HANGZHOU TOKA(SH:688571)2024-06-20 10:17Group 1: Industry Overview - The company operates in the "New Materials Industry" category, specifically focusing on "Advanced Petrochemical New Materials" and "New Functional Coating Materials" as per the National Development and Reform Commission's guidelines [1] - The production of eco-friendly inks such as water-based inks, energy-curable inks, and plant oil inks is encouraged and classified under the "First Category - Light Industry" [1] - The market for eco-friendly inks is expanding due to increasing environmental awareness and the rapid development of the national economy [1] Group 2: Product Development and Market Trends - Green printing inks with low VOCs, high bio-based content, and water-based formulations are becoming mainstream in the packaging industry [2] - UV inks are noted for their rapid curing and zero VOC emissions, making them one of the fastest-growing eco-friendly ink types in the market [2] - The company is focusing on special functional coating materials for applications in new energy, anti-counterfeiting, decorative building materials, and electronic devices [3] Group 3: Project Progress and Future Plans - The company is currently advancing two fundraising projects: "Annual Production of 10,000 Tons of Liquid Ink and 8,000 Tons of Functional Materials (Phase II)" and "New Materials R&D Center," which have entered the equipment installation phase [2] - Future plans include horizontal alliances, vertical collaborations, and exploring new application extensions through mergers and acquisitions to enhance the industry chain [3] - The company has received a regulatory letter from the exchange regarding the progress of its fundraising projects, which is not a disciplinary action [2]