DOUBLE ARROW(SZ:002381)2022-12-03 08:56Group 1: Product Information - The calculation of the area of conveyor belt products is based on width and layers, not just natural square meters [2] - The company classifies rubber conveyor belts by skeleton material, functional characteristics, and shape [3] - The new annual production capacity of 10 million square meters for steel wire core conveyor belts is expected to be partially operational in the second half of 2019 [3] Group 2: Market Demand and Competition - There is a significant market demand for long-distance and complex terrain conveyor belts, which primarily use steel wire core technology [4] - The company's competitive advantage lies in the long service life of its products, which some competitors cannot produce [4] - Major competitors include Michelin and Bridgestone internationally, and Kordsa domestically [5] Group 3: Business Operations - The company primarily signs orders on a case-by-case basis, with some annual contracts [5] - Main raw materials include skeleton materials (steel wire, canvas, aramid), natural rubber, synthetic rubber, carbon black, and other chemicals [5] - The company has not considered participating in rubber futures hedging [5] Group 4: Elderly Care Initiatives - The company has established its first nursing home with approximately 900 beds and plans to increase capacity by 180 beds through collaboration with local welfare centers [6] - The company is exploring a model that combines medical care and elderly services, learning from Japanese operational models [6]