Xingfa Invests Billions in Research and Development

Cited from:https://roadshow.sseinfo.com/roadshowIndex.do?id=8419

XingFa Group chooses to continue to develop in the direction of deep processing of silicone, and increase the layout of high technical barriers and high value-added silicone products such as photovoltaic glue, liquid glue, silicone microcapsules and aerogel. Since 2021, the annual R&D investment of Xingfa Group has almost doubled, and the R&D investment in the first three quarters of 2022 is nearly 1 billion, accounting for 3.81% of the operating income. In the past two years, Xingfa Group has vigorously laid out high-end new material products in the field of silicone. Although affected by the macroeconomic and market supply and demand changes, the market price of cyclical products fell sharply year-on-year. Xingfa Group said it will continue to increase investment in research and development, transition to high value-added industries, and actively respond to macroeconomic and market changes to achieve sustainable development.