SINO-HIGH(SZ:301076)2024-11-21 14:34Group 1: Market Competition and Industry Landscape - PEEK is expected to trigger market competition, with a stable industry structure and limited suppliers for DFBP, primarily concentrated in China and a few overseas manufacturers [2] - The competition among different companies will benefit the expansion of downstream niche markets, with the company planning to enhance customer development efforts to absorb new production capacity [2] Group 2: Product Insights and Market Potential - The company's light initiators have a significantly higher gross margin compared to competitors, attributed to both product variety and cost advantages [3] - HAP products are increasingly used in high-end cosmetics, with a growing number of brands adopting them due to heightened consumer awareness of safety and health [3] - HDO is projected to have a larger market demand than HAP, serving as a versatile cosmetic ingredient with moisturizing and antibacterial properties [3] Group 3: Production Capabilities and Strategic Outlook - The company has innovated its Friedel-Crafts reaction process, allowing for flexible production adjustments based on market demand, enhancing production efficiency [4] - Future product development will focus on optimizing the production structure of aromatic ketones while expanding into specialty engineering plastics and cosmetic raw materials [5]