JOINTAS(SZ:002909)2022-11-17 14:56Product Development and Market Expansion - The company launched a new product, "Jitai-Organic Silicone Foam Adhesive F6351," on May 22, 2022, which features low density, compressibility, and excellent adhesion properties, suitable for various applications including battery protection [3]. - In 2021, the overseas market generated sales revenue of 8.3963 million yuan, a year-on-year increase of 11.06%, with products expanding to 30 countries and regions [3]. - The company has established a distribution network in countries such as Australia, New Zealand, India, Turkey, Vietnam, and Cambodia [3]. Financial Performance - In Q1 2022, the company reported revenue of 335 million yuan, a year-on-year increase of 13.57%, despite a decline in net profit due to increased R&D expenses and donations [6]. - The company’s gross profit margin is under pressure, but with the decline in raw material prices, there is potential for recovery in profit margins [6]. - The sales revenue from the container market reached 441.8136 million yuan in 2021, representing a year-on-year growth of 132.42% [5]. Production Capacity and Utilization - As of December 2021, the company’s designed production capacity for organic silicone sealants was 68,600 tons/year, with a utilization rate of 74.65% [6]. - The company is constructing a new materials industrial base in Anqing, covering 1,000 acres with an investment of no less than 2 billion yuan, aimed at producing photovoltaic adhesives, electronic adhesives, coatings, and sealants [6]. Social Responsibility and Community Engagement - By December 2021, the company had donated materials and cash totaling 6.5 million yuan, focusing on education, environmental protection, and cultural initiatives [5]. Strategic Planning and Future Outlook - The company plans to continue expanding its product categories in the home improvement sector, leveraging e-commerce platforms for direct customer engagement [4]. - Future developments will focus on the semiconductor photoresist market, which is currently dominated by a few major players, indicating high barriers to entry [4].