齐翔腾达：公司顺酐、MMA、环氧丙烷等装置均采用行业较为先进、环保的工艺技术

Core Viewpoint - The announcement from Qixiang Tengda highlights that anti-involution policies will help curb low-level redundant construction in the chemical industry, promote the elimination of backward production capacity, and facilitate the industry's transition from price competition to technological, efficiency, and green development [1] Industry Summary - The anti-involution policies are expected to enhance industry concentration, benefiting leading enterprises through improved market order [1] - The company has minimal old production capacity over 20 years and has completed equipment upgrades, indicating a low risk of short-term impact from policies [1] - The company’s production facilities for phthalic anhydride, MMA, and propylene oxide utilize advanced and environmentally friendly technologies, maintaining technical competitiveness for an extended period [1] Company Strategy - The company plans to leverage its advanced production capacity to optimize product structure and increase the proportion of high value-added products [1] - The company will closely monitor policy directions and market changes, actively adjusting its business strategies, enhancing cost control and operational efficiency [1] - Continuous optimization of existing resources will be pursued to solidify the company's leading position in niche markets, aiming for higher quality development during the industry's recovery phase [1]