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Cangzhou Yadong Biobased Materials Co., Ltd. was established on June 5, 2024. Its registered address is located west of Tongsi Road and north of Huasan Road, Cangzhou Lingang Economic and Technological Development Zone, Bohai New Area, Cangzhou City, Hebei Province. Wu Yadong serves as the legal representative. The company’s business scope includes the following general items: manufacturing of bio-based materials; sale of bio-based materials; production of chemical products (excluding licensed chemical products); sale of chemical products (excluding licensed chemical products); leasing of construction machinery and equipment; leasing of mechanical equipment; technical services, technical development, technical consultation, technical exchange, technology transfer, and technical promotion; and labor services (excluding labor dispatch).

Kurashiki Chemical (Dalian) Co., Ltd., located in the Dalian Economic & Technological Development Zone, Liaoning Province, is a wholly foreign-owned fine chemical manufacturing enterprise established through 100% investment by Kurashiki Chemical Industry Co., Ltd. of Japan. Founded in December 2003, the company has operated stably for over twenty years and is currently in a mature industrialization development stage. The company specializes in the research and development, production, and sales of electronic-grade chemicals. Its principal products include electronic-grade isopropyl alcohol (IPA), ammonium hydroxide–hydrogen peroxide mixture (APM), high-purity hydrofluoric acid, semiconductor cleaning agents, etchants, and developers—widely applied across advanced electronics manufacturing processes such as integrated circuit (IC) wafer fabrication, flat panel display (FPD), light-emitting diodes (LEDs), and photovoltaic (PV) cells. The company has established an integrated process system comprising “ultra-clean purification + trace impurity control + material compatibility verification,” possessing capabilities including multi-stage fractional distillation coupled with membrane separation, ICP-MS-level trace metal detection (detection limit ≤0.01 ppt), and fully enclosed, dust-free filling. Its product purity consistently meets SEMI C12 specifications. The company holds 12 invention patents, including core patent ZL202110327845.6, and has led the formulation of industry standard HG/T 5927–2021 and participated in the revision of GB/T 33088–2016. It holds valid permits including the Discharge Permit (Liaoning Environmental Permit Dalian Development Zone [2023] No. 187), the Work Safety Production License ((Liaoning) WH Safety Permit [2021] No. 02-0045), and the Hazardous Chemicals Registration Certificate (No. 210211158). It has obtained certification for the ISO 9001, ISO 14001, and ISO 45001 management systems (issued by SGS, valid until October 2026) and operates a provincial-level enterprise technology center (Document No. Liaoning Industry and Information Technology Commission [2020] No. 189). Its ultra-high-purity IPA and APM have continuously supplied leading domestic manufacturers—including SMIC, BOE, and CSOT—since 2018. In 2022, it passed TSMC’s on-site supply chain audit and became a certified wet electronic chemicals supplier for TSMC’s mainland China operations. In 2024, it completed environmental acceptance for its Phase II expansion project, adding an annual production capacity of 5,000 metric tons of G5-grade (metal impurities ≤10 ppt) electronic-grade hydrofluoric acid. Leveraging its parent company’s technical support networks in Japan and South Korea, it provides localized technical services to Samsung Electronics and SK Hynix. Its export value to Japan, South Korea, and Vietnam has grown at an average annual rate of 14.3% over the past three years; exports accounted for 28.7% of total revenue in 2025, supporting diverse cross-border service models including technology licensing, customized engineering delivery, and consortium collaboration.

Centrient Biochem Intermediate (Changchun) Limited Corporation is a key manufacturing enterprise in China under Changsheng Pharmaceutical Group, headquartered in the Netherlands. It is located in the Wukeshe Economic Development Zone of Yushu City, Changchun City, Jilin Province. Its business scope covers the production, research and development, and sale of the intermediate 6-aminopenicillanic acid (6-APA), as well as providing related after-sales services and technical services. The company commenced operations in June 2012. Its plant occupies an area of 117,000 square meters, with a total investment exceeding RMB 1.2 billion. It currently employs approximately 350 people. Changsheng Biochemical Intermediates (Changchun) Co., Ltd. was established on April 16, 2010, and its registered address is No. 88, north side of Yuwu Highway, Wukeshe Economic Development Zone, Changchun. Its legal representative is Lu Fangbin. Its business scope includes the production, research and development, and sale of the biochemical intermediate 6-aminopenicillanic acid, as well as providing related after-sales services and technical services (excluding projects subject to special foreign-investment access management measures; projects prohibited by laws, regulations, and decisions of the State Council may not be operated; projects requiring approval pursuant to law may only be conducted after obtaining such approval from relevant departments). **Changsheng Biochemical Intermediates (Changchun) Co., Ltd. has one branch office.

Bo Yuan Energy (Dalian) Co., Ltd. was established on June 8, 2013, with its registered address at Room 508B-1, Huineng Building, Dalian Bonded Zone, Liaoning Province. Chu Zhenyu is the legal representative. The company’s business scope includes: international trade and entrepôt trade; sales of instruments and meters, hardware and electrical appliances, building materials, lubricating oils, mineral products, boilers, coal, and mechanical and electrical equipment (excluding items subject to special licensing requirements); settlement services for natural gas and liquefied petroleum gas (LPG) operations; sales of gas equipment and after-sales service; sales of machinery and equipment, hardware tools, electronic products and accessories, cultural supplies, sports goods, computer software, hardware, and auxiliary equipment, conducted via the internet; development, consultation, and technical services related to new energy technologies; leasing of machinery and equipment; pipeline installation engineering; and installation of special equipment. (Projects requiring approval pursuant to law may only be carried out after obtaining approval from the relevant authorities.) Bo Yuan Energy (Dalian) Co., Ltd. has made external investments in one company.

Boyuan Power (Dalian) Co., Ltd. was established on April 10, 2019, with its registered address at Room 316, No. 734 Mingxiao Road, Dalian Changxing Island Economic Zone, Liaoning Province. Li Yuhua is the legal representative.  
Business scope:  
Permitted projects: wholesale of finished oil products (limited to hazardous chemicals); operation of hazardous chemicals; retail of finished oil products (excluding hazardous chemicals); road freight transport (internet-based freight transport); construction engineering; electrical installation services; installation, renovation, and repair of special equipment (projects subject to approval by law shall be conducted only after approval by relevant departments; specific business items shall be subject to approval results).  
General projects: wholesale of finished oil products (excluding hazardous chemicals); sale of petroleum products (excluding hazardous chemicals); sale of chemical products (excluding licensed chemical products); processing and manufacturing of lubricants (excluding hazardous chemicals); sale of lubricants; sale of metal structures; sale of timber; sale of instruments and meters; operation of wires and cables; wholesale of hardware products; sale of metallic ores; sale of valves and cocks; sale of office supplies; wholesale of automotive parts and accessories; wholesale of computer software, hardware, and auxiliary equipment; sale of building materials; non-vessel operating common carrier (NVOCC) services; trade brokerage; software development; advertising design and agency; repair of electrical equipment; sale of mechanical and electrical equipment; information consulting services (excluding licensed information consulting services); installation services for general mechanical equipment; sale of special equipment; sale of pipeline transportation equipment; sale of construction engineering machinery; leasing of construction machinery and equipment; domestic trade agency (except for projects requiring approval by law, operations shall be conducted independently in accordance with the business license).

Boju High-Tech Materials Technology (Gansu) Co., Ltd. is located in the Fine Chemical Industry Park of Lanzhou New Area, Lanzhou City, Gansu Province. It is a high-tech manufacturing enterprise focused on the R&D and industrialization of advanced inorganic non-metallic functional materials. The company has a registered capital of 120 million yuan, all of which has been fully paid up. It has successfully obtained the Gansu Province High-Tech Enterprise Certification (GR202562000187) and is currently in the early stage of scaled-up production. The company’s core business includes the R&D, production, and sales of high-performance ceramic precursors, electronic-grade alumina powders, nano-oxides for coating lithium-ion battery cathode materials, special refractory materials, and customized coating materials. Its target customers are concentrated in niche markets such as new-energy batteries (including solid-state electrolyte interface modification), electronic packaging, high-temperature structural components, and specialized refractory engineering projects. The company possesses independent, end-to-end testing capabilities—from raw material purification and precursor preparation to calcination-controlled crystallization and control over particle size, morphology, and surface chemical properties—and is equipped with XRD, SEM-EDS, BET specific surface area analyzers, and a high-temperature comprehensive thermal analyzer. The company holds six authorized invention patents (e.g., “Low-Temperature Sol-Gel Method for Preparing Spherical γ-Al₂O₃” and “Al-Ti-O Composite Oxide for Solid-State Battery Interface Modification”) and eleven utility model patents, all of which are currently in the “granted” status and free from any ownership disputes. The company has also established a provincial-level enterprise technology center in Gansu Province (approved under Document No. Gan Gong Xin Fa [2024] No. 312). It has successfully passed ISO 9001:2015 quality management system certification (00122Q41234K3S) and ISO 14001:2015 environmental management system certification (00122E40987K3S), and has received a phased conformity assessment for the IATF 16949:2016 automotive supply chain quality management system issued by SGS (covering the cathode material surface modification process). The company’s flagship product, the BJ-ALP series of high-purity spherical pseudoboehmite, has been tested by CEST Laboratory (CEST2025-ALP-0882), achieving an impurity total content ≤30 ppm and a D50 CV value <8%, meeting international Class A standards. This product is already being supplied in bulk to CATL and BYD FinDreams Battery, and serves as a key raw material in Gansu Province’s major science and technology project—the pilot-scale platform for critical materials for high-energy-density solid-state lithium batteries (2025GSA002)—enabling stable supply at the hundred-ton level. Publicly available information does not indicate that the company engages in export activities, delivers overseas projects, or holds international certifications such as FDA, REACH, or UL. All its business activities are concentrated within mainland China, and its customer base covers 17 new-energy and electronic materials enterprises across four provinces: Gansu, Jiangsu, Guangdong, and Hunan. The company supports various forms of cooperation, including technology licensing, customized development, small-batch pilot production, and stable supply at the hundred-ton level.

Bingshan Sonyo Compressor (Dalian) Co., Ltd. (English name: Sonyo Compressor (Dalian) Co., Ltd.; Chinese abbreviation: Sonyo Compressor; English abbreviation: Sonyo Compressor) was originally established in September 1994 as Dalian Sanyo Compressor Co., Ltd., and later evolved from Panasonic Compressor (Dalian) Co., Ltd. In December 2022, the company was renamed Bingshan Sonyo Compressor (Dalian) Co., Ltd., becoming a member enterprise of the Bingshan Group. The company’s total investment amounts to RMB 680 million, with registered capital of RMB 442 million. It occupies a land area of 87,000 square meters and has a construction area of 89,000 square meters, employing over 1,400 people. The company is located in Dalian—a key economic hub city along China’s eastern coast. Leveraging advanced intelligent manufacturing and quality control systems, the company specializes in producing variable-frequency and fixed-frequency scroll compressors. Its products are categorized into eight series: Series B, Series C, Series D, Series E, Series F, Series G, Series K, and Series W. These products support mainstream global electrical standards and are compatible with eco-friendly refrigerants, with power ratings ranging from 3 HP to 30 HP. In recent years, the company has developed into an integrated compressor manufacturer capable of full-scenario applications across refrigeration, air conditioning, and HVAC-related fields—including commercial air conditioning, electric bus air conditioning, rail transit air conditioning, computer room air conditioning, energy storage thermal management, heat pump heating, heat pump water heating, heat pump drying, industrial heat pumps, and refrigerated/frozen storage—earning the title “Liaoning Province Single-Item Champion Enterprise.” Its products are sold in over 80 countries and regions worldwide and it serves as a strategic partner to numerous renowned domestic and international enterprises. A comprehensive R&D system provides a robust platform for innovative product development. The company’s R&D center integrates scientific research and testing functions, currently operating one prototype workshop and thirteen specialized laboratories. It houses more than 60 sets of world-class large-scale precision instruments and equipment—including those from Chino and Sakata—as well as over 200 sets of various testing devices. The company’s Testing Center has obtained CNAS accreditation (based on its 200 kW test bench), ensuring strong technical support for products right from their inception. The company holds multiple honors, including “Liaoning Provincial Industrial Design Center” and “Liaoning Provincial Enterprise Technology Center,” providing platform support for new product development, equipment improvement, industry-university-research collaboration, and talent cultivation.

Mature manufacturing management accelerates lean production practices. The company’s factory currently operates over 800 pieces of production equipment, with a designed annual production capacity of 1.6 million units. Through digitalization and intelligent manufacturing innovations, along with the development and application of new production methods, the company has already built one intelligent workshop and introduced six model production lines demonstrating manufacturing innovation: automated scroll compressor machining lines, digitally enabled high-power motor production lines, unmanned shell component production lines, among others. These lines employ industry-leading technologies such as pulse welding, multi-axis synchronized cutting, laser cutting and welding, and AI-based visual recognition. The factory consistently pursues independent research and continuous improvement in compressor production technologies, earning accolades including “Liaoning Province Intelligent Factory,” “National Outstanding Smart Manufacturing Scenario,” “National Green Factory,” and “National 5G Factory,” thereby expediting the transformation and upgrading of intelligent factories.

A comprehensive quality management system ensures stable product quality. Based on Panasonic’s unique Quality Management System (P-QMS), and supported by world-class high-precision instruments—including Mitutoyo coordinate measuring machines, Zeiss coordinate measuring machines, Keyence imaging analyzers, and Thermo Fisher pyrolysis instruments—the company guarantees stringent quality standards throughout all processes and ensures reliable compressor operation under any environmental conditions. We continuously enhance quality management through digital quality initiatives and remain steadfast in our commitment to delivering product quality that exceeds customer expectations.

A sound marketing management and service system synergizes with multi-dimensional brand and product promotion strategies. The company’s marketing team continually enhances external service and technical support capabilities, providing customers with comprehensive application guidance and after-sales services. Simultaneously, it establishes responsive mechanisms to rapidly address market demands, building a more three-dimensional and refined market service system.

A value orientation centered on daily innovation energizes corporate operations. Adhering to the principle of “people-oriented” management and focusing on contributors, the company establishes long-term mechanisms supporting both corporate and employee development. It consistently upholds the corporate values of “integrity without fear, credibility in speech, benefit without harm, and action without contention,” fully stimulating team vitality and combat effectiveness.

Dalian BingShan Refrigeration & Heating Technology Co., Ltd. (formerly Dalian Refrigeration Co., Ltd.) is the core enterprise of Dalian BingShan Group Co., Ltd., a leading enterprise in China’s refrigeration industry. Founded in 1930, the company was listed on the Shenzhen Stock Exchange in 1993, becoming the first refrigeration industry enterprise to be listed in China. (Stock abbreviation: BingShan Refrigeration & Heating; Stock code: 000530; 200530)

The company currently operates two industrial parks—in Dalian and Wuhan—and is recognized as a demonstration enterprise for standardized manufacturing of high-end equipment, a demonstration enterprise for standardized cold/heat services, a national demonstration enterprise for technological innovation, and a Liaoning Province intelligent manufacturing demonstration base. It has been awarded the Liaoning Provincial Governor’s Quality Award Gold Prize.

Focusing on cold/heat technologies, the company covers the temperature range from –272°C to 430°C. Leveraging its comprehensive cold/heat industry chain, value chain, and ecosystem, it achieves thermal balance and digital empowerment. In fields including industrial refrigeration/heating, commercial freezing/refrigeration, air conditioning and environmental control, engineering and services, and new energy, the company provides innovative cold/heat products, engineering solutions, and full-lifecycle services—from inception to end-of-life. Through its BingShan Deep Enthalpy Energy System Solutions, the company meets customers’ personalized, professional, and customized cold/heat requirements, pioneers new supply paradigms in the cold/heat sector, and creates new value for customers.

Binzhou Zhanhua Huihong New Materials Co., Ltd. is located in the Binhai Town Industrial Park, Zhanhua District, Binzhou City, Shandong Province. It is a high-tech manufacturing enterprise wholly owned by Shandong Huihong New Materials Co., Ltd., specializing in the R&D, production, and sales of high-end alumina-based functional materials. The company operates within the “Advanced Inorganic Non-Metallic Materials” sector—a key strategic emerging industry designated by the Chinese government—and has undergone mixed-ownership reform and completed its core business integration, enabling it to deliver products on a large scale and with consistent quality. The company’s core business covers high-purity alumina (≥99.995%), activated alumina, pseudoboehmite, aluminum hydroxide flame retardants, and specialty ceramic precursor materials. Its products are extensively used in niche applications such as electronic ceramics (MLCC dielectric layers, LED phosphor carriers), lithium-ion battery separator coatings, catalyst supports, high-end refractory materials, and semiconductor packaging. The company’s core technology is based on an independently controllable short-process “carburization-low-temperature calcination” method, which reduces the comprehensive energy consumption per ton by 28% compared to the industry average. The company holds 17 authorized invention patents and 32 utility model patents. It has established both the Shandong Provincial Enterprise Technology Center and the Shandong Provincial Alumina Functional Materials Engineering Laboratory. Moreover, the company has spearheaded or participated in drafting two industry standards: HG/T 5925-2021 “Activated Alumina” and YS/T 1542-2022 “High-Purity Alumina.” The company has obtained certifications under the three major management systems—ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018—and holds both the “Safety Production License” (Lu MB An Xu Zheng Zi [2021] No. 080001) and the “National Industrial Product Production License” (XK14-001-00157). Notable achievements include providing high-purity alumina for MLCCs to Fenghua High-Tech and Sanhuan Group since 2021; in 2023, the company began mass exports of activated alumina for lithium-ion battery coatings to South Korea’s ECOTECH and Japan’s Showa Denko; and in 2024, the company jointly established a joint laboratory with the Shanghai Institute of Ceramics, Chinese Academy of Sciences, and undertook Shandong Province’s major science and technology innovation project: “R&D of Ultra-Low Dielectric Loss Alumina Ceramic Substrate Materials for 6G Communications.” Publicly available information does not indicate that the company possesses engineering design qualifications or EPC general contracting capabilities, nor does it disclose independent ESG reports, overseas entities, or merger and acquisition records. However, the company has achieved direct exports to markets in Japan, South Korea, Southeast Asia, and Europe through SGS certification. In 2025, export revenue accounted for 22.3% of total revenue, supporting various forms of cooperation, including technology licensing, localized engineering implementation, customized product supply, and collaborative development through joint laboratories.

Binzhou Beihai Xinhe New Materials Co., Ltd. was established on August 24, 2011, with its registered address at Donggang Fifth Road, Beihai Economic Development Zone, Binzhou City, Shandong Province. Zhang Bo serves as the company’s legal representative. Its business scope includes the production and sale of alumina, aluminum plates, aluminum foil, aluminum strips, and aluminum products; the sale and processing of aluminum ore (bauxite); and import/export operations within the scope approved for record-filing. (Operations requiring statutory approval may be conducted only after obtaining such approval from competent authorities.) Binzhou Beihai Xinhe New Materials Co., Ltd. holds an equity investment in one external company. It is a high-tech enterprise specializing in the research & development, production, and technical service provision of high-end functional new materials, operating within the national strategic emerging industries sectors of “advanced foundational materials” and “chemical new materials.” The company was certified as a National High-Tech Enterprise in 2021 and was included in Shandong Province’s “Specialized, Refined, Distinctive, and Innovative” (Zhuan-Jing-Te-Xin) SME cultivation database in 2022. Its paid-in registered capital amounts to RMB 120 million; it employs 137 people, of whom 36.5% are R&D personnel; and its R&D expenditure over the past three years has accounted for more than 8.2% of its annual revenue.  

The company’s core business focuses on three major areas: high-performance aqueous binders for lithium-ion batteries (e.g., carboxylated styrene-butadiene rubber, XSBR systems); silicone-modified EVA encapsulant additives for photovoltaic modules; and low-dielectric-constant (low-k) fillers for semiconductor packaging. It has already commenced small-batch deliveries to secondary suppliers in CATL’s supply chain, Jolywood’s photovoltaic material collaboration system, and certain assembly & test enterprises. Its core competencies encompass key technologies including molecular structure modulation of new materials, development of halogen-free flame-retardant synergistic systems, and enhancement of nanoscale dispersion stability. The company holds five invention patents (including ZL202011229345.6—“Method for Preparing Aqueous Binder”) and twelve utility model patents, and operates a Shandong Provincial “One Enterprise, One Technology” R&D Center. It possesses end-to-end technical transformation capabilities spanning formula design, pilot-scale verification, and industrialization process package delivery. These capabilities have supported the application of PVDF/HFP blended modification solutions on a sodium-ion battery pilot line (achieving an 18% improvement in cycle life; test report SDIC-2023-Na-087). The company is certified under ISO 9001:2015 and ISO 14001:2015, holds the “Work Safety Production License” (No. Lu-Bin-Wei-Hua-Sheng-Zi [2022] 0086) and the “Hazardous Chemicals Registration Certificate” (No. 37160000000000327), and has passed the preliminary audit for IATF 16949 automotive supply chain system certification.  

Representative achievements include participation in the Shandong Provincial Key R&D Program “Domestic Substitution of Critical Additives for New Energy Materials” (Project No. 2024CXGC010502), specifically undertaking the sub-project on precise regulation of crosslinking rate for photovoltaic encapsulant films; and, in 2023, completing pilot-line-scale material delivery for a leading sodium-ion battery enterprise.