On December 9, in the production workshop of Shenma Bolimai Company, crystal-clear nylon 66 chips are being precisely processed into pristine white yarn. These seemingly ordinary yarns are the core material for automotive airbags—capable of withstanding extreme tensile forces and high temperatures that can cause them to burst instantaneously. Due to their sophisticated manufacturing processes and stringent certification requirements, only a handful of companies worldwide are able to produce and sell them.

In the first 11 months of this year, the company produced over 15,000 tons, nearly 2,000 tons more than planned. Both production and sales are thriving, with virtually zero inventory, and profits have reached a new high for the same period in history. Meanwhile, the company’s market share in China’s primary and secondary airbag markets has risen to 38%, demonstrating its strong competitiveness in the high-end niche segment of airbag yarns.

The company has always regarded technological innovation as its core competitive advantage. In 2024, in response to automakers’ demand for lightweight solutions, the company’s R&D team broke through technical bottlenecks and successfully developed airbag yarn that reduces weight by 7% while maintaining the same level of strength. In the first 11 months of this year, the product has been stably supplied in quantities exceeding 2,000 tons, contributing more than 20% of the company’s profits.

“We’ll manufacture whatever the market demands, leveraging innovation to enhance the technological content and added value of our products, thus opening up new avenues for development through high-quality supply,” said the company’s leader. As of now, the company offers a variety of niche products, most of which are unique in the market and cater to the personalized needs of different customers.

Capacity expansion is another key pillar supporting the company’s high-quality development. In 2007, the company put its first 3,000-ton production line into operation, filling a domestic gap. After the completion of the “filling-in and upgrading” project approved in 2024, the company’s annual production capacity reached 17,000 tons, making it the leading domestic supplier of high-end airbag yarns. In the first 11 months of this year, the company’s internal testing utilization rate exceeded 110%, and demand for its products continues to outstrip supply. “Next year, we plan to further expand our capacity by another 3,000 tons, so as to continuously consolidate our industry-leading position and provide broader room for technological innovation and product upgrades,” said the company’s executive.

The continuous optimization of financial indicators underscores the company’s achievements in high-quality development. The company’s asset-liability ratio has dropped from 59% in 2024 to its current level of 53%, demonstrating the remarkable success of the company’s high-quality development.