Group 1 - The company has made progress in its Inner Mongolia plant, with the high-purity electronic gas project (Phase I) obtaining the safety production license from the Inner Mongolia Emergency Management Department [2] - The production of products such as trifluorine and high-purity ammonia has officially commenced, with trifluorine production capacity increased to 18,500 tons per year and ultra-pure ammonia capacity increased to 10,000 tons per year [2] - The company plans to gradually release project capacity based on market demand [2]

Core Viewpoint - The company is expanding its production capacity and optimizing its market strategy to enhance competitiveness in the electronic specialty gas market while addressing challenges related to pricing and profitability [2][3]. Group 1: Production Capacity Expansion - In February 2024, the company established a new subsidiary, China Shipbuilding Precision Gas (Hohhot) Co., Ltd., which will invest in a high-purity electronic gas project with an annual production capacity of 7,500 tons of nitrogen trifluoride, 10,000 tons of ultra-pure ammonia, and 75,000 tons of liquid nitrogen [2]. - The Hohhot facility is expected to begin trial production in January 2025, with capacity gradually released based on market demand [2]. - The Hohhot subsidiary has advantages in land and electricity resources compared to the Handan production base, which will positively impact production costs as capacity is released [2]. Group 2: Market Strategy and Customer Focus - The company emphasizes that product pricing is not the only priority in transactions; customers are more concerned with quality stability, supply capability, and service response speed [2]. - A specialized division has been established to enhance competitiveness in the electronic bulk gas market through differentiated competition and resource integration [2]. Group 3: International Market Expansion - By 2024, the company aims for overseas revenue to account for 25% of total income, leveraging service centers in Japan and South Korea and an innovative "equipment sales + revenue sharing" model to expand its international market share [2]. - The company plans to continue diversifying its operations to enhance its presence in international markets [2]. Group 4: Financial Performance and Product Development - The company reported revenue growth for 2024 but a decline in profits, primarily due to falling prices of nitrogen trifluoride and other products, which are currently at low levels [3]. - The company anticipates a stabilization of prices in the second half of the year or next year, with a potential recovery in gross margin by 2025 as production capacity from the Hohhot base is released and production processes are optimized [3]. - The new product line, trifluoromethanesulfonic acid series, is expected to achieve sales revenue exceeding 200 million yuan in 2024, representing a year-on-year growth of 106.3%, driven by demand in the new energy and energy storage markets [3].