Core Viewpoint - The company is focusing on the expansion of downstream applications of metallic chromium, particularly in the new materials sector such as electrical equipment, highlighting its market potential [1] Group 1 - The company has established stable cooperative relationships with enterprises in the supply chain of the US BE company [1] - As a source manufacturer of metallic chromium, the company prioritizes product process stability and quality control [1] - The company has not yet gathered information on the single consumption parameters of downstream end products [1]

Core Viewpoint - The domestic SOFC (Solid Oxide Fuel Cell) companies consume significantly less chromium compared to their overseas counterparts, which raises concerns about the demand for chromium in the industry [1] Group 1: Chromium Consumption - Domestic SOFC companies reportedly consume 2500 tons of chromium per GW, while overseas companies consume 7500 to 10000 tons per GW, indicating a consumption rate that is 3 to 4 times higher [1] - Based on BE's projected capacity of 2 GW for next year, the minimum requirement for metallic chromium would be 1.5 wt, corresponding to a sodium chromate demand of 5.4 wt at a 30% market share [1] Group 2: Company Positioning - The company, Zhenhua Co., Ltd. (振华股份), is actively monitoring the downstream applications of metallic chromium, particularly in the power equipment and new materials sectors [1] - Zhenhua has established stable partnerships with companies in the supply chain of the American BE company, emphasizing its commitment to product stability and quality control [1]