Core Viewpoint - Shangtai Technology (001301.SZ) is establishing a wholly-owned subsidiary in Hong Kong to explore, procure, and trade carbonaceous raw materials, leveraging Hong Kong's advantages as an international trade, logistics, and financial center to meet the production needs of the new energy industry [1] Group 1: Company Strategy - The company aims to utilize its own funds to set up a subsidiary in Hong Kong for the exploration and procurement of carbonaceous raw materials [1] - The focus is on sourcing materials such as petroleum coke and needle coke, which are by-products of the oil refining process [1] - This strategic move is intended to capitalize on the development opportunities in the new energy sector [1] Group 2: Industry Context - The production of artificial graphite anode materials is closely linked to oil refining capacity, with key countries in this sector including the United States, Russia, and Middle Eastern nations [1] - There is a noted lack of development in the artificial graphite anode materials industry in these regions, indicating potential opportunities for sourcing raw materials [1] - The company seeks to address the production demands of both itself and the broader industry through this initiative [1]

Core Viewpoint - The company, Shangtai Technology, is establishing a wholly-owned subsidiary in Hong Kong to explore, procure, and trade raw materials for artificial graphite anode materials, leveraging Hong Kong's advantages as an international trade, logistics, and financial center [1] Group 1: Company Strategy - The primary raw materials for artificial graphite anode materials are various types of cokes, including petroleum coke and needle coke, which are by-products of the oil refining process [1] - The company aims to tap into the global supply of coke materials, particularly in regions lacking a developed artificial graphite anode industry, such as the US, Russia, and Middle Eastern countries [1] - The establishment of the subsidiary is intended to enhance the company's ability to meet production demands in the growing new energy sector [1] Group 2: Industry Context - The exploration and development of coke materials are currently insufficient in key oil refining countries outside of China, indicating a potential gap in the market [1] - The company's initiative aligns with the increasing demand for raw materials in the new energy industry, which is expected to grow significantly [1]