Group 1: Investment and Production Progress - The company's targeted stock issuance project, "DeLian Automotive New Material Adhesive R&D and Manufacturing Project," was successfully completed and reached its intended operational status by September 30, 2025, with small-scale production starting in October 2025. This project will add 61,700 tons of adhesive production capacity, alleviating existing capacity constraints [1] - The company plans to steadily advance its production ramp-up plan, prioritizing supply to cooperative automotive enterprises and new energy vehicle clients, aiming for gradual mass delivery [1] Group 2: Business Expansion and Strategic Partnerships - The adhesive business is expanding beyond automotive manufacturing into the shipbuilding industry, with a partnership with South Korea's Unicon expected to yield LNG ship-specific adhesives, set to launch in Q1 2026 [2] - The company’s integrated platform offers comprehensive services, including R&D, procurement, production, and market development, which attracts international enterprises for localized production and supply [2] Group 3: Product Application and Market Diversification - The core liquid cooling product, characterized by low electrical conductivity and excellent insulation, has successfully penetrated new application areas, including energy storage, wind energy, and nuclear power, achieving large-scale deployment [2] - Key clients in the wind energy sector include Goldwind Technology and Vestas, while in the energy storage sector, partnerships have been established with Foxconn and others, demonstrating a robust supply chain across various industries [2] Group 4: Future Planning and Market Trends - The company aims to deepen upstream technical cooperation and enhance independent product R&D to increase market share, focusing on the trends in the Chinese automotive industry, particularly in new energy vehicles [3] - The strategy includes expanding product categories in the new energy sector and leveraging opportunities in energy conservation, lightweighting, and localization within the automotive industry to strengthen competitive advantages and ensure long-term stable growth [3]

Core Insights - The China International Import Expo (CIIE) serves as a significant platform for DuPont to showcase its commitment to global innovation and local collaboration, marking its evolution from "manufacturing for China" to "co-creating with China" [1][2] Group 1: DuPont's Participation in CIIE - DuPont has participated in the CIIE for seven consecutive years, emphasizing its long-term commitment to the Chinese market [1] - The theme for this year's exhibition is "Linking the Future, Co-Creating New," highlighting DuPont's focus on advanced materials and solutions in healthcare, water treatment, new energy vehicles, and sustainable development [1][2] - DuPont has established numerous important partnerships and strategic agreements with local partners through the CIIE, enhancing its collaboration with the Chinese market [2] Group 2: Strategic Developments - DuPont's investment in a comprehensive adhesive production base in Zhangjiagang is a response to the trends of lightweight and electrification in the automotive industry, with the base operational since September 2023 [2] - The company has signed a new cooperation agreement with the Zhangjiagang government to establish a high-performance specialty lubricant project, supporting high-quality development in various industries [2] - The recent spin-off of DuPont's electronic business into a new independent company, Qnity, allows DuPont to focus more on its strategic sectors, enhancing operational efficiency and innovation responsiveness [3] Group 3: Commitment to Innovation in China - DuPont emphasizes the importance of the Chinese market in its global innovation strategy, with recent visits from global executives reflecting the company's commitment [4] - The company aims to build long-term "innovation partnership" relationships with local customers, investing in innovation centers and technology hubs to align global resources with local market needs [5] - DuPont has expanded its production capacity in the healthcare sector and made strategic acquisitions in water treatment to meet the growing demand in China and the Asia-Pacific region [5]