LETS(002398)2025-02-20 08:38Group 1: Company Advantages in the Concrete Admixture Industry - The company is a leading enterprise in China's concrete admixture industry, possessing strong brand recognition and loyalty, which enhances its bargaining power and attracts more customers [2] - The company has multiple production bases nationwide, allowing for better market coverage and rapid response to market demands, thereby increasing market share [2][3] - Scale production reduces costs and improves efficiency, contributing to competitive pricing [2] - The company has a dedicated research institution backed by a strong innovation foundation, enhancing product development capabilities [2] - Advanced R&D capabilities and an excellent technical service team enable the company to continuously launch high-performance and environmentally friendly products, improving market competitiveness and reducing production costs [3] Group 2: National Layout Strategy - The nationwide layout of production bases allows for better market coverage and quick response to customer needs, which enhances market share [3] - Proximity to customers reduces transportation costs and enables tailored solutions to meet specific client requirements [3] - Familiarity with local materials allows for efficient design and formulation based on regional material properties, ensuring customer satisfaction [3] Group 3: New Energy Vehicle Testing Business - The company has obtained authorized laboratory qualifications from two automotive manufacturers, providing testing, data, and reporting services to their suppliers, which has led to new business growth [3] - The company is actively seeking partnerships with more new energy vehicle manufacturers to expand its authorized laboratory qualifications and services [3] Group 4: International Market Expansion - The company is accelerating its internationalization strategy in the concrete admixture new materials sector, achieving significant results in multiple countries [3] - In 2023, the company successfully completed the construction and operation of a concrete admixture industrial base in Laos, serving as a hub for expanding into Southeast Asian markets like Thailand and Vietnam [3] - The company leverages its technological innovation and service experience to explore new cooperation models and steadily expand its overseas market presence [3]