We are a fine chemical materials supplier which produces and sells cement admixture, concrete admixtureand their respective upstream raw materials. Leveraging ourR&D endeavours and capabilities, we also provide technical support to our customers relating to theproducts provided by us. According to Frost & Sullivan, we ranked first in the PRC in terms of bothsales volume and revenue of cement admixtures in FY2023, with a market share of approximately28.3% and 32.3%, respectively (in particular, we ranked first in the PRC in terms of sales volume andrevenue of cement grinding aids 1 in FY2023, with a market share of approximately34.6% and 34.1%, respectively). Our sales volume of concrete admixtures accounted for approximately0.8% of the total sales volume of concrete admixtures in the PRC in FY2023, whereas our revenue ofconcrete admixtures accounted for approximately 0.6% of the total revenue of concrete admixtures inthe PRC in FY2023. Our sales volume of processed alcohol amines accounted for approximately 4.7%of the total sales volume of processed alcohol amines in the PRC in FY2023, whereas our revenue ofprocessed alcohol amines accounted for approximately 3.9% of the total revenue of processed alcoholamines in the PRC in FY2023. Our sales volume of polyether monomers accounted for approximately0.9% of the total sales volume of polyether monomers in the PRC in FY2023, whereas our revenue ofpolyether monomers accounted for approximately 1.0% of the total revenue of polyether monomers inthe PRC in FY2023. We were established by Conch Holdings, a Fortune China 500 company that ranksthe 135th in 2024, to explore the fine chemical materials market as a key enterprise with a fullindustrial spectrum of abilities to achieve energy conservation and efficiency improvement for thecement and concrete industry.
Our history can be traced back to 2018 when our Predecessor Company was established andsubsequently began its business of production of cement and concrete admixture industry through theacquisition of Shandong Hongyi (currently known as Linyi Conch) and its subsidiary (i.e. GuizhouConch) in 2018, and further acquisition of Meishan Conch and Xiangyang Conch in the same year,which was facilitated by a cooperation agreement entered into between our Predecessor Company andHubei Xintongling. Before these acquisitions, Shandong Hongyi and Xintongling Group did not haveany business relationship with our Controlling Shareholders and its subsidiaries and associates.
During the Track Record Period, we mainly sold cement admixture and concrete admixture,and their respective in-process intermediaries, namely, processed alcohol amine, polyethermonomers and polycarboxylic acid mother liquor in the PRC. Respective in-processintermediaries of cement and concrete admixtures also serve as raw materials in the production ofcement and concrete admixtures. As at 30 June 2024, we mainly sold our products under the brandtrademarks of “
” and “
”, which have strong brand influence and are highlyattractive to customers.
For FY2021, FY2022, FY2023 and 6M2024, our revenue derived from cement admixture and itsrespective in-process intermediaries was RMB1,449.6 million, RMB1,357.8 million, RMB1,427.7million and RMB618.4 million respectively, accounting for 94.3%, 73.8%, 59.6% and 56.0% of ourtotal revenue in the same year/period. For FY2021, FY2022, FY2023 and 6M2024, our revenue derivedfrom concrete admixture and its respective in-process intermediaries was RMB84.8 million, RMB460.4million, RMB962.5 million and RMB482.7 million respectively, accounting for 5.5%, 25.1%, 40.2%and 43.7% of our total revenue in the same year/period.
We have a nationwide presence owing to our 11 production facilities located across the PRC. Ourproduction facilities are each equipped with its own technical team and sales team. Our productionfacilities are located in Ningbo of Zhejiang Province, Linyi of Shandong Province, Guigang of GuangxiZhuang Autonomous Region, Qiannan Buyi and Miao Autonomous Prefecture of Guizhou Province,Meishan of Sichuan Province, Tongling of Anhui Province, Xiangyang of Hubei Province, Xianyang ofShaanxi Province, Haidong of Qinghai Province, Kunming of Yunnan Province and Huludao ofLiaoning Province, and had a total GFA of 123,950.22 m2 as at the Latest Practicable Date.
In order to promote our business growth, our R&D efforts focus on developing new products andnew applications and improving production technologies to diversify our product portfolio and improveproduction efficiency. Our widely recognized R&D efforts have won us a number of awards andrecognitions. In particular, we were awarded by State Council State-owned Enterprise Reform LeadingGroup* “Scientific Reform Demonstration Enterprise* ” with a top ranking consecutively in 2022 and 2023. Further, we were awarded by China BuildingMaterials Enterprise Management Association the “China’s Top 100Innovative Building Materials Enterprises in 2022”, “China’s Top 100 Building Materials Enterpriseswith the Most Growth Potential in China in 2022” and “China’s 2022 Harmonious Building MaterialsEnterprises” in 2022.
We are a fine chemical materials supplier which produces and sells cement admixture, concrete admixtureand their respective upstream raw materials. Leveraging ourR&D endeavours and capabilities, we also provide technical support to our customers relating to theproducts provided by us. According to Frost & Sullivan, we ranked first in the PRC in terms of bothsales volume and revenue of cement admixtures in FY2023, with a market share of approximately28.3% and 32.3%, respectively (in particular, we ranked first in the PRC in terms of sales volume andrevenue of cement grinding aids 1 in FY2023, with a market share of approximately34.6% and 34.1%, respectively). Our sales volume of concrete admixtures accounted for approximately0.8% of the total sales volume of concrete admixtures in the PRC in FY2023, whereas our revenue ofconcrete admixtures accounted for approximately 0.6% of the total revenue of concrete admixtures inthe PRC in FY2023. Our sales volume of processed alcohol amines accounted for approximately 4.7%of the total sales volume of processed alcohol amines in the PRC in FY2023, whereas our revenue ofprocessed alcohol amines accounted for approximately 3.9% of the total revenue of processed alcoholamines in the PRC in FY2023. Our sales volume of polyether monomers accounted for approximately0.9% of the total sales volume of polyether monomers in the PRC in FY2023, whereas our revenue ofpolyether monomers accounted for approximately 1.0% of the total revenue of polyether monomers inthe PRC in FY2023. We were established by Conch Holdings, a Fortune China 500 company that ranksthe 135th in 2024, to explore the fine chemical materials market as a key enterprise with a fullindustrial spectrum of abilities to achieve energy conservation and efficiency improvement for thecement and concrete industry.
Our history can be traced back to 2018 when our Predecessor Company was established andsubsequently began its business of production of cement and concrete admixture industry through theacquisition of Shandong Hongyi (currently known as Linyi Conch) and its subsidiary (i.e. GuizhouConch) in 2018, and further acquisition of Meishan Conch and Xiangyang Conch in the same year,which was facilitated by a cooperation agreement entered into between our Predecessor Company andHubei Xintongling. Before these acquisitions, Shandong Hongyi and Xintongling Group did not haveany business relationship with our Controlling Shareholders and its subsidiaries and associates.
During the Track Record Period, we mainly sold cement admixture and concrete admixture,and their respective in-process intermediaries, namely, processed alcohol amine, polyethermonomers and polycarboxylic acid mother liquor in the PRC. Respective in-processintermediaries of cement and concrete admixtures also serve as raw materials in the production ofcement and concrete admixtures. As at 30 June 2024, we mainly sold our products under the brandtrademarks of “ ” and “ ”, which have strong brand influence and are highlyattractive to customers.
For FY2021, FY2022, FY2023 and 6M2024, our revenue derived from cement admixture and itsrespective in-process intermediaries was RMB1,449.6 million, RMB1,357.8 million, RMB1,427.7million and RMB618.4 million respectively, accounting for 94.3%, 73.8%, 59.6% and 56.0% of ourtotal revenue in the same year/period. For FY2021, FY2022, FY2023 and 6M2024, our revenue derivedfrom concrete admixture and its respective in-process intermediaries was RMB84.8 million, RMB460.4million, RMB962.5 million and RMB482.7 million respectively, accounting for 5.5%, 25.1%, 40.2%and 43.7% of our total revenue in the same year/period.
We have a nationwide presence owing to our 11 production facilities located across the PRC. Ourproduction facilities are each equipped with its own technical team and sales team. Our productionfacilities are located in Ningbo of Zhejiang Province, Linyi of Shandong Province, Guigang of GuangxiZhuang Autonomous Region, Qiannan Buyi and Miao Autonomous Prefecture of Guizhou Province,Meishan of Sichuan Province, Tongling of Anhui Province, Xiangyang of Hubei Province, Xianyang ofShaanxi Province, Haidong of Qinghai Province, Kunming of Yunnan Province and Huludao ofLiaoning Province, and had a total GFA of 123,950.22 m2 as at the Latest Practicable Date.
In order to promote our business growth, our R&D efforts focus on developing new products andnew applications and improving production technologies to diversify our product portfolio and improveproduction efficiency. Our widely recognized R&D efforts have won us a number of awards andrecognitions. In particular, we were awarded by State Council State-owned Enterprise Reform LeadingGroup* “Scientific Reform Demonstration Enterprise* ” with a top ranking consecutively in 2022 and 2023. Further, we were awarded by China BuildingMaterials Enterprise Management Association the “China’s Top 100Innovative Building Materials Enterprises in 2022”, “China’s Top 100 Building Materials Enterpriseswith the Most Growth Potential in China in 2022” and “China’s 2022 Harmonious Building MaterialsEnterprises” in 2022.
