Core Viewpoint - Hexing Packaging is currently focused on its main business operations and does not directly produce raw paper, although it may consider upstream vertical integration in the future based on industry dynamics and feasibility assessments [1] Group 1 - The company sources its production materials from upstream suppliers, specifically pulp and waste paper [1] - Future plans for upstream vertical integration will be evaluated carefully in light of industry trends [1]

Group 1 - The company, Hexing Packaging (002228.SZ), is currently focused on its core business operations and does not directly produce raw paper at this time [1] - The company acknowledges the rising prices of upstream raw materials such as pulp and waste paper, which are putting pressure on production costs [3] - There is a possibility that the company may consider vertical integration in the future, depending on industry dynamics and feasibility assessments [1] Group 2 - An investor inquired about the potential and challenges of sourcing raw materials like pulp and waste paper from Southeast Asia, where cost advantages exist [3] - The investor also asked if the company has plans to establish raw material production facilities in Southeast Asia for self-sufficiency [3]