Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints of the Report The report presents responses from Shanshui Technology to investors' questions, covering aspects such as project progress, market demand, and technological advantages [21]. 3. Summary by Related Catalogs 3.1. Basic Research Information - Research object: Shanshui Technology [17] - Industry: Chemical products [17] - Reception time: 2025-06-12 [17] - Reception personnel: Chairman and General Manager Huang Guorong [17] 3.2. Detailed Research Institutions - Guolian Minsheng Securities, with related personnel Zhang Weihang, Liu Hairong, and Liu Tianqi [18] - Hua'an Securities [18] 3.3. Main Content Data - **Project progress**: The company's supporting raw material project is currently in the process of handling various approval procedures [21]. - **Market demand**: The future demand for 6-nitro compound is expected to increase as the domestic nylon 66 production capacity grows steadily, leading to a continuous rise in the demand for acid dyes [22]. - **Technological advantages**: - The company's hydrogenation reaction technology is an aqueous hydrogenation process, which has significant cost advantages compared to traditional solvent-phase reactions and is environmentally friendly [23]. - The company's nitration reaction technology uses pipeline reaction, which significantly improves safety, reduces production risks, and enhances production efficiency and product quality [24]. - **Production capacity**: The current production capacity of 2,3-dichloropyridine is stable, and the company is expanding its production capacity from 8,000 tons/year to 18,000 tons/year [25].

Group 1: Company Projects and Developments - The company is currently processing various approval procedures for its supporting raw material project [1] - Future demand for 6-nitro compounds is expected to rise due to stable growth in domestic nylon 66 production and increasing demand for acidic dyes [1] - The production capacity of 2,3-dichloropyridine has been increased from 8,000 tons/year to 18,000 tons/year, with the expansion project progressing steadily [2] Group 2: Technological Advantages - The hydrogenation technology used by the company features a water-phase hydrogenation process, which shows significant cost advantages over traditional solvent-phase reactions in terms of equipment investment, energy consumption, human resources, raw material costs, and environmental treatment [1] - The pipeline reaction technology adopted for nitration processes significantly enhances safety, reduces production risks, and improves production efficiency and product quality [2] Group 3: Risk Awareness - The forward-looking statements regarding company goals, plans, and outlooks made during the communication do not constitute substantial commitments to investors, who should maintain adequate risk awareness [2]