消费时代，杯壶已不再是单一的功能性容器，而逐渐成为生活方式与审美品位的表达。格米坚持"中国 高端杯壶品牌"的定位，自2018年创立以来，始终在行业中探索创新路径，从产品到渠道、从设计到文 化，不断刷新着大众对"杯壶"的认知。如今，格米又迎来新的篇章——线下独立专柜在全国遍地开花， 成为品牌发展的又一里程碑。 35000+店中店燎原之势，格米的入局很"balance" 初入局时，格米看似在一个传统行业赛道，却选择了截然不同的产品与渠道打法。没有直接一头扎进线 下专柜，而是先通过"店中店"的形式快速铺开市场，逐渐平衡用户需求与商业目标。凭借与酷乐潮玩、 胖东来、山姆、Ole等高端商超的合作，格米迅速进入消费者视野，仅用几年时间就完成了35000+店中 店的覆盖。格米用大范围的触点让更多人感受到：时尚的杯壶可以不只是工具，还可以是生活方式、社 交文化的多样表达。 独立专柜遍地开花，格米逐步重构消费体验 当市场认知建立完成，格米将重心从"广"转向"纵深"。2025年起，格米陆续在安徽阜阳、浙江宁波、浙 江瑞安、陕西西安、甘肃兰州等腹地城市的重点综合体投设专柜。与商超货架上的"快消体验"不同，独 立专柜承载的是完整的品 ...

Core Viewpoint - The announcement highlights the confidence of the controlling shareholder in the company's future development and the recognition of its long-term investment value, which is expected to boost investor confidence and support the company's sustainable growth [1] Company Overview - Yanpai Co., Ltd. specializes in the supply of industrial filtration materials, including filter cloths and bags, widely used in various industries such as thermal power, cement, chemical pharmaceuticals, environmental protection, and new energy [2] - The company has established a significant production capacity of needle-punched non-woven fabrics and woven filter fabrics, enabling efficient production and rapid delivery, positioning it among the industry leaders [2] Financial Performance - In 2024, Yanpai Co., Ltd. achieved a revenue of 785 million yuan, representing a year-on-year growth of 8.75%, with non-woven and woven product series generating revenues of 390 million yuan and 314 million yuan, respectively [3] - The company reported a good start in Q1 2025, with revenues reaching 200 million yuan, a year-on-year increase of 16.49% [3] Capital Raising and Investment - In 2024, the company successfully issued convertible bonds, raising 468 million yuan, with 348 million yuan allocated to a high-performance filtration materials project, which will add an annual production capacity of 9.19 million square meters [4] - The project aims to enhance the company's core competitiveness in the environmental filtration industry and improve service capabilities for large clients [4] Economic Benefits of New Projects - The high-performance filtration materials project is expected to generate an annual revenue of approximately 608 million yuan, with a post-tax internal rate of return of 12.21% and a static payback period of 8.73 years [5] - Innovations in the production process are expected to significantly reduce costs and improve efficiency, particularly for high-performance glass fiber PTFE composite filter materials [5] Strategic Expansion - To diversify its business and enhance resilience, the company is expanding from traditional industrial applications to emerging consumer markets, including a strategic investment in Zhejiang Yongxiang Synthetic Materials Co., Ltd. [6] - The establishment of a subsidiary focused on consumer filtration products and high-permeability materials aims to enhance the company's product ecosystem and market reach [6] Market Strategy - The company is focusing on expanding its market share in domestic sectors such as coal-fired power plants, cement, steel, waste incineration, and wastewater treatment, leveraging precise product promotion strategies [7] - In the international market, the company is strengthening its presence in North America and Europe while actively exploring opportunities in Southeast Asia to build a global marketing network [7]