SINO-HIGH(SZ:301076)2022-11-14 05:05Group 1: Production Capacity and Market Demand - The company plans to release 2,000 tons of HAP production capacity this year, with strong market demand and signed framework agreements with customers for minimum purchase volumes [3][4] - The first and second workshops for HAP and DFBP have been installed and are undergoing pre-production approvals, with specific timelines dependent on the approval process [3] Group 2: Pricing and Cost Factors - The price of HAP is influenced by supply and demand dynamics rather than solely by rising crude oil prices, as the raw materials are primarily fine chemicals [3][4] - The gross margins for DFBP and photoinitiators remained stable or improved due to consistent sales and demand in the first half of the year [4] Group 3: Competitive Landscape - Currently, there are no domestic manufacturers with comparable market positions for HAP, although a few companies produce HAP primarily for pharmaceutical intermediates [4] Group 4: Future Development Plans - The company aims to explore new product breakthroughs in the cosmetics raw materials sector, leveraging its strengths to enhance its product matrix for formulation companies [4]