Core Viewpoint - The transformation of the coal industry into a high-end textile industry in Pingdingshan has led to the establishment of a trillion-level industrial chain, with the China Nylon City achieving a significant revenue increase of over 40% during the 14th Five-Year Plan period, reaching 94.6 billion yuan in 2024 [4]. Group 1: Industry Transformation - The China Nylon City has evolved from a single raw material production model to a comprehensive industrial layout, showcasing the successful transformation of the local economy [4]. - The nylon industry in Pingdingshan is supported by a robust compliance framework, which is essential for maintaining the vitality of the trillion-level industrial chain [4]. Group 2: Corporate Developments - China Pingmei Shenma Group Nylon Technology Co., Ltd. has successfully launched a new salt production process for nylon 66, marking a significant milestone in optimizing the nylon 66 industrial chain [5]. - The company is focused on upstream production of key raw materials such as adipic acid and caprolactam, which are essential for nylon products [5]. Group 3: Compliance and Governance - Compliance is viewed as the lifeblood of the industry, with companies emphasizing the importance of "compliance management and honest taxation" as part of their corporate responsibility [6]. - A culture of compliance is being fostered within companies, with regular training and case-sharing sessions to enhance the team's awareness and sensitivity to risks [6]. Group 4: Tax and Policy Support - The Pingdingshan tax authority has established a collaborative ecosystem with the nylon industry, creating a governance system that integrates policy guidance, service, and regulation [7]. - In the first nine months of the year, the tax department facilitated tax refunds for 15 companies in the nylon industry, amounting to 740 million yuan, which has provided liquidity support for technological upgrades and production expansion [8]. Group 5: Innovation and Future Outlook - The successful development of ultra-high-strength nylon 66 industrial yarn is expected to reduce China's reliance on imports for aviation tire materials from 98% to below 50% by the end of 2025 [10]. - The tax incentives for research and development have significantly supported the company's technological advancements, with tax savings of nearly 300 million yuan over the past three years [10]. Group 6: Policy Implementation - The tax authority has implemented a "Nylon Industry Tax and Fee Incentive Policy Package" to ensure that various tax benefits are accurately communicated and accessible to all relevant companies [11]. - Compliance is integrated into the decision-making process of companies, reflecting a commitment to sustainable growth and competitive advantage [11].

Core Viewpoint - The company has successfully developed a production technology for 11 dtex ultra-high-strength nylon 66 industrial yarn, which is now applied in aviation tires for important domestic aircraft models, addressing a long-standing reliance on foreign technology in this sector [1][2]. Group 1: Technological Advancements - The aviation tire, crucial for aircraft safety, must withstand extreme loads, impacts, and speed variations during takeoff and landing [1]. - The company, in collaboration with top domestic universities and research institutions, initiated a key national R&D project in March 2024 to overcome technological bottlenecks in aviation tire materials [1]. - The project team achieved a breakthrough in October 2024 with the development of 10.8 dtex high-strength yarn, followed by the successful development of 11 dtex ultra-high-strength industrial yarn in August 2024, meeting international advanced standards [1]. Group 2: Industry Impact - The company possesses full intellectual property rights across the entire industrial chain, from key raw materials to ultra-high-strength finished products, ensuring 100% domestic supply capability for nylon 66 industrial yarn used in aviation tires [2]. - The focus is now on developing even higher strength nylon 66 industrial yarn to promote technological upgrades in the tire manufacturing and aviation equipment industries in China [2].

Core Viewpoint - The company has successfully developed a high-strength nylon 66 industrial yarn, marking a significant technological breakthrough in the aviation tire industry and enhancing China's position in the global supply chain [1] Group 1: Technological Development - The company announced the successful development of an 11-gram ultra-high-strength nylon 66 industrial yarn [1] - The project passed the mid-term acceptance by the Ministry of Industry and Information Technology in mid-July [1] - This technology has been successfully applied to important models of aviation tires in domestic special fields [1] Group 2: Market Impact - The breakthrough fills a domestic gap and disrupts the long-standing monopoly of international giants on aviation tire framework materials [1] - The company expects to achieve mass production capability by the end of this year [1] - This development provides strategic support for the safety of China's aviation industry supply chain [1]