Yi Hejun Cheng invested in Shenzhen Baishida Excellent Technology Co., Ltd. (hereinafter referred to as "Baishida"), an excellent alumni enterprise of Cheung Kong Graduate School of Business, at the end of 2015.

Baishida was established in 2005 and holds the national high-tech enterprise qualification. It has 8 subsidiaries under its umbrella. The industry covers new materials, new material modification and development, oil and water pipelines, special films, soft oil tanks, non excavation oil tank renovation projects, oilfield energy, etc. In the early days, the company mainly acted as an agent for Lubrizol (a wholly-owned subsidiary of Warren Buffett) and Celanese materials in the United States. In recent years, the company has continuously increased its research and development efforts and deepened its brand building. Currently, it has become an innovative group company with 45 independent patented technologies and independent brands. And obtain designated supplier qualifications from communication, electronics, and energy giants such as Huawei, Amazon, and Yanchang Petroleum.

The 'magical oil bag' saves a small oil field in a year

Gas stations are prohibited from making phone calls or using fire lights. This simple regulation is actually due to unresolved safety and environmental concerns caused by the volatilization of oil and gas during the storage and transportation of oil products. Under the "oil-free volatile" soft oil bag technology of Baishida, this situation may become history in the near future.

On August 11, 2015, Baishida was listed on the New Third Board (stock code: 833204). At the thank-you dinner, Chairman Wei Dongjin not only revealed the company's ten-year entrepreneurial history, but also made a bold statement that in the future, Baishida Technology will use the platform of the New Third Board to commercialize and scale up its oil-free gas volatilization technology and non excavation double-layer tank transformation technology, creating greater benefits for society.

According to data released by the US EPA, there are over 7000 gas stations worldwide with varying degrees of oil leakage from buried tanks, and there is currently no complete solution globally.

In 2009, Baishida began to form a team to participate in the research and development of the "oil-free volatile" soft oil bag technology, and made significant technological progress. According to Sinopec's calculations, the oil and gas loss in the entire process of gasoline from refineries to cars is about 1%. Assuming that the annual gasoline consumption in China is 80 million tons, the volatilization of oil and gas is about 800000 tons, which is equivalent to the production of a small oil field. The "oil-free volatile" soft oil bag technology can solve several major problems in energy conservation, environmental protection, safety, and leakage prevention for oil companies in one go.

It is reported that the "oil-free volatile" soft oil bag technology has been recognized and supported by PetroChina. Last year, the key task of Baishida was to promote the application of "non excavation technology" in gas stations in various provinces. This year, this technology will be widely spread throughout the country.

Speech by Wei Dongjin, Chairman of Baishida

Baishida New Third Board Listing Appreciation Banquet

The new 'Judo Strategy' creates a legend in the new energy industry

On August 17, 2016, Beijing Joseph Investment Company signed a strategic cooperation agreement with Baishida in Beijing. Beijing Joseph is an innovative investment company founded by Dr. Chen Jiulin, former vice president of China Aviation Oil Group, former CEO of China Aviation Oil (Singapore) Co., Ltd., a Fortune 500 company, and known as the "Chinese Buffett".

Dr. Chen Jiulin, as well as leaders from the petroleum industry such as CNOOC and PetroChina, fully affirmed and highly appreciated the overall business of Baishida. Dr. Chen Jiulin has high expectations for Baishida's "non excavation technology" and petroleum projects, stating that its "non excavation technology" is a revolutionary innovation that not only ensures safe and environmentally friendly construction processes, but also saves time, effort, and money. Dr. Chen Jiulin also personally conducted on-site inspections of Canadian oil fields and participated in the overall development planning throughout the process.

This strategic cooperation requires not only capital investment from Beijing Joseph Investment, but also the introduction of resources. Both sides are about to launch comprehensive strategic cooperation in various aspects such as capital, non excavation double-layer tank renovation of gas stations, and investment and exploitation of oil fields. We firmly believe that with the participation of Dr. Chen Jiulin and his team, the existing oil fields will expand rapidly and reach the scale of a medium-sized oil company in the short term! "Said Wei Dongjin, Chairman of Baishida.

Searching for a blue ocean in the Red Sea

In order to meet market demand and continuously increase customer stickiness, Baishida has not only independently developed advanced materials, but also started to color the materials. To this end, Baishida spent a year and a half forming a specialized team and establishing a database with tens of thousands of color based materials. Through this database, we can quickly and accurately provide customers with color formulas that meet the requirement of consistent color under different light sources, and the equipment is globally calibrated to truly achieve the highest level of global color uniformity.

Our significant differentiation positioning lies in having advanced materials and leading material color matching methods, providing customers with fast and high-quality services, "Wei Dongjin said in an interview.

Baishida participated in the 2017 International Rubber and Plastic Exhibition

Looking back on his 12 year entrepreneurial journey, Wei Dongjin, Chairman of Baishida, summed it up with the four words "fairly lucky". It is not easy to fly just by being in the wind. To gain recognition in a fiercely competitive market, one must seek differentiation and constantly search for blue oceans in the red ocean. The blue ocean is just one kilometer below the red ocean, so it's important to focus. Baishida can be considered as having achieved it, honing a sword in twelve years

For twelve years, I have only done one thing for an ideal. Wei Dongjin said, "Doing things that can solve even the smallest problems for society is the most meaningful and also the purpose and mission of our enterprise