TIANSHENG(SZ:300169)2024-09-08 06:16Group 1: Company Overview - The company, Changzhou Tiansheng New Materials Group Co., Ltd., has a total of 624 employees as of the end of 2023 [2] - The company focuses on the research, development, production, and sales of polymer new materials [3][4] - The main business segments include soft and rigid foam materials, optical materials, and high-performance composite materials [2][3] Group 2: Market Performance - In 2023, the company's overseas sales accounted for approximately 12%, with an expected increase to about 15% in the first half of 2024 [2] - The subsidiary, Changzhou Haotian New Materials Technology Co., Ltd., saw significant revenue growth in the first half of 2024 compared to the same period last year [4][5] Group 3: Product Development and Innovation - The company emphasizes "technological innovation" and "market-oriented" strategies for development [3][4] - The company has developed products that break international monopolies and fill domestic gaps, focusing on innovation and market expansion [4] - Current product innovations mainly involve formula adjustments and process optimizations, with existing production equipment generally meeting new product requirements [5] Group 4: Industry Position and Competition - The company is recognized as a leading manufacturer in the polymer materials sector, holding independent intellectual property rights [3][4] - There are currently no fully comparable competitors in the market, as the company operates in a highly specialized segment of the new materials industry [3] Group 5: Future Opportunities - The growth of the automotive industry presents new opportunities for the company, particularly in the electric vehicle sector [3] - The company plans to actively explore new automotive market clients and expand its product applications in this field [3][4]