Wanshun New Material(SZ:300057)2022-12-07 08:52Group 1: Non-Public Offering of Shares - The company is currently in the process of fulfilling the relevant procedures for the non-public offering of shares as required by the China Securities Regulatory Commission (CSRC) [2] - The pricing principle for the issuance is set to be below the average stock price of the last twenty trading days prior to the issuance date but not lower than 90% of that average, or below the average stock price of the last trading day prior to the issuance date but not lower than 90% [3] Group 2: Energy-Saving Film Product Overview - The energy-saving film is a multi-layer functional polyester composite film (PET) used primarily for automotive and architectural glass, enhancing performance and strength while providing insulation, energy savings, and safety features [3] - The company operates in the midstream segment of the energy-saving film supply chain, producing products that can be directly marketed to end-users [3] Group 3: Market Development and Competitive Advantage - The domestic market for energy-saving films is primarily focused on automotive glass, with architectural applications still in the early stages; future market potential is significant due to improving regulations and energy-saving awareness [4] - The company has over ten years of experience in coating, composite, and vacuum metallization technologies, providing a competitive edge in the energy-saving film sector [4] Group 4: Aluminum Foil Business Status - The aluminum foil business is stable and improving, supported by long-term partnerships with well-known brands, which ensures product quality and supply stability [5] - In December 2014, the company acquired a 60% stake in Jiangsu Huafeng Aluminum Industry Co., Ltd., which will help reduce production costs and enhance profitability [5] Group 5: Paper Packaging Materials Business - The paper packaging materials business is facing challenges due to a slowdown in cigarette consumption growth; the company is actively expanding into other markets such as daily goods and food packaging [5] - The conductive film business has seen significant growth, with increased brand recognition following certifications from major smartphone manufacturers [6]