Group 1: Investor Relations Activity - The company held an earnings briefing on May 19, 2025, from 15:00 to 17:00 via the "Investor Relations Interactive Platform" [3] - Participants included the Chairman, General Manager, Deputy General Manager, Financial Officer, Board Secretary, and the Sponsor Representative [3] Group 2: Performance Overview - The company's performance declined in 2024 and Q1 2025 primarily due to intensified industry competition [4] - The company aims to maximize benefits by focusing on the "Special Cable Environmental High Polymer Material Industrialization Expansion Project" and expanding its high flame-retardant materials business [4] Group 3: Cash Flow Management - Poor cash flow from operating activities is attributed to the industry’s reliance on bank acceptance bills for payments [5] - The company plans to enhance internal controls and strengthen performance assessments related to sales collections [5] Group 4: Customer Base and Market Expansion - In 2024, the top five customers accounted for 16.21% of sales revenue, with no single customer exceeding 5%, indicating low dependency on major clients [6] - The company has been actively expanding its customer base both domestically and internationally [6] Group 5: Product Development and Project Progress - The company has made progress in developing high-voltage products, with a 110kV product having obtained a type test report [7] - As of now, the main construction of the fundraising project has passed inspection, with several production lines reaching operational status [8][9] Group 6: Market Conditions - Market demand has gradually improved since March 2025, while upstream material prices have stabilized after a decline since December 2024 [10] - The company is monitoring market dynamics to adjust strategies for optimal operational efficiency [10]

Group 1 - Company Taihu Yuanda (920118.BJ) has successfully completed all project tests for its YJ-110 and THG-110 materials, meeting the GB/T11017.2-2024 and IEC60840:2023 standards, indicating that the quality and performance of its products are now industry-compliant [1] - The YJ-110 cross-linked polyethylene insulation material for 110kV AC power cables utilizes a reciprocating single-screw for mixing, which features strong mixing with low shear, and requires a melt pump to establish pressure, resulting in reduced shear force and less gel formation compared to previous three-screw solutions [2] - The THG-110 semi-conductive shielding material for 110kV AC cables has been optimized for its formulation, using high-purity base materials and carbon black, achieving better dispersion and surface smoothness, while also enhancing filtering precision to reduce impurities [3] Group 2 - The production process of the YJ-110 and THG-110 materials is conducted in a controlled environment with high cleanliness standards, ensuring consistent material performance through high-precision filtration and online detection technology [2][3] - The high-voltage power cable insulation materials are designed to be compatible with 110kV high voltage transmission and distribution projects, showcasing excellent thermal stability and processing performance [3]