NewTechWood Co., Ltd. 2026 Analysis Report on the Plan for Issuing A-Shares to Specific Targets
Definitions
| Term | Definition |
|---|---|
| Company, NewTechWood | NewTechWood Co., Ltd. |
| This Issuance, This Issuance to Specific Targets, This Issuance of Shares | NewTechWood Co., Ltd. 2026 Issuance of A-Shares to Specific Targets |
| Company Law | Company Law of the People's Republic of China |
| Securities Law | Securities Law of the People's Republic of China |
| Registration Management Measures | Administrative Measures for Registration of Securities Issuance by Listed Companies |
| Legal Application Opinion No. 18 | Opinions on the Application of Articles 9, 10, 11, 13, 40, 57, and 60 of the Administrative Measures for Registration of Securities Issuance by Listed Companies — Securities and Futures Legal Application Opinion No. 18 |
| Articles of Association | The Articles of Association of the issuer effective at the time of this analysis report |
| CSRC | China Securities Regulatory Commission |
| SZSE | Shenzhen Stock Exchange |
| Shareholders' Meeting | Shareholders' Meeting of NewTechWood Co., Ltd. |
| Board of Directors | Board of Directors of NewTechWood Co., Ltd. |
| Yuan, Ten Thousand Yuan, Hundred Million Yuan | RMB Yuan, RMB Ten Thousand Yuan, RMB Hundred Million Yuan |
Unless otherwise specified, all currencies in this analysis report are in RMB. Any discrepancies between the total and the sum of individual items in this report are due to rounding.
I. Background and Purpose of This Issuance
(I) Background of This Issuance
- National industrial policies provide solid support for industry development.
To implement top-level strategies such as carbon peaking, carbon neutrality, circular economy development, and green urban construction, the state and various ministries have issued a series of support policies in recent years to continuously promote the green and high-end transformation of the building materials industry. Policies explicitly encourage resource recycling, the research and promotion of green building materials, and the industrialization of solid waste-based composite materials. Wood-plastic composite materials are included as key supported categories, building a comprehensive support system from dimensions such as industrial scale targets, market promotion, foreign trade facilitation, consumption subsidies, and intelligent manufacturing, providing top-level guidance and policy dividends for the high-quality and sustainable development of the wood-plastic industry.
In 2024, the Ministry of Industry and Information Technology and ten other departments jointly issued the "Implementation Plan for High-Quality Development of the Green Building Materials Industry," clarifying that the national green building materials industry should maintain an average annual growth rate of over 10% from 2024 to 2026, with the industry's operating income target exceeding 300 billion yuan by 2026. The plan promotes green upgrades across the entire building materials industry chain from four dimensions: production transformation, product optimization, scenario application, and industry support, encouraging the development of low-carbon, recyclable, low-VOC, and formaldehyde-free new building material products.
- The global wood-plastic composite material market is growing steadily with broad development space.
Many countries around the world continue to increase support for the circular economy and green building materials, with supporting industrial policies being implemented intensively, laying a solid policy foundation for the continuous expansion of the wood-plastic composite material industry. The global unified promotion of building a resource recycling system and the development orientation of popularizing green and low-carbon building materials have clarified the path for the industry's long-term steady development and continuously injected growth momentum. According to Business Research Insights data forecasts, the global wood-plastic composite material market is expected to grow steadily from 9.97 billion USD in 2026 to 25.39 billion USD in 2036. Meanwhile, the Chinese market is expected to grow significantly from approximately 1.98 billion USD in 2026 to approximately 5.05 billion USD in 2036.