TJBE(SZ:000695)2025-11-18 10:38Group 1: Restructuring and Financial Strategy - The company has terminated its restructuring plan due to failure to reach consensus on commercial terms amid changing market conditions [3] - The company will not plan any major asset restructuring within one month following the termination announcement, as per regulatory guidelines [5] - The company aims to optimize its debt structure and expand financing channels to address high debt levels, primarily from shareholder loans [2][3] Group 2: Project Development and Production Capacity - The company has made progress on its 200,000-ton anode material project, with 18,000 tons of graphitization completed and 50,000 tons at the front end [3] - The company expects to complete the main construction of its projects by the end of the year and begin trial production in the first quarter of the following year [4] - Current finished product capacity stands at 40,000 tons, with an additional 40,000 tons under construction expected to be operational by Q2 next year [5] Group 3: Market and Pricing Outlook - The average selling price for the first three quarters was 10,000 yuan per ton, with expectations for significant changes in Q4 [4] - The company is focusing on cost reduction and efficiency improvement to enhance profitability as production capacity is released [4] - The company is actively exploring the potential of silicon-carbon anode materials for high-performance lithium batteries and solid-state batteries [5]