1. At present, the entire diamond line industry seems to be expanding production. Does the company's current production capacity expand too fast? Compared with other competitors, what are the advantages of the company in the overall market position and product price? With the rapid development of new energy and electronic technologies, the application of hard and brittle materials such as silicon crystals, sapphire and zirconia ceramics is becoming more and more widespread, and the rapid growth of market demand is stimulating and accelerating the development of China's diamond wire manufacturing industry. In 2017, as solar polysilicon manufacturers accelerate the large-scale application of PERC technology and diamond wire cutting (and supporting black silicon texturing technology) in polycrystalline silicon solar cells, photovoltaic polycrystalline enterprises are rapidly being developed due to cost and environmental factors. The traditional mortar cutting to the diamond wire cutting conversion, which led to the rapid growth of the demand for diamond wire in the market, because the technology conversion process exceeded the original industry expectations, resulting in serious shortage of production capacity, each diamond line manufacturers to accelerate capacity expansion is a market Normal behavior. According to the data, in 2016, the global installed capacity was 71.2GW, an increase of 50%. In 2017, it is expected to increase the installed capacity by 92GW, with a growth rate of 30%. In 2022, the newly installed capacity is expected to be about 120GW. From the perspective of market demand, the demand for diamond wire in the photovoltaic industry mainly depends on two aspects: first, the continuous growth of the downstream solar photovoltaic industry, and second, the replacement rate of the existing diamond wire in the photovoltaic industry. In response to market demand, the company has developed a corresponding expansion plan for specific customer needs, avoiding the phenomenon of first expanding production and then looking for the market. Our company is the earliest enterprise engaged in the research and industrialization of diamond fiber products. It has many years of technology accumulation and independent independent intellectual property rights. It has a solid foundation in capacity replication and technology improvement, and at the same time, it has many leading photovoltaic and sapphire enterprises. It has formed a good cooperative relationship for many years, jointly promoted the application of King Kong Line in related industries, and helped downstream enterprises to develop together, and has established a good brand image in the industry. 2. Will diamond wire cutting technology be replaced by other technical processes? What is the future development prospects? Due to cost and environmental protection, diamond wire cutting technology is rapidly replacing traditional cutting technology as a new cutting technology for hard and brittle materials. From the perspective of practicability and economy, there are no other mature cutting methods on the market that can replace diamond wire cutting. As a new cutting technology, Diamond wire is still in the initial stage of development, except in the sapphire and photovoltaic industries. In addition to being widely promoted, it will be further promoted in the field of hard and brittle materials such as magnetic materials and precision ceramics in the future, with broad development prospects. 3. How is the progress of the company's fundraising projects? How long does it take from the installation of production line equipment to mass production? The company's fundraising project started construction at the end of 2014. The main construction projects were completed in the second half of 2016. Some equipments have been assembled and commissioned in the second quarter of 2017, and some capacity has been formed in the third quarter. At present, the production capacity is about 300 million meters per month. After the company raises funds, the company has accelerated the investment in the remaining planned equipment in the fourth quarter. It is expected that capacity will be gradually formed in early 2018. The investment in production equipment is generally carried out according to the procedures of batch delivery, batch installation, batch commissioning and batch production. It usually takes about 4 months from the ordering of equipment to normal production. 4. In the market expansion, compared with other peers, what are the advantages of the company and what kind of customer sales strategy? The company's vision is to become a world-class integrated service provider of hard and brittle materials processing consumables and become an industry leader. As an emerging technology product, King Kong Line is still in the process of rapid improvement in its production and application level. The core of market competition is mainly reflected in product quality stability, bulk supply capability and supporting technical services. In the years of cooperation with customers, the above capabilities have been widely recognized in the industry. In terms of customer sales strategy, the company has always adhered to the principle of cooperation and win-win, focusing on building a core customer ecosystem to consolidate its market position and brand image, and to ensure customer stability through technical services and joint improvement. 5. How is the company's future development strategy planned, and whether it considers the implementation of other projects? The company's strategy is planned by the strategy committee, but the goal of “committed to becoming a world-class integrated service provider of hard and brittle materials processing consumables†will not change. The near-term goal is to fully grasp the current rapid development of the solar photovoltaic and sapphire industries. Opportunities for changes in demand, and solidly do a good job in the real estate industry with the help of capital market resources, and consolidate the platform for enterprise development. At the same time, we will continue to increase the strength of technology and product research and development, expand the application areas of diamond wire products and form new performance growth points, and return investors with good performance. 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Summary 1. At present, the entire diamond line industry seems to be expanding production. Does the company's current production capacity expand too fast? Compared with other competitors, what are the advantages of the company in the overall market position and product price? With the rapid development of new energy and electronic technologies,...