GEM(SZ:002340)2023-11-16 01:20Group 1: Company Performance and Strategy - The company achieved a shipment of 17,360 tons of nickel MHP with a gross margin of over 30% in Q3 2023, aiming for a total annual production of 26,000 tons [3] - The company’s strategy for 2023 focuses on addressing industry competition and internal challenges while maintaining core market share, with a dual-track business model of "new energy materials manufacturing + urban mining" [5] - The company plans to achieve a sales target of 36 billion RMB in 2023, leveraging its successful nickel resource projects in Indonesia to support growth [5] Group 2: Nickel Resource Projects - The first phase of the nickel resource project in Indonesia has reached world-class operational standards, with the second phase expected to be fully operational by 2024 [4] - The company is developing a joint venture with local nickel ore owners in Indonesia to produce new energy raw materials, effectively responding to the IRA Act and opening doors to the European and American markets [4][5] - The project is a significant step in establishing a complete supply chain from nickel ore to MHP and then to ternary precursor materials [4] Group 3: Market Position and Product Development - The company maintains a leading position in the global market for ternary precursor materials, with a shipment volume of 120,227 tons in the first three quarters of 2023, a year-on-year increase of 14.5% [6] - The company is investing in the first ternary precursor production line in Indonesia, with an annual capacity of 30,000 tons, set to commence operations in April 2024 [4] - The company’s high-nickel ternary batteries are positioned as a mainstream energy source for long-range and high-performance electric vehicles [3] Group 4: Financial Management and Investor Relations - The company’s actual controllers have committed to increasing their shareholding by no less than 30 million RMB and no more than 50 million RMB, reflecting confidence in the company’s future [7] - The company has repurchased 15,468,200 shares, accounting for 0.30% of its total share capital, with a total transaction amount of 100,917,143 RMB [7] - The company emphasizes investor rights protection and has established a dedicated investor hotline to address shareholder concerns [7]