Company Overview - Zhejiang Yongtai Technology Co., Ltd. was established in 1999 and listed in 2009, headquartered in Taizhou, Zhejiang Province, specializing in fluorine fine chemical manufacturing [2][3] - The company operates multiple production bases across Zhejiang, Inner Mongolia, Fujian, and Guangdong, ensuring sufficient capacity to support future growth [3] Financial Performance - In the first three quarters of 2025, the company achieved revenue of CNY 402,835.11 million, a year-on-year increase of 20.65% [4] - The net profit attributable to shareholders was CNY 3,255.39 million, marking a return to profitability [4] Business Segments and Strategies Lithium Battery Materials - The company has established a vertically integrated supply chain for lithium materials, with production capacities as follows: - Solid lithium hexafluorophosphate: approximately 18,000 tons/year - Liquid lithium bis(fluorosulfonyl)imide: 67,000 tons/year (equivalent to 20,000 tons/year in solid form) - Additives: VC at 10,000 tons/year; FEC at 3,000 tons/year - Electrolyte: 150,000 tons/year [5] - Future plans include enhancing R&D and product offerings to meet diverse customer needs [5] Pharmaceutical Sector - The pharmaceutical segment covers key therapeutic areas including cardiovascular, diabetes, central nervous system, anti-infection, and antiviral, with a vertically integrated supply chain for fluorinated intermediates and active pharmaceutical ingredients [6][7] - The company aims to leverage advanced technologies for deeper development in these areas [7] Agricultural Protection - Focused on fluorinated herbicides, fungicides, and insecticides, the agricultural segment is expanding its global market presence through vertical integration and leveraging overseas registration resources [8] - Plans include enhancing production processes and promoting sustainable agricultural solutions [8] Market Dynamics and Pricing - The price fluctuations of key materials like lithium hexafluorophosphate are influenced by supply-demand dynamics, industry competition, and raw material costs [9] - The company employs a market-driven pricing mechanism for lithium materials, adjusting based on market conditions and customer strategies [12] Production Capacity and Utilization - Current VC production capacity stands at 10,000 tons, with 5,000 tons added in November 2025, expected to be gradually released [10] - The company maintains a high capacity utilization rate to ensure timely order fulfillment [10] Segment Performance - In the first three quarters of 2025, the agricultural protection segment saw a revenue increase of 39.77%, while the lithium materials segment experienced a significant growth of 112.09% [17] - The pharmaceutical segment faced challenges with a revenue decline of 30.62% due to patent expirations and increased competition [18] Future Financing Plans - The company maintains stable relationships with banks and financial institutions, planning to assess and pursue financing opportunities aligned with its strategic needs [18]

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) and has outlined the agenda, procedures, and key proposals for discussion and voting, emphasizing the importance of shareholder rights and corporate governance [1][2][3][4][5]. Group 1: Meeting Procedures - Shareholders and their representatives must arrive at the meeting venue 30 minutes prior to the start to complete registration and present necessary identification documents [2][3]. - The meeting will follow a structured agenda, with shareholders having the right to speak, inquire, and vote on proposals [2][3][4]. - Voting will be conducted through both on-site and online methods, with results announced after the meeting [3][4][5]. Group 2: Company Governance - The company has established a comprehensive governance framework, including the roles of the board of directors and various committees to ensure compliance and effective decision-making [6][16][34]. - The board of directors has reported on its activities and achievements in 2024, highlighting efforts to enhance corporate governance and protect shareholder interests [6][16][34]. Group 3: Business Performance and Strategy - The company has faced challenges in the lithium battery materials industry but has implemented strategies to improve operational efficiency and product quality [26][27][28][29]. - The company is focusing on technological innovation and market expansion, including international projects to enhance its competitive position [30][31][32]. - Despite a net loss of 870 million yuan, the company has taken measures to control costs and improve inventory management, leading to a reduction in losses compared to the previous year [31][32]. Group 4: Investor Relations - The company emphasizes the importance of transparent communication with investors, ensuring timely and accurate information disclosure [32][35]. - The board plans to enhance investor relations management and maintain effective communication channels to protect shareholder interests [32][35].