ETS(SZ:002545)2022-11-04 11:37Group 1: Financial Performance - The company is expected to repay performance compensation of approximately CNY 170 million by the end of 2022 [2] - The total assets of the overseas subsidiary in Laos are approximately CNY 273,463.85 million as of June 2022 [3] - The steel structure business generated revenue of approximately CNY 875 million, accounting for about 45.23% of total revenue for the first half of 2022 [4] Group 2: Project Developments - The first phase of the 150,000-ton potassium chloride expansion project in Laos is scheduled to be operational by the end of June 2023 [3] - The company is currently in the equipment installation phase for the potassium chloride expansion project [5] - The company plans to increase potassium chloride production capacity to 1 million tons per year after the completion of the expansion project [6] Group 3: Market and Sales - Domestic potassium fertilizer sales are primarily settled in RMB, while overseas sales are mostly in USD [3] - The company has reported good sales performance for the year, with minimal inventory [5] - The company is actively pursuing contracts and has won bids for several projects, with an estimated total bid amount of CNY 3 to 5 billion [4] Group 4: Strategic Outlook - The company is considering potential expansion into other resource sectors, such as lithium mining, based on market conditions [5] - The management is focused on maintaining steady growth in traditional manufacturing while enhancing the potassium fertilizer business [6] - The company is monitoring the impact of global events, such as the Russia-Ukraine conflict, on the potassium fertilizer supply chain [5]