The difference between China Haohua and Sinochem Blue Sky

From the perspective of the equity structure system, Haohua Technology (600378) is affiliated to China National Chemical Corporation, and its main businesses are fluorine materials, special gases, special rubber and plastic products, fine chemicals and technical services. plate.

Currently, Haohua Technology has added fluororesin, fluororubber, nitrogen trifluoride, rubber sealing products, aviation tires, special coatings and other products to serve many core industries of the country's military and civilian products.

Sinochem Blue Sky Group Co., Ltd. (hereinafter referred to as Sinochem Blue Sky) is affiliated to China Sinochem Group Co., Ltd., relying on a complete scientific research system, stable industrial operation experience and an integrated operation mechanism of research, production and marketing. Providing fluorine chemical products and solutions to more than 50 countries and regions around the world.

At present, following the value concept of "science first", Sinochem Blue Sky takes scientific and technological innovation as its soul. Its subsidiary Zhejiang Institute of Chemical Industry is the national engineering technology research center for ozone-depleting substance substitutes and fluorine-containing greenhouse gas substitution. As a supporting unit of the National Key Laboratory of Control and Processing, it has independently developed more than 40 ODS substitute varieties, and has a large number of independent intellectual property rights in the fields of new energy, new materials, new environmental protection and other fields.

Sinochem Blue Sky has 35 professional research laboratories and more than 700 scientific research talents in various fields, and has accumulated nearly 100 industrialization achievements; it has won 2 second-class national science and technology awards, He has received more than 190 awards in various categories; he has undertaken 11 national “863” and science and technology support plan projects, presided over the formulation of 40 national and industry standards, and applied for a total of 910 patents.

At present, Sinochem Blue Sky’s main production bases are located in 19 provinces and 19 cities. Its business covers fluorocarbon chemicals, fluorine-containing fine chemicals, fluoropolymers, lithium battery chemicals, inorganic fluorine, etc., and produces more than 50 products. varieties, widely used in more than 20 fields such as automobiles, home appliances, new energy, etc., and many varieties have leading domestic/global market shares.

From the perspective of fluorine chemical business, the overlap between Haohua Technology and Sinochem Blue Sky is very high!

Today, Sinochem Group Co., Ltd. and China National Chemical Corporation have merged to form "Sinochem Holdings Co., Ltd." (hereinafter referred to as Sinochem Holdings), then Haohua Technology and Sinochem Blue Sky Already belong to a member company of the same group. As a result, Haohua Technology and Sinochem Blue Sky have become "blood brothers".

Obviously, for such a large Sinochem Holdings, its businesses must have a high degree of overlap, which involves solving the problem of horizontal competition among listed companies.

Recently, Haohua Technology has issued an announcement. According to the information held by China National Chemical Corporation and confirmed by Haohua Technology, in order to avoid horizontal competition with Haohua Technology and protect Haohua Technology and its small and medium-sized shareholders To protect their interests, China National Chemical Corporation and China Haohua have issued commitments on resolving and avoiding horizontal competition.

However, the horizontal competition situation after the completion of this acquisition. After the completion of this acquisition, Sinochem will hold 100 shares of China National Chemical Corporation and 100 shares of Sinochem Group through free transfer. The holding company, China Haohua, remains the controlling shareholder of Haohua Technology.