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Waltai: Being a \"model company\" to build a century-old enterprise. Author/Source: Date: 2022-11-20. Clicks: 40. On September 29, 2021, Anhui Waltai Chemical Co., Ltd. was listed on the main board of the Shenzhen Stock Exchange. It took Huartai Company 20 years to transform from a small, local factory facing difficulties into a well-known comprehensive chemical enterprise focused on fine chemical products, and then to successfully list on the main board of the Shenzhen Stock Exchange – achieving a turnaround from being a \"laggard\" to a \"model company\". Over the years, Valte, the \"model company,\" has seen steady progress: from 2019 to 2021, its net profit increased from 146 million yuan to 415 million yuan, while its tax payments rose from 77.09 million yuan to 108 million yuan. From January to June 2022, the company achieved operating revenue of 1.128 billion yuan, a net profit of 144 million yuan, and paid 47.45 million yuan in taxes. According to data from the China Nitrogen Fertilizer Industry Association, the company ranks first in the country’s industry in terms of production capacity for commercial concentrated nitric acid (i.e., concentrated nitric acid intended for sale), as well as in terms of market share. Its “Huanxiao” brand has been recognized as a well-known trademark in China. Going public is a milestone, not an endpoint, but a new starting point for competition. How can capital be better utilized to drive the high-quality development of enterprises? As the only listed leading enterprise in the chemical industry in the city at present, WalTai approaches the opportunities and challenges faced by the company with a forward-looking perspective and a dialectical way of thinking. Since its listing, the company has focused on its core chemical manufacturing activities such as synthetic ammonia, nitric acid, sulfuric acid, and hydrogen peroxide. By raising 868 million yuan in funds, it has accelerated the construction of various projects, including one for producing 300,000 tons of hydrogen peroxide per year, one for producing 20,000 tons of benzene diamine per year, and ones for producing 50,000 tons each of cyclohexylamine and dicyclohexylamine per year. It has also used its own funds to carry out upgrades and improvements related to high-purity sulfur trioxide, high-purity hydrogen peroxide, and A5-grade melamine resin, thereby expanding into industries and fields such as new materials and new energy. At the same time, efforts are being made to strengthen the research and development of new processes and technologies for energy conservation and environmental protection, in order to create new areas for growth and accelerate the company’s transition from traditional basic chemicals to fine chemicals. To date, the company has successfully implemented 20 high-tech R&D projects and obtained 4 new invention patents. It has also upgraded its ERP and OA office automation systems as well as the intelligent inspection system, resulting in a significant improvement in its level of informatization and digitalization. It is understood that in order to effectively increase the company’s production capacity and ensure a stable energy supply, WalTai is actively improving its industrial layout and making significant efforts to advance cogeneration projects. The project is currently in the trial operation phase, with an expected annual steam output of 1.3 million tons. This amount will not only meet the steam needs of the company’s various facilities but also allow any excess steam to be sold to other enterprises within the industrial park.