Core Viewpoint - DuPont and Fuyao Group have launched a new generation of primer-free polyurethane adhesive, marking a significant collaboration aimed at enhancing automotive glass installation safety and efficiency [1] Group 1: Product Innovation - The new primer-free polyurethane adhesive allows for direct bonding to original factory paint surfaces, featuring high modulus and non-conductive properties [1] - The product has passed FMVSS 212 certification and remains reliably cured at -18°C, supporting a quick drive-away time of as little as 30 minutes [1] Group 2: Market Impact - This innovation represents a step towards building a new ecosystem in the aftermarket that is "safe and reliable, process replicable, and standards promotable" [1] - Fuyao Group emphasizes the importance of product quality and the safety, efficiency, and technical compatibility of the "last mile" installation in modern repairs [1] Group 3: Competitive Advantage - The new adhesive offers factory-level bonding strength, quick curing, and compatibility with Advanced Driver Assistance Systems (ADAS), meeting the high-quality and efficiency demands of modern automotive repairs [1]

Group 1: Company Performance and Market Response - The company's stock price has remained below the issue price for three years, raising concerns among management about market performance and value management strategies [2][3] - Management emphasizes that stock performance is influenced by various factors, including macroeconomic conditions, investor preferences, market expectations, and overall capital market environment [2] - The company has implemented several market value management measures, including equity incentives, share buybacks, and cash dividends [3] Group 2: Business Strategy and Growth Opportunities - The company continues to focus on its core business while actively responding to market changes and enhancing its competitive advantages [3] - There is an ongoing effort to explore new application areas for hot melt adhesive products, aiming to identify potential second growth lines and opportunities [3] - The goal is to transform the company into a comprehensive adhesive manufacturer, thereby creating sustained value and returning profits to shareholders [3]