Company Profile
The company was founded in 1983, formerly known as the Ink Chemical Factory in Chengguan Town, Huangyan County. On December 18, 1994, it was restructured as Zhejiang New East Ink Group Co., Ltd. On October 31, 2010, the company was renamed as Zhejiang New East Ink Co., Ltd. and registered with the Taizhou Administration for Industry and Commerce. On June 8, 2015, it was renamed as New East New Materials Co., Ltd. The company was listed for trading on the Shanghai Stock Exchange on October 13, 2017.
The company continues to enhance its technological innovation capabilities, explore and optimize its business structure, expand and integrate upstream and downstream resources of the industrial chain, and cross regional resources, in order to maintain its leading position in the ink market despite the overall slowdown in growth. Meanwhile, with the booming rise of artificial intelligence both domestically and internationally, the computing power industry has entered a period of rapid growth. In 2023, the company actively grasps the pulse of the times, relies on Chairman Xu Guangbin and the core management team's more than 20 years of deep experience and profound resources in the IT industry, actively adapts to the trend of digital intelligence and the tide of the times, and invests in the establishment of a wholly-owned subsidiary, Dongfang Chaohua (Shenzhen) Technology Co., Ltd., to promote the company to create a new performance growth pole. It is committed to relying on computing power leasing business, exploring replicable, predictable, and sustainable emerging business models, and promoting the company to obtain long-term stable revenue and cash flow.
Since its establishment more than 40 years ago, the company has always adhered to focusing on innovation goals, actively promoting strategic transformation, investing in technology research and development for a long time, and creating sustainable competitiveness and unique moats. In the future, East Materials will continue to closely focus on the strategic direction of "dual wheel drive" of main business and innovation. On the basis of deepening its ink business and promoting new progress in major research and development, it will simultaneously focus on computing power business and innovation transformation, seize the historic opportunity of rapid growth in the global artificial intelligence and computing power industry, rely on the new growth engine, actively explore new development space and new service scenarios with multiple parties, and strive to continuously promote the healthy development of investor relations while balancing outstanding performance and balanced structure.