Secretary General Meng Yijie witnessed the successful listing of Baogai New Material, jointly promoting the innovative development of composite material cable gutter cover plate in

On September 9, 2024, Shandong Baogai New Material Technology Co., Ltd ("Baogai New Material", stock code: 874551) was officially listed in the National Small and Medium-sized Enterprises (SME) Stock Transfer System. This exciting moment signifies that Baogai New Material has entered a new stage of development, and has injected a strong impetus for the future development of the enterprise. Mr. Meng Yijie, Secretary General of China Composites Industry Association, was invited to witness this historic moment with guests from all walks of life.

As a director unit of China Composites Industry Association, Shandong Baogai New Material Technology Co., Ltd. is a leading enterprise in the composite material trench cover industry. With excellent quality and innovation ability, Baogai New Material occupies a leading position in the market, and its composite cable trench cover products have been leading the domestic market share for five consecutive years. The company's products have been successfully applied in a series of benchmark projects such as Beijing Tiananmen Gate repair, Sichuan-Tibet Railway, China-Laos Railway and Mekong River Coast Comprehensive Improvement Project, which fully demonstrates Baogai New Material's brand strength and technical advantages.

Secretary General Meng Yijie said that the successful landing of Baogai New Material in the capital market is a new starting point for the enterprise's technological innovation and high-quality development, marking the solid progress of the enterprise in capital operation and standardized operation. He pointed out that Baogai New Material has made breakthroughs in the field of composite materials over the years, and has grown to be a leader in the segmented field relying on its strong R&D capability and strict quality control. He hoped that Baogai New Material would take this listing as an opportunity to further strengthen the all-round innovation in management, technology and products, and continuously improve its core competitiveness.

Mr. Meng Yijie, the Secretary General, also said that in the future, China Composites Industry Association will fully support Baogai New Material to plough into the field of composite materials, help it make greater breakthroughs in technology research and development, market expansion and standardization, and jointly push forward the development of the composite materials industry cluster, and make contributions to the innovation and upgrading of the industry as well as high-quality development.

Baogai New Material's original design principle of buckle groove trench cover plate has successfully broken through the industry problem of cable trench water seepage, and significantly improved the waterproof and sandproof effect of the trench cover plate, which has won wide recognition. On this basis, the company took the lead in formulating the group standard T/CIA 002-2022 "Composite Cable Trench Cover Plate" of China Composites Industry Association, which is the first batch of successful cases since the resumption of the association's standardization work. In addition, Baogai also participated in the formulation of other group standards such as T/CIET 381-2024 "Smart City, Smart Well Cover Service Functions and Operation and Management Specifications", which further consolidated its leading position in the industry. With its excellent performance in technological innovation and standardization work, BaoGai New Material has become a well-known enterprise in the field of composite material trench covers, and has made outstanding contributions to promoting the progress of the industry.

With the ringing of the opening bell, Baogai New Material officially entered the new journey of the capital market. This historic moment not only opens a new development opportunity for Shandong Baogai New Material Technology Co., Ltd, but also injects a strong impetus for China's composite cable trench cover industry.

We expect that Baogai new material can fly on the stage of the capital market, and create a new chapter in the industry with more outstanding achievements, and create another brilliant future.