KMCJNC(SZ:300505)2023-04-26 10:13Group 1: Company Strategy and Performance - The company aims to ensure performance growth through a long-term strategy focusing on the integration of phosphate chemicals and new energy, enhancing the research and development of electrochemical materials, and optimizing synthesis processes to improve product performance and reduce costs [1] - The company plans to strengthen its competitive advantage in phosphate resources, particularly in high-margin products like purified phosphoric acid, to increase the added value of phosphate resources [1] - The company intends to invest in soft power aspects such as R&D capability, management, financing, sales, and brand building to enhance overall performance [1] Group 2: Production Capacity and Market Outlook - In 2023, the company expects to achieve full production and sales of purified phosphoric acid, with an estimated output of 40,000 tons [2] - The company has launched a 300,000-ton sulfuric acid production facility in Guangxi, which is expected to contribute several million yuan in thermal energy benefits throughout the year [2] - The company is gradually ramping up production of iron phosphate and lithium iron phosphate [2] Group 3: Financial Performance and Challenges - In Q1 2023, the company reported a revenue increase of 17.37% year-on-year, but profits decreased by 93.35% due to market conditions affecting the new energy and phosphate chemical sectors [4] - The company’s stock price has dropped by 40% over two months, attributed to market influences rather than operational issues [4] - The company is currently in the process of a significant capital increase of 1.5 billion yuan, which has been approved by the Shenzhen Stock Exchange and is awaiting registration with the CSRC [4] Group 4: Research and Development Investments - The company has increased R&D expenditures to enhance the extraction efficiency of purified phosphoric acid and strengthen the coupling of phosphate chemicals with electrochemistry [4] - The rise in R&D costs is expected to improve product performance and cost control, ensuring future market competitiveness [4] - The company plans to maintain stable R&D investments moving forward [4]