Fujian Yuanli Active Carbon (300174)2025-02-17 07:22Group 1: Company Overview and Strategy - The company focuses on the activated carbon industry chain and aims to expand into high-end products such as health medicine, environmental energy, and new materials to enhance core competitiveness [2]. - The company plans to build a circular industrial park to promote green development, strengthen the industry chain, and implement a green, low-carbon, and circular development model [2]. - The company aims to transform from a product supplier to a comprehensive solution provider, evolving into an innovative high-tech enterprise [2]. Group 2: Technological and Production Capabilities - The company has developed and mastered key technologies in activated carbon production processes, equipment, and new product development, ensuring autonomy and control [2]. - The production capacity utilization rates for activated carbon, sodium silicate, and silica gel remain high, with ongoing projects to steadily expand production capacity [3]. - The company is considering new capacity expansion plans in response to market demand for new application products [3]. Group 3: New Energy Carbon Materials - The development of new energy carbon materials is progressing well, with hard carbon and porous carbon already in mass production and gaining interest from well-known downstream manufacturers [2]. - The company plans to closely connect with key downstream customers and keep pace with market dynamics to accelerate the formation of new growth drivers [2]. Group 4: Investor Returns - According to the company's "Shareholder Return Plan for the Next Three Years (2024-2026)," it will distribute at least 50% of the annual distributable profits in cash (including share buybacks) each year [3]. - The share buyback will comply with relevant regulations and guidelines for listed companies [3].