Core Viewpoint - Lingwei Technology has developed unique production processes and proprietary products through long-term R&D and continuous optimization of production techniques, aiming to enhance its market position and expand into high-end applications of silica [1] Group 1: Product Development - The company has created a range of products including extinguishing agents, adsorbents, opening agents, rust-proof pigments made from silica, water-based epoxy emulsions and curing agents, and silica sol [1] - The transition from a single product to a diversified product line demonstrates the company's commitment to innovation and market adaptability [1] Group 2: Future Strategy - Lingwei Technology plans to continue investing in R&D to develop new products with higher added value and stronger competitiveness [1] - The goal is to penetrate more mid-to-high-end application fields of silica, which is expected to enhance the company's main business performance [1]

Group 1: Financial Performance - The company achieved a revenue of 479 million yuan in 2024, with overseas sales contributing 117 million yuan, accounting for 24.42% of total revenue [5] - The sales of anti-rust pigments and opening agents are expected to see double-digit growth in 2024 compared to the previous year [6] Group 2: Market and Product Development - The company has established partnerships with over 3,000 enterprises globally, with a focus on Southeast Asia and Europe, minimizing the impact of U.S. tariff policies on overseas sales [2] - The company is expanding its product applications into high-temperature resistant materials, industrial anti-corrosion, and medical films, among others [4] Group 3: Production and Technology - The company is in the production phase of its 20,000-ton ultra-fine silica project at the Ma'anshan base, utilizing photovoltaic energy to reduce carbon emissions [3] - The production process has been fully automated and digitized, enhancing efficiency and precision through the integration of DCS and MES systems [4] Group 4: Research and Development - The company invests heavily in R&D, with 12 core technologies and 32 authorized patents, focusing on the development of nano-silica materials [4] - Future R&D efforts will target high-end applications and involve collaboration with universities and complementary enterprises to strengthen innovation capabilities [4] Group 5: Competitive Advantages - The company has developed unique production technologies that have broken the monopoly of foreign firms in the domestic mid-to-high-end market [7] - The production of nano-silica involves complex processes requiring precise control, creating significant entry barriers for competitors [7] Group 6: Strategic Outlook - The company plans to enhance its market presence and brand recognition globally while expanding its sales network and deepening relationships with existing customers [5] - Future mergers or expansions into upstream and downstream sectors will be considered based on market conditions and company performance [6]