Group 1: Company Strategy and Market Focus - The company adheres to a vertical integration strategy, focusing on high-end markets and resource integration to enhance the value chain and build an ecological chain [1] - The company is actively pursuing opportunities in emerging industries such as robotics and low-altitude economy through mergers and acquisitions [1] - The company aims to expand its applications in new energy composite materials, particularly in the fields of eVTOL structural materials and lightweight materials for smart wearables [2] Group 2: Product Differentiation and Competitive Advantage - The company achieves differentiation through vertical integration, technological breakthroughs, customized services, and innovation in eco-friendly materials [1] - The company has successfully supplied its HP-RTM battery packs to leading clients in the power battery sector, including CATL and BYD, and has entered multiple automotive supplier systems [2] - The company is focusing on the development of new materials to enhance profit margins and competitive advantages in the market [5] Group 3: Financial Performance and Future Outlook - The company reported a first-quarter revenue of 4.412 billion yuan and a net profit of 111 million yuan for the first quarter of 2025 [9] - The company is committed to improving operational efficiency and market service capabilities to achieve revenue and profit growth in the second quarter [4] - The company is actively managing inventory and receivables to enhance asset turnover rates and overall operational efficiency [10] Group 4: Expansion Plans and Project Development - The company is progressing with the construction of its Yixing composite materials factory as planned [4] - The company has several strategic projects underway, including the production of polystyrene (PS) and expandable polystyrene (EPS) to strengthen its upstream supply chain [11] - The company is exploring the potential for producing PEEK products and has developed high-strength carbon fiber reinforced PEEK materials [9]

Core Viewpoint - Dongbao Biological is actively promoting its share repurchase plan to enhance employee incentive mechanisms and support its strategic goals in the collagen industry [1][2] Group 1: Share Repurchase Plan - The company approved a share repurchase plan on January 3, intending to use its own and/or raised funds to buy back its A-shares through centralized bidding or other legal methods [1] - The repurchase amount is set between RMB 50 million and RMB 100 million, with a maximum repurchase price of RMB 8.00 per share [1] - As of March 31, the company has repurchased 7.348 million shares, accounting for 1.2379% of the total share capital, with a total transaction amount of RMB 40.1431 million [1] Group 2: Strategic Focus and Goals - Dongbao Biological focuses on the collagen industry, aiming to innovate and deepen the application of collagen across medical, health, food, and beauty sectors [1] - The company plans to create a vertically integrated product strategy, enhancing brand and channel collaboration to diversify and increase revenue [2] - The goal is to become a leading brand in the domestic collagen market and a comprehensive enterprise group in the health industry, emphasizing scale, platform, and brand benefits [2]