Group 1: Market Position and Competition - The top ten global hygiene product manufacturers hold a significant market share, making entry into this segment challenging due to high technical requirements and long customer certification cycles [1] - The company possesses comprehensive competitive advantages in technology, service, and cost, supported by a diverse global team with over ten years of industry experience [1] - The company has established a robust global supply chain system, enhancing its market supply capabilities and ability to respond to international trade barriers [1] Group 2: Research and Development - The company has built a complete hot melt adhesive supply chain, with over 60% of raw material supply sourced globally, allowing for structural advantages in raw material supply and new product development [2] - Continuous enhancement of R&D and technological innovation capabilities has led to successful integration of domestic raw materials into product formulations, maintaining performance and cost advantages [2] Group 3: International Expansion - The overseas market for hygiene hot melt adhesives represents a significant portion of the global market, necessitating local production bases for further market expansion [4] - The company’s overseas factories in Poland and Malaysia serve as strategic investments and enhance brand image, competitiveness, and customer retention in international markets [4][5] Group 4: Impact of Trade Policies - The company’s current sales in the North American market are minimal, making the impact of U.S. tariff policies limited; however, it is strategically planning to expand in this region [6] - The company is closely monitoring international trade policy changes to adapt its strategies accordingly [6] Group 5: Material Costs and Market Trends - Raw material prices are subject to supply and demand dynamics, with potential short-term fluctuations; however, a downward trend was observed in early 2025 [7] - International shipping costs have also seen a decline, but recent spikes due to market conditions indicate potential risks for future price increases [7] Group 6: Regulatory Environment - The new hygiene requirements for disposable sanitary products provide a framework for manufacturers to enhance product standards, potentially accelerating the exit of non-compliant smaller firms [8] - The company is already a qualified supplier for major global hygiene brands, which positions it favorably for future growth as industry concentration increases [8] Group 7: Future Growth Strategies - The company aims to strengthen its market presence, particularly in overseas markets, while exploring opportunities in other application areas to create a second growth curve [8]
聚胶股份(301283) - 2025年7月3日投资者关系活动记录表