诺德股份：高度重视铜价波动对经营的影响

Core Viewpoint - The company emphasizes the significant impact of copper price fluctuations on its operations and has implemented strategies to mitigate cost pressures while promoting the use of ultra-thin copper foil in its products [1] Group 1: Copper Price Impact - The company has a pricing model based on "copper price + processing fee," allowing it to adjust product prices according to copper price changes [1] - The surge in copper prices has accelerated customers' motivation to adopt ultra-thin copper foil, which can significantly reduce copper costs [1] Group 2: Cost Reduction and Efficiency - Using 4.5-micron products instead of 6-micron products in a 1GWh battery can reduce copper costs by over 10 million (more than 100 tons of copper) [1] - The shift to ultra-thin copper foil can enhance energy density by 7% to 8%, positively impacting the promotion of the company's high-end ultra-thin copper foil [1] Group 3: Risk Mitigation Strategies - The company has effectively transmitted and buffered cost pressures through hedging tools and flexible procurement strategies [1]