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]

Group 1: Company Products and Applications - Current product applications include functional shoe materials, sofa home furnishings, automotive interiors, and consumer electronics, with a focus on mid-to-high-end markets [1] - Future growth expected in high-performance, multifunctional, and eco-friendly materials across emerging sectors such as high-end sports, new energy vehicles, consumer electronics, and healthcare [1] - Water-based and solvent-free products accounted for approximately 22% of sales in 2024, with plans to increase this share in the next two to three years [5] Group 2: Production Capacity and Operations - Anli Vietnam plans to establish four production lines, with two already operational since late 2022, aiming for an annual production capacity of 18 million meters of eco-functional polyurethane synthetic leather and composite materials [2] - The company's sofa home furnishings business is influenced by the real estate market, leading to fluctuations in demand, but strategic customer expansion has improved brand recognition [3] Group 3: Strategic Partnerships and Market Position - Anli is the only qualified supplier of polyurethane synthetic leather and composite materials for Nike in mainland China, with significant growth potential in procurement share [6] - The company aims to enhance its market share through a "four-pronged" strategy focusing on specialization, branding, scale, and internationalization [8] Group 4: Growth Targets and Internal Goals - Annual production and operational targets are set based on industry trends and internal strategies, but these are aspirational and not commitments to investors [4]