FENGYUAN(SZ:002805)2022-11-21 15:44Group 1: Company Overview - Fengyuan Co., Ltd. has transitioned from traditional oxalic acid chemical business to focus on new energy lithium battery cathode materials since its listing in 2016 [2] - The company has established a dual main business structure, focusing on both oxalic acid chemicals and new energy lithium cathode materials [2] - In Q3 2021, the cathode materials business showed significant growth, with an increased revenue share and improved profitability [2] Group 2: Production Capacity - The current planned production capacity for cathode materials is 150,000 tons, with 100,000 tons planned in Zaozhuang and an additional 75,000 tons recently announced [3] - The company has a 50,000-ton capacity planned in Anqing [3] Group 3: Technology and R&D - The company has accumulated a wealth of patent technology in lithium iron phosphate production, focusing on high energy density and safety improvements for high nickel ternary materials [3] - The R&D efforts are aimed at supporting the future development of cathode materials [3] Group 4: Supply Chain and Pricing - Lithium iron phosphate is sourced externally, with long-term cooperation agreements with manufacturers and a quarterly comprehensive pricing model [4] - The company expects a decrease in production costs for lithium iron phosphate as capacity is released and the industrial chain extends [4] Group 5: Market Outlook - The company anticipates strong demand for lithium iron phosphate products in the near future, supported by established relationships with key customers [4] - The pricing of lithium iron phosphate is expected to remain stable due to ongoing demand and supply conditions [4]