JINJIA(SZ:002191)2024-04-30 01:35Group 1: Business Development and Market Position - The company has initiated a composite aluminum foil project with an expected annual production capacity of 1,000 million square meters, aimed at enhancing its market presence in new materials [1] - The composite copper foil project is under construction, targeting an annual production capacity of 500 million square meters, with plans for future technological upgrades [2] - The company has established a production cluster for new packaging materials, enhancing its market position in the packaging industry [2] Group 2: Research and Development Initiatives - The company is actively developing optical materials, green materials, and low-cost transparent paper, aiming to strengthen its technological capabilities and core competitiveness [3] - Research efforts are focused on environmentally friendly packaging materials, including laser paper and biodegradable films, to meet sustainability goals [3] Group 3: New Tobacco Products and Market Strategy - The company is expanding into the new tobacco sector, providing ODM/OEM services for electronic cigarettes and related materials, with a commitment to continuous product innovation [4] - In response to declining revenues from traditional tobacco products, the company plans to adjust its product structure and market strategies to stabilize performance and protect investor interests [4] Group 4: Operational Adjustments and Cost Management - The company is enhancing collaboration with raw material suppliers and optimizing internal management to mitigate the impact of raw material price fluctuations on profit margins [3] - A reduction in R&D personnel is noted, attributed to organizational restructuring aimed at improving efficiency while maintaining a focus on innovation [3]