Core Insights - Amway Co., Ltd. (300218.SZ) has confirmed that Google is one of its clients in the electronic products category, focusing on polyurethane composite materials applications [1] - The revenue generated from this segment currently represents a small portion of the company's overall revenue [1] - The company plans to actively expand its collaboration with Google based on market and customer demands [1]

Core Viewpoint - Amway Co., Ltd. has experienced fluctuations in stock price and financial performance, with a notable decrease in revenue and net profit year-on-year, indicating potential challenges ahead for the company [1][2]. Financial Performance - As of November 20, 2025, Amway reported a revenue of 1.679 billion yuan, a year-on-year decrease of 6.84% [2]. - The net profit attributable to shareholders was 121 million yuan, reflecting a year-on-year decline of 19.22% [2]. - The company's stock price has increased by 11.39% year-to-date but has seen a decline of 0.59% over the last five trading days and a significant drop of 34.17% over the past 60 days [1]. Shareholder Information - The number of shareholders as of November 20, 2025, was 18,000, a decrease of 2.28% from the previous period [2]. - The average number of circulating shares per shareholder increased by 2.34% to 12,003 shares [2]. Dividend Distribution - Amway has distributed a total of 341 million yuan in dividends since its A-share listing, with 131 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, new institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and China Europe Enjoy Life Mixed Fund, among others [3]. - Notably, Guotai Junan's value advantage flexible allocation mixed fund reduced its holdings by 5.05 million shares [3].

Core Viewpoint - The company is developing semiconductor products based on its existing polyurethane composite material technology, which aligns with its main business operations [2] Group 1: Business Development - The company sees significant growth potential in the semiconductor field and plans to increase efforts in technology development and market expansion [2] - Current revenue from the semiconductor business is relatively small compared to the overall revenue, and it does not significantly impact the company's operating performance [2] Group 2: Customer Collaboration - Progress in customer collaboration within the semiconductor sector is not disclosed due to confidentiality agreements and the importance of contracts or projects not meeting disclosure standards [2]

Core Viewpoint - The company has not yet supplied materials or products for the construction and operation of the Chinese space station, but is actively exploring opportunities in emerging fields and leveraging its R&D strengths in polyurethane composite materials [1] Company Summary - The company, Amway Co., Ltd. (300218.SZ), responded to an investor inquiry on November 26, indicating that its products have not been utilized in the space station project [1] - The company is focusing on developing technical reserves related to emerging fields, particularly in the area of polyurethane composite materials [1]

Core Viewpoint - The company is currently not planning to acquire Japanese-related businesses in China, but is maintaining vigilance regarding international geopolitical risks and has established risk assessment and response plans to ensure business continuity in extreme situations [1] Group 1: Company Strategy - The company management regularly conducts risk assessments of the supply chain to identify potential risks and develop response plans [1] - The company emphasizes its self-sufficiency in technology development, procurement, and sales, indicating no reliance on Japanese resources or markets [1] Group 2: Market Position - The company aims to leverage its existing overseas merger and acquisition experience, technological capabilities, and global market layout to navigate industry adjustments and enhance its competitive position [1]

Core Viewpoint - The company emphasizes its commitment to independent research and development, aiming to enhance product competitiveness and reduce reliance on imported materials, while also expanding its market presence domestically and internationally [1]. Group 1: Technology and Innovation - The company focuses on self-research and development, enhancing core product competitiveness around ecological and functional aspects [1]. - It aims to achieve import substitution for its products and is dedicated to overcoming key technological bottlenecks in the industry [1]. Group 2: Market Strategy - The company adopts a dual-driven strategy, focusing on both domestic and international markets [1]. - It plans to strengthen collaborations with leading domestic brands and promote industry chain synergy through technology output and standard co-construction [1]. - The company aims to empower downstream customers and enhance the overall autonomy level of the industry, contributing to high-quality development [1].

Core Viewpoint - Amway Co., Ltd. (300218) is making steady progress in collaborations with clients in functional footwear materials and automotive interior products, with a focus on its revenue and operational performance for 2025, which will be detailed in the company's 2025 annual report [1] Group 1 - The company is actively advancing partnerships with clients in specific sectors [1] - Revenue and operational performance projections for 2025 are anticipated to be addressed in the upcoming annual report [1]

Core Viewpoint - The company stated that its revenue from collaboration with Japanese clients constitutes a small portion of its overall revenue, indicating that it does not significantly impact the company's operational performance [1] Group 1 - The company confirmed that it maintains autonomy in technology development, procurement, and sales, and does not rely on Japanese resources and markets [1]

Core Viewpoint - Amway Co., Ltd. primarily serves automotive brands focused on new energy vehicles, with a strong emphasis on high-end models [2] Group 1: Company Operations - The company’s products are mainly supplied to high-end models, with orders being fulfilled through first-tier suppliers or directly from automotive manufacturers [2] - Actual order transactions are conducted with first or second-tier suppliers such as seat manufacturers and decorative parts manufacturers [2] - The company is actively enhancing communication and collaboration with automotive brands and upstream first-tier suppliers to expand its cooperation opportunities [2]

Core Viewpoint - Amway Co., Ltd. reported that as of November 20, 2025, the total number of shareholders is 18,018 households, including merged credit accounts [2] Summary by Category - **Shareholder Information** - The total number of shareholders is 18,018 households as of November 20, 2025 [2]