Zhejiang Huaye lands on the Growth Enterprise Market: Looking at China's manufacturing advancement through a 12.5% market share.

On March 27, 2025, Zhejiang Huaye Plastic Machinery Co., Ltd. (hereinafter referred to as "Zhejiang Huaye") was officially listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, with an opening price of 57.15 yuan per share, representing an opening increase of 173.8%. This listing not only marks an important milestone in the development of Zhejiang Huaye but also injects new vitality into the plastic machinery accessories industry.

"Specialized, Refined, Characteristic, and New"Little GiantRefining Record: The Technological Breakthrough Behind Four Consecutive Market Share Championships

Zhejiang Huaye was established in 1994 and is located in Jintang Town, Zhoushan, Zhejiang Province, known as the "Capital of Plastic Machine Screws" in China. The company is mainly engaged in the research, development, production, and sales of core components for plastic molding equipment. Its main products include screws, barrels, and guide pillars, as well as related accessories, which are primarily used in injection molding machines and extruders.

According to the prospectus, Zhejiang Huaye is one of the earlier companies to enter the plastic machinery accessories industry. After more than 30 years of development, the company has relied on its profound technological accumulation and excellent product quality, maintaining the top market share in China for screws and cylinders used in plastic machinery for four consecutive years, reaching 12.5% in 2023. It is a leading manufacturer of customized core components for plastic molding equipment in the industry.

In June 2019, the company was recognized by the Ministry of Industry and Information Technology as one of the first batch of "Specialized, Refined, Special, and Innovative 'Little Giant' Enterprises." From 2023 to 2024, the company was again awarded by the China Plastics Machinery Industry Association as one of the "Top 7 Enterprises in the Plastic Machinery Auxiliary Machines and Supporting Components Industry," being the only enterprise in the field of screw and barrel products to receive this honor.

In addition, Zhejiang Huaye is one of the few manufacturers in China capable of supplying core components for super-large plastic molding equipment, and it is also one of the earliest companies to grow alongside major domestic plastic molding equipment manufacturers, continuously helping Chinese plastic molding equipment manufacturers overcome key technologies.

The dual-cylinder injection compression process developed by it is an industry-leading technology that meets the requirements for high-speed, efficient, and precise injection molding of ultra-large injection molding equipment, achieving independent control over the core components of ultra-large injection machines in China.

Deep Binding Global Top 10ManufacturerBuilding an industrial community

The prospectus shows that Zhejiang Huaye has established long-term stable cooperation relationships with many leading plastic molding equipment manufacturers both domestically and internationally, with overseas clients mainly includingEngelEngelHuskyKraussMaffeiSumitomo Demag), MilacronDavis-StandardThe domestic clients mainly include Yizhiming, Fuqiangxin, Datong Machinery, Haitian International, Tairui Machinery, Huayan Precision Machinery, and Zhenxiong Group.Etc.

Financial data shows that despite a phase adjustment in the industry during the first half of 2022-2023, Zhejiang Huaye effectively resisted risks through product structure optimization and market expansion. In 2024, benefiting from industry recovery and increased downstream demand, the company expects to achieve an operating income of 906.47 million yuan, a year-on-year increase of 23.18%; an estimated net profit attributable to shareholders of the parent company of 92.25 million yuan, a year-on-year increase of 31.24%; and a net profit attributable to owners of the parent company after deducting non-recurring gains and losses of 91.22 million yuan, a year-on-year increase of 37.77%. This demonstrates a strong momentum of performance growth.

The successful listing of Zhejiang Huaye Plastic Machinery Co., Ltd. is an important milestone in the company's development journey. With the support of the capital market, Zhejiang Huaye will accelerate technological innovation and market expansion, continuously enhance its core competitiveness, and provide customers with higher-quality products and services.

5.68%The Trillion-Dollar New Blue Ocean Behind Annual Compound Growth

With the rapid development of the global economy, the plastic machinery industry, as an important pillar of the polymer materials industry, has shown tremendous market potential in various fields. According to data from the Forward Industry Research Institute, from 2023 to 2028, China's plastic machinery industry is expected to grow steadily at a compound annual growth rate of 5.68%, with the market size of plastic processing special equipment expected to exceed 140 billion yuan. This vast market undoubtedly provides Zhejiang Huaye with ample room for development.

According to the national "14th Five-Year Plan" for the development of intelligent manufacturing, the country mainly focuses on the transformation of the manufacturing industry towards intelligence as the basic line. It integrates production requirements such as low carbon and energy saving with this basic line, indirectly providing guidance and planning for the future development of the plastic machinery industry.

The 2025 Government Work Report emphasizes the importance of promoting high-quality development in the manufacturing industry, repeatedly mentioning the keyword "new-type productivity." The aim is to drive the manufacturing sector towards high-end, intelligent, and green development through technological innovation and industrial upgrading. This aligns perfectly with the development strategy of Zhejiang Huaye.

Zhejiang Huaye will actively respond to national policies. With the extensive application of plastic products in downstream industries such as automotive, home appliances, 3C products, packaging, and building materials, the market demand for the plastic machinery industry continues to grow. Huaye seizes the opportunities for industry development, continuously enhances its technological level and innovation capabilities, and contributes to the sustainable development of the plastic machinery industry. At the same time, the company will actively fulfill its social responsibilities and set an example for the industry's green transition and high-quality development.

Mr. Xia Zengfu, Chairman of Zhejiang Huaye, stated: "Zhejiang Huaye's successful listing and entry into the capital market mark another new starting point and opportunity in the company's development journey. We will leverage the capital market to further increase our R&D investment, enhance efficiency through digital empowerment, optimize capacity supply, improve talent development, and comprehensively enhance our core competitiveness. We are committed to making Huaye a leader in the global plastic machinery screw industry and the preferred business partner for our customers!"

Editor: Lily

Source of materials: Zhejiang Huaye, Jingjian News, etc.