Core Viewpoint - Company Amway Co., Ltd. (300218.SZ) has successfully applied its silicon-based materials and TPU process technology in various fields including home furnishings, automotive interiors, consumer electronics, and functional footwear materials [1] Group 1: Product Applications - The company's TPU materials are characterized by vibrant colors, strong fashion appeal, lightweight, and excellent comprehensive performance including wear resistance, acid resistance, alkali resistance, hydrolysis resistance, and solvent resistance, along with being eco-friendly [1] - Currently, the company has not combined its TPU materials with nanomaterials [1] Group 2: Market Expansion - The company's semiconductor-related materials have achieved small-scale production, although this segment currently contributes a small proportion to the overall revenue [1] - The company is actively expanding its market and customer base, striving to increase sales [1]

Core Viewpoint - Amway Co., Ltd. has successfully applied its polyurethane composite materials in official accessories for certain Apple terminal products [2] Group 1 - The company responded to investor inquiries on an interactive platform regarding its product applications [2] - The application of polyurethane composite materials signifies a strategic partnership or collaboration with Apple [2]

Core Viewpoint - Amway Co., Ltd. (300218.SZ) has successfully applied polyurethane composite materials in some official accessories for Apple terminal products [1] Group 1 - The company has announced its application of polyurethane composite materials in collaboration with Apple [1]

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]