprehensive utilization of carbon dioxide that the state encourages to develop. New material project.

Polypropylene carbonate (PPC), which is copolymerized with phthalic anhydride, carbon dioxide and propylene oxide, is a completely degradable and environmentally friendly plastic, which responds to the national strategic plan of carbon peaking, carbon neutrality and green sustainable development. Polypropylene carbonate has excellent properties, including light transmittance, degradability, high barrier properties and ultra-high foaming ratio, etc. It can replace plexiglass, PVC, PLA and other materials, mainly used in film, medical, food packaging, etc. It has huge market development space.

Polypropylene carbonate (PPC) is an extension of our company's existing product chain. It has a great cost advantage and can consume 50,000 tons of carbon dioxide every year. It is at the forefront of neutralization and carbon peaking.

This project is a fundraising and investment project for the listing of the company. After listing, it plans to invest 1.5 billion yuan to build polypropylene carbonate, integrated logistics, and phthalic anhydride projects. It is planned to start construction in August 2023. By then, the company can increase sales revenue by 1.5 billion and profit by 300 million annually.

In addition, in the Luqiao base, the 300,000-ton/year tar processing, 50,000-ton/year washing oil processing, and 300,000-ton marine fuel oil projects are in process. 200 million profit.

In terms of total economic volume, in the next 3-5 years, Cigna Lixing Group will become a large-scale enterprise with sales revenue exceeding 10 billion yuan and annual profits and taxes exceeding 3 billion yuan.