金春股份：致力成为产业生态构建者

Core Viewpoint - Anhui Jinchun Nonwoven Fabric Co., Ltd. is at a critical juncture in its transformation, facing challenges from volatile raw material prices, increasing quality demands from the market, and intensified competition, yet it is actively seeking change through various strategies [1] Group 1: Company Background and Development - Founded in July 2011, Jinchun started with a registered capital of 20 million yuan and a single production line, focusing on nonwoven fabric materials and products [2] - The company has expanded its product range to include water-jet nonwoven fabric materials used in hygiene, decoration, and industrial applications [2] - Jinchun completed its shareholding reform in September 2015 and was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2020 [3] Group 2: Innovation and Technology - The company emphasizes technological innovation as a lifeline, developing market-first products such as low shrinkage high-temperature synthetic leather base fabrics [4] - Jinchun's production process involves advanced automation and real-time data monitoring, significantly improving efficiency and product quality [7][8] - The digital management platform integrates various operational aspects, enhancing decision-making and enabling customized product development [8] Group 3: Cost Management and Risk Control - The profitability of the nonwoven fabric industry is closely tied to raw material prices, which have shown significant volatility [5] - Jinchun has established a "three-in-one" risk control system, focusing on local procurement and long-term supplier agreements to stabilize costs [6] - The company has successfully reduced raw material costs by 3.2% year-on-year through strategic purchasing and futures market hedging [6] Group 4: Strategic Expansion - In October 2022, Jinchun acquired a 51% stake in Anhui Jinsenyuan Material Technology Co., Ltd., marking a strategic entry into the automotive materials sector [9] - This acquisition allows Jinchun to bypass market cultivation periods and leverage existing relationships and resources for enhanced competitiveness [10] - The company aims to transition from a material supplier to an ecosystem builder in the industry, focusing on high-value markets [10]