Group 1: Company Overview and Business Model - The company employs a diversified sales model for its nano fluid materials, combining C-end and B-end sales, covering a full range of end products, fluid materials, and composite substrates [2] - The coating materials business utilizes a "C-end functionality plus B-end industrial customization" approach, enhancing product value and user experience while catering to various industrial needs [3] - The company’s new business includes materials and semi-finished products for industrial clients, as well as end products for new material applications, focusing on high-value, high-barrier protective and functional products [3] Group 2: Market Strategy and Growth Potential - The company is expanding its cross-border channels through a three-dimensional strategy of regional expansion, channel upgrades, and category expansion, with a focus on North America and emerging markets [3] - Current growth drivers include protective gloves, outdoor tents, and pressure-sensitive adhesives, with a future focus on increasing the share of B-end industrial clients to enhance profitability [3] - The TPE materials have undergone four generations of iteration, improving key performance metrics, and while they have the potential for use in robotic skin, the current focus remains on established applications [4] Group 3: Financial and Operational Insights - The company anticipates that as the proportion of B-end clients increases, the overall profitability will improve due to lower cost ratios compared to C-end clients [3] - The company’s coating products are designed to enhance surface performance and lifespan, with applications across various high-end industries, indicating a broad market potential [3]

Group 1: Nano Fluid Materials Applications - The company's nano fluid materials can be applied in humanoid robots, flexible protective gear, and core components, showing significant advantages in puncture resistance, weight, flexibility, and abrasion resistance compared to traditional materials [2][3] - The company has no direct competitors offering similar performance materials that can be mass-produced, highlighting its core competitive advantage in self-research capabilities, extensive patent layout, and cost advantages [2][3] Group 2: Market Expansion and Future Plans - The nano fluid materials can also be expanded into military and police protection, personal safety, emergency and firefighting equipment, and sports, with entry barriers mainly in certification cycles, industry qualifications, customer verification standards, and supply chain requirements [3] - The company plans to focus on military and police protection, personal safety, and robot protection, while also exploring feasibility studies for new energy and semiconductor applications [3] Group 3: Revenue Growth and Business Strategy - In the first three quarters of 2025, the company's security product revenue achieved over 80% growth, primarily driven by end products like puncture-resistant gloves and clothing [3] - The future strategy for the security business will focus on both B2B (industrial, military, and industry clients) and B2C (consumer market) channels to enhance competitiveness through an integrated model of materials and finished products [3] Group 4: Aerospace Technology and Commercialization - The company aims to leverage aerospace technology for civilian products, enhancing performance in various applications, including outdoor gear and automotive products, which may become a new growth point in 2026 [4][5] - The company has developed anti-icing technology suitable for harsh environments, laying a solid foundation for commercial expansion across multiple fields [5] Group 5: International Operations and Market Strategy - The company plans to establish overseas factories primarily in North and Latin America to mitigate international trade uncertainties and to localize production [5] - The focus remains on strengthening global brand influence and channel development while providing high-performance solutions to industrial clients [5] Group 6: Business Segmentation and Future Goals - The new business income defined in the stock incentive plan includes security protection and flexible connections, with B2B business expected to account for around 20% of total revenue in the first three quarters of 2025 [6] - The company aims to increase the proportion of B2B business revenue and may consider independently disclosing materials business to better reflect its technological value and growth potential [6]

Core Viewpoint - Tai Li Technology is transitioning from a traditional manufacturing enterprise focused on consumer home storage products to an innovative company centered on nanomaterials technology, establishing a dual-driven development model of "C-end stability and B-end growth" to enhance high-quality development [2][4]. Group 1: Business Strategy - The company has established a "C/B-end collaborative development" strategy, where C-end business serves as the core foundation, ensuring stable cash flow through continuous product iteration and application expansion, while B-end business acts as the strategic growth engine, entering high-growth sectors such as security, robotics, and new energy [4][10]. - In the first half of 2025, the domestic B-end business experienced a year-on-year growth of 235%, indicating a steady upward trend [4]. Group 2: Product Development - Tai Li Technology showcases both traditional home consumer products, like vacuum storage bags, and high-tech new material products, reflecting a clear trajectory of transformation without disruptive restructuring [3]. - The company is the exclusive supplier of compression bags for China's aerospace sector, with products having been sent to space 29 times, contributing significantly to astronaut life support [3]. Group 3: Nanomaterials Innovation - The company has developed a new type of police stab-resistant clothing and gloves using shear-thickening nanofluid materials, which solidify upon impact, providing excellent protective capabilities [6][7]. - The flexible protective solutions are expected to lead the industrialization of nanomaterials technology, with a full supply chain from core material research to end-product manufacturing [7]. Group 4: Research and Development - Tai Li Technology prioritizes R&D innovation, aiming for R&D expenses to account for over 10% of sales revenue, and has built a professional R&D team of nearly 200 members [9]. - The company collaborates with universities to establish advanced functional materials research institutes and joint laboratories, focusing on key areas such as nanoflexible protective materials and intelligent manufacturing [9].

Group 1: Company Overview and Activities - The investor relations activity included a visit to the company's laboratory, product exhibition hall, and selection center [2] - The meeting featured a Q&A session addressing various topics related to the company's operations and market strategies [2] Group 2: Applications in New Energy Vehicles - The company has developed removable pressure-sensitive adhesives combined with mushroom fasteners for applications in new energy vehicle interior assembly, dashboard, and various interior components [2][3] - Anti-puncture protective materials are designed to safeguard battery packs in new energy vehicles, reducing the risk of safety incidents during collisions [3] - Multi-functional coating materials enhance the scratch resistance of vehicle paint, minimizing damage during regular use and transport [3] Group 3: Financial Performance and Growth Strategy - In the first three quarters of 2025, the company experienced revenue growth but a decline in profits due to external pressures and increased R&D investments [3] - The company aims for a revenue growth rate of no less than 20% and a net profit growth rate of no less than 25% by 2026, with emerging business revenue targeted at no less than 210 million yuan [3][4] - The growth strategy focuses on channel upgrades, business expansion, and exploring new markets, particularly in the B-end sector [3][4] Group 4: B-end Business Development - The company is leveraging its material technology to expand into diverse application scenarios, including functional adhesives and TPE materials, which have gained trust from industrial clients [3] - The company is actively developing coating materials for anti-icing and scratch resistance applications [4] - Future plans include deepening collaborations with industrial clients to enhance product performance [4] Group 5: Future Business Development Plans - The company plans to maintain steady growth in the C-end market while aggressively expanding B-end business, focusing on security, outdoor, flexible connections, and functional coatings [4]

Group 1: R&D Investment and Innovation - The company has prioritized R&D innovation since its establishment, with over 20 years of continuous investment in time and talent, and plans to further increase R&D investment focusing on three main areas: talent acquisition, advanced laboratory setup, and collaboration with academic institutions [2][3] - The company aims to build a professional R&D talent matrix by attracting high-end talent and experts in materials science, protective technology, and coating technology [2] - The establishment of advanced laboratories and testing platforms is intended to enhance the full-process R&D infrastructure [2] Group 2: Competitive Advantages of Nano Fluid Materials - The core technological advantages include a unique shear-thickening effect that provides flexible protection with intelligent dynamic response capabilities, surpassing traditional hard materials in key protective indicators [3] - The product structure achieves a balance between lightweight and high performance, reducing weight by over 40% while meeting national standards for puncture resistance [3] - The company has achieved self-research and mass production of key raw materials, significantly lowering costs and ensuring strategic autonomy [3] Group 3: Market Growth and Channel Strategy - In the first three quarters of 2025, the company's security product revenue experienced nearly 100% year-on-year growth [3] - The channel strategy covers both C-end and B-end markets, utilizing mainstream e-commerce platforms to reach end consumers while also focusing on professional markets [3] - The security materials can be combined with fabrics to enhance wear-resistant and puncture-resistant performance, with applications in military, police, and high-end protective gear [3] Group 4: B-end Transformation and Future Planning - The company is building B-end transformation capabilities by forming a dedicated B-end market team and integrating upstream and downstream resources [4] - The current revenue structure is primarily C-end, providing stable cash flow, while future plans include a dual development strategy for C/B-end markets to ensure high-quality growth [4] - The company has sufficient production capacity to meet current demand across various channels, with plans for flexible capacity expansion based on market growth [4]

Core Viewpoint - Tai Li Technology (301595) is optimistic about the synergy between its traditional and new businesses by 2025, indicating a positive development trend [1] Group 1: Traditional Business - The company focuses on core categories in its traditional C-end business, enhancing operational precision and optimizing platform resource allocation [1] - There is an emphasis on evaluating input-output effectiveness, prioritizing resources towards differentiated, growth-oriented, and high-potential products such as safety and care, household supplies, and functional adhesives [1] - The overall marketing expense ratio is expected to decrease effectively as a result of these strategies [1] Group 2: New Business - The B-end new business is exploring more applications of functional materials in industrial clients, such as promoting the use of nanofluid materials in robotics and public security systems [1] - Functional adhesives and TPE materials are identified as core materials for flexible connection products, enabling more industrial clients [1]

Core Viewpoint - Tai Li Technology is focusing on optimizing its traditional C-end business by concentrating on core categories and enhancing input-output assessments to effectively reduce marketing costs by 2025 [1] Group 1: C-end Business Strategy - The company aims to strengthen input-output evaluations and optimize platform resource allocation in its traditional C-end business [1] - The focus will be on core product categories to drive efficiency and effectiveness [1] Group 2: B-end Business Development - The company is continuously expanding its B-end new business by promoting the application of functional materials in industrial customer scenarios [1] - Key initiatives include advancing the use of nano fluid materials in robotics and public security systems [1] - Functional adhesives and TPE materials are identified as core materials for flexible connection products, enhancing value for industrial clients [1]

Group 1: Company Overview and Strategic Focus - The company integrates new business revenue as a key performance indicator for equity incentives, emphasizing its role in strategic upgrades and technology innovation [2] - New business revenue aims to guide the core team towards strategic focus and enhance execution in the B-end market, reflecting management's commitment to business structure optimization [2] - The company aims to clearly communicate its business development plans and growth potential to investors through this incentive mechanism [2] Group 2: Advances in New Materials - The company has made significant progress in the application of new materials, including stable operations in nano-fluid materials, adhesive materials, TPE materials, and functional film materials [3] - Future efforts will focus on the commercial application of functional coating materials in areas such as anti-icing and anti-scratch, enhancing the product line and core competitiveness [3] Group 3: Supply Chain and Cost Management - The impact of upstream raw material supply on overall operations is limited, with successful self-research replacements for previously imported materials [3] - Cost optimization is achieved through technological iterations, with several core raw materials showing significant cost reduction potential [3] Group 4: Aerospace Sector Development - The company leverages its core material technology to establish a strong presence in the aerospace sector, being the exclusive supplier of vacuum packaging products for China's space missions [3] - Innovative applications of adhesive products in space station operations demonstrate the company's capability in providing reliable support for aerospace tasks [3] Group 5: Future Market Strategy - The company plans to promote collaborative development in both C-end and B-end markets, with the C-end serving as a stable foundation and the B-end targeted for growth through customized solutions [4] - The goal is to achieve structural optimization with a focus on "C-end stability and B-end breakthrough" to drive revenue growth [4]

Core Viewpoint - TaiLi Technology (301595) is actively engaging with robot manufacturers to explore the application of its self-developed nano-fluid materials for flexible protective layers and glove fabrics [1] Group 1 - The company has developed nano-fluid materials that can support the underlying materials for flexible protective layers in robots and glove fabrics [1] - Technical exchanges and business connections with relevant robot manufacturers are currently underway [1] - Further verification and optimization of specific application scenarios are needed [1]