金禾实业：目前新能源业务处于战略论证与实验室开发的前期阶段，资本开支规模远小于传统业务的技改与扩产

Core Viewpoint - The company is currently in the early stages of strategic validation and laboratory development for its new energy business, with capital expenditures significantly lower than those for traditional business upgrades and expansions [1] Group 1: Business Strategy - The company emphasizes a phased and rhythmic allocation of resources between traditional and new energy businesses [1] - Stable profits and cash flow from traditional business operations provide the necessary support for long-term exploration of advanced technologies [1]