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Ten Years of Partnership, Forging Brilliance: Integrating Innovation to Shape the Future | 10th Anniversary Celebration—Nasdaq SPAC Listing Launch Signing Ceremony and the Second Market‑Sharing Platform Exchange Event

Release date:

2025-02-10

On November 22, 2024, Jiangsu Longye Energy‑Saving Technology Co., Ltd. held its 10th‑anniversary celebration—featuring a Nasdaq SPAC listing launch signing ceremony and the second Market Sharing Platform Exchange Event—in Changzhou, Jiangsu Province. The event was themed “Ten Years of Partnership, Forging Brilliance; Integrating Innovation to Embrace the Future.” The venue buzzed with distinguished guests, as more than 200 representatives from various sectors who have long supported and nurtured the company gathered to join in this momentous occasion. Among the attendees were Mr. Zhang Shuang, General Manager and Deputy Secretary of the Party Committee of MCC Coking & Refractories (Dalian) Engineering Technology Co., Ltd.; Mr. Ma Xibo, Director of the Expert Committee of the China Coking Industry Association; Ms. Wu Jianhong and Mr. Qiu Xinsheng, General Manager and other leaders of the coking plant at Fujian Sangang Mingguang Co., Ltd.; Mr. Su Yanbing, Deputy General Manager of Inner Mongolia Qinghua Group; Mr. Chen Liqun, Chairman of Shaanxi Yuteng Energy & Environmental Protection Technology Co., Ltd.; and Professor Shi Shizhuang of Wuhan University of Science and Technology. The ceremony was presided over by Mr. He Jiadong, Executive Chairman of Jiangsu Longye Energy‑Saving Technology Co., Ltd.

Vice President Wang Qin reviewed and summarized Longye Technology’s decade of work. She began by extending her most heartfelt gratitude and warmest welcome to all the leaders and distinguished guests in attendance. Over ten years of fleeting yet remarkable time, Longye Technology has forged a path of enduring success. With great joy, Vice President Wang briefly outlined the company’s achievements over the past decade. She also expressed deep appreciation to leaders at all levels and friends from all sectors for their care, support, and steadfast assistance, while extending sincere thanks and heartfelt wishes to our partners who have stood by us for ten years, sharing a common vision and working in unison.

Mr. Zhang Shuang, General Manager and Deputy Secretary of the Party Committee of MCC Jiaonai (Dalian) Engineering Technology Co., Ltd., stated: “Over the past five years of close collaboration, MCC Jiaonai has forged a relationship of mutual trust and win‑win cooperation with Longye Technology, while also cultivating a cherished friendship. At present, the state has introduced a series of major policies, including the Action Plan for Promoting Large‑Scale Equipment Upgrading and Consumer Goods Trade‑In Programs, and the successful convening of the Third Plenary Session of the 20th CPC Central Committee has charted a clear course for our development. We should respond enthusiastically to the national call, further deepen reform across the board, embrace the new wave of scientific and technological revolution and industrial transformation, and strive to achieve high‑quality development and foster new drivers of productivity. Our goal is to propel the industry toward greater efficiency, lower carbon emissions, and smarter operations. Looking ahead to 2025, the external environment will grow more complex, market competition will intensify, and the need for high‑quality development in the coking industry will become even more pressing. In the face of these challenges, MCC Jiaonai stands ready to deepen its partnership with Longye Technology, vigorously advance the research, development, and iterative upgrading of new technologies and products, establish a faster, more comprehensive, and timely information‑sharing mechanism, and continue to enhance quality and efficiency. Together, we will nurture new sources of productivity and win market share through superior quality. MCC Jiaonai looks forward to joining forces with Longye Technology and other like‑minded partners, working in unison to overcome difficulties and jointly usher in a brighter future for the steel and coking industries.”

Since 2018, Yuteng Company and Longye Technology have maintained a cooperative partnership, with Yuteng placing deep trust in and providing strong support for the quality of Longye Technology’s engineering projects and products. From the outset, the two parties have jointly pursued technological innovation, engaged in in-depth discussions on strategic development, and collaborated to develop new products and expand into the energy‑saving and environmental‑protection markets, successfully bringing numerous joint projects to fruition. This journey of mutual benefit and win‑win cooperation has brought together the wisdom and efforts of both sides; the achievements attained have not only fueled the growth and development of the companies but have also earned the trust of customers and the respect of the market. Moving forward, Yuteng will continue to deepen its collaboration with Longye Technology across multiple dimensions—resource sharing, market expansion, technology exchange, and talent development—enabling both parties to fully leverage their respective strengths, jointly address diverse challenges, and achieve higher‑level growth.

General Manager Su stated, “In today’s rapidly evolving digital era, the intelligent and digital transformation of enterprises is no longer a matter of choice but an imperative. Faced with a complex and ever‑changing market environment and intensifying competition, building and sustaining robust partnerships has become a critical pathway for accelerating transformation and achieving mutually beneficial growth. Looking ahead, we are confident that Longye Technology will continue to uphold its spirit of innovation and entrepreneurial drive, relentlessly explore new frontiers, and rise to new challenges. We look forward to Longye Technology’s continued vigorous development and industry leadership over the next decade, as it makes fresh contributions to driving corporate transformation and high‑quality growth.”

Mr. Ma Xibo, Director of the Expert Committee of the China Coking Industry Association and External Chief Expert‑General Advisor of Jiangsu Longye Energy‑Saving Technology Co., Ltd., delivered a speech. He began by extending warm congratulations on the 10th anniversary of Jiangsu Longye Energy‑Saving Technology Co., Ltd., and then summarized and analyzed the current state of the coking industry as well as the key challenges it faces at this stage. Mr. Ma emphasized that, going forward, the development of the coking sector will hinge on vigorously advancing energy conservation and emissions reduction—specifically, ultra‑low emissions and extreme‑efficiency initiatives—and on pursuing a path characterized by “informatization,” “centralization,” and “industrial integration.”

Mr. Meng Xiaodong, Chairman of Jiangsu Longye Energy‑Saving Technology Co., Ltd., delivered a thank‑you address at the conference. He expressed his most heartfelt gratitude to friends from all sectors who have shown concern for and supported the development of Longye Technology. Chairman Meng stated, “Over the past decade, our journey of exploration and growth has been far from smooth, marked by challenges and hardships. Yet the Longye team has remained focused and steadfast, steadily advancing through thick and thin. Although we have faced numerous industry‑wide challenges, we have continued to make progress and evolve—year after year, month after month, even day by day. Today, as we look out upon this blue planet, every member of the Longye family can proudly say, ‘I have made my own contribution to the cause of energy conservation and emissions reduction.’ This is the mission entrusted to Longye by our times, and it is also the bountiful fruit of the hard work and collective efforts of all Longye people. Over the past year, by establishing a market‑sharing platform, we have deepened mutual understanding, expanded areas of cooperation, and achieved win‑win outcomes. Tonight’s exchange not only reviews and summarizes our past collaborations but also looks ahead to charting the course for future partnerships. We are confident that, by proactively developing both domestic and international markets, continuously strengthening close cooperation across the coking industry chain, and striving to build an open, collaborative, and mutually beneficial market ecosystem, we will surely unlock even broader market opportunities and jointly write an even more brilliant chapter. Looking to the future, Longye will remain committed to the principles of ‘innovation‑driven, green development, and win‑win cooperation,’ dedicating ourselves to research, development, and application in the field of energy conservation and environmental protection within the coking sector, and contributing Longye’s strength to advancing sustainable social development.”

Over the past decade, Jiangsu Longye Energy‑Saving Technology Co., Ltd. has stood side by side with partners at home and abroad, as well as across the upstream and downstream value chain, weathering challenges together. With an open, collaborative, and win‑win approach, we have jointly forged a landscape in which supply chains, industrial chains, and value chains are seamlessly integrated. At the celebration event, a grand signing ceremony was held to officially launch Jiangsu Longye Energy‑Saving Technology Co., Ltd.’s SPAC listing on Nasdaq, in partnership with Graf Inc. and Xinmu Investment Holdings Co., Ltd. Mr. Meng Xiaodong, Chairman of Jiangsu Longye Energy‑Saving Technology Co., Ltd.; Mr. He Jiadong, Executive Chairman; Ms. Wang Qin, Vice President; Ms. Wang Yanli, Executive General Manager and Head of the Finance Center; Mr. Lu Chao, Assistant to the Chairman; Mr. Su William, the ultimate controlling shareholder of Graf Inc.; and Ms. Li Sara, Chairwoman of Xinmu Investment Holdings Co., Ltd., along with Mr. Fang Yanxiang, Assistant to the President, took to the stage to sign the agreement. With the signatures of both parties, Longye Technology embarked on a new chapter of remarkable success.

For ten remarkable years, the spirit of mechanics has been put into practice; with steadfast action, we will forge a century of brilliance. From the tender sprouts of our inception to today’s thriving prosperity, every step has been shaped by the tireless efforts and sweat of countless individuals. The core management team of Longye shared a cake—symbolizing unity and hope—with the guests in attendance. This cake embodies Longye Technology’s gratitude for and remembrance of the past, while also signifying our aspirations and expectations for the future. We wish Longye Technology an even brighter tomorrow!

At the subsequent banquet, renowned singers Murong Xiaoxiao, Wang Hezheng, and Huang Zirui graced the event with their performances, while celebrated calligrapher Mr. Zheng Yunguang penned an inscription for Longye. The atmosphere was vibrant, brimming with festivity and warmth.

Latest Updates

April Market Overview and Operational Dynamics of the Coking Industry

According to economic data released by the National Bureau of Statistics, in April, the value added of industrial enterprises above designated size increased 4.1% year on year and 0.05% month on month; total retail sales of consumer goods reached RMB 3.7247 trillion, up 0.2% year on year; nationwide fixed asset investment (excluding rural households) declined 2.36% month on month; profits of industrial enterprises above designated size rose 24.7% year on year; as of the end of April, accounts receivable for such enterprises stood at RMB 27.44 trillion, up 7.2% year on year, while finished goods inventories totaled RMB 6.95 trillion, an increase of 6.7%. From January to April, the value added of industrial enterprises above designated size grew 5.6% year on year; total retail sales of consumer goods amounted to RMB 16.4941 trillion, up 1.9% year on year; nationwide fixed asset investment (excluding rural households) reached RMB 14.1293 trillion, down 1.6% year on year; and the total profits of industrial enterprises above designated size totaled RMB 2.43584 trillion, up 18.2% year on year. Among these, the ferrous metal smelting and rolling industry (the steel sector) reported total profits of RMB 7.58 billion, a 51.5% year-on-year decline, while the petroleum, coal, and other fuel processing industry (including coking) posted total profits of RMB 40.42 billion, compared with a loss in the same period last year.