Dawn(002838)2024-11-29 07:26Group 1: Company Overview - Daon Co., Ltd. was established in 2002 and specializes in the R&D, production, and sales of high-performance thermoplastic elastomers, modified plastics, color masterbatches, biodegradable materials, and copolyester materials [1] - The company aims to replace imports and upgrade consumption, with products widely used in automotive, home appliances, aerospace, medical, and new energy sectors [1] Group 2: R&D and Technological Advancements - In 2006, the company developed the first domestically produced TPV production line, breaking international technological monopolies and receiving the National Science and Technology Award for Technical Invention [2] - The company has established four major R&D platforms and a comprehensive R&D system consisting of one research institute, two innovation centers, and nine production R&D bases [2] - Continuous investment in R&D has led to advanced or leading domestic core technologies in modified plastics, with TPV and HNBR products achieving domestic substitution [2] Group 3: Mergers and Acquisitions - The acquisition of Daon Titanium Industry aims to leverage synergies in the chemical new materials sector, enhancing product and technology collaboration [2] - As of September 30, 2024, Daon Titanium Industry reported total assets of 1.127 billion CNY and net assets of 598 million CNY, with total revenue of 1.204 billion CNY and net profit of 100 million CNY for the first three quarters of 2024 [2] Group 4: Product Applications and Capacity - HNBR products have broad applications in aerospace, oil exploration, automotive, and new energy sectors, with an annual production capacity expanded to 3,000 tons [4] - The copolyester project is undergoing flexible technology transformation, while DVA products are being developed for tire gas barrier layers to improve performance and reduce fuel consumption [4] Group 5: Strategic Development and Global Expansion - The company is focusing on strategic layouts in Southeast Asia and North America, with a joint venture established in Russia for modified plastic products [4] - Future plans include enhancing resource utilization efficiency through unified integration of subsidiaries and expanding business scale in line with strategic development goals [2]