Shanxi Huayang New Materials Co., Ltd. (hereinafter referred to as "Huayang New Materials", stock code: 600281) was formerly known as Taiyuan Chemical Industry Co., Ltd. On February 26, 1999, Taihua Group established Taiyuan Chemical Co., Ltd. with its subordinate assets such as fertilizer plant, chemical plant and coking plant. On November 9, 2000, it was listed on the Shanghai Stock Exchange and publicly issued 105 million RMB ordinary shares. The total share capital of Huayang New Materials is 514 million shares, and Taihua Group holds 224 million shares, accounting for 43.48% of the company's total share capital.
There are 38 employees in the company's headquarters, and there are four internal organizations, namely, comprehensive management department, planning and finance department, securities affairs department and risk control and operation management department. There are three wholly-owned subsidiaries of Shanxi Huayang Biodegradable New Materials Co., Ltd., Taiyuan Huasheng Feng Precious Metals Co., Ltd. and Taiyuan Taihua Energy Technology Co., Ltd. and one branch of the sales company, which are mainly engaged in the production, sales and technical services of PBAT and modified products, precious metal catalytic networks, as well as resale electricity management and charging piles.
In October, 2020, Yangmei Group, the actual controller of the company, was renamed Huayang New Materials Technology Co., Ltd., which was transformed for the new materials industry and made every effort to build a "rocket-class" high-tech new materials industry group. Huayang New Materials adjusted its strategic direction in an all-round way, and completed the change of enterprise name and securities abbreviation in June and September 2021 respectively, so as to determine the positioning of the capital platform of the new materials industry. Focusing on the overall goal of "building a listed enterprise with a market value of 10 billion yuan in three years", Huayang New Materials will take the whole chain biodegradable new materials industry and precious metal processing business as the leading industries, and take PBAT independent project construction and merger and reorganization as the main path, and make a good industrial layout, strengthen the listing platform, do fine internal control management, do a good job in cadre team, and do a solid party building leadership, so as to send out the voice that Huayang New Materials will enter the new materials field to the outside world.
