On December 27, Zhejiang Dinglong Technology Co., Ltd. (abbreviation: Dinglong Technology, 603004) officially landed on the main board of Shanghai, and it rose by more than 111% at the opening. The company's independent R&D capabilities and high-quality customer base give investors great confidence in the company's future development.
Independent research and development of core technologies to build a core customer base
Dinglong Technology is a high-tech enterprise specializing in the research and development, production and sales of fine chemical products, the main products are chemical product intermediates, rich in product variety, according to the downstream application field can be divided into hair dye raw materials, plant protection materials, special engineering materials monomer, etc., mainly used in the production of hair dyes, plant protection products, special engineering plastics, high-performance fibers, etc., widely used in cosmetics, plant protection, automobile, aerospace, military and other industries. As of July 2023, Dinglong Technology has 31 invention patents and 47 utility model patents. At the same time, its research institute has been recognized as "Provincial Enterprise Research Institute" and "Provincial High-tech Enterprise Research and Development Center". In January 2023, Dinglong Technology was also rated as a specialized and special new enterprise.
Since its establishment, Dinglong Technology has been adhering to the development concept of scientific and technological innovation and green environmental protection, and has always been committed to the research and development of high-tech, high value-added, independent innovation of fine chemical products, and actively expand product application fields and cutting-edge technologies in the industry. Relying on advanced technology, refined process management and high-quality products and services, Dinglong Technology has established a good brand image and a high reputation among customers. For the differentiated needs of different customers, Dinglong Technology has launched a variety of products to meet customer needs, which have been widely recognized by downstream customers.
With the above advantages, Dinglong Technology has maintained a high growth rate in performance in recent years. Financial data show that during the reporting period, Dinglong Technology's operating income was 64,359940,000 yuan, 70,117290,000 yuan and 83,076060,000 yuan, net profit attributable to shareholders of the parent company before and after deducting non-recurring gains and losses, whichever is lower, was 8,321190,000 yuan, 9,017470,000 yuan and 15,005910,000 yuan.
Seize the future opportunities and open up a broad market
Fine chemical industry is one of the most dynamic emerging fields in the chemical industry today, and it is the strategic focus of countries around the world to optimize the industrial structure and expand economic benefits. In recent years, China has included the refinement work as the strategic focus of the development, transformation and upgrading of the chemical industry in a number of national plans, and has been strongly supported by policies and funds. According to public information, the total output value of China's fine chemical industry in 2021 will exceed 55 trillion yuan, and it is expected to exceed 11 trillion yuan in 2027.
In view of the important task of industrial transformation and upgrading of fine chemicals in the chemical industry and even the national economy, during the "14th Five-Year Plan" period, the new requirements of "accelerating the development of modern industrial system and promoting the optimization and upgrading of the economic system" have provided rare new opportunities for the field of fine chemicals.
It is worth mentioning that the core business of Dinglong Technology is mainly concentrated in the field of hair dye raw materials, and large well-known enterprises L'Oreal, Henkel, Cotiwina have signed a cooperation framework agreement, the cooperative relationship is lasting and stable, its related products in the aforementioned major customers accounted for about 30%-50% of the share, the market competitiveness is strong, the products are widely recognized by customers, is one of the world's major hair dye raw material manufacturers.
In addition, as one of the major market participants in the field of hair dye raw materials, Dinglong Technology has competitive advantages in terms of technical level, product quality, market development, etc., and is representative of the industry. In the field of plant protection materials, Dinglong Technology has established stable cooperative relations with well-known enterprises such as Combinatorial Chemistry and Arysta. Not only that, Dinglong Technology also attaches great importance to R&D and innovation, based on existing products, and constantly expands the product line, has successfully entered the field of special engineering materials, developed a variety of polyimide and high-performance fiber and other special engineering material monomers, and has established good cooperative relations with customers such as Mitsui Chemicals, and is one of the few manufacturers in China with the ability to independently produce PBO monomers.
For the future, Dinglong Technology said that it will still focus on the research and development, production and sales of fine chemical products. Adhering to the enterprise spirit of "practical, professional, honest and innovative", we adhere to the "green development, quality first".
First, the spirit of the contract, create a win-win "business development concept, market demand-oriented, safety and environmental protection as the cornerstone, technological innovation as the driving force, capital market as the booster principle, based on the existing superior products, further strengthen the development of new products, give full play to the company's clean production, safety and environmental protection, product quality, brand awareness, On the basis of consolidating the leading position in the hair dye raw material industry and the technical advantages of special engineering materials, we will maintain high-end plant protection materials related customers, and focus on expanding high value-added functional chemicals, continue to extend to high-end, large-scale and serialization, and strive to maintain the company's leading position in the downstream segmentation of the fine chemical industry.
In this listing, Dinglong Technology's fund-raising projects are all centered on the company's main business, which is conducive to expanding the company's production scale and enhancing its independent innovation capabilities. After the raised funds are in place, Dinglong Technology will actively promote the construction of the raised funds investment project and strive to achieve the expected benefits as soon as possible.