Established in 1979, ShengquanNew Materials Co.,Ltd is a high-tech enterprise specializing in bio-manufacturing and advanced chemical materials. For over 45 years, the company has been dedicated to pioneering innovations in synthetic resin development and building energy saving materials, positioning itself as a global leader in these industries. On August 10, 2021, Shengquan was listed on the Shanghai Stock Exchange (stock code: 605589).
Shengquan has evolved alongside the times, staying aligned with market reforms. Our production base now spans over 4,669,000 ㎡, with more than 5,000 employees and total assets amounting to 14.5 billion RMB. Shengquan operates 50 subsidiaries and 10 production facilities worldwide, adhering to the principle of “Driven by Your Needs”. Our products are exported to over 50 countries and regions, including Europe, North America, and Southeast Asia, where we consistently provide highly competitive solutions to a diverse client base.
At Shengquan, growth is fueled by transformation, and progress is anchored in innovation. Our R&D capabilities are bolstered by a team of 500 researchers, 16 specialized institutes, an annual R&D expenditure of 430 million RMB, and strategic partnerships with over 50 universities and research institutions. Our products line include phenolic tube, phenolic foam, phenolic resin. With over 1,200 patents and more than 100 industry standards set, innovation is at the core of our success. Shengquan has been recognized as a National Technology Innovation Demonstration Enterprise and a National Intellectual Property Model Enterprise. We are also a key leading enterprise in new materials for building. Additionally, we rank among the Top 500 Private Manufacturing Enterprises in China. As a trusted supplier of cutting-edge materials, we have contributed to high-profile projects such as thermal insulation for the “Shenzhou” spacecraft return capsule, cladding materials for the fourth-generation nuclear power plants, thermal protection for commercial space missions, and fireproof insulation board for batteries used in new energy vehicles. Our lightweight, fire-resistant materials for the “Fuxing” high-speed trains, along with our role as a domestic leader in building materials chemical materials, underscore our dedication to innovation and excellence.
