DFD(SZ:002407)2022-12-04 10:18Business Segments - The company operates in three main business segments: fluorinated salts and chemical new materials, power lithium batteries, and new energy vehicles [2][3] - Key products include anhydrous aluminum fluoride, high polymer compared to cryolite, lithium hexafluorophosphate, multi-acid based on electronic grade hydrofluoric acid, ternary soft-pack power lithium-ion batteries, and new energy passenger vehicles [2] Operational Performance - The fluorinated salts segment is the main source of profit, with current production capacities of: fluorinated salts 280,000 tons, cryolite 80,000 tons, hydrofluoric acid 220,000 tons, and lithium hexafluorophosphate 8,000 tons [3] - The lithium battery segment has shown significant growth in the first half of the year, but sales have declined in the second half due to the impact of national new energy subsidy policies [3] - The new energy vehicle segment is currently operating at a loss [3] - The company has faced a situation of increasing revenue without increasing profit in recent years due to market downturns [3] Product Development and Market Strategy - Lithium hexafluorophosphate is one of the company's leading products, with a current production capacity of 8,000 tons, expected to expand to 10,000 tons in 2020 [3][4] - The company has acquired Luoyang Lanbao Fluorine Industry Co., Ltd. to control upstream resources and improve the industrial chain, ensuring the supply of high-end electronic-grade fluorine [4] - The fluorinated salts segment will focus on resource integration, mergers, and acquisitions to enhance production capacity and innovate high-end electronic-grade fluorinated products [4] Research and Development - The R&D department includes three segments: fluorinated chemicals, lithium batteries, and new energy vehicles, focusing on value creation and increasing R&D investment [5] - The company aims to establish and improve performance management and incentive mechanisms for the R&D team to enhance creativity and motivation [5] Future Outlook - The fluorinated salts market is currently at a cyclical low, with many competitors facing significant losses, but the market is expected to recover, benefiting leading companies [5] - The lithium battery segment is projected to continue increasing production capacity and shipment volume, with significant growth expected in 2019 compared to 2018, and this trend is anticipated to continue into 2020 [5]