Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥65.20, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 26x in the Commercial Services industry in China. Total returns to shareholders of 189% over the past three years. Announcement • Jul 24
Niutech Announces New-Generation Titanium-Iron Tailings Reduction and Enrichment Technology and Equipment Niutech recently announced that its independently developed "new-generation titanium-iron tailings reduction and enrichment technology and complete equipment" — purpose-built for the resource recovery of low-grade complex associated titanium-iron tailings — has been evaluated by a national-level professional institution, with the technological achievement reaching an "internationally advanced level." The "300,000-ton-per-year demonstration project for producing high-grade titanium-rich materials from tailings," which adopts this technology and equipment, is now under construction in Linyi, Shandong Province, China. Upon completion, it will become Asia's leading demonstration project for the green recovery of strategic mineral resources. The new equipment is designed around the philosophy of "safety, environmental protection, low carbon, and high efficiency," equipped with the company's latest "low-temperature pyrolysis–in-situ reduction" synergistic technology, and delivers breakthrough industry upgrades across reduction temperature control, waste heat energy self-circulation, intelligent system management, and more. Niutech's solution uses waste plastics and other organic waste as reducing agents, generating reducing gas through low-temperature pyrolysis to accomplish in-situ reduction of titanium-iron tailings within a single integrated equipment system. This approach integrates solid waste treatment, tailings enrichment, and energy circulation, challenging the traditional perception that "high temperatures are required for efficient reduction," and provides a new industrialization pathway for the resource recovery of low-grade titanium-iron tailings. The complete production line features three outstanding advantages. First, low-temperature continuous reduction: the company has developed high-efficiency dynamic contact and online thermal dispersion synergistic control technology, raising the reduction rate to over 50%; the system completes reduction reactions below 700°C, with industrial operating temperatures controlled between 550°C and 600°C, significantly lower than traditional high-temperature smelting processes. Second, highly efficient energy utilization: the production line integrates waste heat recovery, waste gas reuse, and reduction gas self-supply systems, achieving a waste heat utilization rate exceeding 93%, reducing comprehensive energy consumption by over 36% compared to traditional processes, and lowering CO2 emissions per unit of product by approximately 40%. Third, intelligent and safe operation: the system is configured with material-temperature coordinated regulation, dynamic sealing, and an intelligent control platform, supporting large-capacity continuous and stable operation. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥66.11, the stock trades at a trailing P/E ratio of 77.2x. Average trailing P/E is 32x in the Commercial Services industry in China. Total returns to shareholders of 222% over the past three years. 
