HFHT can produce more than 300 modified plastics, and its customers cover well-known enterprises in the field of home appliances, automobiles, and 5G communications, including Midea, TCL, FAW-Volkswagen, FAW Toyota, Huawei, Foxconn, etc. It is one of the few domestic companies with an annual output of more than 100,000 tons of modified plastics. In 2019, its main business income is close to 4 billion yuan, a year-on-year increase of 116%.
HFHT holds 33 invention patents, 24 utility model patents, 19 products have been certified as international advanced or domestic leading level by authoritative organizations, and have been invited to participate in the drafting and revision of 9 national standards and 1 industry standard, as well as "national "Enterprise Technology Center" and "National Intellectual Property Advantage Enterprise" honors.
Secondly, HFHT is backed by Midea, and its high-end route in the field of home appliances has been a great success:
As household appliances become thinner and lighter, manufacturers have higher requirements for the rigidity and toughness of the plastics used. HFHT launched the first generation of "glass fiber reinforced high black highlight PC/ABS products" in 2012. "Glass fiber reinforced" can improve the rigidity and toughness of plastics. In 2015 and 2018, this product was upgraded successively. Used in high-end home appliance products of Hisense, Skyworth and TCL.
Huitong New Material's easy-to-clean and anti-fouling modified plastics mainly focus on the mid-to-high-end products in the field of small household appliances, which are favored by customers. The second generation of easy-to-clean modified plastics, which is currently iteratively improved, is planned to face the field of bathroom and air-conditioning, and its high-end layout will be another city.
It can be seen that the demand for modified plastics in the automotive field will far exceed the field of household appliances in the future, and the "300,000-ton capacity project" will help HFHT respond more easily to the outbreak of market demand.
HFHT is aiming at the demand for lightweight vehicles, and is increasing the investment in research and development of lightweight modified plastic technology. In 2019, its research and development costs for "lightweight and low-shrinkage materials" rank first among all R&D projects. Prior to this, Huitong New Materials has also developed a number of lightweight modified plastics, and has won orders from many well-known car companies.
For example, its self-developed "high-performance, good surface PA6 modified plastics" can be used to "replace steel with plastics" in automotive interior parts. It is currently used in Honda Corona, Toyota Camry, Dongfeng Honda UR-V and other models There is also the "closed-mold micro-foam material" developed by it. While maintaining the same appearance, the weight is significantly reduced, and it has successfully entered the Great Wall Haval model.
In addition, HFHT also reserves a number of lightweight modified plastic technologies, including "high fatigue long glass fiber reinforced material technology" can greatly improve the fatigue resistance of modified plastics, after the successful trial production of related products can replace metals to prepare automobile dashboards The beam has now entered the component testing stage in Shanghai Yanfeng.
HFHT has launched an impact on the high-end market monopolized by foreign giants: in the field of home appliances, its high-end technology has accumulated, and it has acquired Guangdong Yuanrong at the forefront and plans to build a 300,000-ton capacity project at the rear, with the intention of expanding its scale operations; looking at the next ten years, The high-end market in the automotive sector has a brighter prospect. It decides to take the lead in production capacity and follow-up assistance with lightweight modified plastic technology.