Core Viewpoint - The company has several significant developments to watch in 2026, primarily related to subsidiary land acquisition and ongoing project advancements [1] Company Project Progress - The company is actively cooperating with the Zhuhai Xiangzhou District government to advance the land acquisition work for the Hongta Renheng Qianshan plant, with preliminary surveying and evaluation completed [2] - The Zhanjiang Zhongzhi 400,000-ton chemical pulp project, a core part of the integrated pulp and paper strategy, was put into production ahead of schedule at the end of November 2025, and efforts are being made to optimize processes to achieve full production efficiency [3] Product Development Progress - The pilot test line project for special fiber composite materials began trial operation in December 2025, with the pilot products currently undergoing sample testing and market access validation [4] Performance and Operating Conditions - The company's annual performance forecast for 2025 indicates an expected net loss, with final figures to be confirmed in the audited annual report scheduled for disclosure in 2026 [5]
冠豪高新子公司土地收储及项目进展引关注