Core Viewpoint - The company, Nanjing Julong, is investing 130 million yuan to establish a production project for 40,000 tons of special materials annually, focusing on flame-retardant products to enhance its product structure and market competitiveness [1][2]. Investment and Project Development - The project will utilize approximately 5,800 square meters of space, including 15 production lines and a 2,500-slot storage facility [1]. - The specific materials to be produced have not been disclosed, but they are likely to include modified products of special engineering plastics such as PPA, PEEK, and PPS, expanding the company's offerings beyond modified nylon and polypropylene [2]. Product Focus and Market Demand - The company is concentrating on automotive applications, particularly in battery packs and other critical components, having developed various flame-retardant and high-temperature materials for these uses [3]. - Ongoing projects include a production line for 50,000 tons of special engineering plastics and modified materials, expected to be operational by December 31, 2025 [4]. Emerging Fields and Strategic Direction - The company is also developing materials for emerging fields such as hydrogen storage, robotics, medical health, and communication radar, aligning with its "4 + 2" development strategy focused on high-end equipment, new materials, and aerospace applications [5]. Financial Performance - In 2024, the company achieved a revenue of 2.387 billion yuan, a 30.53% increase year-on-year, marking its first time exceeding 2 billion yuan [6]. - The net profit attributable to shareholders was approximately 84.34 million yuan, reflecting a 16.25% growth compared to the previous year [6]. Sales Breakdown - Sales of modified plastic products for automotive and new energy vehicles reached 1.782 billion yuan, up 31.24% year-on-year [7]. - The aerospace and low-altitude economy sector saw a remarkable revenue increase of 263.80%, generating 30 million yuan [7].

Group 1 - The company, Nanjing Julong, plans to invest 130 million yuan to establish a production project for special materials with an annual output of 40,000 tons [1] - The project will involve the construction of a new production line and a three-dimensional warehouse, primarily focusing on the production of flame-retardant products [1] - The investment progress of the project will be phased and implemented based on market development conditions [1]

Group 1 - The company plans to sign a project cooperation agreement with the Nanjing Jiangbei New Area Intelligent Manufacturing Industry Development Management Office to lease a factory of 5,800 square meters [1] - The investment for the project is set at 130 million yuan, aimed at establishing an annual production capacity of 40,000 tons of specialty materials [1] - The project will include the construction of a new production line for specialty materials and a three-dimensional warehouse, primarily focusing on flame-retardant products to optimize product structure and enhance market competitiveness [1] Group 2 - The investment will be implemented in phases, and the project has already been approved by the board of directors and the supervisory board, not requiring approval from the shareholders' meeting [1] - The project does not constitute a related party transaction or a major asset restructuring [1]