On November 22, Gelonghui reported that Xinhan New Materials (301076.SZ) stated during an investor relations event that the company's HAP products are mainly used in mid to high-end creams and masks from well-known brands, and some new cosmetic categories and domestic brands have begun to use them. HAP is a safer and more efficient composite new cosmetic raw material, and as consumer awareness of consumption and health increases, it is expected that the brands and product types using HAP will gradually increase. The company's HDO (hexylene glycol) products can be directly used as cosmetic raw materials, combining well with other substances, possessing good moisturizing properties, and also having antibacterial effects. Similar to HAP, it is used as a new type of cosmetic preservative aid, targeting the same customer base. Based on the estimated usage per unit product, the future market demand for HDO is expected to be larger than that for HAP.