Core Insights - Meirui New Materials Co., Ltd. has made significant progress in its functional chemical raw materials segment, achieving a 25.25% year-on-year revenue growth in the polyurethane new materials sector [2] Group 1: Company Developments - The company conducted a roadshow on August 26, 2025, engaging with 20 institutions including Beijing Yutian Capital Management Co., Ltd. and Beijing Jiangyi Capital Management Co., Ltd. [1] - The first phase of the polyurethane industrial park project by Meirui Technology has commenced trial production, with some production units achieving stable operation and small-scale external product supply [2][3] - The company plans to increase its investment in its subsidiary Meirui Technology to enhance its capital strength and alleviate liquidity pressure, which is expected to have no significant impact on the parent company's cash flow due to its strong profitability and ample cash reserves [3] Group 2: Product and Market Strategy - The sales team of Meirui Technology is actively promoting market outreach, receiving positive feedback for its products [3] - The company is utilizing self-produced isocyanate products to replace some externally sourced raw materials, thereby reducing dependency on external suppliers and controlling supply chain risks [3] - The company is exploring the application of TPU materials in the robotics field, although its products are not currently used in this area [3] Group 3: Project Progress - The construction of two projects, a 10,000-ton expandable thermoplastic polyurethane elastomer project and a 30,000-ton water-based polyurethane project, is underway, with both expected to reach operational status by June 2026 [3]