The Dongwu Securities Research Report pointed out that Binhua Co., Ltd. is an established chlor-alkali enterprise with solid roots, and the Hong Kong stock listing is driving the transformation of the new materials business. With the “Beikun Plan” as its medium- to long-term core development strategy, the company launched a Hong Kong stock IPO in 2025, focusing on four major areas: green energy infrastructure, high-end electronic chemicals, R&D and production of new materials with high added value, and overseas market channel expansion. Considering the steady long-term profit level of the main caustic soda business, the boom is in a state of decline; the petrochemical business is expected to reverse with the support of domestic anti-domestic demand; the new materials business is booming, and the company's performance elasticity is remarkable. I am optimistic that the company will be a leading enterprise in the chlor-alkali industry. While consolidating its traditional main business, it will increase its layout in the fields of petrochemicals and new materials, and for the first time, it has been covered and given a “buy” rating.

The Dongwu Securities Research Report pointed out that Binhua Co., Ltd. is an established chlor-alkali enterprise with solid roots, and the Hong Kong stock listing is driving the transformation of the new materials business. With the “Beikun Plan” as its medium- to long-term core development strategy, the company launched a Hong Kong stock IPO in 2025, focusing on four major areas: green energy infrastructure, high-end electronic chemicals, R&D and production of new materials with high added value, and overseas market channel expansion. Considering the steady long-term profit level of the main caustic soda business, the boom is in a state of decline; the petrochemical business is expected to reverse with the support of domestic anti-domestic demand; the new materials business is booming, and the company's performance elasticity is remarkable. I am optimistic that the company will be a leading enterprise in the chlor-alkali industry. While consolidating its traditional main business, it will increase its layout in the fields of petrochemicals and new materials, and for the first time, it has been covered and given a “buy” rating.