Operational Performance - The company's polyester chip production capacity increased by 400-500 thousand tons in 2023, with a year-on-year growth of over 30% [2] - By May 2024, an additional 190 thousand tons of production capacity had been added, with more capacity expected to be added in the second half of the year [2] - The company faces operational pressure due to a large influx of new production capacity, leading to squeezed profit margins in the bottle chip industry [2] Cost Management and Efficiency - The company is actively expanding sales channels, enhancing sales capabilities, controlling production and operational costs, and optimizing logistics costs to address industry challenges [2] - The 1.2 million tons/year MEG and 100 thousand tons/year electronic-grade DMC new materials project is under construction and expected to start trial production in Q4 2024 [2] - Upon reaching full production, the MEG project will meet the demand of the company's Chongqing subsidiary, reducing reliance on external MEG procurement [3] - The production cost per ton of MEG is expected to be lower than the average procurement price from 2019 to 2023 [3] - Transportation costs for MEG from Sichuan Dazhou to Chongqing Fuling are projected to be 50% lower compared to current suppliers from East China and Xinjiang [3] Overseas Expansion - The company is focusing on overseas capacity expansion, with plans to strengthen marketing channels in international markets [3] - A bottle-grade PET production base in Nigeria has commenced preparatory work, and research and communication with other East Asian countries are ongoing [3]
万凯新材(301216) - 万凯新材投资者关系管理信息