Group 1 - The company, Xiamen Tungsten New Energy, is a major global consumer of cobalt and maintains long-term close cooperation with upstream suppliers, ensuring stable cobalt raw material supply [2] - In the 3C consumer sector, customers are more focused on the performance of lithium cobalt oxide, which minimizes the negative impact of rising cobalt raw material prices on the company's operations [2] - The company adheres to a "low inventory, fast turnover" management strategy, establishing a robust raw material supply chain [2]