Core Viewpoint - The production launch of the POE high-end new materials project marks a significant milestone for the company, transitioning it from a fine chemical additive and catalyst manufacturer to a diversified producer of new materials and fine chemicals, which will positively impact its long-term operational performance and sustainable development [1][2] Company Summary - The industrialization of the POE high-end new materials project has successfully produced qualified POE products, with performance indicators meeting or exceeding those of foreign counterparts [1] - The project primarily produces POE and α-olefins, which are widely used in electronics, automotive, medical, and new energy sectors, contributing to the downstream extension of the high-end petrochemical industry chain [1] - The successful pilot tests of the project have garnered market recognition, with samples being well-received by various clients [1] Industry Summary - China's self-sufficiency in high-end polyolefins, engineering plastics, functional film materials, high-performance fibers, and electronic chemicals remains low, indicating a growing demand for chemical new materials as domestic industrial upgrades accelerate [1] - The cost advantage of the POE high-end new materials project is a core competitive factor, with unit costs significantly lower than the industry average due to stable batch production from imported equipment [2] - Current POE prices are at historical lows, but are expected to rebound as the penetration rate of N-type batteries increases and demand from emerging overseas markets is released [2]