Group 1: Product Development and Applications - The company is entering mainstream industries for HDI products, including coatings, automotive paints, and industrial paints, while also focusing on polyurethane new materials as a key market for future development [2] - The company's self-developed foaming TPU is lightweight and highly elastic, primarily used in sports shoe midsoles, showing strong profitability and rapid sales growth [3] - The special amine products include PNA, PPDA, and CHDA, with applications in dye synthesis, aramid and polyimide production, and as epoxy curing agents in various fields [3] Group 2: Project Progress and Market Response - Two small-scale rapid fundraising projects commenced construction in Q4 2024, with an 18-month construction period; one project aims for an annual output of 10,000 tons of expandable thermoplastic polyurethane elastomer, and the other for 30,000 tons of water-based polyurethane [4] - The sales team has been actively promoting the Henan project through exhibitions and client visits, resulting in positive market feedback and ongoing engagement with target customers [2] Group 3: Financial Performance - The company's second-quarter performance was influenced by market demand, raw material prices, and operational factors, with specific results to be detailed in the upcoming semi-annual report [4]