Group 1: Company Overview - Beijing Wanbangda Environmental Technology Co., Ltd. was established in 1998, initially focusing on industrial wastewater treatment in the petrochemical sector [1] - The company has transitioned into the chemical new materials field through investments in Huizhou Yisike, leveraging its Guangdong Yisike (Jieyang) base for high-end new material development [1][2] Group 2: Product Development and Competitive Advantages - The new TPE synthetic leather products feature innovative molecular structure design, offering various properties such as skin-friendly, environmentally friendly, wear-resistant, and flame-retardant characteristics [2] - The Jieyang project will produce key products including isoprene, pentadiene, and SBS/SEBS/SIS/SEPS, which will be used in adhesives, rubber, and other applications [3] Group 3: Project Progress and Production Capacity - The Jieyang project is set to begin construction in 2024 and aims for trial production in 2025, with three production units planned: a 250,000 tons/year carbon five separation unit and two 30,000 tons/year SBS/SEBS/SIS/SEPS units [2] - The carbon five separation unit has already entered trial production, while other units are in the commissioning phase [2] Group 4: Research and Development - The company has built a research team of over a hundred members, combining experienced experts and project leaders with younger developers [4] - Approximately 60% of current research projects focus on cutting-edge new materials [5] Group 5: Sales Strategy - The sales strategy for new products targets large clients and relies on distributors, gradually building a sales network through key partnerships [5]