Huaxi Energy is a supplier of energy power equipment and technology system integration solutions dedicated to providing diversified energy system solutions and developing and continuing to implement more energy-efficient, cleaner and environmentally friendly energy conversion technologies. The company's main business is to optimize the design, manufacture and sales of energy-saving boilers and new energy comprehensive utilization boilers and related products.

Energy-saving + new energy boiler industry development

When referring to boilers, most people will inevitably think that they are traditional industries, their technological content is not high, and their development prospects are limited. However, in fact, under the background of vigorously promoting energy conservation and emission reduction, the energy-saving technologies of coal-fired boilers, the low-temperature heat utilization technologies of waste heat boilers, and the new energy power generation technologies using biomass, garbage, and sludge as fuels are subject to the national industry. The support and encouragement of structural adjustment policies and environmental protection policies have very broad application fields and development prospects.

In order to increase the efficiency of coal-fired power plants, the Chinese government strongly encourages new coal-fired power plants to adopt new energy-saving technologies. According to our country's plan, the development of clean energy by a large margin can form a potential reduction of CO2 emissions of 1,500 to 2 billion tons. In addition, there are still 10 to 1.5 billion tons of emission reduction gaps that need to be filled by clean coal and electricity technologies.

In the long run, to improve China's energy structure, we must actively develop renewable energy and new energy, and continuously increase the proportion of clean energy in China's primary energy consumption. Therefore, there is an excellent opportunity for the industry in the utilization of new energy boilers such as straw boilers and waste incineration boilers.

Leading domestic specialty boilers

Huaxi Energy has considerable competitive strength in the two markets of energy-saving boilers and new energy comprehensive utilization boilers, especially in the field of new energy comprehensive utilization of boilers, and is a domestic industry leader.

In the field of power station boilers, combining the characteristics of the industry and the strength of the company, Huaxi Energy will target its main target customers in the local power companies and the captive power plant market. By the end of 2007, Huaxi Energy had produced a total of 12,000 MW of power station boilers, which accounted for 3.5% of the total installed capacity of the country's self-owned power plants and local power generation companies (including others) at the end of 2007.

In the field of biomass boilers such as straw stoves, bagasse furnaces and waste incineration boilers, Huaxi Energy has many years of experience in biomass power generation design and manufacturing. As of December 31, 2010, Huaxi Energy has cumulatively designed and manufactured 31 biomass power boilers, among which Twenty-two units were put into operation and nine were under construction. It was a domestic manufacturer with independent intellectual property rights and obtained a number of patented technologies for purely burning straw boilers. In the field of waste incineration power plant equipment, Huaxi Energy is located in the forefront of second-tier boiler manufacturers.

In the field of blast furnace gas boilers, Huaxi Energy has the largest blast furnace gas furnace successfully operated by Maanshan Iron & Steel at 480t/h, and 50MW-level operation performances such as Panzhihua Steel and Xinjiang Bayi Steel Plant. The company's exports to South Korea's Hyundai Group's multiple sets of 100MW boilers burning four steel plant exhaust gas boilers are large-scale domestic power generation equipment exported to developed countries. In this area, West China’s energy technology and practicality rank ahead of the industry.

In the field of alkali recovery furnaces, Huaxi Energy is one of the two major domestic alkali furnace production enterprises. In the past three years, Huaihua 2200 tds/d high-pressure boilers (and sub-contracted by ANDRITZ), Jingui 400 tds/d APMP, Pushan 500tds/d, and Yongyue 1,000tds/d high-pressure alkali recovery boilers have been developed. , ranking second in the domestic alkali furnace manufacturing industry.

Three major advantages to build a barrier to competition

After years of unremitting efforts, Huaxi Energy has laid a solid foundation in terms of technology, performance and market, and has built up strong barriers for future market competition.

In terms of technology research and development, the company has strong technical development capabilities, established a domestic first-class technology research and development center, and has a leading boiler research and development software and hardware platform and experimental environment. Since its establishment, the company has been focusing on the research and development of energy-saving and emission-reducing new energy boilers, and has developed domestically-leading coal gangue, petroleum coke, oil shale, biomass, alkali recovery, oil and gas and blast furnace gas, and coal powder. The high-tech boiler technology of fuels has won 26 national patents such as biomass fuel boilers, boiler grate and water-cooled wall sealing devices, and water-cooled vibration grate. In 2008, the company's biomass straw direct-fired boilers and pure-fired petroleum coke circulating fluidized bed boilers were respectively listed as “National Key New Products” and “National Torch Plan Projects” by the Ministry of Science and Technology.

In terms of product performance, after years of development, each series of products has not only created Huaxi Energy's "burning cleanliness, excellent performance, excellent service" features, but also a number of products in the industry have a good track record of operation, for the company has won precious reputation. In the field of clean burning, the company's boiler products have a wide range of fuel adaptability, and they have a role in off-gassing and denitrification (NOX). Especially in the 200MW-class circulating fluidized bed boiler unit, there have been many design and manufacturing performances. The fuel covers coal gangue and poor quality. Coal and so on. In the field of new energy utilization, the biomass furnace fuel developed independently by the company has a wide adaptability, and it has been adapted to 9 different types of fuels. The successful operation of the 75t/h pure-burning straw power generation boiler in the Zhongze Hongze biomass power generation project was established. The company's leading position in this field. The company's self-developed blast furnace gas boiler had passed the appraisal organized by the China Thermal Power Branch on December 22, 2007, and was highly evaluated. For the recovery boilers, the 4,500tds/d ton-alkali recovery boilers subcontracted by Andritz in Finland are currently large-scale generators of the same type in the world.

In terms of sales network and customers in the market, the company's products have stable performance, excellent quality, good operability, and timely service. The customers range from power, petroleum, metallurgy, chemical, sugar, paper, textile and other industries. Through years of hard work and accumulation, it has established a sales system covering many provinces, cities, and regions in the country, and established with five major power companies, local major power companies, major design institutes, and China National Machinery Import and Export Corporation. Good cooperation and business contacts.

Capital Leverages Industry Development Masters

Due to the strong market demand, the actual output of Huaxi Energy in recent years has greatly exceeded the company's production capacity. The company's production scale has become a bottleneck restricting further development. At the same time, with the changes in the market, the company’s technical capabilities have also raised higher and higher requirements. Therefore, it has become a strong requirement for the company’s development to expand its production capacity and enhance its R&D capabilities.

Therefore, the proceeds from the listing will be mainly invested in two projects: "Technology Marketing Center and Special Boiler Research Base" and "Rump Rafter R & D and Manufacturing Base Construction."

After the completion of the "Technology Marketing Center and Special Boiler Development Base" project, it can meet the company's current production capacity requirements, and it is also conducive to the adjustment of product structure to provide guarantee for the company's leap-forward development. According to preliminary estimates, the sales revenue will be RMB 750 million and the net profit will be RMB 61.50 million. After the completion of the R&D and manufacturing base for garbage grate, the project will realize the independent supply of garbage grate and enhance the supporting capacity of key components of waste incinerators. Improve the competitiveness of the company's products and expand the market share of the company's waste incinerators. According to calculations, the raised capital project will realize sales revenue of 244.84 million yuan and net profit of 22.74 million yuan.

Looking ahead, Huaxi Energy adheres to the differentiated development strategy and firmly establishes the development path of “to do fine power station boilers, strengthen special boilers, optimize the boilers in service, and resolve solutions”. It is expected to become a domestic first-class and internationally renowned within the next three to five years. New Energy Utilization System Solution Providers and Service Providers.