调研速递|湘潭电化接受投资者网上提问，聚焦合资公司进展与市值管理等要点

Group 1 - The company held an online investor reception on September 19, 2025, where management addressed key investor questions regarding joint ventures and business strategies [1] - The joint venture with Geely Group's Zhejiang Yuancheng New Energy Commercial Vehicle Group is currently undergoing regulatory approval and has not yet completed business registration [1] - The joint venture will focus on the new energy materials sector, particularly in research and innovation related to battery materials and green methanol production technologies [1] Group 2 - The company emphasizes the importance of market value management, implementing strategies to enhance core business efficiency and optimize communication with investors [2] - Cash dividends have increased from 20.12% to 31.97% of net profit over the past three years, reflecting a commitment to stable returns for shareholders [2] - The company is in the early stages of manganese mining at the Jingxi Aitun manganese mine and is currently exploring the Xiangtan Nanmuchong manganese mine [2] Group 3 - The company's subsidiary, Guangxi Lijin New Materials Co., is collaborating with solid-state battery companies on lithium manganese oxide applications, with breakthroughs expected by late 2026 or early 2027 [2] - Details regarding the top ten shareholders and their changes will be disclosed in the third-quarter report [2] - The company has not confirmed any collaboration with Qingtai Energy or supply situations, but some products are applicable in the energy storage battery sector [2]