百川股份：宁夏基地TMP原料正丁醛是自产的，有原料优势，能源成本也有优势

Group 1 - The company Baichuan Co., Ltd. stated that its TMP raw material, n-butyraldehyde, is self-produced, providing a raw material advantage [1] - The company also highlighted its advantages in energy costs, as the energy costs in the Ningxia region are relatively low [1]