Hengchuan Technology | New Year's Message

All colleagues and friends:
    The annual sequence changes, and the new chapter appears day by day. At this beautiful moment of bidding farewell to the old and welcoming the new, on behalf of Hengchuan Technology, I would like to express our sincerest gratitude and highest respect to the vast number of customers, investors, partners, and friends from all walks of life who have long cared for and supported the development of the company! Sincere greetings and best wishes to all the hardworking employees!  
    When thousands of sails compete to unleash the power of the east wind, it is the time to set sail for a long journey. In the past year, national and local policies have continued to strengthen the lithium battery industry, and the positive trend can be described as strong. The highly anticipated Energy Law has been officially introduced, which is an important milestone in the energy transition and will further promote the high-quality development of the energy storage industry. The Ministry of Industry and Information Technology has launched a new regulation for the lithium battery industry, and the industry continues to grow. The Battery Film Special Committee of the China Plastics Association has released an initiative to promote the healthy development of the battery separator industry, and the implementation of production based on sales and achieving effective development is becoming a collective consensus in the separator industry.
    Looking back at 2024, we will ride the wind and waves, and move forward bravely. This year, the company worked together and forged ahead, and the order volume and shipment volume of the Jiangsu and Anhui bases showed a good development momentum, steadily increasing its market share in the diaphragm market. The installation of diaphragm mainline equipment in Jiangxi base has entered the final stage, starting a new journey of project construction. We have successfully achieved our annual goals and stood at the forefront of the increasingly fierce market competition. Winning the title of National Specialized, Refined, Unique and New "Little Giant" Enterprise within the year is the highest praise and recognition for Hengchuan Technology!
    In 2024, the world situation will be turbulent and intertwined, but the general direction of human development and progress will not change, people of all countries will have a stronger desire for a better life, and the trend of the times of peace, development, cooperation and win-win will be unstoppable. In the past year, the number of countries proposing carbon neutrality targets has increased to 151, and 120 countries have incorporated carbon neutrality targets into their legal policies. The global trend of accelerating the transition to green and low-carbon development is irreversible. The market predicts that the global installed capacity of batteries will reach over 7000 GWh by 2030, and the demand for separators is expected to exceed 100 billion square meters, of which over 85% of the shipment volume will be provided by Chinese companies. The market size of the lithium battery separator industry is expected to continue to expand in the future, and the competition in the industry will not only be limited to product quality, but also to technology and market share.
    There are no shortcuts in the process of entrepreneurship, opportunities are always reserved for those who are prepared. Hengchuan Technology has independently developed and designed an 8.5-meter ultra wide wet process diaphragm production line, which has been fully put into operation. The product has reached the leading domestic and international levels in terms of consistency, uniformity, and yield. With advanced technology and cost advantages, it has a significant leading advantage in the diaphragm business field and has received unanimous praise from many customers. We need to seize the opportunity of development strategy, innovate research and development formulas and technological processes, continuously improve differentiation and customized services, and strive to provide customers with higher quality, efficient, safe, and environmentally friendly diaphragm products.
    Looking ahead to 2025, we are full of confidence and passion. Continuously breaking through is the key to unlocking infinite possibilities. In the new year, we will continue to uphold the value concept of "striving for excellence and doing difficult but right things", improve the technological level and innovation endogenous power of the enterprise, promote the iterative upgrading of diaphragm products to higher performance, strengthen technological research and development innovation, lean management to reduce costs and increase efficiency, accelerate the layout of overseas markets, and meet new opportunities and challenges with more enthusiasm and pragmatic style. At the same time, the company will continue to care for its employees, prioritize safety, focus on quality, pursue excellence, and create a first-class benchmark in the industry.
    If the moon hadn't arrived yet, street lamps could still shine on the windowsill. Let's build dreams with ingenuity, create with hard work, lead the future with innovation, forge brilliance with quality, win the market with service, strive for greater achievements in the "breakthrough year", jointly write a magnificent chapter in the development of Hengchuan Technology, deliver a satisfactory answer to customers, contribute to the modernization of harmonious coexistence between man and nature, and work hard to become a leading enterprise in the global new energy materials field!
    In the new year, may our career thrive! May our lives be happy and fulfilling! Finally, I once again wish all new and old friends, employees, and their families a happy and healthy New Year's Day, and all their wishes come true!
                                                                                                                                                           

                                                                                                                                                         Chairman of Hengchuan Technology: Deng Bin
                                                                            - HAPPY NEW YEAR -