ZGXT(SZ:000831)2022-12-06 11:18Group 1: Company Capacity and Production - The company's total production capacity is 12,000 tons, with Hongjin Company at 4,600 tons, Dahua Company at 4,400 tons, and Jianfeng Company at 3,000 tons [2] - In 2015, the company received a rare earth production quota of 4,627 tons, but the capacity utilization rate did not exceed 40% [2] - The actual production in 2015 was only over 3,000 tons, resulting in a capacity utilization rate of less than 30% [2] Group 2: Raw Material Procurement and Inventory - The company sources its raw materials through market procurement, primarily from Ganzhou, Jiangxi, and other relevant provinces [3] - As of the end of 2015, the company's inventory had a book value of approximately 1.1 billion yuan, with a stock volume of nearly 6,000 tons [3] Group 3: Mining Rights and Industry Competition - China Minmetals indirectly controls several rare earth mining and separation enterprises, holding three mining rights certificates [3] - There is no direct competition between the mining enterprises and the company, as some have been inactive for years [3] Group 4: Market Outlook and Sales Strategy - The company does not directly participate in state storage activities, but such actions could influence rare earth product prices [4] - Despite facing operational difficulties, the company is restructuring its marketing system to align with production technology and customer needs [4]