Core Insights - The recent prosecution of the Weijia crime group in Northern Myanmar highlights the establishment of a violent control model over telecom fraud parks, which has been emulated by other families, leading to a severe criminal ecosystem in the region [2][5]. Group 1: Crime Organization Structure - The Weijia crime group operates through a self-contained political, military, and business "iron triangle," with significant influence in the Kokang region [2]. - Wei Huairen, the main leader of the Weijia group, has admitted that Chinese employees are the most critical resource for their operations [2][5]. Group 2: Political and Military Control - The Weijia family has maintained control over the Kokang region's border defense forces, with Wei Huairen being the highest authority in the local border defense committee [4]. - Wei Chaoren, Wei Huairen's brother, previously served as a member of the Myanmar Federal Parliament, indicating the family's deep political connections [2]. Group 3: Criminal Activities - The Weijia group engages in various illegal activities, including gambling, prostitution, and the establishment of telecom fraud parks, where they charge high rents and "head taxes" to fraud gangs [5]. - The price for hiring a Chinese employee in fraud operations has increased significantly, from 20,000 to over 300,000 [5].

Core Viewpoint - The company, Kolon New Materials, emphasizes innovation-driven development and has established strong partnerships in the coal and military industries, showcasing significant growth in revenue and profit for 2024 [3][11]. Group 1: Company Overview - Kolon New Materials has been dedicated to the rubber and plastic new materials sector for 29 years, focusing on quality to build its brand [3]. - The company has strategic collaborations with leading enterprises in the coal industry, including Shaanxi Coal Group and Shenhua Energy, which have enhanced its market coverage and product recognition [3]. Group 2: Military Industry Engagement - The company has responded to national policies by leveraging its R&D advantages in rubber and plastic materials to create a military product matrix, establishing partnerships with numerous defense enterprises and research institutions [7]. - Kolon New Materials has received various honors in the military sector, including recognition as a key supplier and advanced unit in military-related business [7]. Group 3: Financial Performance - In 2024, the company achieved a revenue of 483 million yuan, representing a year-on-year growth of 9.46%, and a net profit attributable to shareholders of 86.91 million yuan, up 4.25% [11]. - Military product revenue increased by 30.88%, and the overall gross margin improved to 41.26% [11]. - The company's earnings per share reached 1.33 yuan, with a net asset value per share of 11.13 yuan, reflecting a year-on-year increase of 17.41% [11]. Group 4: Future Development Strategy - The company plans to continue focusing on its industry, enhancing technical capabilities to become a specialized manufacturer of dual-use rubber and plastic components [11]. - Kolon New Materials aims to uphold its commitment to innovation and quality, striving for sustainable development across various sectors while creating greater returns for shareholders and society [11].