MAE(SZ:002009)2025-12-02 01:54Business Overview - The company focuses on three main business areas: automotive intelligent equipment, lithium battery recycling, and robotics [2] - Intelligent equipment is the cornerstone of the company's performance, while lithium battery recycling represents future sustainable development [2] Lithium Battery Recycling - The lithium battery recycling business includes battery recovery, secondary utilization, and recycling [2] - The company has a processing capacity of 100,000 tons of waste lithium batteries, with 50,000 tons for ternary batteries and 50,000 tons for iron-lithium batteries [2] - The company is a leading enterprise in the recycling industry, with advanced recovery processes and product quality [2][3] Market Challenges and Developments - The lithium battery recycling industry faces challenges such as insufficient raw material supply and underutilized capacity [3] - However, the company has seen a turnaround in gross profit due to rising metal prices and improved operational efficiency [3] - The company is actively developing a lithium battery recycling system covering both domestic and international markets [3] International Expansion - The company plans to establish a production base in Thailand to leverage favorable investment and tariff policies [4] - This base will support market development in Southeast Asia and enhance the company's global competitiveness [4] Robotics Business - The robotics business focuses on providing advanced embodied intelligent robot application solutions [5] - A joint venture with Beijing Galaxy General Robot Co., Ltd. aims to advance the application of intelligent robots in industrial manufacturing [5] - Another joint venture with Shenzhen Youbixun Technology Co., Ltd. focuses on developing end-to-end unmanned logistics solutions [6][7]