Core Viewpoint - The company is focused on maintaining its core business while gradually pursuing a diversified development strategy, aiming to enhance its market share and product profitability through new environmentally friendly products and technologies. Group 1: Company Performance and Strategy - The company reported a year-on-year increase in profitability for the first quarter of 2025 [3] - The company plans to enhance its market share in the raw sand and coated sand markets following the full production capacity of its Zhangwu quartz sand mine [2] - The company aims to develop a business system suitable for its growth, focusing on quartz sand as the core business and strengthening its presence in the casting materials and fracturing proppants markets [4] Group 2: Industry Outlook - The casting materials industry is expected to evolve towards environmentally friendly, low-emission products, with a shift from organic to inorganic materials [4] - The widespread application of 3D printing technology in the industry is anticipated to raise the standards for casting materials [4] Group 3: Technological Advancements - The company has begun applying its products in 3D printing and is gradually expanding this application, which is expected to significantly reduce costs [5] - The company has developed low-ammonia and ammonia-free coated sand products to minimize emissions during the casting process [9] Group 4: Market Position and Competition - The company has a complete business system from raw sand to coated sand and waste sand recycling, ensuring a competitive advantage in the industry [11] - The company does not engage in price-cutting strategies to avoid "involution" competition, focusing instead on product quality and technological advantages [7] Group 5: Customer Base and Orders - The company currently has stable orders and serves several prominent clients, including Chang'an Automobile, Top Group, and China National Petroleum [12]