GPTY(000545)2024-11-07 09:25Group 1: Capacity Expansion and Sales Strategy - The company plans to expand capacity primarily through industry mergers and acquisitions, with a focus on chloride method advancements [1] - Titanium dioxide direct sales account for approximately 75%, while distributors account for about 25%; main markets include coatings, plastic profiles, inks, rubber, and decorative paper [1] Group 2: Sales Expenses and Strategy - Recent fluctuations in sales expenses are attributed to rising insurance costs and increased travel and advertising expenses following the relaxation of control measures; the current sales strategy is to adjust prices according to market conditions to maintain market share [1] - The company aims to reduce capital occupation and increase the proportion of sales to prepayment customers [1] Group 3: Raw Material Procurement and Pricing - The main sources of titanium ore procurement include mines in Chengde, South Africa, Norway, and Egypt; the price trend for the year has been relatively stable with minor fluctuations [1] Group 4: Future Projects and R&D - The progress of the 50,000 tons/year battery-grade iron phosphate project has slowed due to current market conditions, while the sulfuric acid project is advancing as planned [2] - The company intends to focus on the titanium dioxide industry and upstream development, leveraging capital to achieve restructuring and expansion of titanium dioxide capacity [2] - High R&D expenditure is primarily allocated to product development optimization, energy saving, consumption reduction, and emission reduction projects [2]