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Shuifa Energas Gas Co., Ltd. (Securities Short Name: Shuifa Gas; Securities Code: 603318) is a Main Board-listed enterprise positioned as an integrated service provider across the entire natural gas industry chain, with its ultimate controlling shareholder being the State-owned Assets Supervision and Administration Commission of the Shandong Provincial People’s Government. The Company’s business spans upstream resource acquisition, midstream LNG production, storage, transportation, and processing, and downstream urban gas operation and distributed energy applications, forming a technological roadmap characterized by “diversified gas sources + intelligent transmission and distribution + scenario-specific applications.” Its core businesses include LNG production and sales; natural gas-based distributed energy engineering (including combined cooling, heating, and power generation); franchised urban gas operations (covering over 20 cities and counties across Shandong, Henan, Hebei, Inner Mongolia, and other provinces); gas equipment manufacturing; and intelligent gas system integration. The Company possesses independently developed intellectual property rights for gas pressure regulation and metering equipment, SCADA intelligent dispatching systems, skid-mounted LNG vaporization units, and the “Shuifa Smart Gas Cloud” IoT platform (already connected to over 1.5 million end-user terminals). Its core technologies cover high-efficiency low-temperature liquid vaporization, intelligent multi-source gas blending, and dynamic pressure balance control, with over 80 authorized patents granted (including 12 invention patents). The Company has obtained ISO 9001, ISO 14001, and ISO 45001 management system certifications; its LNG-related equipment holds Special Equipment Manufacturing Licenses (TS) and Explosion-Proof Certificates; and multiple EPC projects have passed completion acceptance and filing with the Ministry of Housing and Urban-Rural Development. Representative projects include the Ordos 2-million-cubic-meter-per-day LNG liquefaction plant; the intelligent transformation of the entire urban gas pipeline network in Gaomi City, Shandong Province; the Lankao County, Henan Province “Rural Gasification” Distributed Energy Demonstration Project; and peak-shaving vaporization systems supplied to Sinopec and China National Petroleum Pipeline Network Group for their LNG receiving terminals. The Company possesses inter-provincial resource scheduling capabilities across East China, North China, and Northwest China. Currently, its business focuses on domestic clean energy infrastructure construction and offers diversified cooperation solutions—including LNG supply, gas engineering EPC services, intelligent gas system construction, complete equipment packages, and collaborative hydrogen-blending combustion technologies—to government platforms, energy enterprises, urban gas companies, and large-scale energy-consuming entities.

Shilong Heavy Industry (Dalian) Co., Ltd. is a high-tech enterprise specializing in the research, development, manufacturing, and service of port cranes, marine engineering equipment, and special construction machinery. The company positions itself as a provider of integrated system solutions for intelligent port equipment and marine engineering supporting equipment. Its core business covers the design, manufacturing, installation, retrofitting, maintenance, and technical services for port handling equipment, quay cranes, portal cranes, floating cranes, hydraulic grabs, and offshore platform supporting equipment. Its products are widely applied in port handling operations, intelligent upgrading of terminals, and near-shore engineering operations. Leveraging three invention patents and seventeen utility model patents, the company has accumulated technological expertise in areas such as intelligent hoisting control, anti-sway positioning, and lightweight marine engineering structural design. Its SSC-series intelligent portal cranes for ports integrate remote monitoring, self-diagnostic fault detection, and multi-unit coordinated scheduling functions, and have already entered routine operation at Yingkou Port and Jinzhou Port. The company holds the “Special Equipment Production License” (TS2421008–2028), possesses full qualifications for the manufacturing, installation, and repair of lifting machinery, and has achieved certification under the ISO 9001, ISO 14001, and ISO 45001 management system standards. It has participated in drafting and publishing the industry association standard “Technical Specification for Intelligent Control Systems of Port Portal Cranes” (T/CPHA 012–2024). In recent years, the company has continuously undertaken intelligent transformation projects for aging terminals along the Liaoning Coastal Economic Belt, including providing a domestic alternative solution for the electrical control system of quay cranes at Dalian Port Container Terminal, achieving independent adaptation of core PLC and frequency converter modules. Its service region is concentrated within the Bohai Bay port cluster; all delivered projects are located at coastal or inland river ports within China. The company offers customized equipment supply, intelligent upgrades for in-service equipment, full-lifecycle technical services, and collaborative standard development to port operators, terminal construction entities, equipment integrators, and relevant government regulatory authorities.

Shijiazhuang Fuda Machinery & Equipment Co., Ltd. Xinjiang Branch is a specialized service branch established by Shijiazhuang Fuda Machinery & Equipment Co., Ltd. in Northwest China. Leveraging its parent company’s 20 years of experience in research, development, manufacturing, and integrated services for mining machinery, metallurgical equipment, and environmental protection equipment, the branch focuses on the Xinjiang and broader Northwest regional markets and provides full-lifecycle support for equipment. Its core business includes the sale, installation, commissioning, maintenance, and leasing of mechanical equipment and components, electromechanical equipment, automated control equipment, and instruments and meters, as well as associated technical consulting and technical services. Its core competencies lie in the integrated application, on-site installation and commissioning, and rapid-response after-sales maintenance and repair of environmentally friendly equipment and solid waste treatment equipment—particularly crushing and screening systems. The branch has actively participated in an EPC project for steel slag treatment in Xinjiang, delivering customized solutions to iron and steel enterprises, mining companies, and solid waste treatment enterprises. Its qualification system is uniformly supported by the parent company, holding an A2-level pressure piping component manufacturing license and ISO 9001 Quality Management System certification, and possessing dozens of utility model patents; its technical capabilities cover equipment selection, system integration, on-site implementation, and continuous operation and maintenance. Its service network is headquartered in Urumqi and extends across the entire Xinjiang region, enabling collaboration with industrial enterprises, engineering EPC contractors, and local government environmental protection projects through various modalities—including equipment supply, system integration, turnkey engineering cooperation, and specialized technical services.

Shihezi Tianyu Xinshi Chemical Co., Ltd. is a fine chemical enterprise specializing in the research, development, and production of organosilicon functional additives. It operates within the specialty chemical manufacturing sector, with a core focus on the industrialization of organosilicon intermediates and downstream application products. Its principal products include silane coupling agents (e.g., JH-Si69), functional silicone oils (e.g., methyl vinyl silicone oil MVQ-500 series), and electronic-grade silicon materials, which are widely applied in novel material applications such as silica-reinforced rubber systems and electronic encapsulation adhesives. The company possesses capabilities for continuous synthesis processes and experience in customized small-batch supply. Its technical expertise is reflected in four authorized utility model patents covering equipment and process adaptations—such as optimizations of silane coupling agent reaction apparatuses and preparation systems for low-viscosity vinyl silicone oils. The company holds a Level-3 Safety Production Standardization Certificate (valid until August 2026) and ISO 9001:2015 Quality Management System Certification, ensuring its production activities comply with fundamental safety and quality control requirements. Leveraging the industrial ecosystem of the Shihezi Economic and Technological Development Zone, the company has established stable service relationships with local midstream customers in Xinjiang’s new materials industry chain, including Xinjiang Lanshan Tunhe Polyester Co., Ltd. and subsidiaries of Hoshine Silicon Industry Co., Ltd. Contract deliveries are concentrated within the RMB 500,000–2,000,000 range, and all projects are implemented exclusively within Xinjiang Province. Currently, the company’s business primarily emphasizes regional technical responsiveness and supporting supply, with collaboration models encompassing sample validation, customized development, and small-batch supply, delivering functional organosilicon solutions to enterprises in the northwestern region engaged in new materials, rubber additives, and electronic encapsulation.

Shenzhen High-End Electronic Chemicals Industrial Park Investment & Operation Co., Ltd. is a park investment, development, and professional operation platform dedicated to serving the entire industrial chain of electronic chemicals. It was jointly established by Shenzhen Special Zone Construction and Development Group Co., Ltd. and Shenzhen High-Tech Investment Group Co., Ltd., and is positioned as a key infrastructure entity supporting the development of Shenzhen’s “20+8” strategic emerging industries—specifically the dual tracks of “semiconductors and integrated circuits” and “new materials.” The company does not engage in research or production of electronic chemicals; instead, its core focus lies on planning and construction of high-end electronic chemicals industrial parks, infrastructure development, supply of high-standard facilities, cultivation of an industrial ecosystem, and provision of professional operational services. Designed in accordance with SEMI F47 and ISO 14644-1 Class 5–7 cleanroom standards, the park offers GMP-grade cleanrooms, specialized hazardous chemical storage facilities, centralized gas/liquid supply systems, pre-treatment of wastewater, and integrated safety and environmental management services. It primarily targets enterprises in niche sectors including photoresists, electronic specialty gases, wet electronic chemicals, packaging materials, and CMP polishing slurries. The company has obtained the following permits and certifications: the “Construction Engineering Permit” (Shen Bao Jian Shi Xu Zi [2024] No. 087), the “Approval of Environmental Impact Report Form for Construction Project” (Shen Huan Bao Pi [2024] No. 321), and the “Hazardous Chemicals Business License” issued by Guangdong Provincial Emergency Management Department (Yue Shen An Jing Zi [2025] No. 006); it has also passed the preliminary evaluation for Shenzhen Municipal Housing and Urban-Rural Development Bureau’s Two-Star Green Building Certification. The Shenzhen High-End Electronic Chemicals Industrial Park, which the company leads in constructing, has been included in the “Shenzhen 2024 Major Projects Plan.” Construction of Phase I was completed (structural topping-out) in June 2025, with the first batch of enterprises scheduled to move in during the second half of 2026. The company has established regular collaboration mechanisms with the Shenzhen Advanced Electronic Materials International Innovation Research Institute, the China Electronic Materials Industry Association, and the Shanghai Integrated Circuit Materials Industry Alliance, and can provide customized services to enterprises across the electronic chemicals industrial chain—including park entry, infrastructure support, industry matchmaking, and professional operational assistance.

Shanghai Zhuoran Engineering Technology Co., Ltd. (688125.SH) is a high-tech enterprise specializing in the research and development, design, manufacturing, and engineering services of petrochemical equipment. Positioned as a provider of high-end process equipment system solutions, the company has long focused on core equipment sectors within energy and chemical industries, including refining, ethylene production, aromatic hydrocarbons, and coal chemical processing. Its core businesses encompass the design and manufacturing of critical static equipment—including ethylene cracking furnaces, refinery heating furnaces, large-scale towers, reactors, and heat exchange equipment—and extend to modular skid-mounted systems, intelligent factory integration, and EPC (Engineering, Procurement, and Construction) general contracting services. Leveraging platforms such as the National Enterprise Technology Center and the Shanghai Engineering Technology Research Center for High-Temperature and High-Pressure Special Equipment, the company has secured a total of 247 authorized patents (including 72 invention patents) and has led or participated in formulating 18 standards—including national standards, industry standards, and group standards. Its core technologies focus on high-selectivity cracking, low-emission combustion control, high-temperature-resistant and coke-resistant furnace tube materials, and modular intelligent construction. Its independently developed ZRP-series cracking furnaces achieve a Cracking Outlet Temperature (COT) fluctuation of ≤ ±3°C and an operational cycle exceeding 90 days. In terms of qualifications, the company holds A1/A2-level pressure vessel design and manufacturing licenses, ASME U/U2/S stamps, PED certification, and ISO 9001/14001/45001 management system certifications; it also possesses Class-B design qualification for petrochemical and chemical engineering projects and a special equipment production license. Representative projects include those for Sinopec, CNPC, China Chem, Hengli Petrochemical, Zhejiang Petrochemical, Shenghong Refining & Chemical, and Yulong Island Refining & Chemical Integration, among other leading domestic projects. The company has also exported core components and technical documentation packages to “Belt and Road” countries including Russia, Saudi Arabia, the United Arab Emirates, and Indonesia; overseas revenue accounted for approximately 8.6% of total revenue in 2023. It offers end-to-end cooperation to domestic and international clients—from customized core equipment and modular delivery to intelligent factory construction and EPC general contracting.

Shanghai Yueshen Energy Technology Co., Ltd. is a technical service enterprise specializing in new energy storage system integration and intelligent energy management. Grounded in scientific research and technological services, the company focuses on research and application in energy technology, smart grid technology, energy storage system technology, and new energy technology. Its core business encompasses the research and development (R&D) and sales of Battery Management Systems (BMS), design of distributed energy solutions, sales of power electronic equipment, as well as technology development, consultation, services, and transfer within the energy sector. Service scenarios cover commercial and industrial-side energy storage system integration, microgrid energy management, and coordinated optimization among generation, grid, load, and storage. Leveraging its technical expertise in energy storage system architecture design, BMS hardware-software co-design, and intelligent energy dispatch algorithms, the company possesses end-to-end service capabilities spanning solution design to technical implementation. Currently, the company’s registration status is “active,” and its officially registered business scope explicitly supports its professional positioning in the fields of new energy storage and intelligent energy management. Its WeChat official account, “Yueshen Energy Technology,” regularly publishes technical updates and interpretations of industry policies, reflecting its awareness of and responsiveness to cutting-edge trends. It should be noted that no ISO 9001, IEC 62619, or other system or product certifications have been identified through publicly available channels; nor has any record of mandatory qualifications—such as the “Electric Power Business License” or the “License for Installation (Maintenance/Testing) of Electric Power Facilities”—been found. Furthermore, no invention patents, utility model patents, or software copyright registrations have been retrieved, nor have mainstream media outlets reported publicly on its project implementations or technological applications. At this stage, the company primarily adopts technical service and system integration as its cooperation model, providing technical coordination and joint solution support to commercial and industrial customers, energy service providers, and regional project entities with requirements for distributed energy planning, customized energy storage systems, and upgrades to intelligent electricity consumption management.

Shanghai Sulzer Mechanical Engineering Manufacturing Co., Ltd. is a wholly foreign-owned enterprise established in China by Sulzer Ltd. of Switzerland. As a key hub within Sulzer’s global manufacturing network and for localized production and technical services of high-end fluid machinery in the Asia-Pacific region, the company specializes in the design, manufacturing, installation, maintenance, and full-lifecycle technical services of industrial pumps, mixing equipment, and fluid handling systems. Its products are widely applied across industries including power generation (including conventional islands of nuclear power plants), petrochemicals, chemicals, pharmaceuticals, water treatment, and papermaking. The company complies with international standards such as API 610, 12th Edition, and ANSI B73.1. Core products include the SULZER C-series chemical process pumps and the HGM-series high-speed magnetic-drive pumps. Leveraging Sulzer’s global R&D platform, the company continuously advances localization substitution and intelligent operation & maintenance technology development, holding 12 utility model patents and 3 invention patents covering areas such as cavitation-resistant structural optimization and digital twin-based condition prediction. It operates a CNAS-accredited laboratory and a 12 MW full-capacity pump test station (capable of maximum flow rate of 20,000 m³/h and head exceeding 2,000 m). The company holds the “Special Equipment Production License” (for pressure piping components manufacturing, TS2731037-2027) and has achieved certification under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Representative projects include supplying critical components of high-pressure coolant injection pumps for Phase II of Sanmen Nuclear Power Plant (China National Nuclear Corporation); delivering high-temperature, high-pressure process pumps for the Dalian Integrated Refining & Chemical Project of Hengli Petrochemical; and providing GMP-compliant hygienic centrifugal pump systems for the East China Biopharmaceutical Industrial Park. Services cover all provincial-level administrative regions of mainland China, with focused support for equipment clusters in the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Bohai Rim regions. Through collaboration with Sulzer’s global service system, the company participates in technical support and localized delivery for energy and chemical projects along the Belt and Road Initiative routes. It offers customized products, integrated solutions, and full-cycle technical service cooperation to engineering EPC contractors, end-users, and industry system integrators.

Shanghai Pret Composites Co., Ltd. is a national high-tech enterprise specializing in the research, development, production, and sales of polymer composite materials. It was listed on the Shenzhen Stock Exchange in 2010 (Stock Code: 002324) and ranks among the leading suppliers in China’s automotive modified plastics sector. The company’s core business centers on modified plastics, with products widely applied across the automotive, home appliance, electronic & electrical, telecommunications, and new energy sectors. It has continuously deepened its strategic focus on low-carbon and sustainable materials, achieving industrial-scale application of recycled plastics, bio-based materials, and low-odor, low-VOCs automotive materials. In 2023, the company completed the acquisition of controlling equity in Zhejiang Hisun Polylactic Acid Materials Co., Ltd., further extending its biodegradable polymer materials industry chain. The company operates a National Enterprise Technology Center, a Postdoctoral Research Workstation, and the Shanghai Engineering Technology Research Center for High-Performance Plastics. As of 2023, it held over 180 valid invention patents and had led or participated in formulating 12 national and industry standards. Its core products have obtained certifications under IATF 16949, ISO 9001, ISO 14001, and ISO 45001 management systems and have been granted Tier-1 supplier qualifications by major automobile manufacturers including SAIC Motor, FAW Group, GAC Group, BYD, and Tesla’s China supply chain system. According to its 2024 semi-annual report, R&D investment accounted for 5.3% of operating revenue, and R&D personnel comprised over 22% of total staff. The company’s products are distributed nationwide and exported to Southeast Asia, Europe, and North America; its overseas operations rely on localized technical services and strategic partnerships, including the establishment of its wholly owned subsidiary Pliant Thailand Co., Ltd. in Thailand to serve the ASEAN market. For customers in the automotive, new energy, and advanced manufacturing sectors, the company offers collaborative models including customized material development, joint technological breakthroughs, green material solutions, and localized supply chain support.

Shanghai Lide Catalyst Co., Ltd. is a high-tech enterprise established in 2003, specializing in the research and development, production, and technical services of industrial catalysts. The company positions itself as a provider of core catalytic material solutions for petroleum refining, coal chemical industry, fine chemical industry, and environmental pollution control. Its main business encompasses R&D and customized applications of solid-state catalytic materials, including FCC auxiliary agents, low-temperature sulfur-tolerant shift catalysts, organic sulfur hydrolysis catalysts, and VOCs catalytic oxidation catalysts. It also provides full-process technical support services, such as catalyst selection, loading guidance, operational monitoring, and lifetime evaluation. Supported by sustained R&D investment (average R&D expenditure accounting for 8.6% of revenue over the past three years), the company holds 12 authorized invention patents and 9 utility model patents, and has participated in drafting the industry standard “HG/T 5910–2021 Technical Specification for Sulfur-Tolerant Shift Catalysts for Industrial Use.” In terms of qualifications, it holds a valid “High-Tech Enterprise Certificate” expiring in November 2026; is certified under ISO 9001 Quality Management System and ISO 14001 Environmental Management System; and possesses a Hazardous Chemicals Production Safety Permit (Permit No.: Hu WH An Xu Zheng Zi [2022] 000187), authorizing production of hydrogenation catalysts, desulfurization catalysts, and other products. Representative project clients include Sinopec Zhenhai Refining & Chemical, China Shenhua Ordos Coal-to-Oil Project, and Wanhua Chemical Yantai Industrial Park—large-scale chemical facilities. Its technical service capabilities are supported by CNAS-accredited laboratories. Its domestic service network covers major chemical industrial parks in East China, North China, and Northwest China. Its collaboration models focus on technology co-development, customized catalyst supply, plant operation optimization, and catalyst regeneration services.