On August 24, the Growth Enterprise Market ushered in a historic moment. The first batch of 18 companies that were reformed and piloted the registration system were listed on the stock market. One of the leading companies in the domestic polypropylene filament industry is our company, Montetech High-tech, as a member of these 18 companies.

▲Witnessed by provincial and ministerial leaders, our chairman Guo Qinghai signed the "Securities Listing Agreement"

▲The Shenzhen Stock Exchange presented the Mengtai High-tech listed souvenir business cow, and the China Clearing Corporation presented the "Securities Registration Certificate"

Bell ringing ceremony

Then we entered the climax of this listing ceremony. Under the witness of the on-site personnel and the national audience, the guest representatives jointly rang the bell of the opening ceremony!

With the crisp bell ringing, Modern High-tech officially set sail in the A-share capital market and became one of the first listed companies in the Shenzhen Stock Exchange's GEM registration system.

The issue price of Mengtai High-tech was 20.09 yuan/share, which opened at 59 yuan/share and closed at 60.55 yuan/share, a 201.39% increase.

About Modern

Guangdong Modern High-tech Fiber Co., Ltd. (Mengtai High-tech) was established in 2013 and is located in Jieyang City, Guangdong Province. It is a high-tech enterprise specializing in the research and development, production and sales of polypropylene fibers. In recent three years, Modern High-tech has been among the best in the domestic polypropylene filament industry in terms of output and market share. Although the total output of polypropylene fiber only accounts for a small part of the total output of chemical fiber, it belongs to a small variety of chemical fiber, but Modern High-tech has always been committed to promoting the sustainable development of the polypropylene fiber industry. Its products are used in industrial fields such as industrial filter cloth and geotextile, as well as luggage webbing and water pipes. Cloth covers, door and window tops, clothing and other civilian fields are widely used, and gradually become the leading enterprises in the polypropylene filament industry, with more than a thousand customers.

Guo Qinghai, the founder, chairman and general manager of Modern High-tech, graduated from China Textile University (now Donghua University) in 1992, majoring in chemical fiber, with a graduation project specializing in polypropylene conductive fiber. After graduating in 1992, he entered a Sino-foreign joint polypropylene enterprise in Zhongshan, Guangdong. In 1993, he returned to his hometown and founded Jieyang Yuehai Chemical Fiber Co., Ltd. and Jieyang Zhonghai Chemical Fiber Co., Ltd., engaged in the operation of polypropylene fiber-related businesses, and accumulated rich technology, production experience and customers in the field of polypropylene filament Resources, cultivating the polypropylene fiber industry for nearly 30 years, has witnessed the development history of China's polypropylene fiber industry.

Since its establishment in 2013, Montai High-tech has undertaken the business of Yuehai Chemical Fiber and China Overseas Chemical Fiber. In the process of development, Modern High-tech has attached great importance to R&D investment. In the past three years, it has invested 10.6039 million yuan, 11.2716 million yuan and 13.1592 million yuan in R&D funds respectively, and the scale of R&D investment continues to grow. In terms of R&D institution setting, establish a R&D center with masterbatch department, comprehensive department, R&D department, etc., whose functions include the development and application of new technologies, new products, new processes, and new materials, and establishment of a platform for cooperation in production, learning, and research. Wait. In terms of the R&D system, a series of systems such as the "Science and Technology Achievement Management and Incentive System", "Scientific and Technological Personnel Learning and Training System", "Excellent Talent Introduction System", and "Technical Personnel Performance Evaluation System" have been established to strengthen R&D team building and improve R&D personnel Technical ability and passion for innovation.

After continuous accumulation, it has formed a technical system with its own characteristics, mastered a number of core technologies with independent intellectual property rights, and carried out industry-university-research exchanges and cooperation around customer needs, fully mobilized all parties’ innovative resources, and improved its own R&D capabilities and technologies Level. With good product development and design and sophisticated manufacturing technology, the company quickly built market awareness and brand influence. At present, Mengtai High-tech has been recognized as a national functional polypropylene fiber production base, a national intellectual property advantage enterprise, Guangdong Polypropylene Fiber New Material Engineering Technology Research Center, a provincial enterprise technology center, and an innovative industry for small and medium-sized enterprises in Guangdong Province Chemical Demonstration Base, China Chemical Fiber Industry Association's new product research and development and promotion of innovative enterprises, etc., and has established a stable industry-university-research cooperation relationship with Donghua University, Guangdong University of Technology, Shantou University and other institutions of higher learning.

In the future, the company will further expand its production capacity, optimize production processes, and improve efficiency based on core technology and product innovation research and development. At the same time, the company will rely on its existing quality control system and brand image to further consolidate existing advantages and enhance product competitiveness.

Focus on polypropylene

The reason why Modern Hi-tech can dig a deeper and wider moat in the fierce competition is that it relies on its rich product variety and excellent quality.

After continuous investment and efforts in scientific and technological innovation, Montai High-tech has achieved a series of innovative results. On the one hand, it continuously improves the strength of differentiated polypropylene fibers such as high-strength, low-shrinkage, high-strength, high-strength and high-breaking elongation. The diameter limit of fine denier and other polypropylene fibers; on the other hand, it has developed a special-shaped cross-section, antibacterial and mildew-proof, luminous, far-infrared, flame-retardant, anti-static, anti-ultraviolet aging, conductive, anti-seawater aging, photosensitive, temperature-sensitive, Polypropylene with special functions such as phase-change energy storage, anti-counterfeiting, light-to-orange, and luminous red.

While making good use of the inherent advantages of polypropylene fiber, such as light weight, high strength, acid and alkali resistance, and non-absorption, Mengtai High-tech continues to creatively endow polypropylene fiber with new functions, thereby continuously exploring new fields and new markets for polypropylene fiber applications. In the field of functional textiles, it uses ultra-fine denier polypropylene, far-infrared ultra-fine denier polypropylene and other fibers to be blended with other fibers to develop a variety of functional fabrics, which can be applied to functional clothing such as quick-drying clothes and health underwear. At the same time, Modern High-tech is advancing the development of sea-island structure composite polypropylene fiber and applying it to lithium batteries. The PP/PET composite fiber with sea-island structure can be woven and compounded to obtain a non-woven fabric with nano-scale micropores. , Can be made into a composite high-performance diaphragm with high porosity, low internal resistance and high safety, which is of great significance for improving the endurance, life and safety of lithium batteries.

In addition, Modern High-tech follows the fashion trends, through color formulas and structural creativity, making the color and gloss of polypropylene change endlessly, continuously meeting downstream creative needs. It is worth mentioning that in the past three years, Modern Hi-tech "Mengtaisi" brand fine denier antibacterial polypropylene fiber, high-strength low-shrinkage polypropylene industrial yarn and dope-colored PE/PP sheath-core composite fiber have all been selected as "China Fiber Trends" ".

Through specialized transformation of advanced production equipment, Modern High-tech has realized the transition from "two-step method" to "one-step method", adapted to the R&D and production of high-performance and differentiated polypropylene filaments, and improved production efficiency, product performance and product quality. In addition, it has also mastered the production method of high-strength and low-shrinkage polypropylene filament, the manufacturing method of ultra-fine denier polypropylene DTY practical fiber, the polypropylene masterbatch melt injection coloring method, the masterbatch automatic injection technology, the functional masterbatch automatic injection technology, New technologies such as the improvement of polypropylene masterbatch production technology have helped improve product quality.

Ride the wind

The polypropylene industry has a relatively high degree of marketization. From a global perspective, the polypropylene industry is mainly concentrated in Western Europe, China, the United States, and Japan. At present, domestic enterprises of conventional polypropylene products have a competitive price advantage, but in terms of differentiated products, the technical level and R&D strength of polypropylene enterprises such as Europe, America and Japan are overall ahead of China. Guo Qinghai said frankly that Muntai High-tech's listing on the Growth Enterprise Market is precisely hoping to use the power of capital to grow, so as to be able to compete with international standards in the future.

Modern High-tech is listed on the GEM this time. Its fundraising will be used for the expansion project of annual production of 23,000 tons of polypropylene fiber and the construction of R&D center. It is the expansion and extension of the company’s existing business. The company's production scale, enhance the company's core competitiveness, increase profitability, and achieve the company's development strategy goals are of great significance.

Based on the company’s current technical level, production experience and customer resources, the "Annual Production Capacity Expansion Project of 23,000 Tons of Polypropylene Fiber", combined with the needs of future market development, will expand the production capacity of existing polypropylene fiber products, which will help to give full play to the company. Experience advantages in the polypropylene field, and further enhance the company’s existing product technology level, expand and enrich the company’s existing product line, expand the scale of operations, meet the growing market demand, and improve the company’s overall competitiveness and profitability; "R&D Center "Construction project" means that the company builds a new high-standard R&D center based on the existing core technology and technology of polypropylene fiber production, as well as talent reserves, combined with the needs of future market development. By integrating the company's existing scientific and technological research and development capabilities, adding advanced testing and testing equipment, and introducing excellent technical personnel, the company will further improve its research and development system and enhance its independent innovation capabilities.

Carry on the past

▲Guo Qinghai, Chairman of Modern High-tech

Thanks to the deepening reform of the capital market and the implementation of the ChiNext registration system, Montetech (300876) ushered in new development opportunities. Coinciding with the 40th anniversary of the establishment of the Shenzhen Special Economic Zone, we deeply felt the innovation, efficiency and vitality driven by the reform of the system and mechanism. I wish Shenzhen a new journey and wish the ChiNext a new height.

Modern High-tech is a company specializing in the research and development, production and sales of polypropylene fiber. We always seek development through innovation, and develop a major business with professionalism. We aim at new products with large market capacity, technical expertise and high added value, and we have achieved good results in the market. The economic benefits and wide-ranging industry influence. Today, Modern High-tech has successfully listed on the Growth Enterprise Market. By leveraging the capital market, the company's development will enter the fast lane with stability and long-term development.