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Zhejiang Huaye's listing on the ChiNext board leads the new development of core components for plastic machinery

Polywind Plastic Network 2025-03-28 14:17:41

On March 27, 2025, Zhejiang Huaye Plastic Machinery Co., Ltd. (referred to as "Zhejiang Huaye", stock code: 301616) officially listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, marking the company's new journey in the capital market and highlighting its outstanding achievements in the plastic machinery field.

Corporate Overview and Listing Performance

Zhejiang Huaye was founded in 1994 and is located in Jin Tang Town, Zhoushan City, Zhejiang Province. This area enjoys the reputation of being the "Capital of Screw Machinery" in China, concentrating over 75% of the nation's screw manufacturing capacity. The company specializes in the plastic machinery accessory industry, focusing on the research, production, and sales of core components for plastic forming equipment, with its main products including screws, barrels, ejector rods, and related accessories, which are applied in devices such as injection molding machines and extruders.

On its first day of listing, Zhejiang Huaye opened at 57.15 yuan per share, a 173.84% increase from the issue price of 20.87 yuan per share. The intraday peak surge exceeded 200%, reflecting extremely high market recognition from the capital markets.

Industry Position and Technological Advantages

Zhejiang Huaye is a leading enterprise in the field of core components for plastic molding equipment in China, possessing multiple core technologies such as "multi-axis linkage screw polishing technology" and "barrel screw wear-resistant layer manufacturing technology," with outstanding product performance. From 2020 to 2023, the company's domestic market share for screws and barrels steadily increased from 8% to 12.5%, ranking first in the industry for four consecutive years.

The company focuses on research and development innovation, with R&D investment increasing year by year in 2021 and the first half of 2024. As of June 30, 2024, it has obtained 15 invention patents and 110 utility model patents. With its strong technological accumulation and innovative capabilities, Zhejiang Huaye has successfully broken the foreign technology monopoly, achieving large-scale supply of core components for ultra-large plastic molding equipment.

Market Performance and Global Layout

Zhejiang Huaye's products not only supply the domestic market but are also exported to countries and regions such as Canada, the United States, Germany, India, Japan, etc. The company has established long-term stable cooperative relationships with international renowned plastic molding equipment manufacturers such as Engel, Husky, and KraussMaffei, as well as leading domestic enterprises like Yizhimi and Haitian International.

In 2024, the company's revenue reached 892 million yuan, with a net profit of 93.6962 million yuan, showing strong growth momentum. With the expansion of the global plastic machinery market and the acceleration of exports of domestic plastic machinery equipment, Zhejiang Huaye, as a core component supplier, will directly benefit from the industry's growth.

Future Prospects

By leveraging the capital market, Zhejiang Huaye will increase R&D investment, enhance efficiency through digital empowerment, optimize capacity supply, improve talent echelon construction, and comprehensively upgrade its core competitiveness. The company is committed to becoming a globally leading manufacturer of core components for plastic molding equipment, contributing its own strength to the development of new quality productive forces.

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Zhejiang Huaye's listing on the ChiNext board leads the new development of core components for plastic machinery

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