Taihe Technology: Polyether Ether Ketone (PEEK) Project Pilot Test Completed, Polyarylene Nitrile (PEN) and Polyphenylene Sulfide (PPS) Projects in Pilot Stage

According to Securities Star news, Qicai Chemical (300758) responded to questions from investors on the investor relations platform on December 16. Investor: Hello, Secretary of the Board. Question 1: Is it true that the EX electronic materials produced by Huihong Technology, a joint venture with Meilian New Materials, are in a unique position domestically and are leading globally in the market? Question 2: If the answer to question 1 is affirmative, could you please tell us which major domestic and international companies have verified and are supplied with Huihong Technology's EX electronic materials? Dear Secretary of Qicai Chemical: Hello, 1. The EX electronic materials of our invested company, Huihong Technology, hold a unique position in the domestic market and are globally leading, having developed multiple strategic customers. 2. Due to confidentiality obligations, Huihong Technology is unable to disclose this business information in detail. Thank you for your attention.

According to Tianyancha business information, recently, Beijing Rockwells Technology Co., Ltd. underwent a business change. Li Xiang has been changed from executive director to board member, and the registered capital has been reduced from 1 billion RMB to 105 million RMB, a decrease of 89.5%. The company was established in December 2017, with Feng Weili as the legal representative. Its business scope includes technical services, technical development, technical consulting, technical communication, technology transfer, technology promotion, enterprise management consulting, corporate image planning, technology import and export, goods import and export, import and export agency, enterprise management, and operation of electric vehicle charging infrastructure. Shareholder information shows that the company is wholly owned by Leading Ideal HK Limited, a subsidiary of Li Auto.

On December 16, Nissan Motor of Japan announced its latest brand plan, aiming to increase the global annual delivery volume of its high-performance sub-brand Nismo by 50% to 150,000 units by 2028.

On December 15, Xinjiang Zhongtai Chemical Co., Ltd. (stock code: 002092) announced that the company plans to acquire a 15.173% equity stake in Xinjiang Huatai Heavy Chemical Co., Ltd. from Agricultural Bank of China Financial Asset Investment Co., Ltd., Agricultural Bank Investment - Huatai Heavy Chemical Debt-to-Equity Investment Plan, and Shaanxi Financial Asset Management Co., Ltd. for 1.2 billion yuan. The purpose of this acquisition is to broaden financing channels and reduce the overall asset-liability ratio. After the transaction is completed, Huatai will still be a subsidiary controlled by Zhongtai Chemical, but its equity structure will change. This proposal has been approved by the company's board of directors and filed with the State-owned Assets Supervision and Administration Commission of the People's Government of Xinjiang Uygur Autonomous Region.

The pressure from new capacity expansion is being concentrated and released, with short-term demand gradually following up. However, facing the supply growth that far exceeds the demand increase, the market still experiences significant de-stocking pressure. At the beginning of the month, the policy side focused on the impact of the Federal Reserve's interest rate cuts in December, while domestic monetary easing policies have somewhat alleviated market funding pressures. However, whether terminal orders can continue to follow up remains the biggest focal point. The market fundamentals are entangled in a tug-of-war with macroeconomic factors.