Zhongtai Chemical(SZ:002092) Zheng Quan Shi Bao Wang·2025-06-23 00:49Group 1 - The launch of LABUBU, a collectible toy made from PVC, highlights the growing demand for PVC in the toy industry, which is increasingly significant compared to traditional construction uses [1] - The children's toy market is dominated by plastic products, accounting for 41% of the total market share, with soft PVC being a preferred material due to its safety features [2] - The popularity of LABUBU has expanded the overall market for plastic toys, leading to a 30% year-on-year increase in orders for trendy toys, which in turn boosts the demand for high-end modified PVC [2] Group 2 - Zhongtai Chemical, a leading PVC producer, is focusing on high-end, refined, and green product development, with a significant increase in PVC production capacity from 2.05 million tons/year to 2.6 million tons/year [3] - The global trend of creative toys showcases the strength of Chinese original IP and the advantages of the manufacturing supply chain, driving the PVC industry towards precision materials and green manufacturing [4]