Miracll(SZ:300848)2023-11-11 10:04Group 1: Project Progress and Market Outlook - The Henan project is progressing smoothly and is expected to be completed in Q1 2024 [2] - The company has conducted market research and engaged with potential customers, receiving positive feedback regarding the special isocyanate products [2][3] - The company aims to leverage the industrialization of special isocyanates to reduce costs and promote the growth of new polyurethane materials [3] Group 2: Product Validation and Transportation - The product validation cycle varies by application; high-end automotive paints typically require over 6 months, while industrial and wood coatings have shorter cycles [3] - HDI can be stored in sealed barrels at room temperature for several months, allowing for a large transportation radius and potential for export [3] Group 3: Competitive Advantage and Market Strategy - The Henan project's first phase will establish the largest single production capacity for HDI globally, enhancing market supply stability and competitive pricing [4] - The company aims to expand the market without disrupting it, focusing on collaboration and shared growth within the industry [4] - Advanced technology and stable processes in the Henan project will lower investment costs and enhance the company's ability to adapt to market changes [4] Group 4: TPU Production and Market Demand - Different grades of TPU can be produced on the same line, allowing for flexible production adjustments based on downstream orders [4] - The company has seen sales growth in the first three quarters and plans to utilize new TPU capacity based on market demand and raw material price fluctuations [4]