Group 1 - Luzhou Chemical indirectly holds approximately 3.97% equity in Chengdu Tienshun Baoli New Materials Co., Ltd [2] - Chengdu Tienshun Baoli New Materials Co., Ltd. produces PPEK, which belongs to the new materials sector [2]

Core Viewpoint - Luzhou Chemical (000912) has introduced a new product, PPEK, which is a high-performance engineering plastic with superior properties compared to PEEK, making it suitable for various advanced applications [1] Group 1: Product Characteristics - PPEK technology originates from the team of academician Qian Xigao from the Chinese Academy of Engineering, making it one of the few high-temperature soluble specialty engineering plastics available [1] - The glass transition temperature of PPEK ranges from 260°C to 306°C, which is over 100°C higher than that of PEEK [1] - PPEK can dissolve in various organic solvents, allowing for diverse processing methods and lower processing costs [1] Group 2: Performance Advantages - At 250°C, the tensile strength of PPEK is twice that of PEEK, indicating significant performance advantages [1] - PPEK is positioned to outperform PEEK in applications such as specialty coatings, insulation materials, functional film materials, and prepregs for aerospace [1]

Group 1 - The company Sichuan Lutianhua Co., Ltd. indirectly holds approximately 3.97% equity in Chengdu Tianshun Baoli New Materials Co., Ltd. [1] - Chengdu Tianshun Baoli's product, PPEK, is a special engineering plastic with high-temperature resistance and solubility, with a glass transition temperature between 260℃ and 306℃, which is over 100℃ higher than PEEK [1] - PPEK exhibits twice the tensile strength of PEEK at 250℃, making it more cost-effective and performance-advantageous for applications in special coatings, insulation materials, functional film materials, and aerospace prepregs [1] Group 2 - The product from Chengdu Tianshun Baoli has only been in the market for a little over two years since its successful trial run in 2023, and it is still in the market introduction phase [1] - The product is internationally innovative but faces challenges in promotion due to strict application requirements and insufficient understanding among downstream processing companies and end customers, leading to low market recognition [1]