JOINTAS(SZ:002909)2022-11-17 14:20Group 1: Investment and Market Strategy - The company chose to invest in Anqing due to its strategic advantages as a new materials industrial base, benefiting from favorable policies and a solid chemical foundation [2] - In 2021, the company's revenue reached 1.676 billion CNY, with East China contributing 700 million CNY (41.75%) and Central China 128 million CNY (7.67%), together accounting for nearly 50% of total revenue [2] - The East China region saw a year-on-year revenue growth of 45.32%, while Central China experienced a growth of 25.88% [2] Group 2: New Material Industrial Base Development - The new materials industrial base in Anqing will cover approximately 1,000 acres, with the first phase planned for 400 acres, expected to begin trial production by May 2024 [3] - The second phase will cover 300 acres, with trial production anticipated by December 2025, and the remaining land to be developed by December 2028 [3] Group 3: Production Capacity and Product Development - The company's electronic glue design capacity is 51,800 tons, with a low utilization rate of 12.78% in 2021, indicating room for growth as production ramps up [3] - A new project for producing 80,000 tons of neutral silicone sealant and 30,000 tons of modified silicone sealant is under construction, expected to be operational by December 31, 2022 [3] Group 4: Market Trends and Future Outlook - The construction industry consumes approximately 60% of all silicone sealants, with potential for growth as silicone products replace traditional materials [4] - The company has established partnerships with major glass manufacturers and is expanding its product offerings in various construction sectors, including public projects and housing [4] Group 5: Container Manufacturing Growth - In 2021, the company achieved revenue of 442 million CNY in the container manufacturing sector, a year-on-year increase of 132.42% [5] - Despite a projected slowdown in global container trade growth from 6.4% in 2021 to 3.6% in 2022, the market is expected to remain tight, maintaining high profitability levels [5]