ZANYU TECHNOLOGY(SZ:002637)2022-12-06 01:44Group 1: Company Operations and Market Impact - The fluctuation in raw material prices, such as palm oil, can affect company performance, with price increases generally being more favorable than decreases, depending on specific conditions like the magnitude and duration of price changes [2][3] - The inventory cycle for raw materials is approximately two months [2] - The company aims to extend its industrial chain upstream, diversify product types, optimize product structure, and enhance production capacity [3] Group 2: Strategic Investments and Acquisitions - The investment direction for the company's industrial merger and acquisition fund focuses on high-quality targets in fields such as surfactants, daily chemicals, oil chemistry, testing, and consumption upgrades [2] - The acquisitions of Nantong Keita and Indonesia Dukuda are intended to leverage location advantages and reduce raw material procurement and manufacturing costs [3] - The company has an oil chemical production capacity of 800,000 tons, accounting for over one-third of the domestic usable capacity, with Dukuda and Keita having capacities of 450,000 tons and 250,000 tons, respectively [3] Group 3: Future Development and Strategic Planning - The company plans to integrate resources from Hangyouhua, Keita, and Dukuda to rationally arrange product varieties and market areas, adjusting product structure accordingly [3] - The future strategic development will focus on three main businesses: surfactants, oil chemicals, and testing, aiming for resource integration through mergers and acquisitions to promote healthy industry development and eliminate chaotic competition [3] - Increased investment in research and development is planned to maintain leading advantages in technology, quality, cost, and scale for existing main products, laying a solid foundation for entering international markets [3]