Group 1: Company Overview - The company is Jiangsu Wujiang China Oriental Silk Market Co., Ltd. [2] - The stock code is 000301, and the stock abbreviation is Oriental Market [1]. Group 2: Investor Relations Activity - The investor relations activity was a specific object survey held on May 28, 2015, from 1:00 PM to 2:30 PM [2]. - Participants included Mr. Ni from GF Securities and company representatives Wang Zhongying (Board Secretary) and Fan Jiajian (Securities Affairs Representative) [2]. Group 3: Market Insights - As of the end of 2014, the company's inventory of commercial housing for sale was 1.37 million square meters [2]. - The trading volume of the Oriental Silk Market in 2013 reached 1 billion [2]. - The market's operating merchants primarily deal with conventional textiles, with a small proportion of raw and auxiliary materials [3]. Group 4: Impact of E-commerce - The company has experienced minimal impact from e-commerce, with a current rental rate of market shops indicating resilience [3]. - E-commerce is viewed as a new normal in economic development, promoting a synergistic growth between online and offline platforms [3]. Group 5: Government Policies and Financial Services - Recent government policies supporting foreign trade exports are expected to positively influence the trade volume of market merchants [3]. - The company is utilizing long-term rental rights as collateral to assist merchants in obtaining loans, although it does not currently engage in other financial services [3]. Group 6: Electronic Trading Center - The electronic trading center under the group achieved a revenue of 397.06 million yuan in 2014, primarily from spot procurement business [3]. - Future plans include integrating textile operating tenants and online users from the electronic trading center for mutual development [3].

Group 1: Company Overview - Jiangsu Dongfang Shenghong Co., Ltd. reported a net profit forecast of 1.45-1.75 billion CNY for 2019, representing a year-on-year growth of 50-80% [2] - The company has a production capacity of 2.1 million tons of differentiated polyester filament, with nearly 90% of its products being differentiated [3] Group 2: Business Segments - The company operates in three main segments: 1. Chemical fiber segment, with DTY accounting for 55% of total capacity, ranking first among similar enterprises [3] 2. Petrochemical segment, including two subsidiaries in Lianyungang with an annual PTA production capacity of 1.5 million tons [3] 3. Thermal power segment, providing steam services to local dyeing and textile enterprises, with an investment of 1 billion CNY planned for expansion [3] Group 3: Integrated Refining Project - The integrated refining project was included in the national petrochemical industry planning and has a total investment of 67.6 billion CNY, expected to generate nearly 100 billion CNY in revenue and around 10 billion CNY in net profit upon completion [3][4] - The project has seven advantages, including scale, technology, product, location, integration, park collaboration, and industry experience [4] Group 4: Project Progress and Financials - As of February 2020, 30 process packages have been completed, and infrastructure construction is ongoing, with over 5 billion CNY already invested [5] - The company plans to add 200,000 tons of differentiated fiber capacity by May-June 2020 and 2.4 million tons of PTA capacity by the end of Q3 2020 [5][6] - Total capital for the refining project is 67.6 billion CNY, with 19 billion CNY planned for equity financing [6] Group 5: Financing and Loans - The company has secured a total of 48.6 billion CNY in loans, with 41.5 billion CNY from a syndicate led by Industrial and Commercial Bank of China [6]

Financial Performance - The estimated net profit for 2019 is projected to be between 1.45 billion and 1.75 billion, representing a year-on-year growth of 50% to 80% [2] Business Segments 1. Chemical Fiber Segment - The company has a differentiated polyester filament production capacity of 2.1 million tons, with nearly 90% of the production being differentiated, primarily DTY, which accounts for about 55% of total capacity [3] - The company is one of the largest suppliers of full dull fibers globally and the largest supplier of fine denier differentiated fibers [3] 2. Petrochemical Segment - In 2019, the company acquired Hong Kong Petrochemical, with a PTA production capacity of 1.5 million tons, utilizing the Invista P8 process [3] - A major refining project in Lianyungang is under construction, with a capacity of 16 million tons per year [4] 3. Energy Segment - The energy segment primarily provides steam services to local dyeing and textile enterprises, with significant investment in a new thermal power project amounting to 1 billion [4] Major Projects - The Lianyungang refining project, included in the national petrochemical industry planning, has a total investment of 67.6 billion, expected to contribute nearly 100 billion in net profit upon completion [4] - The project has seven advantages, including scale, technology, product, location, industrial chain integration, park synergy, and industry experience [5] Construction Progress - As of 2019, approximately 5 billion has been invested in the Lianyungang project, with contracts signed totaling 27 billion [5] - The project is expected to commence production by the end of 2021 [6] Impact of COVID-19 - The pandemic has had a limited impact on production, with most frontline employees remaining on duty [6] - The export of polyester filament accounts for over 10% of revenue and remains stable [6] Future Plans - The company plans to add 200,000 tons of new capacity for differentiated fibers this year, with further expansion of filament capacity considered [7] - The total investment for the refining project is over 60 billion, with approximately 5 billion already invested [7] Financing - The financing for the refining project includes government industrial funds totaling 8.5 billion, with self-owned funds of 5.5 billion and additional fundraising of 5 billion [7] - Bank loans amount to 41.5 billion, with green bonds issued for 3 billion [7]

Group 1: PX and PTA Market Dynamics - PX prices are expected to gradually decline due to increased domestic supply from new private refining projects [1] - The price spread between PX and PTA is anticipated to become more reasonable as supply tightens [3] - Domestic PX supply was previously tight, with high import dependency, but new production capacity is alleviating this issue [1] Group 2: Downstream Demand and Economic Context - The demand for polyester filament is driven by increased domestic consumption and the "Belt and Road" initiative, expanding textile consumption in developing economies [3] - The company focuses on differentiated, functional polyester filament products, particularly high-quality DTY products, which have a strong market presence [3] - The international trade environment has not significantly impacted the company's filament sales [3] Group 3: Refining Project Progress - The integrated refining project is a major initiative in Jiangsu Province, commenced in December 2018, with a planned construction period of 36 months [3] - The project is currently in the civil construction phase, with ongoing design work and equipment procurement [3] Group 4: Investor Relations and Compliance - The company adhered to regulations during the investor relations activities, ensuring no major information leaks occurred [4]