On August 21, NBCH Polymer Technology Group, a leading high-tech enterprise in the thermoplastic elastomer industry in China, made its debut on the Shanghai Stock Exchange and officially landed in the capital market.
Boost domestic substitution of thermoplastic elastomers
NBCH was established in 2012, and has continued to cultivate the styrene-based thermoplastic elastomer (TPES) industry since its establishment. TPES is known as the "third-generation rubber" after natural rubber and synthetic rubber. It combines the dual performance and broad characteristics of rubber and thermoplastics. It is a key product in the "13th Five-Year Plan" for China's new materials industry. As a leading enterprise in the TPES industry, NBCH has achieved the full chain coverage of TPES research and development, production and sales, and through independent research and development, it has continuously improved the research and development capabilities of the full range of TPES products. A large number of technical achievements have been made on SEPS.
NBCH's TPES production technology is at the advanced level in the same industry. Relying on stable and good product quality, the company's brand awareness has been continuously improved, and it has established long-term stable cooperative relations with major upstream and downstream high-quality customers and suppliers. The prospectus shows that from 2017 to 2019, Changhong Hi-Tech's operating income was 491 million yuan, 1.021 billion yuan and 1.157 billion yuan, respectively, which is in a rapid development stage.
At present, China's thermoplastic elastomer market consumption accounts for about 36% of the total global consumption, and it is a country with faster growth in the world. But at the same time, the development of the thermoplastic elastomer material industry is relatively unbalanced on a global scale. The thermoplastic elastomer industry in developed countries in Europe and the United States and Taiwan of China is relatively mature, occupying the high-end market of the industry. Relatively speaking, China's TPES products are relatively mature in the fields of SBS and SIS, but the hydrogenation products of TPES products, SEBS and SEPS, have high technical barriers. Currently, only a few companies with strong R&D capabilities such as ZGSH Petrochemical Technology Group and NBCH The company has R&D and production capabilities.
In recent years, NBCH has continuously expanded its production scale, improved the level of technological research, and enhanced its overall competitiveness through continuous investment in capital, talents, technology and other aspects, helping the trend of domestic substitution of TPES products. At present, the company has 7 patents, including 2 authorized invention patents and 5 utility model patents, all of which are within the validity period of legal protection. At the same time, the company has successfully developed advanced technologies such as selective hydrogenation technology and deionization technology in the development of SEPS, and its technical strength has been continuously improved.
NBCH focuses on market development and changes, and on the basis of continuously enriching and improving the existing SBS and SEBS product series, accelerates the construction of SEPS production capacity, promotes the development of China's SEPS industrialization, and strives to realize the development and production of the full range of TPES products And sales capabilities to provide high-performance, high-value-added environmentally-friendly new materials for the implementation of the Healthy China strategy and the construction of a beautiful China to replace traditional low-end, low-environmental performance materials.
The prospectus shows that the funds raised from NBCH’s public offering will be used to invest 20,000 tons/year of hydrogenated styrene-isoprene-styrene thermoplastic elastomer (SEPS) technical transformation projects and 250,000 tons/year of solution The second phase of SBR expansion project. The company said that the construction of the above-mentioned projects will help the company improve its industrial and business structure, exert economies of scale, and enhance its comprehensive competitiveness.
Due to the particularity of thermoplastic elastomer products, NBCH's downstream customer needs have a strong diversity and variability, with a wide range of products and fast updating. Therefore, the level, efficiency, and marketability of R&D and design will directly affect the company's operating efficiency and operating results. As the company's fund-raising projects are completed and put into production, it will effectively enhance the scale advantages and in-depth development capabilities of NBCH.
Tao Chunfeng said that NBCH will increase the layout of downstream industries in the future development, and realize the replacement of traditional rubber products in new fields such as medical and health, plastic runways, artificial turf, walking paths, carpets, and waterproof membranes. The development of basic high-tech new materials is the cornerstone, and we focus on the industrial expansion of the product terminal application field.