CAAM: The Auto Industry's Profit Hollowing Trend Is Very Severe

On March 6, an investor askedLianhong New MaterialRecently, I heard the chairman saying that At the meeting, it was proposed to actively develop high-performance films. Please have the company leadership introduce the company's technical reserves in this project and its long-term development strategy. Regarding this, translate the above content into English, outputting only the translation without any explanation.Lianhong New MaterialOn March 10, in response to the investor interactive platform, it was stated that under the drive of the dual carbon strategy, biodegradable materials such as PLA and PPC, with core advantages including bio-based raw materials and carbon fixation and reduction, are widely applied in areas such as environmental packaging, agricultural mulch films, and fiber textiles, and have a promising development prospect. The company's PLA products adopt a fully integrated industry chain technology independently developed, and have now developed high, medium, and low optical pure PLA product series, which are continuously being launched into the market; the company has collaborated with...Chinese Academy of SciencesCO₂-based biodegradable material PPC, co-developed by relevant institutes, offers excellent balance of rigidity and toughness, good barrier properties, high transparency, and dual advantages of environmental friendliness and carbon sequestration.

Gongyuan Co., Ltd. stated on the Interact Wealth platform that its products are exported to more than 100 countries and regions across Asia, Europe, the Middle East, America, Africa, and Oceania. Currently, the proportion of the company's products exported to the Middle East market in its total revenue is small, and the current instability in the Middle East will not have a significant impact on the company's overall business.

SC crude oil main contract fell 15% on the day, now at 642.00 yuan per barrel.

On March 6, an investor asked Lianhong New Materials whether the company has technological reserves or related products for plastic thermoelectric films. In response, Lianhong New Materials replied on the investor interaction platform on March 10 that the matrix material used in plastic thermoelectric films is film-grade polypropylene, which is not entirely identical to the company’s existing polypropylene products.

The morning session saw all commodities decline, with the main contract of ethylene glycol down more than 9%, PX and PTA main contracts down more than 5%, and the bottle-grade PET main contract down more than 4%.