Core Viewpoint - Folei New Materials (605488) plans to raise up to 710 million yuan through a private placement of shares, with net proceeds aimed at expanding production capacity for label printing materials, upgrading electronic-grade functional materials, enhancing the R&D center, and supplementing working capital [1][2] Group 1: Company Overview - Folei New Materials is the first company in China's inkjet printing composite materials industry to achieve integration of base film, adhesive, and coating [1] - The company's products include advertising inkjet printing materials, label printing materials, electronic-grade functional materials, functional base film materials, and adhesive materials [1] Group 2: Industry Trends - The functional coating composite materials industry has been encouraged by various policies, leading to continuous expansion of the industry scale and breakthroughs in core technologies, indicating significant future market potential [1] - The growth of e-commerce and changes in consumer shopping habits have driven an increase in demand for film labels with unique advantages such as waterproof, moisture-proof, and oil-resistant properties [1] - The trend towards lightweight and flexible designs in consumer electronics and automotive electronics necessitates electronic-grade adhesive materials that meet high standards for adhesion, weather resistance, and insulation [1] Group 3: Business Strategy - Folei New Materials has achieved sustained high growth in related business revenues by deepening cooperation with downstream customers and actively exploring overseas markets [2] - The company is strategically positioning itself in the electronic-grade functional materials sector, capitalizing on the rapid development of consumer electronics and automotive electronics, as well as the acceleration of domestic substitution [2] - The planned fundraising will enhance the company's ability to leverage industry chain synergies and diverse application advantages, providing essential capital support for seizing industry trends, expanding market share, and promoting industrial upgrades [2] Group 4: R&D Investment - The company emphasizes the need for continuous investment in R&D to maintain product competitiveness amid increasing industry competition [2] - The fundraising will support the upgrade of the R&D center, improving research infrastructure and equipment, thereby enhancing the company's technical development capabilities [2] - This project aims to align with industry technological innovation trends, ensuring the company maintains its R&D innovation advantage and leads technological changes in the industry [2]