On July 17, Hong Kong stocks related to new consumption continued to decline. As of the time of reporting, Pop Mart (09992.HK) fell by over 2.5%, with a transaction volume exceeding 3.2 billion Hong Kong dollars, and the latest market value is 330.6 billion Hong Kong dollars. According to Caixin, on the first trading day after Pop Mart released a positive profit forecast announcement (July 16), the number of shares sold short surged to 2.4956 million, more than six times the 342,000 shares on the previous trading day (July 15), reaching a new high since June 20. Goldman Sachs pointed out in its latest research report that although Pop Mart's performance exceeded the general expectations of sell-side analysts, it may only "roughly meet" the high expectations that buy-side investors had previously raised to very high levels. JPMorgan noted that the net profit growth forecasted by Pop Mart actually falls at the lower end of the previous buy-side expectation range (approximately 4.5 billion to 5.5 billion yuan). Looking back at the development trajectory of Pop Mart, from January 2, 2024, to now, its stock price has increased by over 1000%, with an increase of nearly 200% in 2025 alone. In the first quarter of this year, Pop Mart's performance has shown explosive growth. On April 22, it announced that its overall revenue for the first quarter of 2025 increased by 165%-170% year-on-year, with revenue in China increasing by 95%-100% and overseas revenue increasing by 475%-480%. In terms of revenue by region, the Asia-Pacific (referring to countries and regions in Asia and Oceania excluding China) increased by 345%-350% year-on-year, the Americas increased by 895%-900%, and Europe increased by 600%-605%. At the annual performance briefing held in April, Pop Mart's Chairman and CEO Wang Ning stated that the company's performance growth in 2024 exceeded expectations, mainly due to the successful implementation of its internationalization strategy, which has become the second growth curve for the company. Looking ahead to 2025, the management team is full of confidence, planning to achieve a year-on-year sales growth of over 50% based on the high base in 2024, with overseas sales expected to grow by over 100%. The goal is to reach an overall sales amount of 20 billion yuan, with overseas sales exceeding 10 billion yuan. The expansion of plastic demand behind the tide of trendy toys. The astonishing growth curve of Pop Mart has directly driven a massive demand for high-end plastic materials. The products rely on materials such as PVC and polypropylene.Safety, plasticity, environmental protectionWith stringent standards, the production of plastic products in China has reached 2024.77.076 million tonsThe export value has surpassed the 100 billion US dollar mark.The rise of high-value-added consumer products like Pop Mart is forcing the upstream materials to upgrade. It is particularly noteworthy that Pop Mart's overseas revenue has experienced explosive growth, and its products must comply with strict standards such as the EU REACH regulations. This directly drives the demand for environmentally friendly plasticizers—medical-grade epoxy soybean oil and citrate plasticizers are growing rapidly in the market.8.5%​The average annual growth rate of the expansion is expected to exceed the scale by 2030.12 billion yuan​。 The growing pains of industrial transformation under high environmental pressure. With the global "plastic restriction order" escalating, traditional plastic enterprises are facing a life-and-death test. ​Policy-driven pressureChina's "Plastic Pollution Control Action Plan" clearly restricts highly toxic plasticizers, while the EU REACH regulation establishes high trade barriers. ​Rising costsIn 2025, the industry average gross profit margin will drop from 18% to 15%, and the net profit margin will fall below 6%, putting significant pressure on small and medium-sized enterprises. ​Technical BreakthroughLeading companies like Wanhua Chemical and Jinhai Technology are seizing the opportunity by developing bio-based materials. Jinhai Technology's net profit in the first half of 2025 is expected to grow by 45% to 71% against the trend. The shortcomings of the plastic recycling system have highlighted the urgency of transformation. Currently, the recycling costs are high and the application rate of recycled materials is low, and the industry's circular economy is still in a state of "The road is long and difficult."the critical stage of the battle"。 The polarized industry differentiation of ice and fire. The performance of plastic enterprises in 2025 shows dramatic differentiation. This differentiation confirms the structural transformation in the industry—high-end products can achieve a gross profit margin of over 30% (such as Wanhua Chemical), while general-purpose plastics are mired in a surplus of production capacity. The operating rate of the polypropylene industry has already fallen below70%​However, specialty materials such as metallocene polypropylene and ultra-high transparency polypropylene are still in short supply. Technological breakthroughs lead to the reshaping of industry chain value. The path to a breakup has become clear. ​Biobased alternativesLiancheng Chemical's bio-based plasticizer production capacity will double to 200,000 tons/year, and Wanhua Chemical is planning a citric acid ester production line. ​Specialized breakthroughThe demand for anti-impact copolymer polypropylene driven by new energy vehicles will see the share of environmentally friendly plasticizers in the automotive sector reach 2030.35%​​ ​Digital cost reductionEnterprises that use AI to optimize production have reduced procurement costs.5%-8%​Relieve the pressure of raw material price fluctuations. The stringent requirements of Pop Mart and others for food-grade safety standards and low-carbon materials are being transmitted through the industrial chain, pushing plastic companies from "Price competition"Turn"Technical competition”。 Future Vision: The Double Helix of Green and High-End When Pop Mart plans to achieve in 202520 billion in salesAt this time, behind it is a demand for high-end plastic materials worth hundreds of billions; as Wanhua Chemical accelerates the development of bio-based polyurethane at its R&D center, the upgrading bottlenecks in industries such as trendy toys, healthcare, and new energy are being broken one by one. The future of the plastic industry depends on whether it can...Environmental compliance Technology premiumFind a balance in between. Just as the polypropylene industry has opened up high-end markets through metallocene materials, China's plastic processing industry is now at a point of...World Factory"toward"Source of Innovation"The critical point of the leap. This green revolution is not only related to the survival of enterprises but will also reshape the competitive landscape of global industrial chains."

In recent years, the competition within the textile industry has intensified, and this year it has faced unprecedented internal and external challenges. It is clear to anyone with insight that limitless competition will only harm the industry, and even the last ones standing may not necessarily emerge as the winners.   Unprecedented wave of production shutdowns This summer, the textile industry experienced an unprecedented wave of production stoppages. In recent years, regions with rapid capacity growth, such as Xinjiang, northern Jiangsu, and Henan, have already seen significant shutdowns. These shutdowns also include some machines that were recently put into operation in the past two years, which have higher profitability than older machines and face substantial cost recovery pressure. They will only choose to shut down as a last resort. Some traditional textile clusters in the Yangtze River Delta region are relatively better off, with smaller scales of production stoppages. These companies have been operating for many years, so their customer base and product sales channels are relatively more stable. They also have a certain level of technological accumulation, allowing them to produce higher-end products, but there are still some measures in place to reduce production. According to normal market trends, this wave of production halts is expected to last for at least another month.   Unprecedented external challenges In addition, the black swan events that have occurred from time to time over the years, along with the increasingly advanced textile industry overseas, have brought unprecedented challenges to domestic textile enterprises. In terms of tariffs, the indiscriminate taxation imposed by the United States on the entire world is something that most people did not anticipate. As one of the most important textile consumption markets globally, the U.S. has universally increased tariffs on all textile-exporting countries. This not only has a significant impact on clients in the U.S., but also affects businesses engaged in domestic trade and those in other countries whose impact was originally minimal. When the U.S. reduces its orders, the companies that previously relied on U.S. orders will compete in other markets, driving prices lower and lower. In terms of shipping, the Red Sea crisis has not only increased freight costs due to the need to detour around the Cape of Good Hope, but it has also lengthened the shipping time, resulting in delays in the recipient receiving their goods. This, in turn, has effectively extended the payment terms and compressed cash flow. In terms of homomorphic competition, the textile industry in Southeast Asia and Central Asian countries has experienced rapid development in recent years and is naturally not satisfied with merely being an OEM. They are beginning to extend upstream and downstream in the industrial chain. If it comes to direct competition, Chinese enterprises are certainly not afraid, but they will also want to protect their domestic industries. This year, India has implemented restrictions on the import of Chinese textile machinery.   The survivor is not necessarily the king. There is a saying in the market: "The remaining ones are kings." It means that in the end of competition, the surviving enterprises can capture most of the market and become the winners. In the past few decades, there have been many examples of textile companies that turned around with just a few orders when they were in dire straits, so many textile companies hold on to this idea as well. Many textile enterprises are holding on, thinking that if they endure this period, everything will get better. But times have changed; in the current situation, merely surviving does not guarantee success. Currently, in the textile market, the production capacity of conventional products is the least valuable, and it is very difficult to eliminate this capacity. This surplus situation is expected to continue for a long time. Under the conditions of excess capacity, even if the market really shows signs of recovery, unless there are some companies that have already established a competitive advantage in certain aspects, it will be very difficult for most textile enterprises to earn excess profits.   The urgency to combat involution is imminent. In March of this year, the government work report explicitly emphasized the need to adjust the competition characterized by "involution"; on June 27, the new "Anti-Unfair Competition Law" was revised and will come into effect on October 15 of this year; on July 1, the Central Financial Committee meeting again proposed "anti-involution" competition, addressing the issue of chaotic low-price competition among enterprises and promoting the orderly exit of backward production capacity. On the same day, the magazine "Qiushi" published an article titled "Deeply Understand and Comprehensively Rectify 'Involutionary' Competition." The article states that "involutionary" competition confines various entities to a low-price, low-quality, and ineffective competition, breaking through the boundaries and bottom lines of market competition, disrupting market order, and allowing its development will lead to endless harm. In the case where the market's self-regulation fails, it is hoped that administrative measures can bring the textile industry back to a healthy development track.

International News Guide:   Raw Material News - American DuPont plans to sell Nomex and Kevlar brands for $2 billion Automotive News - GAC Group Enters UK Market, to Launch Two AION Brand EVs First Electronics News - Counterpoint: Global Smartphone Shipments Grew 2% YoY in Q2 Other News - Covestro India and CSIR-NCL Partner to Convert PU Waste into Chemical Building Blocks   Details of International News:   1. American Dupont Plans to Sell Nomex and Kevlar Brands for $2 Billion It is reported that DuPont's iconic high-performance brands - Nomex and Kevlar, have now been put up for sale. As part of a major corporate restructuring, DuPont is preparing to spin off the Nomex and Kevlar heat-resistant fiber brands by mid-2025. Private equity firms Advent International and Platinum Equity are preparing to submit bids, and the deal is expected to be valued at approximately $2 billion (equivalent to about RMB 1.44 billion). The purpose of this spin-off is to focus on high-growth areas (semiconductors, medical care, water treatment). 2. Covestro Declares Force Majeure on TDI / oTDA-based / Polyether Polyol Due to a fire in an external transformer station in building L26 at Chempark Dormagen early Saturday morning on July 12, 2025, there was a sudden and unpredictable power outage in parts of the Chempark. In addition to the process control system, Covestro's PUD and PET operations as well as the chlorine plant were also affected by this incident, which had to be shut down to a safe state. The specific impacts of this incident cannot yet be assessed by Covestro. Furthermore, it is not foreseeable how long this condition, the interruption of the power supply, and the failure of the process control system will last. 3. Solvay Revises Its 2025 Underlying EBITDA Outlook and Confirms Its Free Cash Flow Guidance In the second quarter, Solvay experienced a continuation of the soft market environment, impacted by ongoing global tariff discussions and heightened geopolitical tensions. This led to a progressive reduction of demand, and a slowdown in order books, particularly in certain soda ash end-markets and in the Coatis business unit. Visibility remains low and market conditions are expected to remain challenging throughout the second half of 2025. 4. Adnoc to transfer OMV stake to XRG Abu Dhabi National Oil Co. (Adnoc) announced July 16 that it intends to transfer its 24.9% shareholding in OMV AG (Vienna) to XRG PJSC, Adnoc’s wholly owned international investment company. Details of the transaction have not been disclosed.The transfer, which is subject to regulatory approvals, is aligned with Adnoc’s s strategy to consolidate its international growth investments under XRG, the company said. XRG, launched in November 2024, is also Adnoc’s vehicle for the previously announced acquisition of Covestro AG. 5. Canada’s KSR sold to U.S.-based Angstrom Automotive Group KSR International, a Ridgetown, Ont.-based automotive parts maker, has been acquired by Angstrom Automotive Group Inc., in a move that expands Angstrom’s product offering, manufacturing footprint, and vertical integration, while deepening business with OEMs. 6. GAC Group Enters UK Market, to Launch Two AION Brand EVs First On July 16, GAC Group and Saudi-owned distributor Jameel Motors announced a cooperation agreement, under which the latter will distribute GAC Group's models in the UK, Europe's second-largest automotive market. This makes GAC Group the fourth Chinese automaker to launch a new brand in the UK market this month. According to the plan, GAC Group will first launch two AION brand electric models in the UK market - the AION V SUV and AION UT Hatchback, with the first batch of vehicles expected to be delivered to UK consumers in the first quarter of 2026. 7. Covestro India and CSIR-NCL Partner to Convert PU Waste into Chemical Building Blocks Covestro (India) Private Limited has signed a Memorandum of Understanding (MOU) with the CSIR-National Chemical Laboratory (NCL) launching an innovative Corporate Social Responsibility project. The project aimed at developing sustainable upcycling solutions for polyurethane materials, addressing the critical limitations in current recycling technologies.  8. South Korea Plans to Impose 5-Year Anti-Dumping Duties on Chinese Petroleum Resins Recently, South Korea's Ministry of Strategy and Finance issued Announcement No. 2025-142, stating that it will impose anti-dumping duties for five years on petroleum resins originating from Mainland China and Taiwan Region of China. Among them, the duty rate for Mainland China is 2.26% ~ 3.50%, and that for Taiwan Region of China is 7.07% and 18.52%. The case involves products under Korean tariff code 3911.10.1000, but C9 petroleum resins with a softening point of not less than 130℃ are not subject to the above anti-dumping duties. 9. Counterpoint: Global Smartphone Shipments Grew 2% YoY in Q2 On July 17, according to preliminary data estimates from Counterpoint Research's market monitoring service, global smartphone shipments in the second quarter of 2025 grew slightly by 2% year-on-year (YoY). This growth marks the second consecutive quarter of expansion, mainly driven by contributions from the North American, Japanese and European markets. Samsung maintained its position as the world's top smartphone vendor in Q2 2025 with an 8% YoY increase in shipments. Apple remained in second place, with its shipments rising 4% YoY. Xiaomi's performance in Q2 2025 was flat YoY, ranking third. vivo and OPPO ranked fourth and fifth respectively, performing steadily in the mid-range market and showing signs of recovery in overseas markets such as Latin America and the Middle East and Africa (MEA). Overseas Macro Market: 【Fed Releases "Beige Book" on Economic Conditions】 On July 16 local time, the Federal Reserve released the "Beige Book" on economic conditions.【US June Producer-Side Inflation Data Unexpectedly Lower Than Expected】 On July 16 local time, US June producer-side inflation data was unexpectedly lower than expected, failing to reflect the potential price increase effect that tariff policies might bring to producers for the time being. The market continues to bet that the Federal Reserve will cut interest rates twice within the year. 【Trump Denies Plan to Fire Powell】 On July 16 local time, US President Trump denied news that he would soon fire Federal Reserve Chairman Powell, easing market concerns. 【Earnings of Major US Financial Institutions Remain Stable】 On July 16 local time, major financial institutions such as Bank of America, Goldman Sachs, and Morgan Stanley released relatively stable earnings reports, boosting market risk appetite. The three major US stock indexes closed higher collectively on Wednesday, with the Nasdaq hitting its ninth closing record high this year. 【UK June CPI Year-on-Year Increase Rebounds to 3.6%】 On July 16 local time, data released by the UK Office for National Statistics showed that the year-on-year increase in the UK's June Consumer Price Index (CPI) unexpectedly rebounded to 3.6%, hitting a new high since January 2024. The market is worried that the UK economy is on the verge of stagflation.【ASML Reports Strong Earnings but Faces Gloomy Outlook】 On July 16 local time, Dutch lithography giant ASML released its earnings report, showing that the company had strong performance in the second quarter of fiscal year 2025. However, management warned that uncertainties in macroeconomic and geopolitical risks are increasing, and the company's performance may not grow in 2026. ASML's European shares plummeted 11.37% on Wednesday, which also triggered a decline in most large European technology stocks. The three major European stock indexes closed lower collectively on Wednesday. Price Information: 【RMB/USD Central Parity Rate】 The central parity rate of RMB against USD was reported at 7.1461, up 65 points; the central parity rate of the previous trading day was 7.1526, the official closing price of the previous trading day was 7.1776, and the night session closing price of the previous day was 7.1771; 【Upstream Raw Material USD Market Prices】 Ethylene Asia: CFR Northeast Asia 820 USD/ton; CFR Southeast Asia 830 USD/ton; Propylene Northeast Asia: FOB Korea average price 740 USD/ton; CFR China average price 765 USD/ton; North Asia frozen cargo CIF price, propane 520-521 USD/ton; butane 490-491 USD/ton; South China frozen cargo CIF price for early August, propane 552-562 USD/ton; butane 523-531 USD/ton; Taiwan region frozen cargo CIF price, propane 520-521 USD/ton; butane 490-491 USD/ton; 【LLDPE USD Market Prices】Film: 875-900 USD/ton (CFR Huangpu); Injection molding: 950 USD/ton (CFR Dongguan); 【HDPE USD Market Prices】Film: 920 USD/ton (CFR Huangpu); Blow molding: 855-860 USD/ton (CFR Huangpu); 【LDPE USD Market Prices】Film: 1070-1100 USD/ton (CFR Huangpu); Coating: 1350 USD/ton (CFR Huangpu); 【PP USD Market Prices】Homopolymer: 935-965 USD/ton (CFR Huangpu); Copolymer: 965-995 USD/ton (CFR Huangpu); Film grade: 1000 USD/ton (CFR Huangpu); Transparent grade: 1085 USD/ton (CFR Huangpu); Pipe grade: 1160 USD/ton (CFR Shanghai);  

On July 13, the Sichuan Provincial Department of Ecology and Environment issued a notice stating that, in accordance with the relevant regulations of the approval procedures for environmental impact assessments of construction projects, after review, it intends to make a decision on the approval of the special bamboo fiber functional material project of Sichuan Huanlong Ecological Technology Co., Ltd. at the Bamboo Health Bamboo Industry Park. At this point, the 1.5 billion yuan bamboo fiber project has obtained its "permit to start production," and another paper pulp molding large factory is about to be put into operation. This is also a milestone moment for the bamboo fiber industry in Sichuan! Sichuan Huanlong Ecological Technology Co., Ltd. is located in Meishan City, Sichuan Province. The total investment for the approved project is 1.5 billion yuan, which includes the construction of a production line for 250,000 tons/year (dry weight) of bleached bamboo pulp, a production line for 204,000 tons/year (dry weight) of fluff pulp (high-performance bamboo fiber water-absorbing substrate), and a production line for 46,000 tons of molded paper pulp specifically for tableware (dry weight, actual dryness 48%), as well as supporting public utilities, environmental protection, and other facilities. This project relies on Sichuan's abundant bamboo resource advantages. Once completed, it can replace approximately 300,000 tons of wood pulp raw materials annually (calculated at a 1:1.3 bamboo to wood conversion rate). In the context of the ongoing deepening of the "plastic ban," the breakthrough in the production capacity of bamboo fiber molded tableware-specific pulp provides a key raw material guarantee for the environmentally friendly packaging industry. "We have signed a Memorandum of Understanding with the Finnish National Technical Research Centre regarding the cooperative research on bamboo biomass refining technology and the full-value utilization of bamboo." The party secretary of Huanlong Company stated that in the next steps, both parties will rely on their respective advantages to carry out research on bamboo biomass refining technology, technology for the full-value utilization of bamboo, and the development of high value-added bamboo products, gradually forming a distinctive industrial system for bamboo biomass refining and full-value utilization of bamboo. Huanlong Ecological is a subsidiary of Huanlong Group, established in 1987. Huanlong Group was originally a global leader in the production of paper blankets and owns two major companies: Sichuan Huanlong New Materials Co., Ltd. (the parent company of Huanlong Ecological) and Huanlong Holdings Limited. In 2011, Huanlong Group established Sichuan Huanlong New Materials Co., Ltd. to develop a full bamboo fiber industry chain. In 2022, Huanlong Holdings successfully went public in Hong Kong. In 2023, the Banbu Health Bamboo Industrial Park officially commenced operations. It is worth noting that Huanlong has also jointly established Guangxi Zhuri Ecological Technology Co., Ltd. with Ningbo Jia, with both parties holding 41% of the shares. The first phase of the project has an annual production capacity of 200,000 tons of chemical bamboo pulp (used for making bamboo boards), 200,000 tons of chemical bamboo boards, and 100,000 tons of mechanical bamboo pulp. All chemical bamboo pulp will be used to produce chemical bamboo boards for high-end paper product enterprises within the Guangxi Zhuang Autonomous Region, while mechanical bamboo pulp will be directly supplied to downstream pulp molding enterprises within the park. The second phase of the project will have an annual production capacity of 200,000 tons of chemical bamboo pulp (used for producing household paper), 200,000 tons of high-grade household paper, and post-processing, with 200,000 tons of chemical bamboo pulp being converted into high-end paper products within the project. It is expected that the Huanlong Ecological and Guangxi Zhuri Phase I projects will be completed and put into operation by 2026. After the projects are put into operation, Huanlong is expected to become the largest bamboo fiber chain leader in the country.

Recently, many places around the world have been subjected to high-temperature "baking" tests. According to statistics from the Manzhouli Customs,In the first half of 2025, the export of "cooling appliances" (air conditioners, refrigerators, fans) through the Manzhouli Port amounted to 520 million yuan, a year-on-year increase of 22.4%.The monthly export value has continued to grow for five consecutive months, reaching a historical high of 130 million yuan in May. Data from the China Household Electrical Appliances Association shows that from January to May 2025,China's air conditioning exports to the EU and the UK reached 1.388 billion USD, a year-on-year increase of 20.25%; the export volume reached 7.9682 million units, a year-on-year increase of 20.14%.。 The data from the General Administration of Customs shows that China's export of household appliances is in a high base situation from last year.From January to May this year, a total of 18,425,300 units were exported, an increase of 6.1% year-on-year. Behind the rising export data, there are both external factors such as the soaring temperatures caused by global warming, and more importantly, the accelerated overseas expansion of Chinese home appliance companies. These companies are investing in establishing bases around the world, promoting their own brands, and exploring untapped market areas. Especially in emerging markets like Southeast Asia, South America, and Africa, these regions have become key battlegrounds for home appliance companies "going abroad." According to a report by the China Industry Research Institute, Hisense Group announced on July 11 this year that its factory in Algeria, built in cooperation with the local Condor Group, has officially launched its first large-scale export operation.Exporting over 5,000 locally produced televisions and washing machines to strategic markets in the Middle East and North Africa (MENA) such as Egypt and Tunisia.。 Midea Group has also been active in South America, Latin America, Southeast Asia, and other regions. On June 16, representatives from Midea and a delegation from the government of Minas Gerais State in Brazil announced four new investment projects in the state. Source: Midea Group official Weibo. As a strategic market for Midea, Brazil has seen the company deepen its supply chain manufacturing layout in recent years. On June 16, representatives from Midea announced four new investment projects in partnership with the government delegation of Minas Gerais State, totaling 198 million reais (approximately 258 million yuan). The new investments will include four projects: a logistics distribution center, a Welling motor factory, a Midea industrial EPS factory in Brazil, and...The new refrigerator factory is planned to officially start production in the first quarter of 2028. In the first half of the year, Midea increased its investment in brand building in South America, Southeast Asia, and other regions, actively expanding sales channels. It held a smart home appliance product launch in Buenos Aires, the capital of Argentina, and also hosted the 2025 Toshiba product launch in Manila, Philippines. Peru is an important part of the Latin American market. In May of this year, Midea held its first product launch event in Lima, the capital of Peru.Since its establishment at the beginning of 2024, Midea's Peru branch has quickly established sales channels for core categories such as smart air conditioners, large-capacity refrigerators, and washing machines, with all products being localized and improved to suit Peru's climate and consumer habits.。 In recent years, Haier has been focusing on brand internationalization and has intensified its efforts to promote its independent brand in Southeast Asia. On May 28, a brand launch and new product release conference was held in Ho Chi Minh City, Vietnam, announcing...Haier brand officially enters the Vietnamese market.At the event, three new high-end washing machine models from Haier were launched, and a strategic cooperation was announced with DMX, a leading home appliance retail platform in Vietnam. On May 28, Haier Smart Home announced in Ho Chi Minh City, Vietnam, that the Haier brand officially entered the Vietnamese market. Image source: Haier Group WeChat Official Account. The prospectus of Aux Electric shows that as of the three months ending March 31, 2025, overseas revenue accounted for 57.1%. Having tasted the "sweetness" of going abroad, Aux has also increased its globalization efforts this year. In April, the AUX overseas OBM dealer conference was held in Pattaya, Thailand, attracting air conditioning industry partners from over 30 countries around the world.As an important overseas manufacturing base of AUX Group, the AUX Thailand factory will continue to enhance its localization operational capabilities to support production and delivery in the regional market. AUX Air Conditioner officially enters the UAE market. Image source: Screenshot from AUX Air Conditioner's WeChat official account. It's also April.AUX Air Conditioning announces its official establishment in the UAE market.AUX held its first dealer conference in Dubai, where itC-Series Through localized innovative design, it fully meets the multiple expectations of Middle Eastern consumers for product durability, quiet comfort, and easy installation. From May 20 to 22, AUX Group showcased its full range of smart air conditioning solutions for home and commercial use at the 8th Nigeria International Air Conditioning, Ventilation and Refrigeration Exhibition (MEGACLIMA), a benchmark event in the non-refrigeration industry.AUX is engaging in in-depth discussions with multi-national distributors regarding customized services to accumulate strategic resources for the ongoing expansion into the West African market.。 Driven by global high temperatures and changes in market demand, exports have become an important engine for the growth of China's home appliance industry. In the face of intense competition in the international market, domestic electrical enterprises need to further strengthen brand building, enhance independent innovation capabilities, and ensure steady progress in a complex and ever-changing international environment.

In July 2025, the parent company of Nezha Automobile, Hozon New Energy Automobile Co., Ltd., officially launched a pre-recruitment for restructuring intention investors. Interested strategic investors can submit pre-registration materials through the Alibaba Asset Platform starting from July 10. This move comes just 8 months after its suspension of production in November 2024, bringing a possibility of rebirth for this company that was once hailed as a "dark horse in the new energy sector." From establishment to the accumulation of global. Image source: Hezhong New Energy Management Aulton New Energy was established on October 16, 2014, with the registration authority being the Jiaxing Market Supervision Administration. The legal representative is the chairman, Fang Yunzhu, and the registered capital has reached 2.84 billion yuan. It is located in Tongxiang City, Zhejiang Province. As a foreign-invested unlisted joint-stock company, the most remarkable aspect of its development trajectory is the gradually constructed industrial network covering both domestic and international markets. As of May 1, 2025, the core assets of Huzhong New Energy include fixed assets, machinery and equipment, intellectual property, and accounts receivable. Among them, fixed assets encompass 350 acres of industrial land located in the Tongxiang Economic Development Zone; machinery and equipment include integrated workshop production lines, production molds, transportation tools, and experimental equipment; intellectual property is primarily based on independently developed software products and the registered trademark "Nezha Automobile." In terms of industrial layout, Hozon New Energy has formed a dual-drive pattern of "deep cultivation in the domestic market + expansion overseas." Domestically, in addition to the Tongxiang base, it also has two major production bases: the Yichun base in Jiangxi, which was put into operation in 2022, is an "all-ecological smart factory" meeting Industry 4.0 standards, with an annual production capacity of 100,000 vehicles; the Nanning base in Guangxi, in which it holds an 85.3% stake, also has an annual production capacity of 100,000 vehicles and is positioned as an export KD parts base for overseas markets. Additionally, there are three core component factories in Tongcheng, Fengtai, and Fengyang, creating a relatively complete supply chain system. Image source: Nezha Auto Nezha's layout in overseas markets is more forward-looking, with factories in Southeast Asia located in Bangkok, Thailand, Jakarta, Indonesia, and Malaysia. Among them, the Bangkok factory and the Jakarta factory are set to start production in 2024. Both factories adopt the CKD (Completely Knocked Down) assembly model to achieve localized production, laying the foundation for their globalization strategy. The Malaysia factory began construction in 2023 and is expected to commence production this year. Nazhah has a certain brand accumulation in the Southeast Asian market, and its sales performance in Southeast Asia is quite impressive. According to relevant data, the delivery volume of the Nazhah AYA series in Southeast Asia exceeded 50,000 units in 2023, accounting for 52.0% of the Southeast Asian small pure electric vehicle market. In the entire year of 2023, Nazhah Automobile's market share in Thailand's electric vehicle market reached 12%. Reorganized core values: multiple foundations of qualifications, technology, and market. Regarding this restructuring, the manager of Hozon Auto has clearly stated that the core investment value of Hozon Auto can be regarded as a "hidden gem" in the field of new energy vehicles. As a rare "dual-qualification" enterprise in the domestic new energy passenger vehicle sector, Hozon Auto is not only one of the first companies to receive dual certification from the National Development and Reform Commission and the Ministry of Industry and Information Technology, but also relies on independent research and development to master the "Shanhai + Yunhe" vehicle platform and the "Haozhi + Tiangong Battery" core technology, thus establishing its core technological barriers. Since its launch in 2018, the "Neta" brand has sold over 460,000 vehicles, with annual sales surpassing 150,000 units in 2022. Its product matrix covers the mainstream price range of 80,000 to 200,000 yuan, including multiple models such as Neta V/AYA, X, L, S series, and GT, accumulating a solid user base. Additionally, Hozon New Energy's overseas first-mover advantage is also prominent. Through localized production in CKD factories in Thailand and Indonesia, Neta has seized the initiative in the Southeast Asian market, laying a foundation for global expansion in terms of capacity and channels. The more critical production resumption potential of Hozon Auto lies in the fact that its production line equipment has remained in good condition since its shutdown in November 2024 for 8 months. More than 400 core team members, including management and technical personnel, are still retained, which means that with external resource injection, it has the ability to quickly resume production and effectively maintain existing market resources and industry position. In addition, the company's base in Tongxiang, Zhejiang, has been recognized as one of the "Top Ten Counties (Cities) for Business Environment" in 2024, providing stable policy and legal guarantees for its post-restructuring development. Regarding the production resumption prospects of Nezha Auto, the management of Hozon New Energy holds an optimistic attitude. They stated that the current production line equipment is operating normally, the core team is stable, and as long as external conditions are met, production can be quickly resumed, regaining market competitiveness. The opening of this pre-recruitment provides a market-oriented path for Hozon New Energy to introduce strategic investors and resolve its operational difficulties. For capital interested in entering the new energy vehicle sector, Hozon New Energy possesses dual qualifications, core technologies, a mature brand, and a global layout, making it a relatively promising investment opportunity. Currently, both within and outside the industry are observing and anticipating; if Hozon New Energy successfully restructures, it may usher in the hope of a "rebirth."

On July 17, news reported that the biggest dilemma for electric vehicles is homogenization, especially in terms of exterior design. Do you agree with this view? At the MG4 media launch, SAIC executive Shao Jingfeng stated in an interview: "In the era of new energy, the biggest dilemma is homogenization (with a common adoption of similar closed front faces, through-type light strips, and minimalist interiors, lacking brand identity. Without the logo, everyone looks the same.)" "MG needs its own things, even if there is a little controversy, it is still its own. Design is very difficult, very, but also very enjoyable," said the executive. Shao Jingfeng also proposed the need to inject uniqueness through Chinese aesthetics (such as Chinese romance) to avoid designs becoming a "globalization template." Many netizens have previously expressed that whether it’s a million-dollar luxury car or a 100,000-yuan commuter vehicle, a tail light has almost become a standard feature. From the large front grille to the "Tesla-style" large screen in the interior, and to the "family design language" of the body lines, automotive design seems to have fallen into a silent competition of "copy and paste." This phenomenon not only causes consumers to suffer from "face blindness," but it also prompts the industry to reflect: when "conformity" becomes the mainstream, where should the soul of automotive design be placed? Some industry practitioners have stated that the homogenization crisis in automotive design is essentially due to car manufacturers' excessive pursuit of "certainty." When car companies become obsessed with market research, cost control, and rapid iteration, the "spirit of adventure" in design gradually disappears.

The world's oldest toy store, Hamleys, recently announced its full-year results for 2024. Despite a challenging environment, company closures, and layoffs, performance has actually improved. Performance recovery in 2024 After a 9.19% drop in sales in 2023, Hamleys finally made a comeback in 2024. As of December 31, 2024, Hamleys' total sales for the year reached £53.3 million (approximately 510 million RMB), an increase of 3.69% compared to £51.4 million in 2023. Moreover, the pre-tax profit soared from a meager £673,000 in 2023 to £3.7 million in 2024 (approximately 35.68 million RMB), growing more than fivefold. In terms of regions, the performance in Europe is good, while the global regions are sluggish. Specifically, the revenue from the UK headquarters increased by £2 million from £43.9 million in 2023, reaching £45.9 million in 2024, accounting for 86.12% of the company's total revenue; the revenue from the rest of Europe surged from £166,000 in 2023 to £832,000 in 2024; however, the revenue from other global regions declined, decreasing from £7.3 million in 2023 to £6.5 million in 2024. The night-time foot traffic at Hamleys' UK store is quite considerable. Efforts to adjust store layout Behind this performance growth is the adjustment of cost reduction and efficiency improvement by Hamleys. In 2024, Hamleys closed 29 underperforming stores worldwide throughout the year, but during the same period, it also opened 22 new stores, indicating its adjustment in store location strategy. Currently, there are 11 stores operating in the UK and a total of 176 franchised stores globally. According to Hamleys' official website, there are 8 stores in China. At the same time, the company made personnel adjustments, laying off 34 people, and the current number of employees is 401. The Hamleys board stated in a statement: "The revenue growth in 2024 is mainly driven by franchise fees, and we are optimistic about the introduction of new areas and the growth in existing regions." Hamres will open a flagship store in 2024 in collaboration with local partners in Italy. Entering 2025, the Hamleys board believes that the UK retail market remains challenging as consumer spending continues to be affected by inflationary pressures. Therefore, the company maintains a cautiously optimistic outlook on business growth and continues to focus on cost optimization to ensure the group's profitability. At the same time, the Hamleys board stated: "We will continue to strive to improve various forms of customer experience and propositions to ensure the long-term sustainability of the business. We remain focused on finding future growth opportunities, and implementing a robust digital strategy is a key growth driver for the UK in 2025." Destined for misfortune, experienced multiple changes of hands. Hamleys is the oldest toy store in the world, founded in 1760. It has withstood global economic recessions and the ravages of world wars, boasting a history of 265 years, though it has changed hands multiple times. In 2003, the Icelandic investment firm Baugur Group privatized Hamleys for £47.4 million. In 2012, it was transferred to Groupe Ludendo for 60 million pounds. In 2015, it was acquired by the Chinese company Qianduoduo for 100 million pounds. In 2018, it was sold for £70 million to Reliance Industries, the largest in India and the second-largest private enterprise in the world, transforming from an authorized operating partner in India to the parent company, continuing to this day. Currently, India is also the country with the most Hamleys stores globally. According to the official website, there are over a hundred stores of all sizes combined.

In the aerospace field, lightweight design has always been the core direction of technological breakthroughs. In traditional manufacturing processes, the solvent-based release agents used in the demolding process can meet basic functions but also bring issues such as excessive VOC emissions, high surface defect rates, and limited production efficiency. The rise of water-based release technology has made a dual breakthrough in environmental protection and functionality, providing a revolutionary solution for reducing weight and enhancing performance in aircraft. Technological Innovation: The Transition from Solvent-Based to Water-Based Solutions Water-based release agents use water as the dispersing medium and employ nano-emulsion technology to evenly disperse active ingredients, forming a dense and stable separation film. Compared to traditional oil-based release agents, their core advantages are reflected in three aspects:Environmental Friendliness: The water-based system reduces VOC emissions by over 90%, completely avoids flammability risks, and complies with EU REACH regulations and China's "dual carbon" strategy requirements. Measurements from an integrated die-casting production line of an automotive company show that after switching to a water-based release agent, the total non-methane hydrocarbons concentration in the workshop dropped from 120 mg/m³ to 15 mg/m³.Surface quality control: The emulsion particle size is controlled to be below 0.6μm, ensuring coating uniformity. In the manufacturing of composite materials for aircraft skins, this technology reduces surface porosity by 70%, significantly decreasing subsequent repair processes and indirectly achieving structural weight reduction.Process compatibility: The non-curing feature shortens mold preparation time by 80%. Combined with a micro-spray system, a single coating can support over a hundred release cycles, significantly improving production rhythm. Weight loss mechanism: multidimensional efficiency enhancement Water-based release technology achieves weight reduction goals through three main pathways:Material utilization optimization: Precise demolding reduces edge waste, resulting in an increase in material utilization from 82% to 93% in the production of a certain type of helicopter rotor component, with a weight reduction of 4.7 kg per component.Structural simplification: In conjunction with integrated die-casting technology, a water-based release agent addresses the demolding challenges of ultra-large components. A die-cast part for a certain new energy vehicle's rear floor has achieved the integration of 74 components, reducing weight by 30% while maintaining a demolding success rate of 99.2%.Performance compensation design: Low transfer characteristics avoid the impact of release agent residue on the interlaminar bonding of composite materials, allowing designers to reduce redundant thickness by 3%-5%. In the manufacturing of satellite structural components, this technology optimized the thickness of carbon fiber laminates from 2.8mm to 2.3mm, achieving an overall weight reduction of 18%. Industry Applications: Breakthroughs from Laboratory to Production Line Precision component machining: Nanocellulose-enhanced coatings achieve sub-micrometer surface accuracy in the manufacture of satellite optical instrument supports, replacing traditional graphite coatings, reducing weight while improving thermal control performance. Future Vision: The Integration of Intelligence and Sustainability The evolution of technology presents three major trends:Responsive material development: Thermosensitive release agents can automatically adjust their lubricity according to the mold temperature, maintaining stability within a wide temperature range of -40°C to 200°C, suitable for flexible production line needs.Biobased raw material substitution: A third-generation water-based release agent based on starch derivatives has completed pilot testing, achieving a biodegradation rate of 92%. Commercialization is expected by 2028.Digital Twin Integration: Real-time monitoring of release agent film thickness and status through IoT sensors, combined with AI algorithms to predict mold maintenance cycles, has achieved a 65% reduction in downtime on a pilot production line. Water-based release agent technology not only redefines the environmental baseline of manufacturing processes but also opens up new weight reduction opportunities for aircraft design through the deep integration of materials science, surface engineering, and intelligent control. With breakthroughs in cutting-edge technologies such as nano-modification and bio-based materials, this green process will continue to drive aerospace manufacturing towards being lighter, stronger, and more sustainable.

On July 15, 2025, Medtronic announced that its LigaSure RAS vascular sealing technology for robot-assisted surgery received CE mark certification from the European Union, marking the official entry of this mature vascular sealing technology into the European robot surgery market, to be used in conjunction with Medtronic's self-developed Hugo soft tissue robotic system. LigaSure RAS  This certification further enhances the application capabilities of the Hugo system in multiple surgical procedures, including gynecology, urology, and general surgery, and fulfills Medtronic's commitment to integrating advanced closure technology into the robotic platform. A doctor works at the console of the Medtronic Hugo robotic surgical system. 01 LigaSure technology: 25 years of market validation, first entry into the robotic surgery field. LigaSure is currently the most widely used advanced bipolar energy surgical sealing technology in the world. Since its launch, it has been used in over 35 million surgeries across 65 countries/regions. This technology can achieve precise closure of blood vessels, tissues, and lymphatic vessels under 7mm in about two seconds, while minimizing thermal spread to surrounding tissues, making it highly favored by surgeons. LigaSure series products The LigaSure RAS (Robotically Assisted Surgery) version that has obtained CE certification is specifically designed to be used with robotic-assisted surgery and can be connected to Medtronic's energy platform Valleylab FT10, further enhancing operational efficiency and closure safety in robotic surgery. 02 Experts and executives evaluate: giving robotic surgery higher closure confidence. Surgeon Miguel Caceres from Panama Pacifica Salud Hospital stated, "LigaSure technology is one of the most significant advancements in minimally invasive surgery, giving us confidence in the safety of sealing. As robotic surgeons, we hope that the Hugo system will also have this technology." Matt Anderson, Senior Vice President and President of Medtronic's Surgical business, pointed out: "The approval of LigaSure RAS is a key step in fulfilling our commitment. This is not just about technological integration, but also a positive reflection of our collaboration with surgical teams to shape the future of surgery together." 03 Medtronic Hugo Robot System Progress The Hugo system received its first CE certification in Europe in 2021 and has been implemented in over 30 countries worldwide. Medtronic stated that it expects to launch the Hugo system in the U.S. market by fiscal year 2026 (ending April 2026). The indications for the procedure are urological surgeries, with plans to expand to gynecology and hernia among other fields. In addition, Medtronic also plans to conduct remote surgery demonstrations based on the Hugo system and share the latest clinical data results of gynecological procedures at the recently held annual meeting of the Robotic Surgeons Association.

In recent days, many places across the country have been experiencing high temperatures, making it unbearably hot. After sweating, clothes stick to the body, making it extremely uncomfortable. Is there a magical fabric that can make a person feel instantly cool when worn? Some brothers are there! It is——polylactic acid (PLA) fiber, a magical fiber from nature, known as "breathable fiber" by people. Today, let's have a good talk about polylactic acid (PLA) fibers and see how they bring us coolness in the scorching summer. Where does polylactic acid fiber come from? The raw materials for polylactic acid fibers are starchy agricultural products such as corn, wheat, and sugar beets. These agricultural products undergo fermentation to produce lactic acid, which is then processed through a series of complex techniques such as polymerization and melt spinning, ultimately transforming into the polylactic acid fibers we see. It can be said that polylactic acid fibers are fibers "grown" from the fields, and their birth process is filled with the wonders and wisdom of nature. From the perspective of sustainable development, the raw material sources for polylactic acid fibers are very abundant and can be continuously obtained through cultivation. When polylactic acid fibers are discarded, they can completely decompose into carbon dioxide and water in nature, unlike traditional chemical fibers, which impose a heavy burden on the environment. This characteristic of coming from nature and returning to nature makes polylactic acid fibers truly deserving of the title "green and environmentally friendly fibers." Why can polylactic acid fibers bring a cool feeling? Polylactic acid fibers have excellent moisture-wicking and breathability, which is one of the key reasons they can keep people feeling cool in the summer. Its surface has many tiny grooves and holes, and these microscopic structures act like countless tiny "highways," quickly guiding the sweat from the skin surface to the fabric surface, allowing the sweat to evaporate rapidly.   In comparison, ordinary cotton fabrics can absorb sweat, but the diffusion speed of sweat on cotton is relatively slow, and the evaporation is not fast enough, so wearing it often feels damp. In contrast, clothing made from polylactic acid fibers can quickly diffuse and evaporate sweat, keeping the fabric dry and making people feel particularly cool.   The thermal conductivity of polylactic acid fibers is also relatively low. Simply put, it is like building an insulating barrier for our body, effectively blocking the invasion of external heat. At the same time, when our body generates heat, polylactic acid fibers can promptly dissipate this heat, keeping our body temperature within a comfortable range. Antibacterial, mite removal, allergy prevention In addition to providing coolness in the summer, polylactic acid fiber has many other amazing properties. It has natural antibacterial, anti-mite, and anti-allergic capabilities. Polylactic acid fibers are weakly acidic, similar to the pH of the skin, and can slowly release lactic acid, which helps to remove dead skin cells, promote epidermal metabolism, and aid in collagen growth. In the clothing field, the application of polylactic acid (PLA) fibers is becoming increasingly widespread. Many sports brands have launched athletic apparel containing PLA fibers, such as T-shirts, shorts, and sports underwear. These sports garments not only possess excellent sweat-wicking and quick-drying properties, allowing athletes to stay dry during exercise and improve performance, but they also offer good comfort and breathability, making athletes feel more at ease while exercising. In the home textile field, polylactic acid (PLA) fiber also performs excellently. Quilts made from PLA fiber have good warmth retention and breathability, keeping you warm and comfortable in winter and preventing stuffiness in summer. Additionally, the natural antibacterial properties of PLA fiber help keep the quilt clean and hygienic, reducing the growth of dust mites, making it particularly suitable for individuals with allergies. How to choose products made of polylactic acid fiber When selecting products made from polylactic acid fiber, we can confirm by checking the product label. Generally, legitimate products will clearly state the composition on the label, and those containing polylactic acid fiber will be explicitly marked as "Polylactic Acid (PLA)" or "Corn Fiber" (polylactic acid fiber is also commonly referred to as corn fiber). Additionally, we can feel the texture of the product by touch and observation. Polylactic acid fiber products typically have a soft, smooth feel, and the fabric has a certain degree of luster. Although polylactic acid fibers have many advantages, they are not without flaws. Currently, the price of polylactic acid fiber products is relatively high, which somewhat limits their popularity. However, with the continuous advancement of technology and the expansion of production scale, it is believed that in the near future, the prices of polylactic acid fiber products will become more affordable, allowing more people to enjoy the comfort and health benefits they bring.

On July 15, the first phase of the ultra-high purity high molecular weight polyethylene (UHMWPE) project (140,000 tons/year) at Puxin Crystal New Energy Materials (Shanghai) Co., Ltd. in the Shanghai Chemical Industry Park achieved mechanical completion. The project successfully completed the handover, and all construction, installation, and static testing have been successfully completed, officially entering the preparation stage for production, laying a solid foundation for the comprehensive completion and high-quality production of the project. Image source: Puxin Crystal Zhuansu Shijie has discovered that there has been a phenomenon of numerous UHMWPE projects being launched intensively this year. So why is this happening? What UHMWPE projects will be launched in China by 2025? What is the planned production capacity? Zhuansu Shijie will take you to analyze the evolution of production capacity and the competitive landscape in this popular material field. One,Why UHMWPE"Become""Hotcake"？ Ultra-high molecular weight polyethylene (UHMWPE) is an exceptional engineering plastic with a molecular weight typically exceeding 1.5 million, which is dozens of times higher than that of ordinary polyethylene. This unique molecular structure endows it with extraordinary wear resistance, high impact strength, excellent self-lubricating properties, and resistance to chemical corrosion, making it an indispensable key material in high-end fields such as aerospace, national defense and military industry, and marine engineering. According to the "Key Technology Roadmap for <Made in China 2025>" released by the National Manufacturing Power Construction Strategy Advisory Committee, ultra-high molecular weight polyethylene fibers and their composite materials have been explicitly identified as key development targets, highlighting their strategic national importance. On May 30, 2024, the Ministry of Commerce, the General Administration of Customs, and the Equipment Development Department of the Central Military Commission jointly announced the implementation of export controls on items related to ultra-high molecular weight polyethylene (UHMWPE) fibers. The release of policy dividends quickly ignited investment enthusiasm in the industry, prompting domestic companies to accelerate the layout of UHMWPE production capacity and initiate a new wave of expansion. The explosive growth of market demand is another important factor driving the expansion of the UHMWPE industry. With the rapid development of the new energy industry, the demand for ultra-high purity UHMWPE in lithium battery separators has grown exponentially; the upgrading of the semiconductor industry has raised higher requirements for high-purity filtration materials in the chip manufacturing process; the healthcare sector continues to elevate quality standards for medical materials such as artificial joints and sutures. These high-end application fields together constitute the UHMWPE market.​Golden Track​Attract capital and technology to gather quickly. According to industry statistics, the average annual growth rate of China's apparent consumption of UHMWPE from 2020 to 2024 will remain above 15%, far exceeding the growth rate of ordinary plastic materials. However, at the same time, high-end application fields still heavily rely on imports, especially for lithium battery separator grade, chip grade, and medical grade UHMWPE, where the dependence on imports is as high as over 60%. This supply-demand contradiction provides a huge market opportunity for domestic enterprises and explains the recent phenomenon of numerous UHMWPE projects being launched intensively. Domestic UHMWPELatest progress in capacity construction The current domestic UHMWPE project construction shows​​Blossom in multiple places​In this situation, various market entities such as state-owned enterprises, private enterprises, and joint ventures are all joining this sector, with a noticeable acceleration in capacity expansion. In terms of regional distribution, projects are mainly concentrated in East China, Northeast China, and Northwest China, forming an industrial pattern with Shanghai as the technology innovation center and production bases in places like Liaoning, Shaanxi, and Ningxia. Puxin Crystal New Energy Materials (Shanghai) Co., Ltd.​Ultra-high purity high molecular weight polyethylene project​Without a doubt, it is the focus of the industry in recent times. On July 15, 2025, the company's first phase project in Jinshan District, Shanghai, with an annual capacity of 140,000 tons, successfully achieved mechanical completion, marking the completion of a key construction milestone for this major project with a total investment of 2.25 billion yuan. Since the project's start on June 28, 2024, the entire process from civil construction to equipment installation was completed in just 383 days, setting a new record for construction speed in the industry. Even more noteworthy is that the Polycrystalline Project adopted ...​Independently developed ultra-high purity slurry method technology​The products produced by introducing advanced equipment from Germany and Japan have significant characteristics such as high purity, high molecular weight, and high consistency, directly aligning with the highest international standards. The strategic positioning of the Polyene Crystal project is very clear—focusing on three high-end application areas: lithium battery separators, high-end filter materials for chips, and medical materials, addressing the long-standing challenges faced in these fields.​Import dependence​The company has innovatively built an "8-hour rapid response" supply network covering Jiangsu, Zhejiang, Shanghai, and Anhui. Through a clean three-dimensional warehouse with a capacity of 15,000 tons and an intelligent storage system, the traditional 15-day supply cycle has been compressed to 8 hours, achieving a supply chain revolution of "zero inventory + rapid delivery." This model not only saves downstream enterprises tens of millions in self-built storage investments but also significantly reduces overall supply chain costs. The base is equipped with a 100,000-level clean space, precisely matching the extreme requirements for "ultra-clean and high-purity" polymer materials in the fields of chips, new energy, and medical materials. In addition to the polyolefin crystal project, several important UHMWPE projects made breakthrough progress in the first half of 2025. 1China Chemical 5Ten thousand tons of UHMWPESmooth handover On May 30th, the groundbreaking ceremony for the 50,000-ton-per-year ultra-high molecular weight polyethylene resin project (Phase I), invested and constructed by China Chemical City Investment Company, was successfully held, marking the project’s full transition into the pre-commissioning phase for trial production. The project commenced construction in October 2023. Image source: Chinese ChemistryThe total investment of the project is 830 million yuan, planning to build 2 sets of ultra-high molecular weight polyethylene resin production units, with an annual capacity of 20,000 tons and 30,000 tons respectively. According to the plan, the project will officially start production in August this year. Its main products include fibers, lithium battery separators, pipe and plate materials, and special-shaped materials, with a wide range of applications. There is a broad market prospect in various industries such as aerospace, national defense and military, marine engineering, rail transportation, municipal construction, petrochemicals, new energy materials, and pharmaceuticals. It is worth mentioning that this project adopts advanced process technology routes with independent intellectual property rights from China National Chemical Corporation. This technology, centered on efficient catalysts, can precisely control the molecular weight of the polymer. Combined with the batch slurry polymerization process and unique stirring technology along with external circulation cooling methods, it effectively addresses the issue of material sticking to the reactor, achieving a high degree of stability in product quality, with some performance indicators even surpassing those of imported products. 2Pujie Energy Chemical 4ten thousand tonsYear UHMWPEThe installation engineering project has fully entered the sprint stage. In May, Pujie Chemical's 40,000-ton/year ultra-high molecular weight polyethylene plant uses the ultra-high molecular weight polyethylene technology developed in cooperation with the Shanghai Institute of Organic Chemistry, Chinese Academy of Sciences, and Sinopec Shanghai Engineering Company. It utilizes ethylene and hydrogen as raw materials, hexane as a solvent, and employs efficient catalysts to produce various grades of ultra-high molecular weight polyethylene by changing operating conditions, with an annual output of up to 40,000 tons. 3Liaoyang Petrochemical Expansion UHMWPEProject approved On April 29, the approval announcement for the capacity expansion and renovation project of LiaoYang Petrochemical's 40,000 tons/year ultra-high molecular weight polyethylene (UHMWPE) facility was released. The total investment for this project is 211 million yuan, which will upgrade and expand the existing 70,000 tons/year polyethylene facility (A/B lines). The A line equipment remains unchanged, while only the B line equipment will undergo partial modifications. After the modifications, the production capacity of B line will increase from 35,000 tons/year to 40,000 tons/year, while also transitioning to the production of ultra-high molecular weight polyethylene products, along with the complete improvement of relevant utility and auxiliary facilities. In recent years, Liaoyang Petrochemical has intensified its efforts to develop high-quality ultra-high molecular weight polyethylene specialized products, with molecular weights reaching 1.5 million to 6 million. This has achieved full coverage and series production from ordinary pipe extrusion grades, sheet grades, and high wear-resistant pipes to high-modulus, high-strength, and fiber grades. 4China Petroleum & Chemical Corporation's special fiber project has started construction, with an annual output of 4,000.Tons of UHMWPE On May 18, the Sinopec special fiber project commenced construction at the Ningdong base, with a total investment of 5 billion yuan and an area of 950 acres. The project will be constructed in two phases according to the principle of overall planning and phased implementation. Phase I will have an annual production capacity of 4,000 tons of ultra-high molecular weight polyethylene fibers and 4,000 tons of para-aramid production facilities along with supporting auxiliary facilities, with plans to be completed and put into operation by March 2027. 5Lanzhou Petrochemical 10Ten thousand tons of UHMWPEDevice process package delivery On January 17, Lanzhou Petrochemical held a handover ceremony for the process design package of the ethylene transformation and upgrade project, including 400,000 tons/year multi-zone polymerized polypropylene and 450,000 tons/year gas-phase polyethylene.10ten thousand tonsUltra-high molecular weight polyethyleneThe completion of the handover of 3 sets of independent technology process packages from the Technology Innovation Center to the Ethylene Transformation Project Management Department marks the official transition of the polyolefin main project of the transformation and upgrading ethylene modification project from feasibility research to design and implementation. The UHMWPE transformation plan is to retrofit the existing 170,000 tons/year high-density polyethylene plant into a 60,000 tons/year ultra-high molecular weight polyethylene plant, increasing the production of ultra-high molecular weight polyethylene by 50,000 tons/year. 6"4 at the dock"Disclosure of the adjustment plan for the ten-thousand-ton-per-year ultra-high molecular weight polyethylene project On May 31, the adjustment plan for the new material industry park project (40,000 tons per year ultra-high molecular weight polyethylene) located at No. 66 Gangxing Avenue, constructed by Qingdao Chengzhi Huqing Chemical New Materials Co., Ltd., was announced. Due to market changes and adjustments in the company's macro layout, there have been changes in raw material supply, steam sources, and environmental protection projects. Additionally, changes in waste gas treatment measures have resulted in an increase in the emissions of major pollutants. Image source: Qingdao Chengzhi Huaqing Chemical Co., Ltd. The total investment of the project is 2,352.75 million yuan, covering an area of 528 acres. It is currently in the main construction phase and is expected to be operational by the end of 2025. It is reported that the first phase of the project plans to build a production line for 200,000 tons of polyolefin elastomer (POE) and a production line for 40,000 tons of ultra-high molecular weight polyethylene (UHMWPE) annually. Once completed and reaching full production, it is expected to generate an annual output value of 4 billion yuan and a profit of 700 million yuan. Three, UHMWPEPlanned production capacity and market structure Let's take another look at the production capacity situation. As of April 2025, domestically...UHMWPEThe total existing production capacity is approximately 270,000 tons per year, with 320,000 tons under construction and an additional planned new capacity of about 480,000 tons per year. Data sources: Guanyan World, China Chemical Information Magazine, Huachuang Securities; Mapping: Zhuansuliujie Among them, Tianjin Petrochemical and Yulong Petrochemical both have an annual production capacity of 100,000 tons; Lanzhou Petrochemical and Shenghong Petrochemical have planned capacities exceeding 100,000 tons, with the latter's planned capacity reaching 150,000 tons, making it relatively prominent among the planned projects. The East China region is the area with the most concentrated production capacity, with numerous enterprises gathered in Jiangsu (Nanjing, Lianyungang), Anhui (Huainan, Anqing), and Shanghai. This region has a strong chemical industry foundation and a well-developed industrial chain. In contrast, the South China region has relatively fewer manufacturing enterprises. In terms of market size, the global ultra-high molecular weight polyethylene resin market is expected to reach USD 6.31 billion by 2030, with a compound annual growth rate of 15.8% from 2025 to 2030. According to GYR's statistics and forecasts, the market size for ultra-high molecular weight polyethylene fiber is expected to be USD 1.035 billion in 2023. From the release of policy dividends to the explosion of market demand, ultra-high molecular weight polyethylene (UHMWPE) is unprecedented development opportunities. The intensive capacity projects launched by domestic enterprises are not only a precise response to the pain point of "dependence on high-end material imports," but also mark China's leap from "catching up" to "running alongside" and even "leading" in this strategic material field. With the commissioning of projects such as the 140,000-ton polyolefin crystal project by Puxin and the 50,000-ton project by China National Chemical Corporation, as well as the accelerated progress of 100,000-ton projects under construction at Tianjin Petrochemical and Yulong Petrochemical, and the layout of Shenghong Petrochemical's planned capacity of 150,000 tons, the capacity structure of domestic UHMWPE will achieve optimization from "excess of general materials" to "breakthrough in high-end materials." In the future, in core fields such as lithium battery separators, chip filter materials, and medical materials, domestic UHMWPE is expected to gradually replace imports and fill the gaps in the industrial chain.   Editor: Lily Material sources: Zhuangsu Shijie, China Chemical Information Weekly, Polyolefin People and other public reports.

The space for differentiation in the main materials of outdoor footwear and clothing with the same positioning is becoming increasingly small. Decorative elements can become one of the carriers of differentiation. Silk screen printing Source: naturalcosmeticlabs Suitable for LOGO. Uses water-based or Plastisol ink; single or multiple color printing, followed by heat transfer for color fixing. The Nike ACG Walk Tree T-Shirt features a large natural theme print on the front, with a soft and breathable feel, making it suitable for urban outdoor mixing and matching. Source: static.nike Polyester/nylon embroidery thread, high stitch count flat embroidery or layered three-dimensional embroidery; or back hot melt film shaping. Commonly used for logos. The classic hard-shell "Arc'teryx Beta AR" front "Arcteryx" embroidery is wear-resistant and does not affect the fabric's waterproof and breathable threshold. Heat transfer label PU/TPU hot melt film, after digital printing or silk screen printing, is heat pressed at high temperatures; suitable for lightweight elastic fabrics. The Moncler reflective heat transfer badge series (such as Waffle Knit sweaters) is widely used in the urban outdoor line and maintains flexibility at low temperatures. Silicone / PVC 3D label Liquid silicone is high-temperature vulcanized or poured into PVC, allowing for a 0.8-2 mm three-dimensional layer; the back is equipped with hot melt adhesive/sewing line groove. The Columbia × Star Wars “Skywalker Pilot” ski jacket features raised silicone communication badges and branding, enhancing the sci-fi attributes while being resistant to low-temperature bending. Woven label / Flag label High-density jacquard or woven; ultrasonic cutting or ultrasonic folding at the edges, Patagonia "Ironclad Guarantee" woven label, highlighting the brand's sustainability and lifelong repair philosophy. Reflective strip / Reflective print 3M™ Scotchlite™ micro glass beads or carbon black elastic film; thermal adhesive or high-frequency pressing. Source: 3M LED/Optical Fiber Light Emitting Component Flexible PCB + LED series, optical fiber, or phosphorescent film; requires a small power module. Vollebak Solar Charged Jacket: The outer layer has a phosphorescent film that glows green in the dark for 20-30 minutes after being exposed to light, which can also serve as a positioning signal. Levi’s® Commuter Trucker × Google Jacquard: Sleeve LED dot matrix alerts for calls/navigation, and integrates capacitive touch fabric. Customized zipper head Injection molding TPU / aluminum alloy micro sandblasting; laser engraving logo. The Arc'teryx Cerium Hoody features a lightweight TPU zipper head that maintains its toughness in low temperatures. Color-blocking splicing / Bright seam stitching Three stitches and five lines or overlock; accessory fabric color blocks. Arc'teryx X Jil Sander jacket features a large black-and-white color block design, enhancing the high street visual. Shoe lace hole / Shoe lace buckle decoration Injection molded TPU film; integrated Quick-lace. The Salomon XT-6 series features a TPU "Skin Guard" spider web overlay and quick lacing holes, balancing protection and recognition. 3D patches (shoulder, elbow, knee) Double-layer CORDURA®, with targeted bartack stitching. Commonly used in ski and ice climbing clothing, enhancing abrasion resistance and creating an outdoor functional visual language. Replaceable Velcro badge Nylon hook and loop + fabric label / PVC badge; embroidery or silicone process. Source: nivisgear Nivis Gear Protego Ski Jacket has sleeves with embedded Velcro, allowing for the exchange of national flags or team badges. Hook and loop / Climbing buckle 6 series aluminum alloy or injection molded POM; webbing loop. Commonly found on backpack shoulder straps and D-Rings on the chest of jackets, used for hanging water bottles, gloves, lights, etc. Source: popularairsoft Outdoor footwear and clothing accessories can be combined with environmental scenarios (night running / snow mountains / urban commuting) and brand tone (minimalist functionality / outdoor fashion) to undertake a multi-dimensional role of "function + experience + brand story." Interested product developers can flexibly mix and match the above materials and craftsmanship to achieve a differentiated appearance while ensuring durability and safety.

Recently, foreign media reported that the V-280 Valor tiltrotor aircraft developed by Bell in the United States is set to enter mass production and be deployed to troops, becoming the world's second tiltrotor aircraft to enter service. This aviation vehicle, referred to as an "aerial hybrid," combines the advantages of helicopters and fixed-wing aircraft—it can take off and land vertically, hover in the air, and fly at high speeds. Its core feature is the fixed-wing design, with rotors at the tips that can rotate between horizontal and vertical positions: when taking off or hovering, the rotors rotate horizontally to generate lift; after reaching a certain altitude and speed, the rotors flip forward 90 degrees to provide forward thrust like a propeller. Bell's V-280 Valor tiltrotor aircraft I. Development Context: Four-Stage Evolution The development of tiltrotor aircraft is represented by products from Bell Helicopter in the United States and has gone through four stages: • Principle verification stage (1950s-1960s): Using a dual-blade semi-rigid rotor and piston engine, there were issues such as insufficient power and poor stability, only serving as concept verification. For example, the XV-3 prototype had a maximum speed of 200 kilometers per hour and the tests were terminated due to an accident. • Test flight breakthrough stage (late 1970s to late 1980s): switched to a three-blade rigid rotor and turbine engine, significantly increased cruising speed, overcame the issue of tilt transition power balance, completed carrier-based and refueling tests, with the XV-15 reaching a maximum speed of 615 kilometers per hour. • Scale service stage (1989-2017): Continuous technological improvements, adopting high-power turbo-shaft engines and coupling systems, significantly enhancing payload capacity. The V-22, based on the XV-15 prototype, has a maximum payload of about 10 tons (four times that of the prototype) and was officially commissioned by the U.S. military in 2007. • Structural upgrade phase (2017 to present): represented by the V-280, using the "fixed engine, tilting rotor" mode, optimizing structure to enhance stability, reducing the damage of high-temperature airflow to the ground, and awarded a military procurement contract in 2022. Unique Value: Filling Capability Gaps Compared with conventional fixed-wing aircraft, tiltrotor aircraft do not rely on runways and can take off and land vertically in confined spaces, hover, and precisely deliver personnel and equipment; compared to helicopters, they have a cruising speed of over 500 kilometers per hour, a combat radius of over 700 kilometers (about twice that of a general-purpose helicopter), and a payload capacity exceeding 10 tons, capable of carrying approximately 20 armed soldiers, significantly enhancing combat efficiency. It is not a replacement for existing models, but rather fills the gap between the two: amphibious assaults can quickly deploy troops from aircraft carriers, special operations can infiltrate at low altitude and high speed with stealth, and precision delivery can be accomplished through winches or aerial descent. It holds great practical value in modern warfare. Three, Future Directions: Technological Breakthroughs and Leaps To address the issues of complex power transmission systems and poor environmental adaptability, the next generation of tiltrotor aircraft will achieve three major breakthroughs: - Adopting hybrid electric technology, simplifying the transmission system, enhancing reliability, and allowing flexible switching of power modes (using "hybrid power" for vertical takeoff and landing, "fuel" for cruising, and "pure electric drive" for enhanced survivability during penetration). The rotor can be rotated to any angle, achieving complex maneuvers such as low-altitude hovering and lateral translation shooting, expanding the tactical application range. - Develop tilt-rotor drones that do not need to consider the physiological limits of pilots, capable of executing reconnaissance and strike missions for extended durations, or serving as "loyal wingmen." In the future, with the continuous integration of technology, the role of tiltrotor aircraft is worth.

Zhejiang Yuyao's total subsidy reaches 200 yuan per mu; Inner Mongolia Chifeng City's Ningcheng County subsidy reaches 170 yuan per mu; Shandong Guanquan County subsidy is 168 yuan per mu; Guizhou Province Yuqing County subsidy is 90 yuan per mu. Biodegradable film, as a key material to tackle the "white pollution" in farmland and promote green agricultural development, has always been guided and supported by policies and funding in its research, production, and application. In recent years, China has established a policy system that integrates national coordination and local implementation, with supporting funds forming a complete chain of support from scientific research breakthroughs to application promotion, laying a solid foundation for the large-scale application of biodegradable film. 1. National Policy System: From Legal Protection to Standard Norms At the national level, a comprehensive policy framework is established through laws and regulations as well as special plans, which not only clarifies the development direction but also standardizes market order, providing institutional guarantees for the development of biodegradable films. In terms of laws and regulations, support policies are gradually deepening. In 2016, the "Soil Pollution Prevention and Control Action Plan" first proposed to "research and formulate standards for biodegradable agricultural films," paving the way for the standardization of biodegradable film. In 2018, the "Soil Pollution Prevention and Control Law of the People's Republic of China" clearly established the legal status of "the state encourages and supports the use of biodegradable agricultural films" in legal form. In 2020, the "Management Measures for Agricultural Film" further regulated the market, clearly stating that "the production, sale, and use of agricultural films that do not meet mandatory standards are prohibited, and the production and use of fully biodegradable agricultural films are encouraged and supported." It also requires the establishment of a production and sales ledger and a traceability system. In 2023, the Ministry of Agriculture and Rural Affairs, in conjunction with the State Administration for Market Regulation and three other departments, issued a notice on "Further Strengthening the Regulatory Enforcement of Agricultural Film," deploying the investigation and handling of illegal activities related to non-standard agricultural film, in order to block the entry of inferior products into farmland from the source. In addition, the central government's "No. 1 Document" in 2021 and 2022 repeatedly proposed "strengthening the research and promotion of biodegradable agricultural film" and "increasing the promotion of fully biodegradable plastic film," incorporating it into key agricultural work. In terms of standard specifications, the country imposes dual standards to regulate product quality. The current national standard "Fully Biodegradable Agricultural Ground Cover Film" (GB/T 35795-2017) clearly defines core indicators such as thickness, tensile properties, and biodegradation rate (which must completely degrade into CO₂, H₂O, and mineral inorganic salts under specific conditions); at the same time, the Ministry of Agriculture and Rural Affairs promotes the establishment of application technical regulations for different crops and regions, providing a basis for scientific use. 2. National funding support: from scientific research breakthroughs to application demonstrations The country provides support for the technological innovation and application promotion of biodegradable film through special research funding, demonstration project funding, and other means. In the field of scientific research tackling key challenges, the National Key R&D Program provides targeted support for breakthroughs in core technologies. The "14th Five-Year Plan" National Key R&D Program project "Creation and Industrialization of Fully Biodegradable Mulching Materials and Products" (2021YFD1700700) focuses on key technologies such as low-cost modification of core materials like PBAT and PLA, and regulation of degradation cycles. It promotes collaborative efforts among industry, academia, and research institutions, and has helped develop specialized mulching film formulations suitable for different crops such as potatoes and corn. In the application demonstration field, the central government promotes large-scale verification through special pilot projects. In 2022, the Ministry of Agriculture and Rural Affairs and the Ministry of Finance launched a pilot program for the scientific use and recovery of plastic film, aiming to promote 5 million acres of fully biodegradable film in key film usage areas. Starting from 2021, the Ministry of Agriculture and Rural Affairs has established 19 evaluation and application bases for fully biodegradable plastic film in 12 provinces (autonomous regions) including Hebei, Inner Mongolia, and Gansu, conducting field trials to verify the adaptability of different regions and crops. Data on degradation rates, soil impact, and crop yield increases are recorded through field trials to provide "replicable and promotable" practical experiences for promotion in different regions. 3. Financial subsidies: Central support and local enhancements The funding subsidy for biodegradable film adopts a model of "central fixed base, local supplementation," reducing the cost for farmers. The central government has established a basic subsidy for farmland using fully biodegradable film, with a standard of 60 yuan per mu, covering key aspects such as film procurement and application. On this basis, local governments can add additional subsidies according to actual needs (ranging from 30 to 120 yuan per mu), forming a combined support of "central + local." For example, the total subsidy in Yuyao, Zhejiang reaches 200 yuan per mu; in Ningcheng County, Chifeng City, Inner Mongolia, the subsidy reaches 170 yuan per mu; in Guanqu County, Shandong, the subsidy is 168 yuan per mu; and in Yuqing County, Guizhou Province, the subsidy is 90 yuan per mu. These differentiated subsidy policies take into account both the economic level of the region and the local demand for film usage—such as Inner Mongolia and Gansu, which are traditional provinces for film usage, accelerating the process of replacing conventional film with biodegradable film through subsidies. 4. The increase in industry scale helps reduce costs. The expansion of core raw material production capacity and the decrease in prices provide industrial support for the scaled application of biodegradable films. China’s PBAT (the core raw material for biodegradable films) production capacity is rapidly increasing and has reached 1.62 million tons per year. Companies such as Kingfa Technology, Lanshan Tunhe, Ruian Technology, Hubei Yihua, and Donghua Tianye have established large-scale production capabilities. The price of PBAT has dropped from 30,000 yuan/ton in 2021 to around 10,000 yuan/ton by 2025, directly leading to a reduction in the cost of the final application of biodegradable films, further narrowing the price gap with traditional films and creating favorable conditions for its promotion on a larger scale. From the construction of a regulatory framework based on policies and regulations, to financial subsidies that lower application thresholds, and then to industrial upgrades that drive down costs, China has formed a complete system to support the development of biodegradable plastic film. This system not only addresses the issue of "technical feasibility," but also tackles the problem of "high application costs," promoting the transition of biodegradable plastic film from "pilot demonstration" to "scaled application," and providing strong support for the green transformation of agriculture and the management of "white pollution" in farmland.

In the field of aerospace manufacturing, every breakthrough in materials technology can lead to profound changes in industry regulations. In recent years, thermoplastic composites, with their lightweight, high strength, and environmentally friendly characteristics, are gradually rewriting the traditional rules of aerospace manufacturing and becoming a key force in driving the aviation industry towards greater efficiency and sustainability. Lightweighting: Breaking Through the Bottleneck of Fuel Efficiency The weight of an aircraft's fuselage is a core factor affecting fuel efficiency. Traditional metal materials can meet strength requirements but are relatively heavy, limiting improvements in fuel economy. Thermoplastic composites achieve lightweight advantages with a density only 1/5 to 1/4 that of steel by combining reinforcing materials such as carbon fiber and glass fiber with thermoplastic resins. For example, carbon fiber reinforced PEEK material has a density of only 1.4g/cm³, yet can reach a tensile strength of 500MPa. This material characteristic allows airplanes to reduce structural weight under the same load, directly lowering fuel consumption. Data shows that for every ton of fuselage weight reduced, an aircraft can save hundreds of tons of fuel annually, consequently reducing carbon emissions. This weight reduction effect not only enhances range but also saves operating costs for airlines, making it a key breakthrough for the aviation industry in pursuing green development. High Intensity: The Possibility of Restructuring Design The mechanical properties of thermoplastic composites have the limitations of traditional materials. Their toughness comes from the fiber toughening mechanism, which can absorb impact energy, making them suitable for safety protection components. In the aerospace field, such materials have been applied to critical structural components such as leading edges of wings and sheer beams. For example, a certain type of aircraft uses thermoplastic composites to manufacture the leading edge of the wing, and the connection between the skin and the ribs is achieved through thermoplastic welding technology, which ensures structural strength while simplifying the manufacturing process. Compared with traditional riveting processes, welding technology reduces the number of fasteners, lowers structural weight, and simultaneously enhances fatigue life and damage tolerance. This design flexibility allows aircraft designers to optimize the shapes of wings and fuselage, reduce aerodynamic drag, and further improve flight efficiency. Environmental Protection: Constructing a Closed Loop of Circular Economy The environmental pressure on the aviation industry is increasing, and the recyclability of materials has become an important consideration. Traditional thermosetting composites are difficult to decompose after curing, leading to high disposal costs. In contrast, thermoplastic composites can be melted and reshaped at high temperatures, allowing discarded components to be reprocessed through heating and melting, thus achieving a closed-loop material cycle. For example, a research institution has developed a recycling process for thermoplastic composites that can produce new parts with performance close to that of virgin materials through steps like crushing and reprocessing. This recycling method not only reduces waste emissions but also lowers raw material costs. In addition, the production of thermoplastic composites does not require special storage conditions, avoiding the energy consumption associated with frozen storage and cleanroom maintenance, further enhancing their environmental advantages. Manufacturing efficiency: The engine for accelerating industrial upgrading The processing characteristics of thermoplastic composites significantly enhance manufacturing efficiency. Their molding process is a physical change, requiring no curing period, and the injection molding cycle can be shortened to 1-2 minutes, making it suitable for mass production. For example, a certain type of aircraft floor panel is integrated into a single product through the injection molding process, consolidating multiple components and reducing assembly steps. In addition, thermoplastic composites can be integrated with robots and visual inspection systems to achieve fully automated production. This automated production model not only improves production efficiency but also reduces labor costs, with the yield rate exceeding 99%. As technology matures, the manufacturing costs of thermoplastic composites will further decrease, promoting their widespread application in the aerospace field. Future Outlook: Opening a New Era in Aviation Manufacturing The application prospects of thermoplastic composite materials go far beyond this. With the development of 3D printing technology, their customized production capabilities will be further unleashed to meet the aviation industry's demand for complex structural components. For example, a research institution has successfully printed a thermoplastic composite fuselage demonstration part that is 8 meters long and 4 meters in diameter, achieving approximately a 10% reduction in structural weight and cost. Additionally, the weldability of thermoplastic composite materials provides the possibility for the integrated design of aircraft structures, potentially enabling the manufacture of rivet-free fuselages in the future. This technological breakthrough will fundamentally change the manufacturing processes in aviation, pushing the industry towards a more efficient and environmentally friendly direction. Thermoplastic composites are rewriting the rules of aerospace manufacturing with their unique advantages. From lightweight and high strength to environmental friendliness and manufacturing efficiency, these materials bring unprecedented opportunities to the aviation industry. With continuous technological advancements, thermoplastic composites are expected to achieve breakthroughs in more fields, ushering in a new era of aerospace manufacturing.

On July 15 local time, the U.S. Department of Commerce announced its final affirmative ruling on the anti-dumping (AD) and countervailing duty (CVD) investigation into Chinese hexamine. Maximum 825.92% exorbitant tariff The final ruling sets the anti-dumping duty rate for Chinese producers/exporters at 405.19% (with the margin adjusted to 394.65% after offsetting subsidies), and this rate is a uniform national rate for China. The subsidy tax rate for Chinese producers/exporters is 420.73%, which is also the national uniform rate in China. The combined rate of the anti-dumping tax and the subsidy tax rate reaches as high as 825.92%. According to the relevant legal procedures announced by the U.S. Department of Commerce, the U.S. International Trade Commission (ITC) will make a final ruling on anti-dumping industry damage on August 28, 2025. In addition, on July 14, the U.S. Department of Commerce announced a preliminary anti-dumping ruling on erythritol imported from China, with a preliminary determination that the dumping margin for Chinese producers/exporters is 371.62% (the adjusted margin after offsetting subsidies is 371.53%), and the national unified tax rate for China is 450.64% (the adjusted margin after offsetting subsidies is 450.64%). Trump: Continue sending tariff letters On July 15, U.S. President Trump stated that he plans to impose tariffs of more than 10% on smaller countries, including those in Africa and the Caribbean. On that day, Trump gave an interview to the media at Andrews Air Force Base, saying, "For this segment of the population, every country will be the same." These countries "are not major powers and have a small trade volume with us." He indicated that he might impose tariffs "slightly above 10%" on goods from at least 100 countries. On the same day, U.S. President Trump announced on social media that the United States would impose a 19% tariff on all imports from Indonesia, while exports from the U.S. to Indonesia would enjoy tariff-free and non-tariff barrier treatment. According to reports, Trump stated that after talks with Indonesian President Prabowo, both sides reached an important agreement. Under this "milestone agreement," Indonesia "opens its entire market to the United States for the first time." Trump recently sent letters to the leaders of more than 20 trading partners, stating that starting from August 1, he will impose tariffs ranging from 20% to 50% on these trading partners. Tariff revenue exceeds 100 billion USD. On July 11, according to data from the U.S. Treasury, the government recorded a fiscal surplus of over $27 billion in June, in sharp contrast to the $316 billion deficit in May. This is the first fiscal surplus for the U.S. government in June since 2017. Nevertheless, the cumulative deficit for the fiscal year so far still stands at $1.34 trillion. This transformation is mainly due to the sharp increase in fiscal revenue, especially from tariff income. In June, the total customs tariff reached approximately 27 billion USD, an increase of 17% compared to 23 billion USD in May, and a staggering 301% increase compared to the same period last year. So far this fiscal year, tariff revenue has reached 113 billion USD, an 86% increase compared to the same period last year, setting a record high for a single fiscal year. During a cabinet meeting earlier this week, Treasury Secretary Becerra stated that tariff revenue in the United States is expected to reach $300 billion in the calendar year 2025. This forecast is based on the strong performance of tariff revenue so far this year and the ongoing trade protection policies implemented by the Trump administration.

A shirt made of polyester fabric actually comes from recycled mineral water bottles. The garment features a rich variety of patterns and is comfortable to wear. This eco-friendly garment manufacturing technology has been widely adopted by Lutai Textile. "Well-known international brands like Burberry and Armani have established strategic partnerships with us. Burberry sources 90% of its shirt fabrics and trench coat linings from us. The market share of mid to high-end colored woven fabrics in export markets accounts for over 18% of the global market." Recently, the "Strengthening the Supply Chain to Benefit Enterprises · Quality Enjoyment in Shandong" media group visited the company’s processing plant to gain insights into the green technology products launched by Lutai Textile, such as recycled polyester and recycled cotton. This series of products achieves resource recycling and biodegradability, effectively protecting the environment while realizing zero waste and low carbon emissions, successfully addressing the environmental challenges faced by the textile industry and reducing energy consumption. Walk into the production workshop. In the factory area, the interview team observed that in the clean and bright workshop, dozens of small weaving machines were operating in an orderly manner. Each machine was equipped with a computer on its right side, displaying pattern designs and other data, while on the left side, automated "hands" were gradually forming different fabric samples with "every stitch and every thread." The entire cycle, including color yarn formulation, weaving process, and finishing inspection, could be completed in an average of five days. Lutai Group's current main products are closely aligned with the industrial positioning of "technology, fashion, and green." They have launched new products such as BlueECO-Mist, comfortable wrinkle-free, and Printedyarn. According to reports, the BlueECO-Mist series uses a salt-free and alkali-free environmentally friendly dyeing process, resulting in less pollution discharge, and the fabric mimics the effects of denim and dyed cotton yarn; the comfortable wrinkle-free series imparts a softer feel to the fabric, offering higher wearing comfort; the Printedyarn series utilizes various cellulose fibers, such as hemp, Tencel, and modal, and can process various high, medium, and low count yarns, especially excelling in high count yarns. The entire production process is green and environmentally friendly, reducing water and chemical additives usage, achieving salt-free dyeing. "In the process of setting carbon reduction targets in the textile industry, we have incorporated the added value of products into our considerations. At the same time, we strengthen the high-value utilization of old textiles, establish a comprehensive recycling, processing, and certification system for regenerated materials, and enhance standardized management within the industry to reduce environmental pollution," said Li Wenji, Deputy General Manager of Lutai Textile Co., Ltd. The company has received positive market feedback for its innovative research and development of self-cleaning fabrics, polar white fabrics, and cross-border knitting. In recent years, Lutai Textile has focused on tackling HCP green non-iron technology to create more wrinkle-resistant high-end fabrics. Additionally, leveraging the advantages of technological innovation across the entire industry chain, we have developed regenerated cotton, achieving zero waste and low carbon, effectively addressing the environmental challenges in the textile industry and saving energy and reducing consumption. Recycling Technology Series Taking recycled polyester as an example, its raw materials come from recycled mineral water bottles. The company compresses the sorted mineral water bottles into bricks, which are then transported to the rough processing workshop. In the rough processing enterprise, the bottles undergo cleaning, crushing, separation, and drying steps, transforming into white flakes. Next, the workshop workers treat the flakes through a series of techniques to produce yarn, which is then woven to create recycled fabric. Nowadays, the series of products using recycling technology have obtained GRS (Global Recycled Standard) certification. The production process is environmentally friendly and can effectively protect soil and marine environments, saving nearly 80% of energy compared to conventional polyester production. Recycled cotton products utilize fabric scraps from recycling companies, achieving resource recycling and biodegradability, effectively protecting the environment. The four-way stretch knitted series features richer patterns and textures, combining comfort with a sense of fashion. "According to estimates, every ton of recycled cotton can save 1,600 tons of water, 1,800 kilowatt-hours of electricity, reduce arable land by about 10 acres, and decrease the use of fertilizers and pesticides by approximately 32 tons," Li Wenji introduced. Thanks to breakthroughs in recycling technology, Lutai Textile's production and operational performance has consistently ranked among the top in the national textile industry. The company has been the top in China’s main business revenue for color woven fabrics for seventeen consecutive years, and it holds the largest market share in the mid-to-high-end color woven fabric market globally. Lutai has been recognized as a high-tech enterprise, a national industrial design center, a national enterprise technology center, and a CNAS national recognized laboratory, and is a "demonstration enterprise for champions in single-item manufacturing."

On July 14, 2025, Jinpu Titanium Industry announced that it plans to acquire 100% of the equity of Nanjing Lide Oriental Rubber and Plastic Technology Co., Ltd. (hereinafter referred to as "Lide Oriental") through a major asset swap, issuance of shares, and cash payment, while also raising matching funds. This transaction marks Jinpu Titanium Industry's strategic exit from the titanium dioxide industry, with its main business changing to rubber products. Current Status and Challenges of Titanium Dioxide Business Since July 2013, Jinfeng Titanium Industry's main business has been the production and sales of titanium dioxide. As one of the earliest domestic producers of titanium dioxide using the sulfuric acid method, its "Nannan" brand trademark is well-known nationwide, and its products are widely used in coatings, plastic pipes and profiles, masterbatches, and papermaking, among other fields. However, in recent years, the industry has faced environmental pressure and overcapacity issues, coupled with weak demand in the titanium dioxide market, fluctuations in raw material prices, and high energy costs, leading to the company suffering losses for three consecutive years. In the first half of 2025, the company expects to achieve a net loss attributable to shareholders of the listed company of 160 million to 186 million yuan, a year-on-year decline of 700% to 830%. In 2024, the company's revenue was 2.133 billion yuan, a year-on-year decline of 5.86%; the net profit attributable to the parent company was a loss of 244 million yuan, a year-on-year decline of 39.81%. (Kinpo Titanium Industry 2025 Half-Year Performance Forecast) Attempts and Terminations in the New Energy Sector In response to the difficulties in its main business, Jinfeng Titanium Industry once attempted to enter the new energy sector. Relying on the production of iron(II) sulfate as a byproduct of titanium dioxide to prepare iron phosphate, forming a "titanium dioxide + lithium battery materials" dual-driven model. However, in April 2025, the company announced that, after comprehensive consideration of the financial status of its wholly-owned subsidiary Nanjing Titanium Dioxide and the suspended status of the iron phosphate project, it decided to terminate the plan to jointly invest in the establishment of the joint venture company Gansu Jinlin Lithium Battery New Materials Co., Ltd. with Lanzhou Jinchuan Science and Technology Park Co., Ltd. and Gansu Nickel Capital Industry Investment Fund Partnership, completely withdrawing from the 200,000 tons/year iron phosphate project. According to the announcement, Jinpu Titanium Industry plans to exchange part of the assets and all liabilities held by its subsidiaries Nanjing Titanium White, Xuzhou Titanium White, and Jinpu Supply Chain with the equivalent portion of the 91% equity stake in Lide Oriental held by Jinpu Dongyu. At the same time, the company intends to issue shares and pay cash to Jinpu Dongyu and Hengyutaihe to purchase 100% equity of Lide Dongfang held by them and the difference in the disposed assets. Lide Dongfang Business and Financial Overview Lide East has a registered capital of 200 million yuan and was founded in 2011. Its history can be traced back to the 415 Factory of the Logistics Department of the East China Military Region, established in 1949, and has undergone multiple reorganizations and name changes since then. The company is now an important research and production base for automotive brake hoses in China and is the designated supplier of hydraulic brake hose assemblies for national major celebration parades. Customer coverage: In the automotive field, the customers include domestic brand manufacturers such as FAW, Dongfeng, SAIC, GAC, BYD, Changan, Great Wall, Geely, Chery, Silis, Leap Motor, Jiangling, JAC, and Xiaopeng, as well as joint venture brand customers like Nissan, Honda, Toyota, General Motors, and Ford. Financial data: In the first three quarters of 2024, Lide Dongfang's revenue was 810 million yuan, and the net profit was 85.5257 million yuan. As of the end of the third quarter of 2024, Lide Dongfang's total assets amounted to 1.196 billion yuan, and net assets were 723 million yuan. Actual controller relationship and strategic significance: According to information from the Color Masterbatch Industry Network, the actual controller of Lid Oriental, Guo Yantong, is the second daughter of Guo Jindong, the actual controller of Jinpu Titanium Industry. After the completion of this transaction, Lide Dongfang will become a wholly-owned subsidiary of Jinpu Titanium Industry. The company's main business will change to the rubber products industry, with primary products including rubber hoses, seals, shock absorbers, and other rubber products. According to official data, in the first half of 2025, China's automobile production and sales both surpassed 15 million for the first time, reaching 15.621 million and 15.653 million units, respectively, with year-on-year growth of 12.5% and 11.4%.

Recently, the Jinan Ecological Environment Bureau announced the acceptance of the environmental impact report for the project of Shandong Feiste Biological Technology Co., Ltd. to produce 100,000 tons of superabsorbent resin and water-blocking agents annually. Superabsorbent polymers, as a key basic chemical material, are mainly used in the hygiene sector, special chemical additives, and related emerging applications, having a solid application foundation and continuous growth momentum in both global and Chinese markets. Currently, the core contradiction in the market lies in the coexistence of huge basic production capacity and insufficient supply of mid-to-high-end products. Under the strong drive of national green transformation policies and the explosive demand from strategic emerging industries such as new energy, the focus on the research and production projects of high-performance, specialized, and environmentally friendly superabsorbent polymers is ushering in an unprecedented strategic opportunity period. The project aims to seize three core opportunities: import substitution, industrial upgrading, and emerging demand, through technological innovation and precise positioning, to carve out a high-growth, high-value blue ocean in a fiercely competitive market, achieving economic and social value. Therefore, in order to seize market opportunities and further expand the market, the construction unit plans to invest 130 million yuan to build a project with an annual production capacity of 100,000 tons of superabsorbent resin and water-blocking agents. After the project is completed, it is expected to produce 100,000 tons of superabsorbent resin and water-blocking agents annually. Project Overview Project Name: Shandong Feiste Biotechnology Co., Ltd. Annual Production of 100,000 Tons of Superabsorbent Resin and Water-Blocking Agent Project Construction Unit: Shandong Feiste Biotechnology Co., Ltd. Construction nature: new construction Construction location: Chemical Additive Industrial Park, Kouzhen Street, Laiwu District, Jinan City, Shandong Province Construction scale: annual production of 100,000 tons of superabsorbent resin and water-blocking agent Project construction content: The total area of the project plant covers 96 acres, of which this project occupies about 30.2 acres (about 20,133 square meters). This project will build a production workshop for highly absorbent resin and water-blocking agent, a heat-conducting oil furnace room, a transformer substation, and two independent storage tank areas. Five production lines of corresponding equipment for highly absorbent resin will be purchased to achieve an annual output of 100,000 tons of highly absorbent resin and water-blocking agent products. Project Investment: This project plans to invest 130 million yuan, of which approximately 2 million yuan is for environmental protection. Company Profile Shandong Fist Biological Technology Co., Ltd. is located in the Chemical Additives Industrial Park of Koutown Street, Laiwu District, Jinan City, Shandong Province, west of Laicheng Avenue, south of Huitong West Road, and north of Gude West Road, covering an area of 64,153 m². The company was established on April 1, 2024, with a registered capital of 15 million yuan. The main business scope of the company includes: research and development of bio-chemical products technology; manufacturing of synthetic materials (excluding hazardous chemicals); sales of synthetic materials; technical services, technical development, technical consulting, technical exchange, technical transfer, and technical promotion. (Except for projects that are legally required to be approved, the company operates independently according to its business license.)