DFD(SZ:002407)2022-12-04 09:54Group 1: Company Overview and Performance - Duofuduo Chemical Co., Ltd. is actively engaging with investors through online meetings and presentations [2][4]. - The company’s chairman, Li Shijiang, presented the 2019 performance and operational status during the investor relations activity [4]. - The company has faced challenges due to the COVID-19 pandemic, impacting both the company and its partners [5]. Group 2: Response to COVID-19 - The pandemic has led to the emergence of a health protection industry, prompting the company to focus on protective materials [5]. - Duofuduo has established two automated production lines for melt-blown non-woven fabric and plans to invest in four additional lines, aiming for a total capacity of 10 tons per day [6][12]. - A sales contract worth RMB 200 million (including tax) has been signed with Shengguang Medical Products for melt-blown fabric [6]. Group 3: Production and Capacity Expansion - The company is enhancing its production capacity to address the shortage of key raw materials for masks [6]. - The first new production line has been tested and is in mass production as of late April 2020 [6]. - The acquisition of Luoyang Lanbao Fluorine Industry Co., Ltd. will strengthen the company’s upstream resource integration in the fluorochemical sector [7][8]. Group 4: Financial Performance and Market Strategy - The company’s revenue from fluorinated salts decreased by one-third in 2019, with sales volume dropping nearly 20% [9][10]. - The decline in performance is attributed to lower sales prices and increased impairment provisions [10]. - The company plans to maintain its leading position in the fluorinated salt industry and expects a rebound in the second half of 2020 [10]. Group 5: Future Development Plans - The company aims to develop high-end melt-blown products and integrate new functionalities and biodegradable materials into its offerings [12]. - Future production capacity for lithium bis(fluorosulfonyl)imide (LiFSI) is projected to reach 1,000-2,000 tons [10]. - The company is focusing on expanding its market presence in the energy storage and electric vehicle sectors [9].