Miracll: Foam-type TPU products have strong profitability and sales have grown rapidly in recent years

Miracll stated during an institutional research that the self-developed foamed TPU is an emerging application of TPU in the footwear field, characterized by lightweight and high resilience, easy processing downstream, and is typically used as the midsole of sports shoes, with a promising market development outlook. The foamed TPU products have strong profitability and have seen rapid sales growth in recent years. The core raw material for foamed TPU is HDI, which has a synergistic advantage with the Henan project in the industrial chain. After the HDI production in the Henan company begins, the competitive advantage of the company's foamed TPU will be further enhanced, making it more favorable for sales and promotion