Huifont Technology (301601.SZ), a provider of overall technical solutions for high-end equipment and products in the field of chemical engineering, plans to make its initial public offering of 35.12 million shares.

Huitong Technology (301601.SZ) disclosed its prospectus for IPO, with a plan to publicly issue 35.12 million shares for the first time. The preliminary inquiry time is December 31, 2024, and the subscription date is January 6, 2025. The announcement disclosed that the company is a professional provider of overall technical solutions for high-end chemical engineering equipment and products. It mainly engages in equipment manufacturing, design consulting, and engineering general contracting in the fields of polymer materials and hydrogen peroxide production, serving enterprises producing high-performance nylon (PA66), bio-based nylon (PA56), biodegradable materials (PBAT/PBS), polyester (PET), and hydrogen peroxide. The company has a Grade A qualification in chemical engineering industry professional engineering design, and possesses comprehensive technical service capabilities from design, main equipment manufacturing to plant commissioning. The net profit attributable to the owners of the parent company for the years 2021 to 2023 were 85.1498 million yuan, 131 million yuan, and 98.7081 million yuan, respectively. It is reported that the funds raised this time are planned to be used for the intelligent upgrade and technological transformation project of high-end chemical equipment production line, and the Technology R&D Center (Huitong Research Institute) project, with an expected investment of 402 million yuan.