North Chemical Industries Co., Ltd.

North Chemical Industries Co., Ltd. (NCIC) is a manufacturing company listed on the Shenzhen Stock Exchange since 2008. The company specializes in the production of raw chemical materials and chemical products, with a focus on cellulose and its derivatives, chemical protection and environmental protection equipment, and special industrial pumps. Its key products include nitrocellulose, activated carbon, and slurry pumps, among others. NCIC has established itself as a significant player in the global market, particularly in the cellulose industry, and is recognized for its military-grade protective equipment. NCIC operates primarily in three business sectors: cellulose and its derivatives, chemical protection and environmental protection, and special industrial pumps. The company has over 60 years of experience in the chemical protection industry and is the sole provider of military-grade NBC protective equipment in China. In the special industrial pump sector, NCIC holds a substantial market share, particularly in pumps for phosphate compound fertilizers and flue gas desulfurization. The company's strategic focus includes enhancing technological innovation, expanding its market presence, and promoting coordinated development across its diverse industrial operations.

1. Development Strategy During the 15th Five Year Plan period, NCIC will build an industrial development platform, a capital operation platform, and an innovation empowerment platform; Promote the coordinated development of cellulose and its derivatives industry, chemical resistant and environmental protection industry, and special industrial pump industry; Efforts will be made to build a global leading innovation and development highland for the cellulose industry, a highland for the development of China's full range of special industrial pump industries, and a world-class highland for the development of chemical defense and environmental protection industry. Both endogenous and exogenous development will be emphasized, and the platform function of listed companies will be fully utilized to coordinate and promote the three major industrial sectors to achieve higher efficiency, resilience, and sustainability in high-quality development. - Industry of cellulose and its derivatives:Adhering to the responsibility of strengthening the army, strengthening the coordinated development of industries, and building a demonstration base for the comprehensive utilization of military civilian resources; Strengthen the leadership of technological innovation, and create a military civilian collaborative cellulose industry with the most complete product spectrum, the largest production and sales scale, the best process technology, the best production cost, and the most complete industrial chain, as well as a highland for innovative development of China's cellulose industry; Deepen industrial chain supplementation and extension, committed to becoming a leading global provider of innovative solutions for cellulose new material systems. - Chemical defense and environmental protection industry: Relying on the military technology advantages and focusing on the environmental protection and chemical resistant markets, NCIC would vigorously develop a diversified environmental protection and chemical resistant industry chain with activated carbon as the basic material, improve the market-oriented operation mechanism, unleash stronger growth momentum, and strengthen, optimize, and upscale the environmental protection and chemical resistant industry. - Special industrial pump industry:the company will focuse on the high-end market of special industrial pumps, upgrading from "localization substitution" to "original leading technological innovation" in key core technologies, and striving to become the "chain leader" of the special industrial pump industry chain. Promote enterprises to extend to the high-end of the industrial chain of "system service+intelligent service", follow the national "the Belt and Road" strategy, continue to expand the international market, improve the quality and efficiency of international operations, and commit to becoming a leading and world-class comprehensive solution provider for all series of special industrial pumps. - In terms of promoting the coordinated development of industrial diversification, based on the platform of a listed company, NCIC would promote the extension of the industrial chain, realize strategic synergy in resource allocation, reduce costs, and maximize overall benefits. It will effectively promote the role of capital market serving the development of the real economy, create a new pattern of coordinated development in the industrial cluster industrial chain, and promote the high-quality and healthy development. 2. Advantages of the company: special and valuable qualifications, top industry priority and popular brands, innovative technology, unique market operation ability, and a great team full of talents. Industry of cellulose and its derivatives: Since 2004, the company has been the leading enterprise in both production and sales, enabled to provide its customers with customized products; its "SNC" brand product is popular in over 50 countries and regions through its marketing networks. Chemical defense and environmental protection industry: This is undertaken by its wholly-owned subsidiary, i.e., Chemical Protection Equipment Research Institute, the only military guarantee research and production enterprise in China for national defense chemical protection facilities, a backbone enterprise in the R&D and manufacturing of national chemical defense equipment. It consists of a national gas mask and collective protection equipment mobilization center and a first class metering station for national defense chemical protection equipment. Its product has been provided to various forces, with advanced space purification and emergency protection equipment for Shenzhou Spacecrafts and Tiangong Space-station, making important contributions to national defense. Industry of special industrial pumps: This business is undertaken by one of its holding subsidiaries, The Pump Company, which has over 40 years of R&D and manufacturing experience, and is the only domestic enterprise that has introduced foreign corrosion resistant and wear-resistant pump design and manufacturing technology and special steel smelting and casting technology. With the advantage of core material casting, it participates in the establishing of national standards for special steel materials. Its products of more than 30 series and over 650 categories have been popular in over 40 countries and regions, with a nationally renowned trademark “525 Jitu” and a Hubei Province Famous Brand “525”.