Epoxy curing agent News Gaomeng New Materials accelerates transformation and upgrading adheres to the 2+2 product development strategy

Gaomeng New Materials accelerates transformation and upgrading adheres to the 2+2 product development strategy

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Gaomeng New Materials accelerates transformation and upgrading  adheres to the  2+2  product development strategy

Recently, Gaomeng New Materials stated at an exchange meeting with institutional investors that the company's current operating guidelines are "transformation and upgrading, strategy leading to a new chapter; innovation-driven, project tackling to promote development", the future company Will adhere to the "2+2" product development strategy: consolidate the development of advanced composite adhesive materials, enhance the development of sound insulation and vibration reduction materials, accelerate the development of new energy functional materials, and make breakthroughs in the development of photoelectric display materials.

The company emphasizes that Cao Xue, the current chairman, has worked in Dongcai Technology for a long time before. He has been the general manager and director of the company from the grassroots position. Management has a good theoretical foundation and practical experience.

Regarding the reserve project, the company's wholly-owned subsidiary Nantong Gaomeng's annual production of 46,000 tons of electronic new energy adhesive project is expected to be put into operation from May to June this year. The project will further optimize the product structure and enhance the company's products in photovoltaic modules, new energy vehicles The proportion of business in other industries; Nantong Gaomeng’s annual production of 124,500 tons of new adhesive materials and 4,800 tons of by-product diethylene glycol technical transformation projects has now been approved by the Nantong Municipal Bureau of Industry and Information Technology, and relevant construction has started The construction procedures are being processed, and the construction period is expected to be one year. This project can further expand the emerging development direction and break through the production capacity bottleneck that affects the company's rapid development. At present, the company has made breakthroughs in photovoltaic backplane adhesives, photovoltaic module sealants, power battery structural adhesives, and heat-conducting potting adhesives in the new energy industry.

Talking about Wuhan Huasen, the company said that Huasen has great advantages in customer resources, product categories, supply assurance capabilities, quality management system, etc. In the past, it has served Japanese customers for a long time, and it is relatively rare to enter the first-level supplier list of Japanese customers. Difficult, Huasen is currently a first-tier supplier of 34 domestic automakers. This qualification itself has strong competitiveness and bargaining power. In the future, the company will continue to cultivate Japanese customers, actively expand European and American customers, and vigorously develop new energy customers and Domestic influential independent brand customers. In order to achieve a quick response to customers' localized layout, the company has and will soon set up subsidiaries in many places.

In terms of flexible packaging adhesives, the company is actively developing the power battery soft packaging industry while insisting on consolidating the development of food packaging and medicine packaging industries, and further increasing its market share in the industry. In the automotive field, it is mainly to develop new energy vehicle customers, European and American customers, and excellent domestic brand customers. It is committed to the coordinated development of the adhesive business and the Huasen business, continues to enrich the product line, and further provides localized supporting facilities. In the field of new energy, the company will actively focus on the layout of the photovoltaic industry chain, focus on the development of new products for photovoltaic backplanes and lead comprehensive solutions for cost-demanding products, and actively expand the photovoltaic module sealant business. At the same time, further increase investment and layout in new product research and development of power batteries. In the field of optoelectronic display materials, the company mainly develops and deploys products such as adhesives and coatings for polarizers.

It is understood that Gaomeng New Materials currently has a strong operating cash inflow capability, abundant cash, and an asset-liability ratio of only about 10%, which has laid a solid foundation for the company's future development.

The company stated that in the future, it will step up investment and industrial layout along the established strategy, continuously optimize product structure, expand application fields, implement the layout and construction of production bases, and accelerate product innovation iterations through continuous project tackling. In terms of production capacity improvement, it will also plan to build a Gaomeng new material industrial base in South China to provide production capacity guarantee for the company's rapid development. In addition, in terms of extensional development, the company will continue to work hard to find suitable cooperation targets.

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