Chongqing Polycomp International Corporation

Chongqing Polycomp International Corporation (CPIC) is a high-tech enterprise established in 1991 and operates as a key subsidiary of Yuntianhua Group. The company specializes in the research and development, production, and sales of fiberglass and composite materials. CPIC is dedicated to creating high-performance products that emphasize stable quality and continuous innovation, serving a diverse range of industries including clean energy, automotive, aerospace, and construction. CPIC's operations are supported by seven production bases and 17 fiberglass tank furnace production lines, with an annual production capacity exceeding 1.2 million tons. The company focuses on several strategic business lines, including wind power, thermosets, thermoplastics, electronics, overseas operations, and composites. By leveraging advanced technologies and a global marketing network, CPIC aims to enhance its competitiveness in the fiberglass market. The company emphasizes innovation and has established various research and development platforms to support its commitment to high-quality and sustainable development in alignment with global trends in green energy and digital communication.

(1) Sustained Development Advantages Driven by Industrial Policies During the "14th Five-Year Plan" period, guided by the *Action Plan for Deepening the High-Quality Development of Manufacturing in Chongqing in the New Era and New Journey (2023–2027)* (Yu Wei Ban Fa [2023] No. 13), the Company has actively integrated into Chongqing's "33618" development strategy and seized opportunities in industries such as green energy, automotive lightweighting, new infrastructure, energy-efficient construction, and electronic communications. The Company is committed to accelerating the establishment of an industrial ecosystem encompassing "mineral materials + fiberglass yarn + fiberglass products + fiberglass-reinforced composites." By implementing three strategic themes—"product innovation, operational excellence, and fiber-material synergy"—the Company advances high-quality and sustainable development. It focuses on expanding application scenarios in the global fiberglass market, precisely allocating R&D resources, and promoting the continuous rollout of products such as high-modulus, high-strength, low-dielectric, and low-expansion fibers that align with the "dual-carbon" and "digital-intelligent" trends, thereby leading innovation in the industry. Furthermore, the Company has clarified six business growth pathways: "Strengthen" Wind Power: Enhance product performance and sales channels to consolidate market position. "Expand" Thermosets: Broaden application areas to rebuild the industrial foundation. "Increase" Thermoplastics: Optimize product and customer structures to boost market share. "Revitalize" Electronics: Upgrade production capacity and refine products to build late-mover advantages. "Coordinate" Overseas Operations: Localize resources and capabilities to ensure "overseas supply for overseas demand." "Synergize" Composites: Integrate industrial resources to achieve leapfrog development. (2) Value Advantages Forged Through Continuous R&D and Innovation The Company places great emphasis on the accumulation and innovation of core fiberglass technologies. Through technology introduction, collaborative R&D, and independent practice, it has comprehensively mastered core process technologies across the entire fiberglass production chain, including furnace design, energy-efficient combustion, glass formulation and fiber forming, platinum material modification and bushing design/processing, and key sizing agents and surface treatments. Adhering to a differentiated and high-end product competition strategy, the Company closely aligns with market demands and has established significant value advantages in specialized product segments such as shaped fiberglass, high-modulus fiberglass for wind turbine blades, specialized yarns and fabrics for polyurethane wind blades, eco-friendly boron- and fluorine-free ECT fiberglass, thermoplastic fiberglass for automotive lightweight components, low-dielectric low-loss fiberglass for 5G high-frequency communications, chemical-corrosion-resistant fiberglass, and fiberglass for ultra-high voltage electrical insulation products. During the reporting period, the Company continued to focus on innovation-driven development, steadily accumulating momentum, and building a multi-level, high-standard value platform. This platform includes: "National Enterprise Technology Center" "Postdoctoral Researcher" "Joint Postgraduate Training Base in Materials and Chemical Engineering" Chongqing Glass Fiber and Composites Engineering Technology Research Center A wind power laboratory accredited by the China National Accreditation Service for Conformity Assessment (CNAS) and DNV Chongqing Key Laboratory for Industrial and Information Technology in Glass Fiber R&D Hai Zhi Workstation Chongqing Scientific Research Talent Platform Chongqing Innovation Consortium (3) Brand Advantages Built Through Continuous Customer Service The Company adheres to a differentiated, high-end product competition strategy, closely following market demands. It holds strong competitive advantages in specialized product areas such as shaped fiberglass, high-modulus fiberglass for wind turbine blades, specialized yarns and fabrics for polyurethane wind blades, eco-friendly boron- and fluorine-free ECT fiberglass, thermoplastic fiberglass for automotive lightweight components, low-dielectric low-loss fiberglass for 5G high-frequency communications, chemical-corrosion-resistant fiberglass, and fiberglass for ultra-high voltage electrical insulation products. Focusing on customer service, the Company leverages its robust technical capabilities, excellent product quality, and diverse product portfolio to provide customized product solutions. Additionally, the Company adopts an organizational strategy of "staying close to customers and locating nearby," establishing production subsidiaries in Chongqing, Zhuhai, Changzhou, Bahrain, Brazil, and other locations, and sales subsidiaries in the United States, Europe, and elsewhere. It continuously optimizes the global layout of production bases, overseas sales subsidiaries, and warehouses according to customer distribution characteristics, enabling swift responses to product matching and upgrade needs. This approach has earned the Company a strong brand reputation and high customer recognition. (4) Intelligent Manufacturing Advantages Shaped by Continuous Investment in Technology The Company focuses on digital empowerment, further refining its top-level digital design and fully implementing its five-year digital transformation plan by undertaking the Yun Tian Hua Group Digitalization Five-Year Plan. During the reporting period, it concentrated on five key business areas—smart production lines, precision production, operational excellence, agile R&D, and smart campuses—leveraging automation, informatization, digitalization, and intelligent technologies to promote the construction of an innovative demonstration plant for the intelligent manufacturing of new energy high-modulus fiberglass. In recent years, the Company has actively pursued the transformation of fiberglass production toward intelligent, digital, and green directions, promoting the deep integration of "5G + Industrial Internet." In accordance with the overall requirements of Yun Tian Hua Group's digital plan, the Company has deployed 5G internal networks in industrial production sites and workshops, establishing new 5G application scenarios for collaborative and intelligent manufacturing. These include digital twins, energy monitoring, DCS automatic control, intelligent equipment inspection, visual quality inspection, 5G + cloud MES, and key tooling simulation. By building an industrial collaborative manufacturing platform based on 5G networks and deeply integrating 5G technology with industrial networks, software, and control systems, the Company has achieved interconnectivity across all stages from design, production, logistics, and warehousing to sales. This has digitized production processes, integrated workshop information, and intelligentized enterprise management, significantly enhancing production efficiency and product quality. These efforts play a vital demonstrative role in elevating the intelligent manufacturing level of China's new materials industry and promoting the application of "5G + Industrial Internet."