Tongxing Technology

Tongxing Technology, based in Hefei, China, specializes in environmental protection technology, focusing on air pollution control and carbon reduction solutions for various industries. Established in 2006, Tongxing Technology operates in the environmental protection sector, providing innovative solutions for air pollution control. The company has successfully completed a total of 5 deals, with its most recent funding round occurring in December 2020, raising CNY 47. 75 mn from Oct Capital.

The company is headquartered in Hefei, China. Tongxing Environmental Protection Technology Co. , Ltd. specializes in comprehensive solutions for air pollution control and carbon reduction, focusing on a diverse range of products and services tailored for industries such as steel, coking, power generation, cement, and waste management.

Their core offerings include flue gas treatment systems, which utilize advanced technologies such as low-temperature SCR (Selective Catalytic Reduction) for nitrogen oxide removal, various desulfurization technologies including the innovative Sodium Carbonate Desulfurization (SDA), and carbon capture solutions aimed at reducing CO₂ emissions for resource recovery. The company has established collaborative projects and partnerships with major industrial players, notably in regions across China, including installations in Tianjin, Hebei, and Shandong provinces. The strategic focus on utilizing sustainable materials and technologies has positioned Tongxing as a key player in the environmental technology sector, serving both local and national markets with a commitment to achieving regulatory compliance and promoting sustainability. Tongxing Environmental Protection Technology Co.

, Ltd. generates revenue primarily through B2B transactions with industrial clients, offering its products and services through direct sales agreements and project-based contracts. For the most recent fiscal year 2024, the company reported a revenue of CNY 100,922,267. 3 and an EBITDA of CNY 11,245,766.

6. Transactions typically involve comprehensive service packages encompassing design, installation, and maintenance of air pollution control systems, with clients including major power plants, steel manufacturers, and cement producers. Their flagship products, such as the 'Fangxin' series of low-temperature denitration catalysts and advanced carbon capture systems, are integral to their offerings, catering to a market increasingly focused on compliance with stringent environmental regulations. The company’s established reputation in the industry supports a robust client base that relies on their technological expertise for effective pollution management solutions.

In December 2020, Tongxing Technology raised CNY 869. 18 mn in an IPO, selling 21. 67 million shares at CNY 40. 11 per share on the Shenzhen Stock Exchange, under the ticker '003027'.

The recent funding will be utilized to enhance product development, including new air pollution control technologies scheduled for launch in the next two years. The company aims to expand its market presence into Southeast Asia by 2025, targeting countries such as Vietnam and Thailand, focusing on establishing partnerships with local industries to facilitate entry.