Core Viewpoint - 隆华新材 is focused on enhancing its core competitiveness and expanding its market presence through innovative product development and strategic investments in production capacity [2][7]. Company Performance - In Q1 2025, 隆华新材 reported a main revenue of 1.509 billion yuan, an increase of 11.52% year-on-year; net profit attributable to shareholders was 57.1247 million yuan, up 19.52% year-on-year; and net profit after deducting non-recurring items was 48.5165 million yuan, an increase of 9.42% year-on-year [8]. Product Development and Innovation - 隆华新材 emphasizes "energy-saving, high efficiency, and high quality" in its product research and development, with a focus on creating green and low-carbon smart factories [2]. - The company has developed a high-performance polyether production line with a capacity of 150,000 tons per set, featuring innovative production processes that fill domestic gaps [2][5]. Market and Application - The company's polyether products are primarily used in soft home furnishings, automotive, footwear, sports, and construction waterproofing sectors [3]. - 隆华新材's polyamide resin products are widely applied in mechanical manufacturing, automotive, electronics, and textiles [3]. Strategic Projects - The company is planning a high-performance modified polymer materials project and is in the commissioning phase for its nylon 66 phase one project, which is expected to contribute significantly to revenue and profit once fully operational [2][3]. Financial Management and Shareholder Returns - 隆华新材 has a history of stable cash dividends, with plans to distribute 0.80 yuan per 10 shares for the 2024 fiscal year [7]. - The company maintains a debt ratio of 44.86% and has implemented measures to manage credit risk effectively, ensuring no bad debts have occurred [8]. Market Expansion - 隆华新材 is actively exploring overseas markets, with its polyether products already sold in over 60 countries and regions, including Southeast Asia and Europe [6].