Meirui New Materials Co., Ltd. | Address: No. 35, Changsha Street, Yantai Economic Development Zone | Phone: +86-535-3979898 | Website: www.miracll.com
Securities Code: 300848 Securities Abbreviation: Meirui New Materials Announcement No.: 2026-026
Progress Announcement on the "Quality Return Dual Improvement" Action Plan
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, complete, and free of false records, misleading statements, or significant omissions.
Meirui New Materials Co., Ltd. (hereinafter referred to as "the Company" or "Meirui New Materials") has formulated the "Quality Return Dual Improvement" action plan to implement the guiding principles proposed by the Central Political Bureau meeting to "activate the capital market and boost investor confidence," as well as the State Council meeting's call to "significantly enhance the quality and investment value of listed companies and adopt more powerful and effective measures to stabilize the market and confidence." This plan aligns with the company's development strategy, operational conditions, and financial situation, aiming to protect the interests of all shareholders, enhance investor confidence, and promote the company's long-term healthy and sustainable development. The specific content can be found in the announcement disclosed by the company on October 8, 2024, on the Giant Tide Information Network (Announcement No.: 2024-058).
The company focuses on its main business, leveraging its industrial chain advantages to promote high-quality development, emphasizing investor returns, implementing a prudent dividend policy, improving the quality of information disclosure, strengthening investor communication, standardizing corporate governance, and solidifying its development foundation. On April 22, 2025, the company disclosed the "Progress Announcement on the 'Quality Return Dual Improvement' Action Plan" (Announcement No.: 2025-046). The progress of the implementation of the "Quality Return Dual Improvement" action plan as of now is as follows:
1. Focus on Main Business, Leverage Industrial Chain Advantages, and Promote High-Quality Development
The company is a well-known domestic manufacturer of polyurethane new materials (TPU, PUR, PUD, PBS) and functional chemical raw materials (special isocyanates, special amines), with products widely used in consumer electronics, automotive manufacturing, sports and leisure, high-end equipment, green energy, home life, industrial coatings, sealing transmission, 3D printing, and food hygiene. The company currently has two major production bases located in Yantai, Shandong, and Hebi, Henan. The Yantai base primarily produces polyurethane new materials, while the Hebi base focuses on functional chemical raw materials.
In the field of polyurethane new materials, the company concentrates on its TPU main business. Through initial public offerings and self-raised funds, it has completed the construction of 100,000 tons of TPU and 8,000 tons of foamed TPU production capacity, significantly enhancing its TPU capacity and effectively alleviating previous capacity constraints, thus forming a scale advantage. Sufficient capacity allows for a quicker and more flexible response to customer demands and effectively mitigates the risks of raw material price fluctuations, providing effective support for the company's rapid development. In recent years, the company has also horizontally expanded its polyurethane new materials by developing fully biodegradable materials PBS, environmentally friendly adhesives PUR, and water-based polyurethane PUD.