SOKAN(SH:688157)2022-11-19 03:08Group 1: Business Developments - The company is making progress in the automotive coatings sector, leveraging differentiated product technology to penetrate the passenger vehicle market. Sales revenue in this sector reached 11.43 million yuan in Q1, a year-on-year increase of 331.93% [3] - The company has established partnerships with key clients such as North American T Company, NIO, BYD, and Toyota, enhancing its market presence [3] Group 2: Financial Performance - The company's gross margin decreased by approximately 3% in 2021 due to rising raw material prices, but is expected to slightly recover in 2022 [3] - The company is actively expanding both domestic and international markets to create value for end customers, while also focusing on internal management to reduce costs [3] Group 3: Product Strategy - The company has a strong focus on water-based coatings, which accounted for a significant portion of sales. In 2021, revenue from water-based eco-friendly coatings grew by 59.93% [4] - The company is committed to developing innovative projects in areas such as new energy power batteries and flat wire motors, which are expected to drive future growth [3] Group 4: Strategic Planning - The company plans to establish a research and marketing center in Shanghai to enhance its R&D capabilities and attract high-level talent [4] - Future strategic initiatives include deepening innovation platform construction and expanding into high-value sectors such as rail transportation and aerospace [4]