KDXC(SZ:002669)2026-03-16 09:45Group 1: Financial Performance - The company expects to turn a profit in 2025, driven by significant sales growth in adhesive and specialty resin products, particularly in the wind power sector, which has seen increased demand for wind turbine blade-related products [2] - The financial data and analysis will be detailed in the 2025 annual report [2] Group 2: Market Position and Product Sales - In the first three quarters of 2025, sales of wind power epoxy structural adhesives and infusion resins showed steady growth, with the company maintaining the leading market share in domestic epoxy structural adhesives for wind turbine blades [3] - The domestic market share for epoxy infusion resins remains strong, indicating a solid competitive position [3] Group 3: Response to Raw Material Price Increases - The company is actively managing upstream raw material sourcing and adjusting production schedules to ensure stable supply and optimize procurement costs [3] - Strategies include monitoring supply and demand changes in the raw materials market, utilizing long-term agreements, and negotiating with downstream customers to share cost pressures [3] Group 4: Technological Development and Strategic Direction - The company is developing electronic-grade specialty resins, specifically poly(maleic anhydride) resins, for applications in high-speed copper-clad laminates and BT substrates, with initial customer validation completed [3] - The CMP polishing liquid project is on track, with plans to deliver samples to target customers by the end of April 2026 and optimize production based on feedback [3] - The company aims to diversify its growth through investments in semiconductor materials, aligning with national industrial policy and long-term strategic planning [3]