Group 1: Company Overview - The company is a leading player in the domestic water-based acrylic emulsion industry, holding approximately 15% market share [2] - In 2024, the company achieved a revenue of CNY 2.151 billion, with emulsions accounting for 93.16% of this revenue [2] - The company aims to solidify its domestic market foundation while expanding into overseas markets [2] Group 2: Market Conditions and Strategies - The construction materials industry is experiencing a slowdown, with the company's main product, construction emulsion, having a gross margin of only 7% [2] - The company plans to focus on expanding the market for packaging and textile emulsions in response to market challenges [2] - The demand for water-based acrylic emulsions is expected to grow due to national policies, environmental considerations, and increasing application scenarios [4] Group 3: Industry Trends and Applications - The global container production is projected to double from 2023 to 2025, significantly increasing the demand for water-based coatings [3] - Water-based acrylic emulsions are becoming mainstream in the container coating market, accounting for about 90% of the total [4] - New application scenarios for water-based acrylic emulsions include biodegradable packaging materials and battery separator coatings in the renewable energy sector [4] Group 4: Competitive Advantages - The company has a strong market position and is a core supplier for many well-known domestic and international coating companies [6] - The company emphasizes technological innovation and has established a comprehensive R&D strategy, enhancing its competitive edge [4] - The company maintains a balanced approach to stakeholder interests, ensuring sustainable and steady development [6]