HXPP(SZ:002228)2022-12-07 09:36Group 1: Industry Overview - The domestic paper packaging industry has a low concentration due to its short development history, with industrialization beginning in 1995 [1] - The company became the first listed enterprise in the industry in 1996, rapidly expanding its national layout despite challenges in profitability and long capital recovery cycles [1] Group 2: Company Performance - The current capacity utilization rate of the company is approximately 70% [2] - The pricing of the company's products is generally comparable to competitors, with occasional slight increases [2] - The pricing model considers both internal cost factors and market competition [2] Group 3: Client Relationships - Large clients typically have 2-4 suppliers, with some unique cases of exclusive suppliers [2] - The company employs around 200-300 staff in a standard factory [2] Group 4: Future Plans - The company is currently in the review phase by the China Securities Regulatory Commission for a potential directed issuance at the end of the year [2]