Miracll(SZ:300848)2023-12-15 04:31Group 1: Project Progress and Investment - The construction and installation of the main equipment for the Henan project are nearly complete, with ongoing work on process piping, expected to be completed by the end of Q1 next year [2] - Approximately 860 million yuan has been invested in the project so far, including both self-funding and bank loans [2] - The total investment for the first phase of the project is 1.5 billion yuan, with a significant portion of equipment payments made in stages based on progress [3] Group 2: Cost Advantages and Product Certification - The Henan project utilizes advanced technology, resulting in lower investment costs and a competitive edge in production [3] - Product certification for HDI will commence after production begins, with varying validation periods depending on the application, ranging from over 6 months for high-end automotive paints to shorter periods for industrial and wood coatings [3] Group 3: Market Development and Competition - A dedicated sales team has been established to target the special isocyanate and amine markets, with positive feedback from potential customers encountered at industry exhibitions [3] - The Henan project will feature the world's largest single production capacity for HDI, enhancing market supply stability and enabling competitive pricing through economies of scale [3] - The company's vision is to become a leading global supplier of new materials, integrating upstream monomers with downstream new materials to meet end-user demands [4]