LYKL(SH:605086)2023-11-14 08:37Group 1: Product Overview - The company offers five main categories of kaolin products, including raw kaolin, refined kaolin, super refined kaolin, modified kaolin, and comprehensive utilization products, totaling thirty-seven types [1] - Raw kaolin is directly produced from the mine, while refined kaolin undergoes a series of processing steps to enhance quality and purity [2] Group 2: Industry Competition - The kaolin industry in China is highly market-oriented, with varying physical and chemical requirements across different application fields, leading to low competition among high-end ceramics and paper-grade kaolin [2] - The industry has a low concentration level, with many small-scale producers, and high-quality kaolin resources are relatively scarce [3] Group 3: Development Strategy - The company aims to become a leading enterprise in the non-metallic mineral industry chain, focusing on both organic growth and market-driven acquisitions [3] - Future strategies include enhancing resource reserves and seeking high-quality investment opportunities to achieve significant project breakthroughs [4] Group 4: Customer Distribution - The primary customer base is located in key ceramic production regions in China, such as Fujian, Guangdong, and Shandong, with a relatively low export ratio [4] Group 5: Project Progress - The company is collaborating with a local investment group to develop the Feitianyan kaolin mine in Chaozhou, with geological exploration and feasibility studies already completed [4] - Construction of the mine's infrastructure is expected to begin in December 2023, with normal production anticipated in the first half of 2024 after obtaining safety production permits [4]