Cai Jing Wang·2026-01-18 09:44Core Viewpoint - Company clarifies that the total contract amount of 120 billion yuan with CATL is an estimate, and final sales remain uncertain [1] Group 1: Contract and Financial Details - The company plans to acquire a portion of Guizhou Xinren's equity for 342 million yuan and invest 140 million yuan to expand its existing 60,000 tons lithium iron phosphate production line [1] - Future capital expenditures for capacity expansion are projected to be 8.7 billion yuan over the next three years, with annual expenditures of 3.6 billion, 3.3 billion, and 1.8 billion yuan for 2026, 2027, and 2028 respectively [1] - The company asserts that its financial reserves and financing capabilities can support these expenditures [1] Group 2: Risks and Compliance - The company highlights risks related to production capacity constraints and fluctuations in raw material prices [1] - An internal review found that two employees traded stocks during the contract period, but both have no current holdings and no motive for insider trading [1] - The company acknowledges that its previous announcement regarding the total contract amount was not precise and that risk disclosures were insufficient [1]