This report is from the Financial Xiaoer: November 6, Anhui Yuanchen Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Yuanchen Environmental Protection" or "the Company") was approved by the Listing Committee of SSE on November 6, and will be listed on the Science and Technology Venture Board of SSE. The company's initial public offering of A shares will not exceed 40.00 million shares, accounting for 25.00% of the total share capital after issuance. According to the prospectus, Yuanchen Environmental Protection intends to raise 300,000.00 million yuan, the funds raised will be used for the industrialization of high performance dust filter media with an annual output of 4.6 million square meters, supplementing working capital and other projects.
The main products are various kinds of high temperature and corrosion resistant filter bags and SCR denitrification catalysts, which are mainly used in industries and fields such as electric power, steel and coking, waste incineration, cement and glass.
It is understood that since its establishment, Yuanchen Environmental Protection has always been based on the national strategy, establishing the global professional brand of "Yuanchen Technology", abiding by the business philosophy of "full quality, full marketing, full accounting and full service", and taking "contributing to the We insist on "scientific and technological innovation, product innovation, concept innovation", actively participate in global market competition, seize new products, technologies and materials for energy saving and environmental protection at home and abroad, and become the innovator, promoter, integrator and leader in the field of filtration materials and flue gas purification. Integrator and leader in the field of filtration materials and flue gas purification.
After years of business management effectiveness, Yuanchen Environmental Protection has won wide recognition from customers and peers. Up to now, Yuanchen environmental protection filter bag products have been successfully applied to many domestic power companies with installed capacity of 1000MW and above units to achieve ultra-clean emissions in the field of electric bag or bag type dust removal; the company's lime kiln catalyst has successfully achieved the first set of applications in China, and exports have reached ultra-clean emissions; China Industrial Textile Industry Association issued a certificate, 2017-2019 in the domestic high temperature filtration materials industry ranking top five and ranked first in Anhui Province.
In the future, Yuanchen Environmental will be market-oriented, customer-oriented, centered on improving operational performance and economic efficiency, leading the company's development with R&D innovation, lean management, supported by departments and positions, and integrating the knowledge, skills and relevant resources of the company through technological progress. We will also take this issue as an opportunity to realize the enhancement of the added value of our existing products and the industrialization of new products, develop new green and low-carbon products, and become a flagship brand in China's environmental protection industry through the implementation of the industrialization project of high-performance dust removal filter media, the construction project of medical protective products R&D and industrialization, and the replenishment of working capital.
