Core Viewpoint - The company emphasizes its strategic focus on innovation and collaboration with state-owned capital and research institutions to drive industrial upgrades and global expansion [3][11]. Group 1: Future Industry Focus - The company is concentrating on two key areas for future industry incubation: new energy and artificial intelligence [4]. - It is advancing the application research of niobate lithium materials, specifically 1.6T and 3.2T, while enhancing technical innovation collaboration with downstream customers [4]. Group 2: Collaboration and Standards - The company has established partnerships with renowned universities, such as Tsinghua University, and has built a national enterprise technology center [5]. - It actively participates in domestic standard-setting and aims to influence international standards to gain a competitive edge in the global industry [5]. Group 3: Investment Logic - The company prioritizes core capabilities and market demand when selecting new industry projects, emphasizing the importance of innovation as a fundamental driver of development [6]. - It is committed to refining technology and products while advancing its globalization strategy [6]. Group 4: Overcoming Project Challenges - The company believes that maintaining good communication with local governments is essential for overcoming potential policy, funding, and talent barriers [8]. - Long-term investment in research and resources is deemed crucial for ensuring project success [8]. Group 5: Role of State Capital - Since its listing in 2001, the company has maintained close cooperation with state-owned enterprises, leveraging this relationship in its industrial incubation efforts [9]. - The "民资海智" model, which combines private capital with overseas talent, has been recognized by government departments [9]. Group 6: Capital Market Support - The company relies on capital market support for its development and has engaged in multiple rounds of financing through private placements [10]. - It is exploring H-share issuance as part of its international strategy, viewing the stock market as a vital platform for capital operations [10].