GUIBAO TECH(SZ:300019)2022-11-17 15:12Group 1: Business Performance - The company's construction sealant products achieved revenue of 1.771 billion CNY in 2021, a year-on-year increase of 63% [3] - Industrial adhesives generated sales revenue of 502.0163 million CNY in 2021, with a year-on-year growth of 66.47% [4] - The company's photovoltaic industry products saw a sales increase of 284.11% in 2021, with significant growth in the first quarter of the current year [5] Group 2: Market Position and Strategy - The company has significantly increased its market share in the construction adhesive sector, maintaining its leading position in the industry [3] - The company plans to expand its production capacity to over 200,000 tons per year, establishing the largest silicone production base in Southwest China [5] - Future plans include establishing production bases in East and South China, creating a layout of "three major bases" and "four R&D centers" to better serve the market [5] Group 3: Industry Trends and Opportunities - The construction adhesive market is benefiting from increased industry concentration, with top companies gaining market share [3] - The demand for construction sealants is rising due to government initiatives like urban renewal and the renovation of old neighborhoods [3] - New application fields such as prefabricated buildings and beauty adhesives are contributing to the growth of the construction adhesive market [3] Group 4: Raw Material and Production Capacity - The company has enhanced its internal control management to mitigate the impact of raw material price fluctuations, with a notable decrease in prices compared to the previous quarter [4] - The company currently operates six production bases and has a production capacity of 130,000 tons per year for high-end silicone materials [4] - The company is expected to complete the construction of a 100,000 tons/year high-end sealant intelligent manufacturing project, further increasing its production capacity [4]