Farasis Energy(SH:688567)2024-06-18 10:34Management Changes - The resignation of General Manager Chen Binbo was due to personal reasons, and the company respects this decision while appreciating his contributions during his tenure [3]. - The Chairman will temporarily assume the role of General Manager to ensure continuity in daily operations [1]. Financial Performance - The company anticipates a decline in overall revenue compared to last year, primarily due to a decrease in sales prices, although shipment volumes have increased [3]. - The majority of this year's revenue is expected to come from overseas clients, with a focus on expanding the customer base for SPS products in the domestic market [3]. Strategic Direction - The company's strategic direction remains unaffected by the management change, as strategies are set by the board and implemented by the management team [3]. - The company aims to replicate and expand its industrialization process this year, having completed the initial phase of product application and delivery in domestic and international markets [3]. Product Development - The SPS product has achieved a 75% integration level and meets safety requirements such as NOTP, positioning it competitively in the market [5]. - The company is advancing its solid-state battery development, having started production of semi-solid batteries in September 2022, and is working towards full solid-state battery solutions [5]. Market Outlook - The demand for 330 Wh/kg battery products is currently low, with traditional markets focusing on improving vehicle performance rather than battery technology [6]. - The company is committed to enhancing management capabilities to meet existing customer needs while improving overall competitiveness and future profitability [4]. Collaboration and Support - Guangzhou Industrial Control's acquisition plans remain unchanged, and both parties are actively working on the private placement matters [4]. - The company will continue to receive support from Guangzhou Industrial Control in terms of customer relations and financial liquidity [4].