New stock news | Ronglian Recycling Technology has submitted an application to the Hong Kong Stock Exchange GEM to provide customers with recycled MMA and PMMA sheets.

According to the disclosure by the Hong Kong Stock Exchange on February 21st, Ronglian Regeneration Technology International Limited ("Ronglian Regeneration Technology") has submitted an application to the Hong Kong Stock Exchange GEM, with Central China International Financing Limited as its exclusive sponsor. Established in March 2017, the company is a leading manufacturer of recycled acrylic products in China, mainly engaged in the research and production of recycled acrylic materials. The company provides customers with recycled MMA and PMMA sheets, and is committed to promoting the use of renewable resources to drive the development of a circular economy. According to data from Frost & Sullivan, as of the fiscal year ending December 31, 2023, based on recycled MMA production capacity, the company ranks first in China. The company has been recognized as a "high-tech enterprise" since 2020. The company's research and development projects in the field of acrylic recycling and reuse technology have also helped the company be designated as the Jiujiang Engineering Technology Research Center and the Jiangxi Provincial Enterprise Technology Center in June 2023 and December 2023 respectively. The company's main strengths lie in its expertise in recycling technology (including 7 invention patents and 19 utility model patents) and its ability to recycle discarded acrylic products and acrylic scraps into recycled acrylic products. With its technological capabilities, expertise, and machinery, the company provides customized high-quality acrylic products according to customer specifications, establishing its position in the market. The company is dedicated to continuously developing innovative acrylic recycling and reuse technologies, offering high-quality products to meet the growing demand for environmental protection while promoting and addressing the growth of the acrylic industry. Financially, in the nine months ending on September 30, 2023, 2023, and 2024, Ronglian Regeneration Technology's revenues were approximately RMB 133 million, RMB 91.77 million, and RMB 145 million respectively; during the same period, the company achieved profits of RMB 24.173 million, RMB 18.617 million, and RMB 27.301 million respectively.