HANGZHOU TOKA(SH:688571)2023-10-31 10:31Group 1: Company Performance - The company experienced a significant increase in overall production and sales scale in Q3 2023 compared to Q2, driven by improved domestic demand and a recovery in the macro economy [2] - The overall gross profit margin has notably increased due to a decline in raw material costs and profits from newly acquired subsidiaries [2] - The company aims to achieve double growth in core operating results for 2023, leveraging market strategies and brand advantages [3] Group 2: Investment Projects - The company has initiated construction on two fundraising projects: "Annual production of 10,000 tons of liquid ink and 8,000 tons of functional materials (Phase II)" and "New Materials R&D Center," with approvals obtained in 2023 [2] - A new project for "Annual production of 35,000 tons of green printing new materials" is in the process of registering a wholly-owned subsidiary [2] Group 3: Market Trends and Sales - The company does not observe significant seasonal sales variations in the ink industry, although sales in the first half of the year are typically lower due to holiday impacts [2] - The second half of the year is traditionally a peak demand season for the printing industry, leading to higher overall sales revenue [2] Group 4: Research and Development - The company is actively engaged in external technical exchanges and collaborations, focusing on UV curing technology and functional resin materials [3] - Ongoing projects include the development of new environmentally friendly ink and collaboration with leading companies in the new energy battery industry [3][4] Group 5: Shareholder Engagement - The company emphasizes continuous dividends and shareholder returns, with plans for potential share purchases by major shareholders and executives in the future [4]