Brother Enterprises (SZ:002562)2022-12-07 08:31Group 1: Market Overview - The global vitamin market is experiencing stable demand with an annual growth rate of approximately 3% to 5% [2] - Vitamins are widely used in various fields, including feed additives, food additives, pharmaceutical raw materials, and cosmetics [2] Group 2: Company Performance - In the first half of the year, the price of Vitamin B3 increased by about 20%, and the company expects its "annual production of 5,000 tons of Vitamin B3 project" to operate at full capacity this year [2] - The non-public offering fundraising project for "annual production of 13,000 tons of Vitamin B3 and 20,000 tons of cyano-pyridine" will effectively address limitations such as small production scale and incomplete industrial chain, thereby reducing costs and enhancing customer satisfaction [2] - The company has a production capacity of 3,000 tons/year for Vitamin K3, with a price increase of approximately 35% in the first quarter [2] - The recent price increase for Vitamin B1 products is about 10%, with a stable competitive landscape [2] Group 3: Project Development - The choice of Jiangxi for project location is due to its status as a national-level chemical park with excellent deep-water coastline and convenient transportation [2] - The company has officially launched project construction in the second quarter of this year, with the first phase including Vitamin B3, Vitamin B5, and cogeneration projects, expected to complete construction and enter trial production by the first quarter of 2016 [2]