Financial Data and Key Metrics Changes - Consolidated revenue increased by 36.5% year-over-year to $13.9 million, compared to approximately $14.6 million in the same period last year [4] - Consolidated net income attributable to shareholders reached $2.65 million, representing a 150-fold increase year-over-year [8] Business Line Data and Key Metrics Changes - Hi-Trons segment generated approximately $7.2 million in revenue, a 143.7% increase year-over-year [4] - Battery business revenue grew 0.7% year-over-year, stabilizing after a short-term volume decline [5] - Net loss for Hi-Trons narrowed to $2.1 million, an 18.8% improvement from $2.6 million in the same period of 2024 [8] - Battery segment's net income rebounded by 122.7% to $4.53 million, compared to $2.04 million a year ago [8] Market Data and Key Metrics Changes - The recovery in the raw material market has positively impacted Hi-Trons' performance, indicating a potential balance in supply and demand [14] - The company is expanding production capacity significantly, with the Nanjing phase 2 facility expected to add 2 GWh of capacity [5] Company Strategy and Development Direction - The company is pursuing overseas manufacturing expansion, contingent on updates to China's export control policies [9] - A term sheet has been signed with a major Asian company to jointly develop an overseas lithium battery production base, reflecting strong strategic alignment [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of the raw materials industry and its positive impact on Hi-Trons' results [9] - The company anticipates that the new production lines will enhance earnings performance and contribute to sustainable value for shareholders [9] Other Important Information - The Nanjing phase 2 facility is expected to begin mass production in mid-November 2025, addressing supply shortages [5] - The Dalian facility has commissioned a new production line for the higher-performance 40135 model, which is expected to drive growth in 2026 [6][7] Q&A Session Summary Question: Customer concentration in the LEV market and sustainability of sales - Management noted strong development in the LEV business, particularly in Southeast Asia, with ongoing communications with top OEMs in India [12] Question: Market outlook for Hi-Trons and potential oversupply - Management indicated that Hi-Trons will focus on improving quality and performance of current products, expecting stronger performance in the coming quarters [14] Question: Production capacity expectations for 2026 - Management confirmed that all necessary equipment is installed, with mass production expected by Q1 next year, achieving over 6 GWh capacity in accordance with customer orders [15][16]