Core Viewpoint - The company is enhancing its production efficiency and competitiveness through the development of two major petrochemical projects, which will lead to a more integrated and cost-effective production process [2] Group 1: Project Development - The company is accelerating the construction of a 150,000-ton PP modification integrated project in Ningbo and a 200,000-ton ABS modification integrated project in Liaoning [2] - Once fully operational, these projects will enable a "pipeline direct supply" production connection, further reducing overall costs and improving product competitiveness and industry chain synergy [2] Group 2: Raw Material Supply Strategy - The company is implementing a diversified and long-term procurement strategy for propane, sourcing from multiple locations [2] - Leveraging its own terminal advantages, the company is actively exploring large-scale centralized procurement models in collaboration with industry partners to penetrate intermediaries and enhance bargaining power [2] - Through global sourcing adjustments, the company is gradually improving its ability to respond to potential trade risks, ensuring the safety and stability of raw material supply [2]