Group 1: Competitive Advantages - The company's core competitiveness is a combination of technology development, equipment processes, and ecological environmental protection, which is unique and difficult to replicate [1] - The company is recognized as a "National Key High-tech Enterprise" and has multiple core technologies and patents, enabling rapid customization of products based on customer needs [2] - The company has established long-term partnerships with well-known domestic and international brands, enhancing its customer base and brand reputation [2] Group 2: Production Capacity and Cost Advantages - The company operates 40 production lines, with recent upgrades to improve production efficiency and product quality, while increasing the proportion of water-based and solvent-free production [2] - Stable relationships with upstream raw material suppliers ensure consistent supply and cost control [2] Group 3: Environmental and Sustainability Initiatives - The company adheres to an "environmental first, green development" philosophy, actively developing low-carbon and eco-friendly technologies [2] - Recognized as a "National Green Factory" and has passed international environmental certifications for six consecutive years [2] Group 4: Revenue Breakdown and Profitability - As of May 2025, functional shoe materials and sofa home products account for approximately 70% of total revenue, while other categories make up about 30% [3] - The company employs a made-to-order business model, resulting in varying profit margins across different products, with electronic products and automotive interior materials generally having higher margins [3] Group 5: Growth Prospects - The functional shoe material category is expected to grow significantly in 2025, bolstered by partnerships with major brands like Nike and Adidas [4] - The company is the only qualified supplier of polyurethane synthetic leather for Nike in mainland China, with significant growth potential in this partnership [5] - The company is expanding its production capacity in Vietnam, targeting international sports brands and domestic sofa brands, indicating a broad market opportunity [6]