CAPCHEM(SZ:300037) Sou Hu Cai Jing·2025-11-18 03:50Core Viewpoint - The company has provided details on its production capacity for lithium battery additives VC and FEC, indicating plans for future expansion and addressing the impact of raw material prices on product pricing [1] Group 1: Production Capacity - The company's subsidiary, Hankan Electronic Materials, currently has a production capacity of approximately 10,000 tons for VC and 6,500 tons for FEC [1] - There are ongoing construction projects to increase VC capacity by 5,000 tons and FEC capacity by 4,000 tons, expected to be operational in the second half of 2026 [1] - The existing precursor CEC has a production capacity of 35,000 tons per year, which can support the usage of 15,000 tons of VC and 8,000 tons of FEC [1] Group 2: Market and Pricing Dynamics - The pricing of the company's products is influenced by multiple factors, including macroeconomic conditions, industry supply and demand, competitive landscape, raw material costs, and seasonal factors [1] - The rising prices of raw materials in battery chemicals are gradually affecting the pricing of electrolytes, with the fourth quarter being a transitional phase for prices [1] - New contracts will take into account the latest raw material prices, and the efficiency of price transmission is expected to improve [1]