YONGTAI TECH.(002326)2024-11-29 13:04Company Overview - Zhejiang Yongtai Technology Co., Ltd. was established in 1999 and listed in 2009, headquartered in Taizhou, Zhejiang. It is a global leader in fluorine fine chemicals manufacturing, covering both inorganic and organic fluorochemical industries [2]. - The company has multiple production bases in Zhejiang, Inner Mongolia, Fujian, and Guangdong, with sufficient existing, under-construction, and planned capacities to support future core business growth [2]. Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 333,876.45 million, representing a 7.30% increase, primarily driven by the recovery in the pesticide industry [3]. - The overall gross margin improved from 15.30% in the same period last year to 17.62% this year, while management, sales, and R&D expenses decreased, resulting in a net profit loss of CNY 10,620.40 million, a reduction of CNY 7,830.42 million year-on-year [3]. Lithium Battery Materials Segment - The lithium battery materials segment has established a vertically integrated supply chain from lithium salt raw materials to electrolytes. Current production capacities include: - Solid lithium hexafluorophosphate: approximately 18,000 tons/year - Liquid lithium bis(fluorosulfonyl)imide: 67,000 tons/year in trial production [4]. - Additives: VC product at 5,000 tons/year and FEC product at 3,000 tons/year [3]. - Electrolytes: 150,000 tons/year [3]. Pharmaceutical Segment - The pharmaceutical segment has developed a vertically integrated supply chain covering cardiovascular, diabetes, central nervous system, anti-infection, and antiviral fields. Several products have received drug registration certificates from the National Medical Products Administration [4]. - The company plans to leverage core technologies to deepen development in various therapeutic areas, focusing on integrated layouts of intermediates, raw materials, and formulations [4]. Market Outlook and Strategy - The company is optimistic about the future of the lithium battery materials segment, driven by the increasing market penetration of electric vehicles. It aims to enhance market competitiveness through technological iterations and process improvements [5]. - The company is actively capturing market share in the electrolyte sector, with increasing shipment volumes. It plans to maintain competitiveness through economies of scale and optimized production processes [4]. - The demand for lithium bis(fluorosulfonyl)imide is expected to grow due to its superior properties, with production capacity currently at 67,000 tons/year [4]. Conclusion - The investor relations activity did not involve any undisclosed significant information, and the company remains focused on adjusting production and sales strategies based on market developments to enhance core competitiveness [5].