Core Viewpoint - Huatai Co., Ltd. (600308) indicates that its current stock price does not fully reflect its intrinsic value, despite stable operations and strong cash flow [1] Group 1: Financial Health - The company reports stable production and operations, with ample cash flow [1] - The asset-liability ratio is at a relatively low level within the industry [1] Group 2: Business Operations - Core businesses in paper and chemical sectors are operating steadily [1] - The company possesses strong market competitiveness [1] Group 3: Future Plans - The company will strictly implement its valuation enhancement plan [1] - There will be a continued focus on core business operations and optimization of business structure [1] - The aim is to deliver better performance to all shareholders [1]

Group 1: Johnson Matthey's Catalyst Technology Business Sale - Johnson Matthey announced the sale of its catalyst technology business to Honeywell for £1.8 billion (approximately RMB 17.4 billion), expected to complete in the first half of 2026 [2] - The catalyst technology business is a leader in the synthesis gas sector and has a strong sustainable technology portfolio, which will provide Johnson Matthey with £1.6 billion in cash [2] - Post-sale, Johnson Matthey will be restructured to focus on clean air and platinum group metals services [2][3] Group 2: Honeywell's Acquisition - Honeywell stated that the acquisition complements its UOP business and expands its capabilities in refining and petrochemical catalysts [2] - The expanded product portfolio will enable Honeywell to offer comprehensive solutions for producing low-emission fuels, including sustainable methanol and sustainable aviation fuel [2] Group 3: Goodyear's Chemical Business Sale - Goodyear Tire & Rubber Company announced the sale of most of its chemical business to Gemspring Capital for approximately $650 million (around RMB 6.3 billion), expected to close by the end of 2025 [4] - The transaction includes Goodyear's chemical plants in Houston and Beaumont, Texas, and related research offices in Akron, Ohio, along with a long-term supply agreement [4] - Goodyear's CEO emphasized the commitment to optimizing the portfolio and creating shareholder value through this sale [4]