Hubei Pingan Electrical Materials Co., Ltd.

Company Profile of Hubei Pingan Electrical Technology Joint-stock Co., Ltd. (Stock Code: 001359)

I. Basic Company Information and Industry Position
Hubei Pingan Electrical Technology Joint-stock Co., Ltd. (hereinafter referred to as "Pingan Electrical") was established in 1991, having devoted 35 years to the field of high-temperature-resistant mica insulation materials. On March 28, 2024, it was successfully listed on the Main Board of the Shenzhen Stock Exchange, opening a new chapter of capital-empowered high-quality development. As a frontrunner in the global mica insulation materials field, the company is the Chairman Unit of the Mica Professional Committee of the China Non-Metallic Minerals Industry Association and a National Manufacturing Single Champion Demonstration Enterprise. It leads the formulation of national technical standards for mica insulation materials, establishing a foundation for global competitiveness through industry discourse power.
The company possesses a garden-style industrial park and internationally first-class production lines, and has been awarded honors such as National Green Demonstration Factory and National Harmonious Labor Relations Creation Demonstration Enterprise. It promotes sustainable industry development through green intelligent manufacturing and low-carbon emissions, and is one of the leading enterprises in the global mica insulation materials field and a core engine for the upgrading of China's mica insulation materials industry.
II. Product System and Market Layout
Pingan Electrical has built a competitive landscape across the entire mica insulation materials industry chain, covering three core segments: high-temperature-resistant mica insulation materials, special inorganic fiber materials, and new energy safety protection composite materials, forming complete solutions from basic raw materials to high-end composite materials, with products possessing cost advantages and technological synergy effects.
Core products include insulating mica paper, special inorganic fiber materials, alkali-free fiberglass cloth, fire-resistant mica tape, high-temperature-resistant mica board, mica special-shaped parts, silica crystal heating elements, thermal runaway protection insulation parts for new energy vehicles, etc. They are widely used in high-precision and advanced fields such as new energy vehicles, energy storage systems, solid-state batteries, wind power and photovoltaics, aerospace, and integrated circuits, providing customers with systematic solutions for electrical insulation, thermal protection, high strength and lightweight, etc.
Global strategy advanced in depth:
• Market network: Covering 50 countries and regions worldwide, with strategic cooperation established with over 800 well-known domestic and international enterprises including Tesla, CATL, CRRC, and Dyson. Domestically, it radiates nationwide with the Yangtze River Delta and Pearl River Delta as cores; overseas, it builds a near-regional service system with Southeast Asia, Europe and America as pivots.
• Production capacity layout: Wuhan new energy base and Pingan Malaysia base have been successively put into production, and the African mica resource operation base is accelerating its layout, which will form a global supply chain guarantee system of "resources + R&D + manufacturing".
III. Technical Advantages and Innovation Capabilities
With "technology-based enterprise" as its core strategy, the company builds an integrated innovation ecosystem of "industry-university-research-application":
• R&D platforms: Establishing high-end platforms such as provincial enterprise technology centers, academician workstations, and postdoctoral industrial bases, undertaking multiple provincial and municipal key scientific research projects, and breaking through "bottleneck" technical challenges in high-end mica materials.
• Patents and certifications: Having obtained a cumulative total of 150 invention and utility model patents. Products have passed international authoritative certifications such as UL and TÜV, comply with stringent standards such as RoHS and REACH, and the quality management system covers global norms such as IATF16949 and ISO9001.
• Standard promotion: Leading or participating in the drafting of national and industry standards, consolidating market dominance through technical barriers.
IV. Strategic Planning and Development Vision
Facing the "dual carbon" strategy and global energy transformation, Pingan Electrical anchors three major development directions:
1. Seizing the new energy track: Focusing on electric vehicles, energy storage systems, and wind power and photovoltaic markets, accelerating the R&D and capacity release of new energy insulation materials, and creating new growth curves.
2. In-depth global layout: Building a mica resource base in Africa and an R&D and production base in Southeast Asia, strengthening the resilience of the global industrial chain.
3. Innovation-driven model upgrading: Building a collaborative system of "multiple R&D centers" in Wuhan, Tongcheng, and overseas, and reconstructing the manufacturing ecosystem with digital and intelligent technologies.
The company is committed to becoming a trustworthy exemplar in the global high-temperature-resistant insulation materials field, promoting industry progress and human safety development through technological contributions.
V. Social Responsibility and Sustainable Development
Pingan Electrical integrates social responsibility into its development DNA, practicing the concept of "green intelligent manufacturing, shared win-win":
• Environmental practices: Reducing energy consumption through low-carbon processes and clean production, and being awarded National Green Factory Demonstration Enterprise.
• Public welfare commitment: Engaging in the "Ten Thousand Enterprises Helping Ten Thousand Villages" targeted poverty alleviation action, and being awarded National Advanced Private Enterprise.
• Employee care: Building a safe and healthy working environment, providing career growth channels, and achieving mutual growth of employees and the enterprise.
VI. Talent Strategy and Organizational Culture
The company upholds the concept of "craftsmanship builds quality, talent drives the future", building a full-lifecycle talent management system:
• Talent attraction mechanism: Recruiting high-quality talent with an international perspective, and establishing cooperation mechanisms for high-level talents such as academicians and postdoctoral researchers.
• Talent cultivation platform: Cultivating composite technical and management elites through industry-university-research cooperation, skills training, and innovation incentives.
• Talent retention ecosystem: Uniting people through career, achieving people through platform, retaining people through value, and building an enterprise culture of "professionalism, excellence, steadiness, and growth".
Standing at the new starting point of listing, Pingan Electrical will take capital as wings, technology as the core, and the globe as its layout, continuously promoting innovation in the mica insulation materials industry, and contributing "Pingan strength" to the global electrothermal industry and human safety development. We sincerely invite global talents to join hands toward an intelligent manufacturing future!