Kanhoo(SZ:300340)2022-12-06 09:06Group 1: Business Overview - The overall market demand for luminescent materials is declining, leading to a contraction in the market [2] - The sales revenue has remained relatively stable, with the decline in luminescent materials offset by the growth in lithium battery materials [2] Group 2: Lithium Battery Materials - The main products are lithium cobalt oxide and ternary materials, with the latter primarily used in small power applications and expanding into high-power applications [2][3] - The sales volume and revenue of positive electrode materials are growing rapidly, and the gross margin is expected to increase as the proportion of ternary materials rises [3] Group 3: Strategic Development - The company is focusing on actively developing in the lithium battery sector, with investments in upstream and downstream operations [3] - The acquisition of Haoneng Technology is aimed at enhancing capabilities in lithium battery equipment, with a strong synergy expected between the two companies [3] Group 4: Future Expansion - There is a possibility of further expansion in the lithium battery industry, although specific plans have not been detailed [3]