Wuhan Qidakang Environmental Protection Technology Joint-stock Co., Ltd.

Wuhan Qidakang Environmental Protection Technology Joint-stock Co., Ltd. is a rapidly growing high-tech enterprise. Its production base is located in the Wuhan Yangluo Port Logistics Development Zone, a national first-class open port, with convenient transportation and a beautiful environment. Adhering to the historical mission of "Gas integrates all things, Tao ensures peace under heaven," the company is dedicated to the development and service of pressure-boosting equipment systems in the natural gas field. It steadfastly follows a path of specialization, distinctive features, high-end positioning, and brand development. The company tirelessly pursues providing customers with optimal overall technical solutions and becoming a long-term strategic partner trusted by customers, aspiring to become a globally renowned brand in gas pressure-boosting systems. Founded in 2007, the company currently has more than 150 employees, over 70% of whom hold a college degree or above, including 5 senior engineers, more than 10 personnel with intermediate professional titles, and 3 professor-level technical consultants. It possesses spacious and bright modern workshops covering an area of over 10,000 square meters, with an annual output of more than 200 units and a planned annual output value of approximately 150 million yuan. The company has always been committed to technological innovation. Its core management team has nearly 30 years of experience in compressor design and manufacturing. In cooperation with the Hydraulic and Pneumatic Technology Research Center of Huazhong University of Science and Technology, it launched a series of fully air-cooled vertical natural gas hydraulic compressors suitable for CNG daughter station working conditions, filling a domestic gap—the new energy-saving and environmentally friendly natural gas hydraulic compressor. It has obtained more than 30 national patents, won the National Technology Innovation Fund, and was among the first in the industry to pass whole-machine safety explosion-proof certification. It also led the drafting of the industry standard for hydraulic natural gas compressors for automobile gas stations (JB/T11422-2013). The company mainly provides station construction solutions for hydraulic piston-type daughter station compressors. Its new energy-saving and environmentally friendly natural gas hydraulic compressor, with many advantages such as "safety, energy saving, environmental protection, low investment, and simple structure," has been widely praised and favored by users. Its products have been used in more than 20 provinces (regions) across the country, with a leading market share, and have been recognized as a national technological innovation product by the Technology Innovation Fund Committee of the Ministry of Science and Technology. Its technological advancement, reliability, economic efficiency, and leading position have attracted nationwide attention. The company's newly developed CD series reciprocating symmetrical piston compressor features high speed, compact structure, and smooth operation, reaching the international advanced level. It is used for CNG mother stations and conventional stations, and its safety, reliability, and trouble-free operating time are comparable to similar foreign units. The company's newly developed plunger-type hydraulic compressor is used for wellhead gas recovery and similar working conditions. It has obtained a national invention patent, filled a domestic gap, and has broad market prospects. The company's continuous development and growth have also been highly recognized by the government and society. It has been successively rated as an advanced enterprise in quality construction in Wuhan, a harmonious enterprise in Wuhan, a second-level enterprise in safety production standardization in Hubei Province, a famous brand enterprise in Hubei Province, and a high-tech enterprise. During its third five-year development period, the company plans to build a product line covering key pressure-boosting areas across the entire natural gas industry chain, with all products featuring remote monitoring and maintenance functions. It aims to complete the transformation from a production-oriented manufacturing enterprise to a service-oriented manufacturing enterprise, with service revenue accounting for no less than 30% of total operating revenue. By the end of the "Third Five-Year" period, total revenue is striving to reach more than 300 million yuan, with annual net profit of no less than 30 million yuan. It will vigorously carry out the integration of informatization and industrialization, and build modern production plants featuring informatization and industrialization. The company was listed in May 2017 and will use this as an opportunity to accelerate capital operations, accelerate brand integration, enter the innovation tier, and successfully transfer to the ChiNext board.