Core Viewpoint - The company has not participated in the formulation of national-level environmental standards for synthetic leather products, but aims to increase the revenue share of eco-friendly products and automotive interior business in the future [1]. Group 1 - The company has not yet engaged in the development of national-level eco-friendly synthetic leather product evaluation standards [1]. - The company's Vietnam base primarily serves local and surrounding factories for sports, furniture, and home brands [1]. - The company plans to enhance the revenue share of water-based, solvent-free, and bio-based eco-friendly products, as well as its automotive interior business [1].

Core Insights - Amway Co., Ltd. announced on November 20 that it is participating in the Anhui Top 100 Enterprises ranking activity, which is based on voluntary applications from companies and confirmed by relevant institutions, using 2024 revenue as the entry standard [2] Group 1 - The ranking will identify the comprehensive top 100 enterprises in Anhui, as well as the top 100 in manufacturing and services, and the top 30 in emerging industries [2] - The company maintains a high level of R&D investment, with R&D expenses accounting for over 5% of revenue in the past two years [2] - The focus of R&D is primarily on ecological and functional areas, with an emphasis on developing high-performance and multifunctional materials [2] Group 2 - Currently, the company is actively developing new materials and processes, including high-performance, water-based, solvent-free, silicon-based, bio-based, and recycled materials [2]