Gelonghui, Feb. 6 | Putailai (603659.SH) recently said during a survey receiving institutional investors that in 2023, the company's base film business has formed a production capacity of 600 million square meters, and has now completed product certification and mass supply for major downstream customers; starting in the second quarter of 2024, Sichuan Zhuoqin Phase II will gradually complete the installation and commissioning of 6-8 new production lines. The breadth, speed, and degree of automation of the company's newly built base film production line are in a leading position in the industry; on the other hand, the company is committed to localizing base film production line equipment and continuously improving the cost advantages and production efficiency of base film equipment.
Therefore, in the context where base film prices are likely to continue to decline, the company's base film products will still have strong cost competitiveness. In addition, the company's base film business and coating business have a good synergy effect. Improving the base film self-sufficiency rate can meet the needs of customers for integrated base film and coating orders, which is beneficial for the company to expand overseas customer markets.