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Company column

• Do Fluoride New Materials Co., Ltd. released its 2023 annual report on March 29, with a revenue of 11.937 billion RMB in 2023, basically unchanged from the previous year; The net profit attributable to shareholders of the listed company was 510 million RMB, a year-on-year decrease of 73.83%.

• China Kings Resources Group Co., Ltd. released its 2023 annual report on March 28, with a realized operating income of 1.896 billion RMB, a year-on-year increase of 80.54%; The net profit attributable to shareholders of the listed company was 349 million RMB, a year-on-year increase of 56.89%. After deducting non recurring gains and losses, the net profit attributable to the parent company was 351 million RMB, a year-on-year increase of 62.23%, achieving the best performance of the company in more than 20 years of establishment.

• Guangdong HEC Technology Holding Co., Ltd. released its 2023 annual report on March 30th. In 2023, the total revenue achieved was 10.854 billion RMB, a year-on-year decrease of 7.23%. The operating cost on the cost side was 9.648 billion RMB, a year-on-year increase of 3.39%, and the expenses and other costs were 1.687 billion RMB, a year-on-year increase of 35.53%. After deducting operating costs and various expenses from the total operating income, the net profit attributable to the parent company was RMB 294 million, with a profit to loss conversion.

• Fujian Fuduobang Technology Co., Ltd， The declared "An External Mixer for Hydrogen Fluoride Production" was officially authorized by the China National Intellectual Property Administration for utility model patent.

• Shandong Hua  an New Material Co., Ltd., on March 29, the China National Intellectual Property Administration authorized the disclosure of a patent: a preparation method of 1,1,1,3,3-pentafluoropropane, with the publication number (authorization) CN113501743B.

• Quzhou Nangaofeng Chemical Co., Ltd., on March 28th, disclosed a public transfer prospectus (application draft), applying for the listing and public transfer of stocks on the national stock transfer system.

• On March 27th, 1000 tons of hexafluoroepoxy propane were put into operation at Shandong Zhongrou New Material Co., Ltd. The total investment in the production equipment of the project is 85 million RMB.

• On March 28th, Hunan Guohong Fluorochemical Co., Ltd. announced the environmental impact assessment of the production project of 2500 tons of heptafluoropropane and 1000 tons of heptafluorobromopropane per year.

• On March 28th, Jiangsu Jiujiujiu Technology Co., Ltd. announced the environmental impact assessment for the expansion project of an annual production capacity of 35000 tons of lithium hexafluorophosphate, 10000 tons of sodium hexafluorophosphate, and 162926.4 tons of by-product hydrochloric acid (HCl ≥ 31%), 98379 tons of by-product hydrofluoric acid (HF ≥ 30%), and 630.8 tons of by-product calcium fluoride.

• Fujian Yongrui New Material Co., Ltd. announced on February 8th that the battery material project has a total investment of 1.3 billion RMB.

• Tianjin Fluorine Membrane New Material Co., Ltd. started construction on March 31st, intending to build a fluorine film product production line and supporting public facilities with a total investment of 137 million RMB. The project is located in Dasi Town, Xiqing District.

• Kureha announced on March 27th that it will suspend the production increase plan for Chinese EV battery materials (PVDF resin), mainly because it is difficult to export battery materials from China to the United States after the US IRA law came into effect, and the company is expanding its PVDF production capacity in Japan. According to its estimate, the production increase plan for Japanese factories is sufficient to meet the current demand.

• Chemours and some of its executives have been sued for class action on March 29th.

• On March 31st, Fujian Deer Technology Corp. and Shanghai Rolechem Co., Ltd. changed their IPO review status to "suspended (financial report update)" due to expired financial information in their IPO application.

• On April 1st, Shanghai Huayi Group Corporation Limited announced that its wholly-owned subsidiary, Shanghai Huayi New Materials Co., Ltd., and its controlling subsidiary, Guangxi Huayi New Materials Co., Ltd., have been sued by French company Acoma for patent infringement. Acoma has applied for a total of 430 million RMB in economic compensation and demanded that the defendant bear all litigation costs in this case.

Policy column

• The Ministry of Ecology and Environment has drafted the "Notice on Strictly Controlling the Production and Construction Projects of Hydrofluorinated Carbides (Draft for Comments)" and is now publicly soliciting opinions from the public.

Exhibition column

• The 2024 China Industrial Development Matchmaking Series of Activities will be held from March 31 to April 1, with the first opening ceremony held in Sichuan and Chengdu.