CAPCHEM(SZ:300037) Mei Ri Jing Ji Xin Wen·2025-12-19 01:33Group 1 - The price of VC (Vinyl Carbonate) has been rising since the second half of this year, leading to a surge in demand as customers begin to purchase in advance [2] - The company, through its subsidiary Hankan Electronic Materials, specializes in the production of lithium battery additives, including VC and FEC, with current VC capacity at approximately 10,000 tons and an additional 5,000 tons under construction expected to be operational in the second half of 2026 [2] - The company's overall capacity utilization for battery chemicals remains at a reasonable level, with VC being a high-value product experiencing continuous demand growth since Q4, currently operating at full production and sales [2] Group 2 - The existing precursor CEC capacity is 35,000 tons per year, which can support the usage of 15,000 tons of VC and 8,000 tons of FEC [2] - Future capacity planning will be based on market conditions and customer demand [2]