Miracll(300848)2025-04-24 12:00Group 1: Financial Performance - The company's Q1 2025 revenue remained stable compared to the same period last year, while net profit saw significant growth due to optimized sales structure of polyurethane new materials, with a higher proportion of specialty products contributing to revenue [2] - The gross margin of specialty products is higher than that of general products, benefiting from structural optimization in the supply chain that reduced raw material procurement costs [2] - The Q2 performance is expected to be influenced by market demand, raw material prices, and company operations, with specific details to be disclosed in the semi-annual report [3] Group 2: Product Development and Applications - The PPDI product, known for its excellent physical and mechanical properties, is primarily used in high-end elastomer materials for military aerospace, high-end automotive shock absorbers, and oil drilling equipment seals [4] - The company is focusing on traditional industries such as coatings and automotive paints for HDI-related products, while also exploring new applications in polyurethane new materials [5] - The company has 8,000 tons of production capacity for foamed TPU, with plans to increase capacity by an additional 10,000 tons by the end of 2025 through ongoing projects [6] Group 3: Future Strategy - The company aims to leverage the synergy between upstream and downstream industries to promote the development of functional chemical raw materials and polyurethane new materials [7] - There is a plan to accelerate the industrialization of successfully developed specialty isocyanate-based polyurethane new materials and enhance market promotion efforts [8]