Sinofibers Technology Co.Ltd(300777) : Everbright Securities Company Limited(601788) listing recommendation letter on Sinofibers Technology Co.Ltd(300777) issuing shares to specific objects

Everbright Securities Company Limited(601788)

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Sinofibers Technology Co.Ltd(300777) issue shares to specific objects

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Listing recommendation

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March, 2002

Everbright Securities Company Limited(601788)

About Sinofibers Technology Co.Ltd(300777)

Listing recommendation letter for issuing shares to specific objects

Shenzhen Stock Exchange:

As a recommendation agency for Sinofibers Technology Co.Ltd(300777) (hereinafter referred to as ” Sinofibers Technology Co.Ltd(300777) ,” issuer “and” company “) to issue shares to specific objects and list on GEM, Everbright Securities Company Limited(601788) and its recommendation representative have been in accordance with the company law of the people’s Republic of China (hereinafter referred to as the company law) The securities law of the people’s Republic of China (hereinafter referred to as the Securities Law) and other laws and regulations, as well as the relevant provisions of the CSRC and Shenzhen Stock Exchange, are honest, trustworthy, diligent and responsible, issue the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, and ensure that the documents issued are true, accurate and complete.

The relevant information is reported as follows: I. Basic information of the issuer (I) overview of the issuer

Chinese Name: Sinofibers Technology Co.Ltd(300777)

English Name: sinofibers Technology Co., Ltd

Registered address: No. 6, Xingfeng Road, Xinbei District, Changzhou City, Jiangsu Province

Office address: No. 6, Xingfeng Road, Xinbei District, Changzhou City, Jiangsu Province

Registered capital: 400.01 million yuan

Date of establishment: April 28, 2008

Listing date: May 16, 2019

Legal representative: Yang Yonggang

Place of stock listing: Shenzhen Stock Exchange gem

Stock abbreviation: Sinofibers Technology Co.Ltd(300777)

Stock Code: Sinofibers Technology Co.Ltd(300777)

Tel: 8 Yantai North Andre Juice Co.Ltd(605198) 9620691

Email: [email protected].

Development, manufacturing, sales, technical service and technical support of high-performance carbon fiber, fabric, composite materials and related products

Business scope: consulting; Self operated and acting as the import and export business of various commodities and technologies, and the state restricts the operation of enterprises or prohibits the import and export

Except for goods and technology. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)

(II) main business

The issuer is a high-tech enterprise specializing in the R & D, production, sales and technical services of high-performance carbon fiber and related products. It is a domestic R & D manufacturer of high-performance carbon fiber and related products with completely independent intellectual property rights. It has the engineering industrialization ability of high-strength zt7 series (higher than T700), zt8 series (T800), zt9 series (T1000 / t1100) and high model M40J and m40x graphite fiber, It has become a batch stable supplier of zt7 series (higher than T700) carbon fiber products in China’s aerospace field.

High performance carbon fiber has a series of excellent properties that cannot be replaced by other materials, such as light weight, high strength, high modulus, conductivity, heat conduction, high temperature resistance, corrosion resistance, erosion resistance and sputtering, good designability and composability. It is an indispensable strategic emerging material in the field of aerospace and national security. Therefore, it has been monopolized and embargoed by developed countries led by the United States and Japan for a long time. After long-term independent research and development and mass production, the issuer’s domestic zt7 series (higher than T700) carbon fiber has broken the technical blockade and monopoly of developed countries on high-performance carbon fiber, and all technical indicators have reached or exceeded the international level of similar products. The company’s high-performance carbon fiber products have passed the strict product verification of customers and have been stably applied in China’s aerospace field in batches, meeting the national strategic needs.

Since its establishment, the company has always adhered to the development strategy of “leading technology, focusing on application, in-depth development of technology and vertical and horizontal development of application”. It is committed to building a domestic customizable, flexible and intelligent production line. It has strong competitiveness in terms of technical grade, profitability, application level and equipment water equality. (III) core technology

After years of technological innovation and production practice, the company has developed a series of high-performance carbon fiber products with acrylonitrile as raw material, formed a number of core technologies (see the table below), and produced carbon fiber products such as high-strength zt7 series (higher than T700 level), zt8 series (T800 level) and graphite fiber products such as high model zm40j (M40J level).

Serial number technology name core technology to correspond to the patent

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Serial number technology name core technology to correspond to the patent

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(1) “Method for preparing polyacrylonitrile spinning solution” (2) “a method for preparing carbon fiber spinning solution” 1. Preparation method of polyacrylonitrile based carbon fiber spinning solution for the preparation of high-performance carbon fiber (3) synthesis process of spinning solution (4) preparation method of high-performance polyacrylonitrile carbon fiber (all invention patents)

2. Instantaneous discharge of reaction heat for rapid synthesis of pan and self-developed / original non patented technology

Initial innovation of gel inhibition technology for spinning raw solution

3. Self developed / original non patented technology of T700 poly with 1K, 3k, 6K and 12K specifications

The compatible preparation technology of acrylonitrile precursor and carbon fiber began to innovate

4. Independent research and development of multi spinning position T700 PAN precursor spinning technology / original multi-media filter (utility model)

Start innovation

5 T700 PAN precursor spinning speed improvement key independent research and development / original non patented technology

Technology innovation

Equipment structure suitable for preparing T700 Carbon Fiber (1) polyacrylonitrile carbon fiber sizing, drying and shaping 6 structure accuracy and micro control technology, and established a special independent research and development / original device (invention patent) (2) processing technology standard and equipment performance innovation extension device of precursor drawing equipment for carbon fiber (utility model)

Parameter reference standard

7 removal and recovery of residual acrylonitrile monomer independently developed / original technical innovation equipment for tail gas absorption and treatment in carbon fiber production process (utility model)

8. Independent research and development of dimethyl sulfoxide recovery in the process of raw silk preparation / original innovative preparation of dimethyl sulfoxide recovery equipment technology in the production process of carbon fiber dimension (utility model)

9 independent research and development of PAN precursor wet spinning rapid spinning solidification molding technology / original non patented technology

Technical innovation

10. Design of thermal hot air circulating oxidation device and independent research and development of pre oxidation / innovation of the original air sealing equipment of pre oxidation furnace (utility model) technology

11 design of wide caliber high temperature carbonization furnace and independent research and development of high temperature carbonization / original non patented technology

Technology innovation

12 high efficiency and fast carbon fiber surface treatment new technology independent research and development / original non patented technology

Start innovation

(1) Polyacrylonitrile carbon fiber dimension production device (2)

13 hundred ton T700 Carbon fiber production equipment integrates independent research and development / polyacrylonitrile carbon fiber sizing device (3), polyacrylonitrile carbon fiber drying device with innovative polymerization technology (4) polyacrylonitrile carbon fiber shaping device (all utility models)

Independent research and development of 14100 ton T800 carbon fiber stabilization preparation / original non patented technology

Technology innovation

15 20 t / a M40J graphite fiber batch preparation technology independent research and development / original non patented technology

Technical innovation

16 independent research and development of zt9h high strength and high modulus carbon fiber preparation technology / the original has not applied for relevant patents yet

Start innovation

17 independent research and development of zt9e high strength and high modulus carbon fiber preparation technology / the original has not applied for relevant patents yet

Start innovation

Serial number technology name core technology to correspond to the patent

source

18 independent research and development of m40x high strength and high modulus carbon fiber preparation technology / the original has not applied for relevant patents yet

Start innovation

(IV) R & D level

Since its establishment, the company has always adhered to the development path of “in-depth development of technology and vertical and horizontal development of application”. With many years of technical accumulation and talent reserve in the carbon fiber industry, the company has become one of the few enterprises in China that can realize the batch and stable large-scale production of high-performance carbon fiber.

The performance of zt7 series high-performance carbon fiber produced by the company is higher than that of T700 Carbon Fiber of Toray, Japan, breaking the monopoly of the United States, Japan and other developed countries in the high-performance carbon fiber market and contributing to China’s independent control in the field of high-performance fiber.

The company has 16 invention patents and 26 utility model patents. It is a high-tech enterprise and science and technology small giant enterprise in Jiangsu Province, and has been approved by the Ministry of industry and information technology to specialize in special new small giants in manufacturing industry. At present, the company has established Jiangsu high-strength medium model carbon fiber engineering center and Jiangsu high-performance carbon fiber and composite engineering technology research center, which has undertaken the R & D of a number of national and Jiangsu carbon fiber projects and promoted the development of China’s carbon fiber industry. The company has always attached great importance to the development and innovation of new products and technologies, and takes the research and development of new products as an important guarantee for the company to maintain its core competitiveness. By increasing R & D investment and independent innovation, the company promotes the R & D of carbon fiber products, and expands the application fields of carbon fiber products in combination with practical production experience, so as to meet the changing market demand. At the same time, the company pays close attention to the international market and technological development trends, and actively absorbs advanced technology by organizing relevant personnel to study and cooperating with Chinese scientific research institutions, so as to improve the company’s R & D level. (V) main operating and financial data and indicators

1. Main financial data of the company

(1) Main data of balance sheet

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