调研速递|银禧科技接受众多投资者调研，透露业务布局与发展要点

Group 1: Company Overview - The company held an earnings briefing on September 19, 2025, via an online platform, where key executives addressed investor questions regarding business layout and development [1] - The management team, including the chairman and general manager, provided insights into the company's future development and shareholding structure [1] Group 2: Industry Development and Strategic Planning - The company views modified plastics as "industrial rice" with a broad application range and significant future growth potential [2] - The company aims to maintain its position in traditional sectors like home appliances and electrical cables while shifting focus towards high-value-added products [2] - Plans include increasing investment in special engineering materials, medical materials, and electronic chemicals, as well as expanding overseas market investments [2] Group 3: Shareholding Dynamics - Currently, there have been no stock sales by the company's directors and executives, and any future reductions will be disclosed through official announcements [3] Group 4: PPO Product Development - The company holds patents related to PPO (polyphenylene oxide) products, which are currently in the ramp-up phase at the Zhaoqing facility [4] - The company is working towards achieving production targets for PPO products and will consider expanding production at the Zhuhai Gaolan base based on market demand [4] Group 5: Shareholding Structure and Risk Management - Despite a dispersed shareholding structure, the company maintains a stable management team, low debt ratio, and efficient operations in R&D and sales [5] - The board of directors makes collective and prudent decisions, ensuring that the company's risk management is not adversely affected by the dispersed shareholding [5]