ZHENGGUANG(SZ:301092)2025-05-14 09:44Group 1: Company Overview and Market Position - The company has achieved import substitution in high-end industrial water treatment, food and drinking water, and nuclear industries, gradually replacing international brands like Dow Chemical in various applications [2][3] - The company has developed a complete independent intellectual property system and industrialization capability for ion exchange and adsorption resin products, expanding from general industrial water to high-end applications [6][7] Group 2: Growth in Pharmaceutical Sector - The rapid growth in the pharmaceutical sector is attributed to the increasing demand for biopharmaceuticals, which rely on various separation and purification processes, enhancing the application prospects for ion exchange and adsorption resins [4] Group 3: Technological Advancements and Product Development - The company has decades of experience in electronic-grade ultrapure water applications, with plans to enhance production capacity for electronic-grade resins to meet the rising quality standards in the semiconductor industry [5] - In 2024, the company invested CNY 29.7981 million in R&D, accounting for 5.21% of its revenue, adopting a "self-research + cooperative development" model to accelerate product development cycles [7]