Group 1: Company Overview - Jiangsu Ruitai New Energy Materials Co., Ltd. is actively involved in the research and development of solid-state battery materials, with a focus on lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) for solid-state lithium-ion batteries [2] - The sales revenue from solid-state battery materials currently represents a small proportion of the company's overall revenue [2] Group 2: Joint Ventures and Production - The company has a joint venture named Tai Rui Lian Teng with Tianji Co. and Ningde New Energy (ATL), which produces lithium hexafluorophosphate with an initial capacity of 15,000 tons, launched last year [2] - The Polish production base, Prusice, has a capacity of 40,000 tons per year for lithium-ion battery electrolyte, aimed at meeting local and European demand [3] Group 3: Financial Performance - The company's gross margin has shown a slight decline in 2024 compared to the previous year but remains relatively stable overall [3] - The stability in gross margin is attributed to a short supply chain, a focus on specialized development, and effective management across production, procurement, sales, and R&D [3]