Yahua Group(SZ:002497) Shang Hai Zheng Quan Bao·2025-10-29 21:53Core Viewpoint - The company reported significant developments in its lithium and civil explosives businesses, with a notable recovery in lithium sales and ongoing efforts in product innovation and financing support for expansion projects [5][6][9]. Financial Performance - The company confirmed that its quarterly report is accurate and complete, with no need for restatement of previous financial data [2][3]. - The third-quarter financial report was not audited, and the company has not identified any non-recurring gains or losses [3][14]. Business Operations - Lithium Business: In the third quarter of 2025, lithium prices rebounded due to production adjustments in certain mines, leading to a substantial increase in sales volume, achieving a record high for the quarter. The company is focusing on optimizing its customer base and production operations, which positively impacted its performance compared to the same period last year [5][6]. - Civil Explosives Business: The civil explosives segment faced challenges due to increased market competition and declining prices, resulting in a decrease in overall production and sales value. However, the company successfully expanded its sales channels and saw growth in its blasting services and exports [6]. Product Development - The company is advancing its research in solid-state battery materials, achieving significant progress in the synthesis of lithium sulfide, which meets high-performance requirements for solid electrolytes. The new synthesis process has shown advantages in cost, purity, and controllability [7][8]. Financing and Investment - The company secured a policy-based financial tool amounting to 188.04 million yuan from the National Development Bank to support its lithium production line construction, reflecting its achievements in the lithium industry [9]. - The company is also in the process of a non-public offering to raise up to 1.5 billion yuan for the construction of lithium hydroxide and lithium chloride production projects, with plans to adjust the use of raised funds for additional production capacity [10][12].