Senior(SZ:300568) 鑫椤锂电·2025-06-28 06:34Core Viewpoint - The completion of the Malaysia factory marks a significant step in the global expansion of the company, enhancing its profitability through an independent pricing system for overseas products [2][5][8]. Investment and Production Capacity - The total investment in the Malaysia project is nearly 5 billion RMB, with an annual production capacity of 2 billion square meters for lithium battery separators [5]. - The initial demand for the production capacity indicates a supply shortage, reflecting strong market recognition and anticipation for the company's products [5]. Market Trends and Competitive Advantage - Domestic and international battery companies are accelerating their expansion in Malaysia and Southeast Asia, positioning the company to benefit from increasing order volumes [5]. - The establishment of an independent pricing system allows the company to set competitive prices based on international market dynamics, enhancing its profitability [5][7]. Financial Projections - The overseas capacity expected to be launched by 2025 is projected to generate approximately 500 million RMB in profit, validating the company's strategic foresight in global expansion [7]. - The construction of the Malaysia factory is expected to significantly boost the company's economic benefits and provide solid financial support for long-term development [7]. Strategic Significance - The Malaysia base enables the company to effectively penetrate Southeast Asia and global markets, supporting its international development [7]. - The company demonstrates strategic vision and risk management capabilities in navigating complex international market conditions, including policy changes and supply chain security [7]. Future Outlook - The completion of the Malaysia factory is a key opportunity for the company to enhance its profitability and stand out in the competitive renewable energy sector [8]. - The company will participate in the 2025 China Solid-State Battery Technology Development and Market Outlook Summit, indicating its commitment to industry engagement and innovation [8].