J-Micro(SZ:300819)2026-01-20 11:00Group 1: Company Overview - The company primarily focuses on the research, production, and sales of ultra-fine fiber products, including synthetic leather fabrics, functional fabrics, and cleanroom materials, with applications in sportswear, automotive interiors, electronic packaging, and cleanroom consumables [1]. Group 2: Research and Development - The company emphasizes its own R&D strategies and has established a research center, collaborating extensively with external universities and research institutions [2]. - Current research on driving fiber applications is ongoing with downstream enterprises, but products are still in the research phase with no mass production or revenue generated yet [1][2]. Group 3: Product Sales and Market Trends - The company has initiated very small-scale sales of solid-state battery membranes, contributing negligible revenue, as products are still under improvement and client adjustments [2]. - Revenue from consumer electronic fabrics supplied to companies within Apple's supply chain is expected to see significant growth from 2023 to 2024, with major competition from Japanese firms [2]. - The company is optimistic about the future of fiberglass and quartz electronic fabrics but currently does not produce or sell these products [2]. Group 4: Cleanroom Fabric Sales - Sales of cleanroom fabrics are primarily used in LCD display and semiconductor manufacturing, characterized by high absorbency and low dust generation, with a positive market growth trend and a number of large-scale clients already utilizing the products [2].