Ming Xin Xuteng said at the 2026 third quarter results briefing that the company's water-based microfiber products have now entered the mass production stage. The revenue share of the core product water-based suede microfiber in the first three quarters of this year increased markedly compared to the same period last year, and made a positive contribution to the company's overall performance. In the future, the company will continue to increase R&D iterations and market expansion of water-based microfiber products, and continue to expand the market influence of the company's products.

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