Shandong Donghong Pipe Industry Co., Ltd.

Based in Jining, China and founded in 2008, Shandong Donghong Pipe Industry Co. , Ltd. is a manufacturer of different kinds of plastic pipes and other advanced materials and chemicals. The company is an affiliated company of Shandong Donghong Group which was established in 1997.

In December 2013, Shandong Donghong Pipe Industry Co. , Ltd. was converted into a joint stock company. In November 2017, the company was listed on the Shanghai Stock Exchange under the ticker ‘603856“.

In January 2025, Shandong Guohui Capital, Chuhou State-owned Assets Private Equity Investment Fund, AEGON-INDUSTRIAL Fund Management, Zhejiang Orient Group Industry and Finance Investment, Lord Abbett China Asset Management Co. ,ltd. , Qingdao High Innovation Sci-Tech Capital Operation Co. , Ltd, Agricultural Bank of China, Industrial and Commercial Bank of China and Huatai Asset Management, with participation from another individual investor acquired 25.

64 million shares in Shandong Donghong Pipe Industry Co. , Ltd. at CNY 9. 78 apiece for approximately CNY 250.

77 million, in a PIPE transaction. Shandong Donghong Pipe Industry Co. , Ltd. 's main offerings are plastic pipes and pipe fittings of different sizes and materials, including PVC pipe, polyethylene pipe, insulation pipe, steel wire mesh skeleton plastic pipe, metal pipe coated with polyethylene, etc.

The company also develops special materials for anti-corrosion and anti-wear pipes, anti-corrosion materials, special materials for antistatic flame-retardant polyethylene pipe used in coal mine, etc. The company's products are used in industrial infrastructures, mining, thermal engineering, energy and other industries. The company generates revenue from sales of plastic pipes, pipe fittings and related materials and chemicals, adopting direct sale model through project bidding. The company will use the proceeds raised from the PIPE transaction in January 2025 for, apart from replenishing its working capital, investing in 74,000-ton/year High-Performance Composite Pipeline Capacity Expansion Project.