Core Viewpoint - The company, Doushan New Materials, has reported losses starting in 2023 due to multiple factors including intensified competition, fluctuating product prices, and a challenging global economic environment [1] Group 1: Factors Contributing to Losses - The losses are primarily attributed to industry capacity release, increased competition, changes in supply and demand, and export trade policies leading to significant price fluctuations [1] - New project launches have resulted in increased fixed amortization costs, further impacting profitability [1] - A weak global economic recovery and domestic economic pressures have contributed to reduced market confidence and intensified competition in the polyester film industry, which is currently in a deep adjustment phase characterized by oversupply, declining prices, and widening losses [1] Group 2: Market Demand Challenges - Market demand has weakened due to global economic slowdown, lack of consumer confidence, suppressed end-user demand, and continuous capacity release within the industry [1] - Product prices have significantly declined, reaching a five-year low, affecting even high-performance differentiated products, making it difficult for the company to improve profitability in the short term [1] Group 3: Measures to Improve Performance - The company plans to consolidate its existing market share while closely monitoring industry demand changes and increasing investment in new product development [1] - Efforts will be made to enhance cost control capabilities and implement various measures to reduce costs and increase efficiency [1] - The company aims to strengthen both domestic and international market development while advancing key project capacity construction to improve operational efficiency [1]