RUIFENG CHEM(SZ:300243)2022-12-07 09:38Group 1: Company Performance - The company achieved revenue and profit growth in 2014 despite a challenging economic environment [1] - The first quarter of 2015 saw significant performance improvement, attributed to product innovation and cost advantages from low raw material prices [2] Group 2: MBS Product Insights - MBS product is used in consumer applications like packaging materials and has a high technical barrier, limiting competition [2] - The global market capacity for MBS is approximately 300,000 tons, with a domestic capacity of about 70,000 tons; the company currently has a production capacity of 20,000 tons, expanding to 30,000 tons [3] - The company's market share in the domestic MBS market exceeds 45%, with over 30,000 tons being imported [3] Group 3: ACR Product Overview - ACR products are in a competitive market with relatively low technical barriers, but have maintained stable development due to growth in related industries [4] Group 4: Raw Material Pricing and Risks - The price of butadiene is now comparable to international prices, eliminating previous advantages [4] - The company faces risks from anti-dumping measures on methyl methacrylate, but these impacts have been mitigated [4] Group 5: Future Growth Strategies - The company plans to combine internal growth with external expansion, focusing on shareholder interests and utilizing capital markets for financing [5] - A non-public offering is being prepared to support the development of supply chain financial services [5]