Guangdong Province specializes in special new small and medium-sized enterprises, focusing on industrial hoses and assemblies, modified engineering plastics.

In recent years, the output of industrial hoses in China has increased year by year, especially with the improvement of the level of mechanization in China and the application of new materials, the pipe belt industry continues to penetrate into related fields, expanding the scope and field of application of industrial hoses. The IEA (International Energy Agency) predicts that as the global economy recovers, global oil consumption is expected to reach 0.104 billion barrels per day in 2026. With the further development of China's oil development and the recovery of global oil consumption, the demand for hose in the oil industry will continue to increase.

The petroleum industry is one of the important industries of the national economy. The drilling and production of onshore oil and gas fields and offshore oil fields require not only a large number of drilling and shock-absorbing hoses, but also a large number of oil transmission hoses. The oil and gas industry has grown steadily in recent years, and domestically, according to the National Bureau of Statistics, China's crude oil production was 198.976 million tons in 2021, up 2.16 percent from 194.7686 million tons in 2020.

Industrial hose market space is vast, 2024 global market size will reach $17 billion. Rubber hose is a widely used rubber products, the scope of application involves petroleum, chemical industry, engineering machinery, mining, metallurgy, construction, automobile, aviation, navigation, agriculture, forestry and horticulture, medical, household and many other fields.

Modified engineering plastics are intermediate products in the petrochemical industry chain, and are new materials industries encouraged by the state. With the vigorous development of China's home appliances, automobiles and other industries, the application of modified engineering plastics will be more extensive, and the application proportion will continue to increase. The application prospect of China's modified engineering plastics market is broad.

In terms of performance, in the third quarter of 2023, the company achieved operating income of 0.1195 billion billion yuan, an increase of 7.21 percent over the same period last year, and net profit of 15.88 million billion yuan, an increase of 13.87 percent over the same period last year.