Core Viewpoint - The company, Greeenmei, emphasizes its strong technological capabilities and patent portfolio in the field of lithium battery materials, aiming to lead innovation and ensure sustainable development for long-term shareholder returns [2] Group 1: Technological Capabilities - The company possesses key technologies and patents for high-voltage coated four-component precursors and ultra-high nickel core-shell precursors for lithium batteries [2] - It is focused on providing core materials for various applications, including large cylindrical batteries, "dual three-element" dual-core materials, super sodium batteries, and solid-state lithium batteries [2] Group 2: Innovation Strategy - The company is committed to innovation, following principles of originality, first products/systems, and global first-class quality [2] - An "innovation strike team" initiative is being implemented to enhance business growth through breakthrough innovations [2] Group 3: Patent Portfolio and Competitive Advantage - As of the end of 2024, the company has applied for over 5,000 patents, creating a comprehensive patent portfolio in metal raw materials, precursors, and cathode materials [2] - This patent strategy aims to protect the company's innovations, build long-term competitive barriers, and achieve sustainable development [2]

金融界8月4日消息，有投资者在互动平台向格林美提问：公司在四元及核壳前驱体方向的研发投入和专 利布局情况如何？这如何构建公司的长期竞争壁垒？ 公司回答表示：感谢您的关注！公司拥有丰富的锂电池用高电压包覆四元前驱体、超高镍核壳前驱体关 键技术及专利布局。在新能源材料领域，公司致力铸造超能"芯"、站立新高峰：为大圆柱、"双三元"双 核材料、超级钠电、固态锂电等的产业化提供核"芯"材料。玩命创新，突破关键，打开增量通道；按 照"原创、首款/首套、全球第一质量"的原则，打造，实施创新突击队行动，以创新倍增打开业务增量 新通道。公司始终坚持创新引领、质量优先战略。截至2024年底，公司累计申请专利已超过5000件。公 司通过在金属原材料、前驱体、正极材料等领域全面的专利组合，保护公司创新成果，构建长期竞争壁 垒，实现可持续发展，为股东带来"长期、稳定、可持续"的回报机制。 ...

Core Insights - The company held its 2024 annual and Q1 2025 performance briefing on May 6, 2025, showcasing its core competitiveness and understanding of future industry dynamics, technological innovation, and ESG values [1][6][10] Financial Performance - In 2024, the company achieved a record revenue of 33.2 billion yuan, an increase of 8.75% year-on-year, with a net profit of 1.02 billion yuan, up 9.19% [1][6] - The Q1 2025 report indicated a revenue of 9.496 billion yuan, reflecting a year-on-year growth of 13.67%, and a net profit of 511 million yuan, up 12.10% [1][6] Operational Strategy - The company operates on a dual-track model focusing on "urban mining + new energy materials manufacturing," which has led to significant growth in revenue, net profit, and operating cash flow [6][9] - The utilization rate of the core new energy business exceeds 95%, significantly higher than the industry average, with an average shipment growth rate of 65% [6][7] Innovation and Technology - The company has over 5,000 patent applications, holding the largest number of patents in the waste recycling sector globally [9] - Key innovations include breakthroughs in nickel core-shell precursor production and advancements in hydrometallurgical technology for nickel ore [9][10] ESG and Sustainability - The company emphasizes green and circular economy principles, maintaining a top 10% rating in ESG dimensions and initiating a carbon disclosure project [10] - Plans for 2025-2027 include maintaining a 20% growth rate in sales revenue and a 36% growth rate in core product shipments [10] Capital Strategy - The company has outlined three capital market plans, including mergers and acquisitions in domestic resource businesses and a potential secondary listing in Hong Kong [10]