Yizhong IPO was successfully registered, and Huatai United Securities helped build the first high-performance fiber in science and technology innovation board

Yizhong IPO was successfully registered, and Huatai United Securities helped build the first high-performance fiber in science and technology innovation board.

Original title: Tongyizhong IPO successfully registered, Huatai United Securities helped build the first high-performance fiber in science and technology innovation board.

Source: China Net Finance

On August 31st, Beijing Tongyizhong New Material Technology Co., Ltd. was registered and approved by China Securities Regulatory Commission, and became the first enterprise to land in science and technology innovation board with high-performance fiber and its products as its main business. Huatai United Securities acted as the sponsor and lead underwriter.

Yizhong, a subsidiary of the State-owned Investment Group, specializes in the business of ultra-high molecular weight polyethylene fiber and its composite materials. It owns the whole industrial chain layout of ultra-high molecular weight polyethylene fiber industry, and is one of the "hard technology" enterprises with distinctive characteristics in science and technology innovation board.

More than 20 years ago, Tongyizhong took the lead in building UHMWPE fiber production line in China, and gradually realized the mass production of UHMWPE fiber. As a result, China broke through the foreign technical blockade and became the fourth country in the world to master a complete set of UHMWPE fiber industrialization technologies. After the completion of fiber research and development, Tongyizhong actively explored the downstream market, and targeted the development of creep-resistant fiber products for the needs of offshore equipment and ship cables, which solved the dilemma of long-term dependence on imports of products in related fields in China. In response to the urgent demand in the field of national defense equipment, bulletproof vests, bulletproof helmets and other products designed and developed by Tongyizhong have been equipped with armed police and army troops in batches, and have been exported to many countries as important military trade materials.

During the preparation for listing and auditing, Huatai United Securities assisted Tongyizhong to continuously establish and improve the internal control system of modern enterprises in the process of restructuring, restructuring, reporting and auditing according to the relevant requirements of science and technology innovation board, which effectively improved the governance and management level and laid a good foundation for the company's long-term development. Through the fund raised in science and technology innovation board this time, Tongyi will continue to strengthen the research and development of high-performance fiber and advanced composite technology, and focus on tackling key problems in areas such as low creep ultra-high molecular weight fiber, armor materials and equipment that are urgently needed in relevant national fields.

As the sponsor and lead underwriter of Tongyizhong listed in science and technology innovation board, Huatai United Securities gives full play to its professional advantages and innovative ability. In the process of listing review, Huatai United Securities adheres to the concept of information disclosure-centered registration system, taking into account the factors of information disclosure and state commercial secrets, and assists Tongyizhong in exempting some information from disclosure. At the same time, combined with the specific situation that Tongyizhong won the National Science and Technology Progress Award and the process of realizing import substitution, it carried out a detailed, full and rigorous demonstration, fully explained and disclosed the core highlights and "hard technology" attributes of the enterprise, and escorted Tongyizhong's efficient landing in science and technology innovation board and becoming the first high-performance fiber in science and technology innovation board.