Group 1 - The core viewpoint of the report is that Satellite Chemical (002648.SZ) is rated as a "buy" due to its strong growth potential in functional chemicals and overall stable profitability [2] - Functional chemicals are identified as the main driver of growth for the company, indicating a robust market demand and operational efficiency [2] - The company is actively enhancing its supply chain integration, which provides significant competitive advantages in the industry [2] Group 2 - Continuous investment in research and development is emphasized, focusing on high-end new materials and critical materials that are essential for technological advancement [2] - The report highlights potential risks, including the possibility of production capacity not meeting expectations, rising raw material prices, and declining demand [2]