Core Viewpoint - Greeenme's adoption of a cost-effective wet process for producing nickel-cobalt hydroxide (MHP) in Indonesia is expected to enhance product quality and reduce costs through the use of active magnesium oxide as a substitute for traditional precipitating agents [1] Group 1 - The company has significantly improved the nickel and cobalt content in MHP products while reducing the moisture content of the filter cake [1] - The cost advantage of magnesium oxide is anticipated to further drive cost reduction and efficiency improvements [1] - The company's research and development investment for the first half of the year amounted to 752 million RMB [1]

Core Viewpoint - Greeenme has established the world's largest recycling base for key metal resources, significantly enhancing its position in the global competition for critical metals [1] Group 1: Key Metal Resource Recycling - The company has built the largest recycling base for nickel, cobalt, and tungsten, with annual cobalt recycling exceeding 350% of China's original cobalt mining volume [1] - Annual nickel recycling accounts for 20% of China's original nickel mining volume [1] - Annual tungsten recycling represents 10% of China's original tungsten mining volume [1] Group 2: Future Projections - In 2024, the company plans to recycle 20,000 tons of nickel [1] - By the third quarter of 2025, cobalt recycling is expected to exceed 6,000 tons, significantly supplementing cobalt supply during the Congolese cobalt embargo [1]

Core Viewpoint - The company has successfully developed key technology for recycling rare earth permanent magnet materials from scrapped electric vehicles and electronic waste, indicating a significant advancement in its operational capabilities [1] Group 1 - The company is assessing market opportunities to expand into the rare earth permanent magnet materials and downstream application sectors [1] - The initiative aims to extend the industrial chain and create new growth drivers for the company [1]

Core Viewpoint - The company has successfully achieved full production capacity of 150,000 tons of metal nickel per year from its MHP project in Indonesia [1] Group 1 - The company is involved in a joint investment project with PT Vale Indonesia, producing 66,000 tons of nickel per year in the International Green Industrial Park (IGIP) in Indonesia, which is progressing smoothly [1]

Core Viewpoint - The company, Greeenmei, reported significant production and shipment figures for its nickel resources project in Indonesia, indicating strong operational performance and growth potential in the nickel market [1] Group 1: Production and Shipment Data - In the third quarter of 2025, the company shipped 35,939 tons of nickel metal, including its share of production capacity [1] - The average monthly shipment of nickel metal was nearly 12,000 tons, translating to an average daily production of approximately 400 tons [1]

证券日报网讯格林美（002340）11月17日在互动平台回答投资者提问时表示，截至2025年11月10日，公 司股东总户数426，077户。 ...

Group 1 - The company is closely monitoring relevant regulations and has made proactive preparations to address potential changes in trade policies [2] - The company has established an annual production capacity of 50,000 tons of high-nickel ternary precursor materials in Indonesia, which primarily serves high-end overseas customers [2] - The company's unique production capacity in Indonesia will effectively ensure the sustainability of supply to international clients [2]

Core Viewpoint - The company has successfully achieved mass production of sodium-ion battery precursors and is prepared for large-scale commercialization of sodium-ion materials in China [1] Group 1: Production Capacity - The company has realized mass production of sodium-ion battery precursors [1] - The ultra-high pressure solid-layer sodium-ion positive electrode has achieved ton-level shipments [1] - A production line for sodium-ion materials with a capacity of tens of thousands of tons has been established, positioning the company among the top players in the domestic sodium-ion materials market [1]

Group 1 - The company, Greeenmei, recycles tungsten resources, accounting for 10% of China's total tungsten mining output [2] - In the first three quarters of 2025, the company's tungsten resource recovery shipment reached 5,590 tons (measured in WC), representing a year-on-year increase of 22% [2]

Core Viewpoint - The increase in cobalt prices is expected to have a positive impact on the company's performance, as it effectively mitigates supply chain disruptions through its cobalt recycling and nickel resource projects in Indonesia [1] Group 1: Cobalt Price Impact - The company acknowledges that rising cobalt prices generally lead to improved financial performance [1] - The annual quota policy implemented by the Democratic Republic of Congo highlights the fragility and uncertainty of the traditional cobalt supply chain [1] Group 2: Cobalt Recycling and Production - The company has a cobalt recycling capacity that exceeds 350% of China's cobalt mining output [1] - In the first three quarters of 2025, the company recycled over 6,000 tons of cobalt [1] - The company's nickel resource project in Indonesia produced 6,534 tons of cobalt metal, significantly supplementing cobalt supply during the DRC's cobalt embargo [1] Group 3: Overall Profitability - The company's cobalt recycling business and the cobalt production from its Indonesian nickel resource project are driving the upward trend in overall profitability during the current cobalt price upcycle [1]