NKY(300109)2022-10-25 11:32BDO and PVP Industry - BDO price fluctuated significantly over the past year, peaking at 31,000 RMB/ton and currently stabilizing at 14,000 RMB/ton [2] - The company is constructing a 120,000-ton BDO production project to optimize its upstream and downstream product structure and enhance its industry position [2] - PVP production capacity is currently 13,000 tons, with a new 20,000-ton NVP production facility under construction, expected to be operational by Q2 2023, bringing total production capacity to at least 25,000 tons [3] - The company is building new PVPP and 203 finished product workshops, scheduled for completion in mid-November 2022 and early 2023 respectively [3] Oral Care Product (Oricid) - Oricid sales increased by over 700 tons year-over-year in Q3 2022, with annual sales expected to reach 1,200 tons [2] - The product is primarily used in oral care and mainly sold in developed countries in Europe and America [2] - The domestic market is expected to grow significantly due to increasing health awareness and improved living standards [3] Sales and Market Distribution - PVP product sales are distributed 55% domestically and 45% internationally [3] Shareholder Activity - Major shareholders remain confident in the company's future development [3] - Two controlling shareholders, Yang Haijiang and Ren Dalong, announced share reductions in September 2022 due to personal financial needs [3] - Yang Haijiang's reduction is to address historical debt issues - Ren Dalong's reduction is for personal income tax payment related to share issuance for asset acquisition