Jiangsu Hongsheng New Material Co Ltd, located in Hai'an, Nantong, aims to go public on the main board. [Photo/ntfabu.com]

Jiangsu Hongsheng New Material Co Ltd, founded in 2012 and located in the Hai'an High-tech Industrial Development Zone in Nantong, East China's Jiangsu province, is a modern enterprise that integrates production, research, development, and trade.

It is engaged in production of Polyamide-6 granula and Nylon-6 industrial filament, which are mainly used in high-end auto parts, functional fibers, automobile tire frames, safety belts, and more. The company owns 12 authorized patents for utility models and eight patents for invention.

"With timely and efficient government services offered by the local government to solve various issues, we are able to develop at the fastest possible pace," said Xu Jijun, general manager of Hongsheng.

Hongsheng broke ground in 2013, had its equipment installed the following year, and began production at the end of 2014. The company has focused on its main business and adhered to a path of high-quality development, continuously increasing R&D investment.

The third phase plant, receiving 5 billion yuan ($776 million) in investment and covering an area of about 13.3 hectares, is currently being capped. After the third-phase plant goes into production, Hongsheng will have 18 production lines in total, and an annual production capacity of 1 million tons, generating 10 billion yuan in revenue.

Moving forward, Hongsheng plans to go public. "At the end of last year, we completed the acquisition of two companies in Jiangyin," Xu added. "We should be listed on the main board soon."