Core Viewpoint - The company held an online performance briefing to discuss its business layout, project progress, and market competition, addressing investor inquiries directly [1] Project Progress - The construction of the Cangzhou film project and the 38,000-ton BOPA film (Cangzhou) project has been delayed, with expected operational status pushed to October 2025 and October 2023 respectively. Both projects are currently under planned construction [2] Business Layout - The company is actively participating in gas pipeline projects, including potential involvement in the China-Russia gas project. In the diaphragm business, lithium-ion battery diaphragm products are widely used across various sectors, including new energy vehicles and home appliances. However, the company does not currently produce skeleton membranes or have plans to extend into solid-state battery materials [3] Market and Competition - Despite intensified competition in the nylon membrane market, the company maintains a good gross margin and plans to enhance market development efforts. The prices of dry and wet diaphragm products have not increased compared to the first half of the year, despite market fluctuations in September. A meeting was held in August to prevent malicious low-price competition in the dry diaphragm sector [4] Other Concerns - The company is in a 45-day public notice period regarding the repurchase and cancellation of restricted stocks. A second shareholder has disclosed a reduction in shares due to fund investor exit needs. The company emphasizes timely and comprehensive information disclosure, with limited on-site investigations [5]