Henan Xinda New Materials Co., Ltd.

From a small local small-sized enterprise, Pingdingshan Abrasives and Abrasives, to the listing on the Shenzhen Stock Exchange, it has become a “leading” enterprise in the photovoltaic silicon cuttings industry; from a small factory of less than 100 people to six wholly-owned subsidiaries. With an asset size of over 5.5 billion yuan, Henan Xinda New Materials Co., Ltd. has embarked on a fast and efficient development path.

Henan Xinda New Materials Co., Ltd. is a key high-tech enterprise specializing in the construction of solar crystal wafers, semiconductor wire cutting blades, resin diamond wires, silicon carbide precision ceramic products and solar power plants. At the same time, the company provides recycling and recycling services for crystalline silicon wafer cutting waste mortar. It is the first batch of comprehensive utilization enterprises in Henan Province.

In the first half of 2015, the domestic macro economy continued to decline, and the photovoltaic industry was in great difficulty. Henan Xinda New Materials Co., Ltd. adhered to the market-oriented, constantly promoting reform, technological innovation and structural adjustment, so that enterprises gradually stepped out of the trough, and the output value and profits continued. Raising, in the case of tight market conditions, it has shown a good momentum of contrarian development, laying a solid foundation for the Group's transition from traditional energy to new energy.

In recent years, Xindaxin Materials has successively won the outstanding enterprises of China's high-tech industry, the advanced collective of “speaking ideals and contribution”, the advanced unit of national science and technology innovation quality management, the top ten enterprises of silicon carbide production in the national abrasives industry, and Henan Province. The credit construction demonstration unit, Henan Province science and technology innovation outstanding enterprise, Henan international famous brand and other honors, its products have been repeatedly rated as China's abrasive abrasive industry famous products, Henan famous brand products. With the excellent product quality and strong competitiveness, Xindaxin Materials has gradually developed into a “leading” in the industry.

Leap-forward development creates a miracle of growth
In 1991, Pingdingshan Abrasives Factory was launched on a cornfield in the eastern suburbs of the city, becoming a hopeful seed for the Group to spread in non-coal industries and diversified business areas. On December 24, 1992, the silicon carbide smelting furnace was successfully ignited. The factory began its entrepreneurial journey of seeking survival in the exploration and seeking development in the market.

In 1997 and 2000, Yicheng Company adjusted the product structure twice according to market needs, and launched the silicon carbide granulation production line and the silicon carbide washing production line. The silicon carbide washing production line enables the enterprise to master the advanced technology with intellectual property rights, and increase the selling price of each ton of products from about 10,000 yuan to more than 20,000 yuan, laying a solid foundation for the company to enter the fast lane of development.

“With the benefits, we have the 'cost” to improve product quality and technological innovation.” An old employee of Yicheng Company said, “We have built a world-leading quality testing center and technology research and development center to create a capable To meet the differentiated advantages of different customers' individualized needs, we have gradually established the trust of strategic customers in the 'Yicheng' brand products, so that the products of the company are still in short supply when the silicon carbide fine powder market is severely impacted."

In January 2007, the Group combined the actual situation of Yicheng's production and operation, and rationalized the management system of Yicheng Company. Yicheng Company was transformed into a second-level subsidiary by the Group's third-tier company, showing a more rapid development momentum. After 2007, the company's sales revenue has achieved a high growth rate of 320% per year for many years, and it has developed into a “leading” enterprise in the industry, achieving the first leap of the enterprise.

Restructuring new and new materials is the second leap in the history of Yicheng.

Henan Xinda New Materials Co., Ltd. was formerly a private enterprise, and produced the same silicon wafer cutting material as silicon carbide fine powder. In 2010, Xinda New Materials was listed on the GEM. After 2012, due to financial constraints and other reasons, production and operation were difficult.

The Group seized the opportunity and decided to use the assets of Yicheng Company and other units to purchase shares, subscribe for new large new materials and issue additional shares, and become its controlling shareholder. As a result, Yicheng Company has become a subsidiary of Xinda New Materials, and has once again achieved leapfrog development.

On May 16, 2013, the newly reorganized new material was successfully landed on the Shenzhen Stock Exchange. “Restructuring and holding new large new materials has succeeded, making the two companies' total output rank first in the world, enhancing their ability to cope with difficulties, achieving double-difference and inferiority, and creating an upgrade of Henan's new materials and new energy industry. Version '." Sun Yi, chairman of Xinda New Materials, said.

"This is the first listed company in China's GEM to achieve reverse merger through private placement. Restructuring new large new materials is an important event in the world's photovoltaic silicon cutting material industry, and it is a major breakthrough for the Group to develop emerging industries." Group Capital Yu Zeyang, Minister of Operations said.

Integration of production, learning and research to promote industrial upgrading and upgrading
After the reorganization, the new large new materials implement the group requirements, effectively integrate talents, technology, market, management, capital and other advantageous resources, and realize the integrated management and integrated operation of the two enterprises. At the same time, adhere to the strategic direction of “new materials, new energy, energy conservation and environmental protection”, take the initiative to adapt to the new normal, and strive to achieve new actions. On the basis of making excellent and strong silicon carbide cutting blades and consolidating the “leading” position of the industry, Promote industrial upgrading and structural adjustment.

Xindaxin Materials regards technological innovation and application as the key to sustainable development of the company. The company has built a nationally recognized laboratory, a first-class quality testing center, Henan Province silicon carbide powder material engineering technology research center, provincial enterprise technology center, Henan provincial key laboratory, etc., and also with the Chinese Academy of Sciences Shanghai silicate research The Institute and Xi'an Jiaotong University have established close cooperative relations, established the Advanced Materials Academician Workstation and the Provincial Postdoctoral Research Base to create a development system integrating production, learning and research.

In 2014, Xindaxin Materials signed an “Industry-University-Research Cooperation Agreement” with Henan University, Henan University of Technology and Kaifeng University. In recent years, the company has applied for 209 patents and obtained 166 patents authorized by the state, including 26 invention patents, 139 utility model patents, and 1 appearance patent. These have become a powerful supporting force for the development of new and new materials against the trend.

Henan Xinda New Materials Co., Ltd. independently developed high-vertical body, large-diameter overflow grading equipment and automatic siphon classification system with independent intellectual property rights, ranking at the domestic leading level, enabling the company's product quality, product yield, production efficiency, etc. Leading the industry. “The yield rate is 58%, which is higher than the advanced level of the industry. And the product particle size is even, which achieves better cutting effect of crystalline silicon wafers,” said a technician from Xinda New Materials.

On the basis of successfully digesting and absorbing the complete set of imported equipment of the resin diamond line project, Xindaxin Materials completed the localization of 16 spare parts such as the project line machine, washing machine and curing furnace. In the first half of this year, the company achieved a localization replacement of 95% of imported spare parts, reduced the cost of imported equipment by 17.29 million yuan, and “localization of resin binder for diamond wire saw” and “resource utilization of waste carbon materials”. Staged results were obtained on other projects.

Culture leads the foundation for reform and development
"Let the person who wants the officer have the opportunity to let the person who has the officer have a position, and let the person who has done things have a status." On the wall of the hall of the new big new office building, 27 characters are particularly eye-catching. "We believe that the more serious the situation is, the more powerful it is to gather together the difficulties of the times, the more we must give play to the leading role of corporate culture in promoting deepening reforms." A new person in charge of the new material said, "We are actively taking business. Cultural integration is the entry point. With the theme of 'new and easy integration, great achievements and great achievements', we will strengthen corporate culture through multi-level and all-round forms through seminars, symposiums, and experience exchange meetings to enhance cohesiveness and make progress for reform. 'Deep water area' creates ideological conditions."

"We must take the initiative to adapt to the new normal, strive to achieve new things, and work hard to create a new situation under the new situation." Sun Yi said, "In the face of China's economic development from high-speed growth to medium-to-high-speed growth, from factor-driven, investment-driven Turning to the innovation-driven, the new normal of the economic structure is constantly optimized and upgraded, we must be effective and reformed to reform."

Not long ago, the president of the Hejun Business School, which enjoys the title of the first brand in China's consulting industry, came to Xinda New Materials to carry out study activities and exchanged ideas on how to enhance the core competitiveness of the company.

In order to enhance the organization's human efficiency, the new and new materials stand at the height of the company's sustainable development. By rationalizing the management system, it has achieved flat management and enhanced the vitality and execution of the management. The management team studied the market value management, mergers and acquisitions, financial management and other courses of listed companies, invited well-known experts in the industry to teach human resources management knowledge, deepen the exchange of job skills, and promoted the technical improvement of employees.

Vigorously promoting internal marketization is an important step in the reform of the "combination boxing" of new and new materials. The company's implementation of the market-oriented reforms, the company's management center department from the original 15 to 11.

Xindaxin Materials has established a fair and reasonable salary mechanism involving recruitment, trial, correction and promotion, demotion and salary reduction. “A good salary system makes us pay more attention to quality and efficiency when we work,” said an employee of Xinda New Materials.

Xinda New Materials has also revised the system of employees from entering the company to job changes, from skills training to job promotion, from daily assessment to resignation, involving human resources appointment, management, compensation, assessment, training, resignation and resignation. The scientific, standardized and market-oriented human resource management of the company has laid a solid foundation for improving the enthusiasm and work efficiency of employees.

From 2007, Yicheng Company rationalized the management system, and in 2013, realized the “leading” restructuring of the two major industries and landed on the Shenzhen Stock Exchange. The leap-forward development made the new and new materials reborn in a new starting point. At present, Xindaxin Materials is based on Kaifeng New and New Materials and Pingdingshan Yicheng New Materials. It spans the Western Economic Development Zone and the Eastern Yangtze River Delta Economic Zone. The strategic pattern of North China, Central China and South China has been formed. The development strategy of new materials, new energy, energy conservation and environmental protection is progressing steadily. (From: "China Pingmei Shenmabao")

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