Since its establishment in 2018, Luoyang Zhengju New Material Technology Co., Ltd. has focused on the research and development of new polymer materials and the manufacture of high-end pipes, realizing leapfrog development. During the initial period, the R&D team was set up and the first production line of ultra-high molecular weight polyethylene pipes was built, and in 2019, the capital was increased to 15 million yuan and the construction of the Shandong base was started, and in 2020, the production was put into operation. The business is upgraded from polyethylene technology development to the whole field of new materials research and development, forming a full range of ultra-high molecular weight polyethylene pipe, tunnel escape pipe, HDPE water supply and drainage pipe, MPP power pipe and other pipe matrix, through the ISO certification to serve the world's 500 + key projects. 2021 to set up an international team, in 2023, the Sichuan base was completed, in 2024 the product coverage of 112 countries, stationed in the Beihai Science Park and completed the Pre-IPO financing. We have completed Pre-IPO financing. Accumulated 12 patents and was evaluated as a high-tech enterprise, revenue of 150 million yuan in 2024 (+50%), net profit of 23.23 million yuan (+40%), tunnel escape pipe market share of the domestic top three. In the future, we intend to deepen the R&D layout of the intelligent pipe network, and launch the GEM IPO in 2025, striving to be the industry benchmark.