Group 1: Pricing Strategy - The company maintains a dual pricing strategy for existing products while introducing new pricing standards for AI-related products, aiming for long-term stable cooperation with clients [2][3] - Price adjustments for hard alloy products vary based on raw material costs, product negotiation power, and customer acceptance, with significant adjustments made for blade products throughout the year [3][4] Group 2: Production Capacity - The average monthly production capacity increased from over 60 million units in the first half of the year to over 70 million units from July to September, with expectations to exceed 80 million units by the end of October [3] - The board approved a capacity expansion project for micro-drills by 140 million units, with implementation closely tied to market demand [3] Group 3: Sales Structure - The core product line, represented by "Jinzhou Sanbao," accounts for over 50% of total sales, with ongoing investments in R&D to enhance core competitiveness and optimize product structure [3] Group 4: Market Outlook - The supply side of tungsten faces constraints due to slower-than-expected new tungsten mine production, reduced national quotas, and natural declines in existing mine grades, leading to a widening supply-demand gap [5] - The company is actively monitoring raw material market changes and will adjust pricing strategies flexibly based on actual conditions while maintaining communication with clients [4][5] Group 5: Future Developments - The acquisition of Yuanjing Tungsten has been approved by the board and is pending shareholder approval, with expectations for financial consolidation by the end of the year if progress is smooth [5] - The company plans to advance the integration of three remaining tungsten mines, with timelines dependent on regulatory requirements and business needs [5]