Important Notice
This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial status, and future development plans, investors should carefully read the complete annual report published in designated media by the China Securities Regulatory Commission. All directors attended the board meeting to review this report. The audit opinion from Lixin Certified Public Accountants (Special General Partnership) on the company's financial report for the year is a standard unqualified opinion. Non-standard audit opinion prompt: □ Applicable ☑ Not applicable.
The company has not achieved profitability since its listing. □ Applicable ☑ Not applicable.
The profit distribution plan or capital reserve transfer plan reviewed by the board during the reporting period is ☑ Applicable □ Not applicable. The profit distribution plan approved by the board is as follows: Based on a total share capital of 100,000,000 shares as of December 31, 2025, a cash dividend of 1.00 yuan (tax included) will be distributed for every 10 shares to all shareholders, with no bonus shares (tax included), and a transfer of 3 shares for every 10 shares from capital reserves to all shareholders.
The board resolution on the preferred stock profit distribution plan for this reporting period is ☑ Not applicable.
Company Overview
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Company Profile
- Stock Abbreviation: Runyang Technology
- Stock Code: 300920
- Stock Exchange: Shenzhen Stock Exchange
- Contact Person and Information:
- Board Secretary: Peng Jiayuan
- Securities Affairs Representative: Shi Qiangying
- Office Address: No. 9, Changxing Avenue, Lijiaxiang Town, Changxing County, Huzhou City, Zhejiang Province
- Fax: 0572-6091252
- Phone: 0572-6202656
- Email: ir@zj-runyang.com
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Main Business or Product Overview
- (1) Main Products and Their Uses The company's main product is electronic irradiation cross-linked polyethylene (IXPE). IXPE is a non-toxic, environmentally friendly, and healthy material with excellent physical properties, including being non-toxic, odorless, shock-absorbing, noise-reducing, heat-insulating, corrosion-resistant, antibacterial, waterproof, comfortable to touch, and smooth. It is widely used as a high-performance base material in home decoration, automotive interiors, baby products, sports and leisure, consumer electronics, home appliances, and medical devices.
- (2) Industry Position Zhejiang Runyang New Materials Technology Co., Ltd. was established in 2012 and is one of the leading IXPE manufacturers in the domestic industry. With technological accumulation and quality advantages, the company has built a complete chain system of "R&D - Production - Certification - Market," highlighting its competitive advantages. The company focuses on the development of non-toxic, environmentally friendly polymer materials, with its main products applied in the home decoration sector for green and healthy living. Through large domestic PVC flooring manufacturers, it has entered the supply system of Home Depot, a top global home improvement retailer. The company emphasizes R&D and innovation while maintaining strict quality control. It has successfully passed the ISO9001:2015 quality management system certification, and its IXPE products have undergone rigorous testing by the internationally renowned consumer goods testing, inspection, and certification organization Intertek, including tests for formaldehyde, VOCs, and other harmful substances. The quality and performance of the company's IXPE products have met the standards of China, the United States, and the European Union, making it a leading brand in this application field. Meanwhile, the company has launched products like GFOAM to extend its product growth curve and expand its product categories to meet the high-end and functional needs of downstream customers in maternal and infant care and new energy cushioning foam, providing diversified product production and manufacturing solutions. The company adheres to the concept of continuous innovation and will continue to increase R&D efforts in new product areas to consolidate and enhance its leading position in the industry, meeting the ever-changing market and high-standard customer demands.