Core Viewpoint - The company, Jinfat Technology, has reported significant growth in its specialized engineering plastics and biodegradable materials, indicating a strong competitive position and future growth potential in emerging applications [1] Group 1: Specialized Engineering Plastics - The gross margin of specialized engineering plastics (such as PEEK, PPA, LCP, PPSU) and engineering plastics (like PA, PC, POM) is higher than that of general plastics [1] - In the first three quarters of 2025, the sales volume of specialized engineering plastics reached 24,000 tons, showing significant year-on-year growth [1] Group 2: Biodegradable Materials - The biodegradable materials segment has entered a harvest period, with sales volume reaching 158,000 tons in the first three quarters of 2025, nearing full production and sales capacity, and achieving profitability [1] - The company has established a full industry chain for biodegradable materials, including bio-based monomers, polymerization, and modification, with an annual production capacity of 50,000 tons of bio-based succinic acid and 10,000 tons of bio-based BDO [1] Group 3: Future Growth and Applications - The company plans to accelerate the exploration of applications in high-end packaging and 3D printing, which have become important growth drivers for the company [1]