On September 22, SHHY Membrane Material Technology Group was officially listed on the Shanghai Stock Exchange.
SHHY is a high-tech enterprise specializing in R&D, production and sales of special polymer films. The main polymer film materials are mainly used for supporting the photovoltaic industry in the new energy industry. In this IPO, SHHY intends to raise 600 million yuan for the technical transformation project of an annual output of 170 million square meters of special polymer membranes, supplement working capital and repay bank loans.
From 2017 to 2019, the main business income of Haiyou New Materials was 644 million yuan, 715 million yuan, and 1.063 billion yuan respectively;
SHHY is committed to the research and application of special polymer film materials, and continues to carry out research and development and the transformation of technological achievements in related fields, forming the core of the company's independent 1-1-1111 intellectual property rights. So far, it has obtained 14 invention patents and utility model patents. 67 items and more than 40 invention patents are pending.
Relying on a high-quality R&D team and a scientific management system, SHHY has successfully led the industry including anti-PID EVA film, white synergistic EVA film, multi-layer co-extruded POE film and glass film in the fields of construction and automobile. Industry innovation.
With its outstanding technological innovation, product quality and service, SHHY has established a good brand image and won a high degree of customer recognition. Major customers include downstream head component manufacturers such as JinkoSolar, LONGi, Trina Solar, and Hanwha Q CELLS.
As a component customer packaging adhesive film supplier, SHHY has passed third-party certification including German TUV certification, American UL certification, China CQC certification, Yellow River certification, and has been recognized by major power generation groups.
Transparent EVA film has the highest revenue share for 3 consecutive years
SHHY's main products are thin film products used in the new energy industry. The product structure is mainly encapsulated film such as EVA and POE film, including transparent EVA film, white synergistic EVA film, POE film and other polymer film Wait.
In 2019, the revenue of SHHY transparent EVA film, white synergistic EVA film, POE film and other products were 572 million yuan, 433 million yuan, and 43 million yuan, respectively, accounting for 53.89%, 40.82%, and 4.04%, respectively.