Group 1: Shareholder Concerns - The major shareholders have no current plans for share reduction following the lifting of restrictions [13][16] - The company emphasizes that any future share reduction will be disclosed in accordance with legal and regulatory requirements [14][16] - The company has not engaged in share buybacks since its IPO in 2011, which has led to concerns about its commitment to shareholder value [29] Group 2: Financial Performance and Business Strategy - The company reported a significant increase in operating costs for its subsidiary, Weifutong, with a 247% rise attributed to changes in business structure [8] - The company is focusing on high-value products, which has led to a decrease in overall revenue but an improvement in profit quality [36] - The company’s net profit from Weifutong was 4.2 million yuan, accounting for less than 10% of the consolidated net profit for the first half of 2025 [4] Group 3: Market and Business Development - The company is actively monitoring the policy environment and potential business opportunities related to stablecoins, but acknowledges significant uncertainties in this area [2][3] - Weifutong's cross-border payment business currently has a low revenue share in the overall company revenue, limiting its impact on overall performance [21] - The company is enhancing its market research and sales strategies to address external pressures, with a reported increase in product sales since Q3 2025 [3] Group 4: Investor Relations and Communication - The company maintains that it adheres to strict disclosure regulations and has no undisclosed significant information affecting its stock price [10] - The company has committed to improving its communication with investors and providing timely updates on operational performance [12] - The company’s official communications are managed internally, with some design work outsourced to enhance quality [20]

Core Viewpoint - The company has reported significant growth in exports of its PMMA and ultra-fine fiber products, with optical-grade PMMA exports exceeding 10 million USD in the first half of the year [1] Group 1: Product Performance - The company's PMMA products are all optical-grade, which has contributed to their competitive edge in the market [1] - Export sales of PMMA products have seen substantial growth due to the company's products meeting international quality standards [1] Group 2: Market Dynamics - The company has established a good reputation among foreign clients, which has positively impacted sales [1] - The closure of PMMA factories by some foreign enterprises has also benefited the company's domestic and international sales [1]