万润新能(688275) - 投资者关系活动记录表（2024年11月6日-12月6日）

Group 1: Company Overview - Wanrun New Energy aims to become a global leader in innovative energy materials, focusing on cathode materials for power and energy storage batteries [3] - The company has established or is building advanced lithium iron phosphate production capacity in both China and the U.S. [3] - Wanrun New Energy's product range includes lithium iron phosphate, iron phosphate, sodium-ion battery materials, and lithium manganese iron phosphate [3] Group 2: Production and Sales Performance - In November 2024, the company reported a production output of 26.43 million tons, with a month-on-month increase of 4.7%, maintaining a high production level [4] - The company is experiencing strong production and sales, with high capacity utilization rates and expectations for increased shipments in Q4 [4] Group 3: Competitive Advantages and Product Development - Wanrun New Energy has developed core technologies for optimizing the preparation of iron phosphate, enhancing product quality and stability [5] - The company is expanding its production capacity while focusing on high-end and differentiated demands for lithium iron phosphate [5] Group 4: Market Expansion and Customer Relations - The company has established strong partnerships with key strategic customers across various sectors, including lithium-ion and sodium-ion battery manufacturers [5] - Wanrun New Energy is actively developing its U.S. factory project, with land and building purchases completed, and is accelerating construction and procurement processes [6] Group 5: Research and Development - R&D expenses decreased in the first three quarters of 2024, but the proportion of R&D spending increased due to lower lithium carbonate prices [6] - The company is focusing on the development of sodium-ion battery materials, achieving shipments in the hundred-ton range [6] Group 6: Future Plans and Risk Management - Wanrun New Energy is committed to enhancing its competitiveness in the global market by investing in project resources and aligning with policy directions [6] - The company is optimizing its inventory management and procurement strategies for lithium carbonate to ensure production stability [7]