Azure(SZ:002245)2022-12-06 23:36Group 1: Company Overview - Jiangsu Aoyang Shunchang Co., Ltd. is involved in metal logistics, semiconductor, and lithium battery businesses [2][3]. - The company has a good overall capacity utilization rate in its metal logistics distribution business, with significant growth in the automotive parts sector [3]. Group 2: Lithium Battery Business - The main products are cylindrical lithium batteries (18650, 20650) primarily used in the automotive and power tool industries, with a current production capacity exceeding 150,000 units per day [3]. - The company expects to gradually reach a total capacity of 300,000 units per day by June, approximately 1 GWh [3]. - A new lithium battery project in Jiangsu is expected to reach a capacity of 1 million units per day, with construction anticipated to begin in the fourth quarter [4]. Group 3: Financial and Risk Management - The small loan company operates with a prudent management philosophy and maintains a strong risk control level, leading the industry in overall performance [3]. - The company is actively expanding its micro-loan business, with positive progress reported [3]. Group 4: Integrated Circuit Project - The integrated circuit chip project is currently in the early stages of preparation, including approvals and design plans, with substantial construction expected to take longer [4]. - The project is not expected to contribute to the company's performance this year, but efforts are being made to accelerate construction for future growth in the semiconductor business [4].