华盛锂电分析师会议-20250725

Group 1: Basic Information - The research object is Huasheng Lithium, belonging to the chemical products industry, and the reception time was on July 25, 2025. The listed company's reception staff included Deputy General Manager and Board Secretary Huang Zhendong, Deputy General Manager Zhang Xianlin, and Securities Affairs Representative Lu Haiyuan [17] - The detailed research institutions are Guohai Securities, Yongxing Securities, and CITIC Construction Investment Securities, all of which are securities companies [18] Group 2: Core Views - The company has complete supporting three - waste treatment devices and can recycle by - products to reduce costs. It strictly follows environmental protection policies, has independent waste treatment capabilities, and has developed industrial production technology for recycling triethylamine from triethylamine hydrochloride, reducing triethylamine consumption by over 85% and solvent consumption by over 75% [21] - The mass ratio of the company's additive products in the electrolyte is generally between 2% - 10%, and the demand from electrolyte manufacturers is determined by the formula of different types of electrolytes designed by battery manufacturers or themselves [21] - Since 2021, the additive products were in short supply with high prices, but with the release of new production capacity in the industry, the market became oversupplied, and the sales prices of VC and FEC dropped significantly. The company's product prices are affected by supply - demand relationships, raw material prices, and the macro - economy, and are adjusted dynamically according to market conditions [21] - The company has been focusing on the R & D of solid - state battery materials in recent years and has completed laboratory trials of multiple materials suitable for solid/semi - solid batteries, such as bis(trifluoromethanesulfonyl)imide lithium, high - purity lithium sulfide, new silicon - carbon anodes, and single - walled carbon nanotube conductive agents. The company will disclose R & D progress and mass - production plans in accordance with relevant regulations [23]