ZANYU TECHNOLOGY(SZ:002637)2023-02-27 10:24Group 1: Company Performance and Challenges - The main factors for the expected loss in 2022 include significant inventory losses due to extreme raw material price drops, compounded by the pandemic, export restrictions from Indonesia, and fluctuating tax policies [1] - The overall performance was also affected by logistics, changes in the competitive sales environment, interest rate hikes by the Federal Reserve, the Russia-Ukraine conflict, and fluctuations in the RMB exchange rate, leading to a decline in gross margin [1] - Year-end asset impairment and inventory impairment provisions further impacted the company's financial results [1] Group 2: Investment and Production Capacity - The company is investing in a project in Malaysia, specifically the POIC Industrial Park, with an annual production capacity of 550,000 tons of oil and fat chemicals [1] - Current production capacity includes over 1.1 million tons of sulfonated surfactants and over 1 million tons of oil and fat chemicals [2] - The company has established an OEM production line in Zhenjiang, Jiangsu, with an annual capacity of 100,000 tons for liquid detergents, and plans to build additional OEM projects in Hebi, Henan, and Meishan, Sichuan, with a total planned capacity of 1.5 million tons [2] Group 3: Market Demand and Strategic Planning - There is a growing market demand for stable, large-scale, and technologically advanced OEM factories to replace smaller, scattered processing plants [2] - The company aims to complement downstream clients by establishing OEM processing capabilities, addressing challenges faced by individual brand owners in achieving scale and operational efficiency [2] - The OPO project, aimed at producing an additive for infant formula, is currently in the factory inspection stage, with domestic demand estimated at 50,000 tons and global demand at 100,000 tons [2]