Group 1: Domestic Business Overview - The distribution of domestic downstream customers shows that the consumer electronics sector accounts for approximately 40%, while furniture and home appliances together account for about 25%. The automotive and new energy vehicle supply chain accounts for around 15% [3] - Other sectors include liquor, medical devices, food and beverage, health products, express packaging, and label and electronic functional material die-cut products [3] Group 2: Overseas Operations - The company has six factories in Vietnam, Thailand, Malaysia, and Mexico, with additional capacity available for expansion based on market demand [4] - Compared to local competitors, the company has strong advantages in product quality, service, R&D design, and customer resources, enabling it to meet global supply chain management needs effectively [4] Group 3: Market Challenges and Risks - The packaging industry has relatively low barriers to entry, but leading companies possess significant competitive advantages in R&D, product quality, customer resources, and service [5] - The company faces risks if overseas market expansion does not meet expectations, which could impact overall development goals [7] Group 4: Pricing and Profitability - Product pricing is determined by considering costs and customer demands for design and service [7] - The company has developed higher value-added customers and reduced low-margin orders, contributing to overall profit improvement [8] Group 5: Financial Health and Future Plans - The company aims for stable domestic growth and rapid overseas business growth in 2026 [7] - Cash dividends are emphasized as an important way to return value to shareholders, with future amounts depending on operational and financial conditions [8]

10月9日，马士基与宁德时代签署战略合作备忘录，双方将围绕推动全球供应链低碳转型以及提升宁德 时代的全球供应链管理展开深度合作。宁德时代将成为马士基优先选择的电池技术合作伙伴，双方将探 索推动马士基集装箱船队、港口生态系统、内陆运输和仓储的电气化，包含电力系统设计、能源管理及 电池回收解决方案的应用。 ...

Core Insights - The 15th Henan Investment and Trade Fair was held in Zhengzhou, focusing on enhancing cooperation between Hong Kong and Henan, particularly in multinational supply chain management, risk control, and financing [1] - The collaboration between Hong Kong and Henan is built on a solid foundation, with Hong Kong being the largest source of foreign investment for Henan and a preferred platform for Henan enterprises to expand globally [1] - The Hong Kong government representatives promoted various sectors, including transportation, logistics, and financial services, to Henan enterprises during the event [1] Group 1 - Zhengzhou aims to create a market-oriented, legal, and international business environment to attract Hong Kong enterprises for investment and development [2] - The cooperation model between Luoyang and Hong Kong is highlighted, focusing on a multi-dimensional partnership that combines Hong Kong's research and funding with Luoyang's manufacturing capabilities [2] - The successful listing of Henan-based company Mixue Ice City on the Hong Kong Stock Exchange is presented as an example of how Hong Kong's supply chain services and financial resources can optimize global layouts for enterprises [2]

Company Overview - Tongling Jieya Biotechnology Co., Ltd. was established in 1999 and specializes in the research, production, and sales of wet wipes, with over 20 years of industry experience [2]. - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 3, 2021, and is steadily advancing its fundraising projects [2]. - In Q1 2025, the company reported a revenue of 124 million yuan and a net profit of 10.06 million yuan [2]. Q&A Highlights - **Impact of Tariffs**: The current tariff policies have a relatively limited impact on the company's overall business [3]. - **US Wet Wipe Factory Project**: The project is currently under construction and is expected to commence production next year [3]. - **Kimberly-Clark European Orders**: Production began in April 2025, and order deliveries are progressing as planned [3]. - **Asset Impairment**: The company adheres to accounting standards and will reasonably assess asset impairment based on prudence [3]. - **Self-Branding Considerations**: The company is exploring self-branding through an industrial fund but has seen low revenue conversion rates [3]. - **Facial Mask Business Outlook**: Currently serving major clients like L'Oréal and Galen Group, with a gradual expansion to other domestic brands, though new client orders are relatively small [3]. - **Jiechuang Medical Subsidiary**: The subsidiary is undergoing strategic adjustments, with cautious investment based on overall business layout and resource optimization [3]. - **Equity Incentives**: The company is focused on establishing long-term incentive mechanisms and will disclose plans as they develop [3]. - **Compliance with Regulations**: The company conducted the investor communication event in accordance with regulatory guidelines, ensuring no undisclosed significant information leaks occurred [3].