ST帕瓦业绩说明会：重点研发固态电池和钠电 全面排查优化公司治理

Core Viewpoint - The company ST Pava is focusing on the development of sodium battery precursors and solid-state battery materials, with significant increases in R&D investment and production capacity expected in the coming years [2][3][4]. Group 1: R&D Focus and Investment - The company plans to increase R&D expenses significantly in 2024, with a total investment of 83.94 million yuan, representing a year-on-year increase of 65.34% [3]. - Key areas of R&D include solid electrolyte materials, lithium battery high-voltage precursor materials, and sodium copper-based multi-element precursor materials [3]. - The company has applied for 18 invention patents in solid-state battery materials and collaborates with a professor team from Central South University for product development [4]. Group 2: Market Outlook and Production Capacity - The company is optimistic about the sodium battery industry's development, particularly in energy storage, two-wheeled vehicles, small power, engineering machinery, and heavy-duty vehicle battery swapping [4]. - Current production capacity for sodium battery precursors is 7,500 tons, with the ability to quickly switch production lines to meet increasing demand [4]. - The company anticipates that the cost of sodium battery cells will align with that of lithium iron phosphate cells this year and be on par next year, potentially leading to a cost advantage in the future [4]. Group 3: Governance and Operational Challenges - The company acknowledges challenges in market competition and aims to enhance operational efficiency and governance structures to improve profitability [5]. - The company is undergoing corrective measures due to a negative audit opinion on its internal controls for the 2024 financial report, including forming a special team to address deficiencies [6]. - The overall operational goal is to reduce costs and improve efficiency, with a focus on optimizing business structure and enhancing internal controls [6].