On December 13, the research minutes released by Lianrui New Materials showed that the company's product shipments are generally stable and rising, with a positive trend. In terms of product sales market, in addition to sales in mainland China, the company's products are also sold in Japan, South Korea, the United States, Southeast Asia, Taiwan and other countries and regions. The company has established close cooperative relations with many well-known domestic and foreign customers. In the first three quarters of this year, orders for spherical alumina powder from related industries showed a continuous growth trend.
The increase in product sales is mainly due to the fact that Lianrui New Materials' R&D and quality systems have effectively adapted to market development trends and grasped customer needs. Through nearly 40 years of R&D experience and technology accumulation, the company has established long-term and trusting cooperative relationships with customers in various industries. In particular, the results of new products developed in recent years to address the pain points of customers in the industrial chain have begun to be released, achieving all-round growth in supply to customers in multiple industries, at home and abroad, and at home and abroad. As always, the company insists on quality as the foundation, market-oriented, customer-centric, rapid response to customer needs, continuous optimization of resource allocation to serve customers, rapid and accurate identification of customer needs, and recommendation of competitive products and solutions.
In terms of the corresponding customer product series, Lianrui New Materials currently has three series of spherical alumina, namely conventional series spherical alumina, low sodium series spherical alumina and high thermal conductivity series spherical alumina. In terms of product use, it has been divided into thermal conductive gaskets, thermal conductive silicone grease and thermal conductive gel, high thermal conductive plastic sealing materials, thermal conductive plastics, aluminum substrates and other aspects.
It is understood that Lianrui New Materials has established a research and development system that focuses on the research and development of future products, the process technology development of existing products, and application research. In addition to establishing a first-level departmental research and development team, the company has also long insisted on industry-university-research cooperation with colleges and universities, and hired senior industry experts from home and abroad to join the research and development team for product research and development. Through continuous R&D investment and technological innovation, the company focuses on the development and application of new technologies, new materials, and new processes, and is committed to building the company into a global leading supplier of functional powder material application solutions.
Regarding the production capacity planning of spherical products, Lianrui New Materials said that the company has continuously met the market demand through order configuration and production line optimization. At the same time, combined with the development trend of the downstream industry and the strong demand of downstream customers, the company continues to accelerate the investment and construction of spherical powder production lines. The subsidiary's electronic-grade new functional material project is expected to be put into production in the fourth quarter of this year, and the 15,000-ton spherical powder production line construction project for high-end chip packaging will be put into production in the fourth quarter of next year.
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