Kanhoo(SZ:300340)2022-12-06 08:32Group 1: Lithium Battery Materials Business - The main products are lithium cobalt oxide and ternary materials, with a focus on expanding into high-power applications. Sales and revenue for cathode materials are growing rapidly, and the gross margin is expected to increase as the proportion of ternary materials rises [2]. - Monthly sales are approximately 400 tons for ternary materials and over 200 tons for lithium cobalt oxide [2]. Group 2: Corporate Developments - The acquisition of Haoneng has been completed, making it a wholly-owned subsidiary, and the company is currently in the process of issuing new shares [3]. - Haoneng is a major supplier of lithium battery production equipment in China, with a significant increase in orders due to market demand [3]. Group 3: Industry Outlook - The lithium battery supply chain remains in a state of high demand, particularly for materials and equipment entering the electric vehicle battery supply system [3]. - The recent draft policy from the Ministry of Industry and Information Technology is expected to be beneficial for lithium battery equipment companies, with anticipated orders exceeding expectations in the coming years [3]. Group 4: Future Development Strategy - The lithium battery industry chain will be the primary focus for future development, with short-term goals to strengthen the production of cathode materials and equipment through both internal and external growth strategies [3].