Yunnan Germanium(SZ:002428)2022-12-05 06:24Resource Management - The company has a proven reserve of 689 tons of germanium before going public, and after acquiring 4 mining rights and 1 company with germanium mining rights, the reserve increased by approximately 250 tons [3] - The company initially purchased raw materials to ensure supply to customers, later adjusting procurement based on production and market conditions to protect its own resources and maintain competitive advantage [3] Market Applications - Currently, germanium is primarily used in catalysts, fiber optics, infrared optics, and photovoltaics [3] Military Certification - The subsidiary Kunming Yunzhong has completed military certifications, including weapon equipment quality system certification and secondary confidentiality qualification certification, which allows for production and supply qualifications but does not guarantee substantial orders [3] Production and Clientele - The production of germanium tetrachloride for fiber optics is managed by the subsidiary Wuhan Yunjingfei, with a production plan of 12 tons for 2016 [4] - Major clients for Wuhan Yunjingfei include Changfei Optical Fiber and Fiber Optic Communications, both of which are shareholders of the company [4] Price Trends and Future Directions - Germanium prices have been declining since the second half of 2015, currently at a low level but showing slight recent recovery [4] - The company aims to increase resource reserves through integration and acquisitions while focusing on developing deep-processing products and enhancing new product sales to improve profitability [4] Production Capacity - Due to significant price drops in germanium, the company reduced production last year, with plans for production adjustments to be disclosed in the annual report [5]