CAPCHEM(SZ:300037) Ge Long Hui·2025-12-19 07:24Core Viewpoint - The company, Xinzhou Bang (300037.SZ), is actively engaged in the production of lithium battery additives through its subsidiary, Hankan Electronic Materials, with a focus on high-value products like VC and FEC [1] Production Capacity - The current production capacity for VC is approximately 10,000 tons, with an additional 5,000 tons under construction expected to be operational in the second half of 2026 [1] - The existing capacity for the precursor CEC is 35,000 tons per year, which can support the usage of 15,000 tons of VC and 8,000 tons of FEC [1] Business Performance - The overall capacity utilization rate of the company's battery chemicals business remains at a reasonable level, with VC experiencing a continuous increase in demand since the fourth quarter, currently operating at full production and sales [1] Future Planning - Future capacity planning will be based on market conditions and customer demand, indicating a responsive approach to production adjustments [1]