2025-05-21 10:20Group 1: Lithium Price and Company Strategy - The price of lithium carbonate continues to decline, and the company has multiple self-owned resource projects in operation, including the Argentina Cauchari-Olaroz project and Mali Goulamina project, which have long-term cost advantages [1] - The company aims to leverage its integrated lithium battery supply chain to mitigate the impact of falling lithium prices on its business [1] Group 2: Solid-State Battery Development - The company has established a full-chain layout for solid-state batteries, achieving an energy density of 420Wh/kg and developing samples with an energy density of 500Wh/kg, passing rigorous safety tests [2] - Collaborations with leading international automotive companies and drone manufacturers are underway to innovate applications for solid-state batteries in electric vehicles and low-altitude economic scenarios [2] Group 3: Financial and Operational Updates - The first phase of the Goulamina project has entered the capacity ramp-up stage, and lithium concentrate transportation is proceeding as planned [2] - The company has received authorization for share repurchase, pending approval from upcoming shareholder meetings [3] - The energy storage segment is progressing as planned, with flexible operational models allowing for stable cash flow and quick cash recovery [4] Group 4: Revenue and Market Position - Last year, lithium battery revenue accounted for 31% of total revenue, and the company anticipates that this proportion may increase, influenced by various factors such as product sales and pricing [4] - The company is currently maintaining normal production operations and will adjust sales and production strategies based on actual market demand [4] - Lithium carbonate products produced in Argentina are being processed and gradually sold domestically [4]