In 2017, the domestic pipe industry ushered in a significant period of development opportunities. With the acceleration of urbanization across the country and the continued implementation of the "coal-to-gas" policy, the demand for natural gas pipelines experienced explosive growth. Against this backdrop, according to the latest operating data released by Shandong Wanji Plastics, the company's core natural gas pipeline business continued its booming performance, becoming the core engine of the company's revenue growth. According to the head of the company's production department, to cope with the surge in order demand, the company's 10 natural gas pipeline production lines have been put into operation...Operating at full capacity around the clock, with workshop employees working in three shifts to ensure uninterrupted production. Thanks to an efficient production and distribution system, products are quickly shipped to customers across the country as soon as they come off the production line, achieving zero inventory turnover. By October of that year, orders were booked until the end of the year, with some urgent orders even requiring priority in capacity allocation." The natural gas pipeline project is not Wanji Plastics' traditional business, but rather a core focus of its transformation and upgrading. Previously, the company mainly engaged in the production of ordinary plastic pipes, with product added value...Low production capacity and limited market competitiveness. To overcome this bottleneck, the company's management, after multiple rounds of research and evaluation, decided to focus on the high-value-added natural gas pipeline sector, investing heavily in the world-class German Battenfeld automated extrusion production line. This production line was the most advanced equipment in the global pipe manufacturing industry at the time, possessing high efficiency, precision, and stability. It could achieve fully automated control from raw material processing to finished product forming, significantly improving production efficiency and precisely controlling key parameters such as pipe wall thickness and diameter.Ensuring consistent product quality. Supported by advanced production equipment, Wanji Plastics' annual production capacity for natural gas pipelines reaches 40,000 tons, fully meeting the bulk purchasing needs of large gas companies. To further expand the market, the company has established a professional sales and technical service team, deeply engaging with gas companies across various regions to provide customized pipeline solutions tailored to different regional geological conditions and gas transmission needs. With its high-quality products, stable supply capacity, and comprehensive after-sales service, Wanji Plastics has successfully partnered with China Resources Gas...We have established long-term and stable cooperative relationships with more than 10 large domestic gas companies, including Qi, Aode Gas, and Liaoning Yingkou Gas, becoming a core pipeline supplier for many of them. Our cooperation with China Resources Gas covers gas transmission and distribution projects in multiple provinces, including Shandong and Anhui. The growth in operating data directly reflects the success of these projects. From January to November 2017, sales revenue from natural gas pipelines alone exceeded 100 million yuan, a year-on-year increase of over 40%, far exceeding the industry average growth rate. This explosive growth in this business segment directly boosted the company's overall...Annual sales revenue reached 600 million yuan, a 30% increase over the previous year. It's worth noting that due to high demand, the company optimized its payment methods, adopting a prepayment model for most orders, effectively improving its cash flow. The company's sales department head stated in an interview that they will further optimize capacity allocation, planning to add two temporary production lines to alleviate order pressure, and simultaneously sign long-term cooperation agreements with several logistics companies to improve logistics efficiency and ensure timely delivery of all orders. Furthermore...The company will continue to expand its customer base among gas companies, focusing on developing markets in regions with high natural gas demand, such as North China and East China, striving to increase natural gas pipeline business sales revenue by another 50% next year and further expand its market share.