Cangzhou Mingzhu(SZ:002108)2022-12-06 07:32Group 1: Product Overview - The company's PE pipeline products are primarily used for gas and water supply, serving as essential infrastructure [2] - Gas pipelines account for a significant portion of the company's pipeline products [3] Group 2: Production Capacity and Sales - The designed production capacity for dry-process membranes is 100 million square meters, while wet-process membranes have a capacity of 190 million square meters [3] - In 2019, the sales volume for dry-process membranes was approximately 49.9 million square meters, and for wet-process membranes, it was about 75.6 million square meters [3] Group 3: BOPA Film Production - The designed production capacity for BOPA film is 28,500 tons, with actual annual sales volume ranging from 33,000 to 34,000 tons [3] - Different processes for BOPA film target distinct customer segments, with synchronous BOPA film aimed at mid-to-high-end customers and two-step BOPA film for mid-to-low-end customers [4] Group 4: Impact of External Factors - The company’s raw material inventory is maintained to meet normal production needs, with product prices fluctuating based on raw material costs [4] - The first quarter of 2020 saw a decline in product production and sales compared to the same period last year due to the impact of the pandemic [4] - The overall impact of the pandemic on the company's 2020 performance remains uncertain, prompting the company to closely monitor developments and actively expand the market [4] Group 5: Future Plans - Currently, the company has no plans for capacity expansion but aims to solidify existing products and explore new applications, such as oil pipeline RTP pipes and specialized BOPA films for lithium-ion batteries [5]