RUIFENG CHEM(SZ:300243)2022-12-06 08:18Group 1: Company Background and Market Context - The company faces growth pressure in its original business due to a sluggish macroeconomic environment and intense competition in the industry, making significant breakthroughs in revenue and profit challenging [1][2] - The synthetic materials industry has experienced rapid development supported by government policies, with high polymer synthetic materials being essential across various sectors such as industry, agriculture, and transportation [2] Group 2: Strategic Acquisition and Product Advantages - The company chose to acquire Heshili primarily for its products, particularly TPEE and PBAT, which have broken foreign technology monopolies and present vast market opportunities [2][3] - TPEE is widely used in critical automotive components and medical devices, while PBAT is significant for packaging materials, addressing environmental concerns related to plastic waste [3] Group 3: Technological Development and Competitive Edge - Heshili has developed core technologies for TPEE and PBAT, becoming one of the few domestic companies capable of mass production, achieving quality standards at an international level [3] - The company has implemented measures to prevent the loss of core technical personnel and safeguard proprietary technologies through confidentiality agreements and performance compensation mechanisms [4][5] Group 4: Future Development Strategy - The company's future strategy focuses on expanding its material industry through a combination of organic growth and external expansion, aiming to reduce reliance on imports and enhance domestic production capabilities [3] Group 5: Impact of the Acquisition - Post-acquisition, the company's controlling shareholder and actual controller will remain unchanged, but the shareholding ratio will increase, contributing to stability [5] - The acquisition is expected to enhance total assets, net assets, revenue, net profit, and basic earnings per share, thereby improving the company's risk resistance capabilities [5]