China Treasures New Materials Group Limited.
HHKEX:24390.20
HKD
+0.01
(+3.65%)
China Treasures New Materials Group Limited.
HKEX:2439
(Hong Kong Exchange)
Recent
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0.20
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yld
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ROIC.AI
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- Business
- China Treasures New Materials Group Ltd. is a China-based holding company that develops, manufactures, and sells biodegradable plastic products and non-biodegradable automobile plastic parts, with a focus on environmentally friendly packaging solutions and automotive plastics. The group operates through two principal segments: Development and Manufacture of Biodegradable Plastic Products, which includes biodegradable shopping bags, biodegradable tapes, biodegradable packaging wraps, biodegradable masterbatches, and related consumables; and Development and Manufacture of Non-biodegradable Automobile Plastic Parts, which encompasses taillight covers, storage boxes, water shield brackets, mud guards, sound barrier masks, water shield assemblies, and other automotive plastic components. The company serves a diversified customer base including supermarkets, department stores, shopping malls, and automotive manufacturers, and supplies both domestically within the PRC and to regional markets as part of its distribution network. Core product categories span biodegradable consumer packaging products and automotive exterior and interior plastic parts, underpinned by a manufacturing footprint designed to support material science-driven formulations and specialized molding capabilities. China Treasures emphasizes research and development to advance biodegradable polymers and related additive masterbatches, aiming to expand application fields and optimize performance for packaging, consumer goods, and vehicle-related components. The group was established in March 2014 and maintains its headquarters in Guangzhou, with manufacturing and development facilities concentrated domestically in Southeast China and nearby regions to support its integrated production model. Subsidiaries and affiliated entities form a corporate structure that consolidates R&D, production, and sales functions to deliver end-to-end solutions across its product suites. The company positions itself as a solutions provider across the plastics value chain, combining material science, process engineering, and supply chain services to meet evolving regulatory and market demands for sustainable packaging and automotive plastics. In recent years, the group pursues strategic partnerships and selective investments to enhance production capacity, broaden product offerings, and accelerate commercialization of new biodegradable materials in response to environmental policies and industry trends. Foundationally, the company’s strategy centers on expanding its biodegradable product lineup, strengthening its domestic manufacturing base, and leveraging collaborations to capture additional market share in both packaging and automotive components. The corporate profile reflects ongoing efforts to align with environmental standards and regulatory developments impacting single-use plastics, while pursuing improvements in efficiency, quality control, and customer service across its geographic footprint.