Comens Materials(SZ:300200)2022-12-08 01:28Group 1: Company Overview - The company primarily operates in four major sectors: flexible packaging, transportation, new energy, and construction/energy-saving, with flexible packaging accounting for 80%-90% of sales revenue [3][4] - The company is a leading player in the adhesive market for flexible packaging, with significant growth potential in the industry [3][5] Group 2: Sector Performance - Revenue from high-speed rail adhesives has seen a significant decline due to reduced infrastructure projects, but the company plans to increase investment in this area [4] - In the new energy sector, the company focuses on solar backsheet products, which are currently being promoted in the market [4] - The construction and energy-saving sector has just started, with products like green building insulation adhesives and artificial turf adhesives, which have considerable market potential due to national sports development initiatives [4] Group 3: Market Dynamics - The adhesive market is large and growing, with no single product capable of fully replacing adhesives, indicating strong demand [5] - The industry is expected to consolidate as smaller, non-compliant companies are phased out, leading to higher market concentration [5] Group 4: Future Outlook - The company anticipates sufficient production capacity in the next two to three years to meet market demands, supported by ongoing projects [6] - Strategic cooperation with Amcor began on July 1, 2015, with ongoing product testing and integration efforts [5]