GOLDEN SUN(SZ:300606)2022-12-04 10:36Group 1: Company Overview - Dongguan Jintaiyang Grinding Co., Ltd. is primarily engaged in the production of sandpaper products, which are widely used in the automotive, 3C electronics, and wood furniture industries. The sales volume of sandpaper in the automotive and 3C electronics sectors is growing significantly compared to the wood furniture sector [1] - The company faces competition from high-end sandpaper manufacturers such as 3M (USA), Saint-Gobain (France), Sankyo (Japan), and Sun Glo (South Korea) [1] Group 2: Market Potential - The demand for coated abrasives in North America is projected to be $3.2 billion, while Europe’s demand is estimated at $4.3 billion, translating to nearly 40 billion RMB in total demand from these two major markets. Demand in Southeast Asia and the Middle East is also increasing year by year, presenting significant growth opportunities for the industry [2] Group 3: Subsidiary Operations - The company’s subsidiary was officially established at the end of November 2017 and has completed necessary registrations. It is currently transitioning operational assets and is expected to begin operations soon [2] - The subsidiary focuses on the research and sales of communication structural components, including mobile phone backplates and frames, and aims to provide integrated grinding and polishing solutions, addressing environmental concerns associated with traditional grinding methods [2]