Group 1: Company Value Management - The company has implemented a "Value Management System" to maximize company value and shareholder wealth through four core initiatives: enhancing core business, improving equity and return mechanisms, strengthening compliance and information disclosure, and optimizing capital operations [3] - The company has set a minimum annual dividend ratio and plans to increase dividend frequency and amount to enhance investor confidence and stabilize market value [3] Group 2: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 4.456 billion, a year-on-year increase of 18.23%, and a net profit of CNY 131 million, up 32.96% [4] - The third quarter alone saw a revenue of CNY 1.574 billion, representing an 8.84% year-on-year growth, with a net profit of CNY 46.55 million, up 48.19% [4] Group 3: Sustainable Development Initiatives - The company is committed to sustainable practices, focusing on recycling and biodegradable materials, and has developed a complete industrial chain for biodegradable PBAT materials [5] - The "High-Value Recycling Technology Innovation Award" was received for the company's efforts in developing PCR materials, aligning with national sustainability goals [5] Group 4: Growth Drivers - The net profit growth outpaced revenue growth due to favorable macroeconomic conditions, increased consumer demand from policies like "old-for-new," and the ongoing transition of the new materials industry towards high-end, green, and intelligent solutions [6] - The company has optimized its product structure and benefited from the recovery in downstream industries, particularly in modified plastics and color masterbatch businesses [6] Group 5: Research and Development - The company has established a robust R&D framework with four national-level platforms and has made significant advancements in modified plastics and thermoplastic elastomers, breaking international monopolies [9] - Key innovations include ultra-soft artificial muscle materials and conductive TPE, which are expected to enhance the company's position in the robotics sector [11]

Core Viewpoint - Daon Co., Ltd. expects a net profit attributable to shareholders of 128 million to 138 million yuan for the first three quarters of 2025, representing a year-on-year growth of 30% to 40%, driven by policy incentives and technological breakthroughs [1] Group 1: Financial Performance - The company anticipates a significant increase in net profit due to strong growth in the new energy vehicle, home appliance, and electronics sectors, influenced by the government's consumption promotion policy [1] - Daon Co., Ltd. achieved historical high sales volume in the first three quarters of this year, supported by increased R&D and sales efforts in elastomers and modified plastics [1] Group 2: Product Development and Innovation - The company is collaborating with a well-known tire manufacturer to advance the road testing of a new thermoplastic elastomer (DVA) material for tire gas barrier layers, which has the potential to replace existing materials due to its superior gas impermeability and weight reduction capabilities [2] - Progress has been made in the humanoid robot sector, with the development of nylon and alloy materials for robotic arms, and thermoplastic elastomers are being positioned for use in robotic skin, indicating readiness for commercialization [2] Group 3: Capacity Expansion and Market Strategy - Daon Co., Ltd. is accelerating capacity expansion and industry chain integration to meet market demand and upgrade product structure, with a new materials expansion project in Longkou, Shandong, progressing smoothly [2] - The completion of projects for 100,000 tons of TPU and 60,000 tons of polyol and new high-temperature copolyester materials will significantly enhance the supply capacity in the high-end materials sector [2]