DDN(SZ:002263)2022-12-07 08:56Company Overview - Zhejiang Dazhongnan Co., Ltd. has focused on the film market since its inception, undergoing three significant transformations, including the launch of BOPET film production in 2006 and entering the high-tech capacitor film sector in 2009 through the acquisition of Ningbo Wanxiang [3][4]. - The company has raised approximately ¥1.9 billion through two private placements in 2010 and 2011 to expand into new energy and materials sectors [3]. Core Competitive Advantages - The company boasts a production capacity exceeding 150,000 tons, with a diverse and high-quality product range [3]. - It has invested over ¥60 million in R&D, establishing a joint laboratory with the Chinese Academy of Sciences and Zhejiang University [3][4]. - Dazhongnan's brand recognition includes "Dazhongnan Packaging," a well-known brand in Zhejiang, and "Green Sea," a famous trademark in China [4]. Strategic Acquisitions - The acquisition of YouTang Network aligns with national policies encouraging mergers and acquisitions, enhancing the company's diversification strategy [4][5]. - YouTang Network's strengths include a strong market presence in mobile gaming and a capable management team with extensive industry experience [5]. Product Development - The company produces 60,000 tons of functional packaging films annually, with ongoing development of new products to enhance technical content and market competitiveness [6]. - It has successfully developed various specialized films, including ultra-thin CPP films and capacitor films, with production capacity reaching 12,000 tons [6][7]. Future Development Strategy - The company aims to differentiate its traditional products in a competitive market while transitioning towards high-tech sectors like new energy and materials [8]. - The strategic focus includes maintaining core business stability, leveraging new energy and materials as a growth pillar, and integrating cultural industries with the economy [8].