Jin Dan Technology: Planned a circular industrial chain for degradable materials, and laid out key project constructions.

On March 24, Goldn Technology responded to investors' questions on the investor interaction platform, stating, "In recent years, the company has planned a degradable material circular industrial chain including products such as 'corn-starch/by-products-lactic acid/lactate/ester-cyclic diol of lactic acid-PBAT-degradable materials compounding and modification' for production, sales, and R&D. At the same time, we are actively deploying and implementing key projects around the degradable circular industrial chain planned by the company. In the future, through measures such as technological innovation, market expansion, and vertical integration of the industrial chain, the company can effectively respond to market changes and achieve sustainable development."

According to statistics from the European Bioplastics Association, the total global production capacity of bio-based plastics in 2023 is approximately 2.182 million tons, with PLA having an annual production capacity of 676,400 tons, accounting for 31%. Major producers include Cargill's NatureWorks in the United States and the joint venture between Corbion and Total. Although the degradable market is not yet mature, driven by policies, degradable plastics will gradually replace traditional plastics in the application fields specified by the "plastic ban" regulations, and at the same time, society's acceptance of degradable plastics will continue to increase.

In terms of performance, according to the recent earnings forecast released by Jindan Technology, it is expected that the net profit attributable to shareholders of the listed company for 2024 will be between 30 million and 43 million yuan, a decrease of 49.55% to 64.80% compared to the same period last year, which was 85.23 million yuan. The net profit after deducting non-recurring gains and losses is expected to be between 15 million and 22 million yuan, a decrease of 61.04% to 73.44% compared to the same period last year's 56.47 million yuan.