KDXC(002669)2023-05-23 09:08Group 1: Company Overview and Market Position - The company holds approximately 60% market share in the wind blade structural adhesive sector [3] - The company has been actively upgrading and developing its wind power blade structural adhesives to meet diverse customer needs [1] - The company has entered the Siemens-Gamesa supply chain since the end of 2020, facilitating stable bulk supply of its wind power structural adhesive products [3] Group 2: Financial Performance and Challenges - The first quarter of the year is typically a business off-season, leading to a decline in orders for certain subsidiaries [3] - The adhesive new materials segment showed stable operation with a gradual recovery in gross profit during the first quarter [3] - Losses were reported in subsidiaries related to military electronics and electronic information materials due to decreased order volumes compared to the previous year [3] Group 3: Strategic Developments and Future Plans - The company is focused on integrating military electronic technology and market resources to enhance its industry chain [3] - Ongoing projects in Fujian and Tangshan are progressing, with the Fujian project entering equipment installation and debugging phase, aiming for trial production in Q3 [4] - The company is researching butyl sealing materials for photovoltaic applications, aiming to achieve import substitution levels [4]