HANRUI COBALT(SZ:300618)2022-11-22 03:06Group 1: Company Overview and Market Position - Nanjing Hanrui Cobalt Industry Co., Ltd. focuses on cobalt and copper production, with a significant emphasis on market value management and strategic industry layout to enhance company value [1][2]. - The company currently holds one mining right in the Democratic Republic of Congo (DRC) and primarily utilizes leasing and direct procurement for raw material acquisition [2][3]. Group 2: Financial Performance and Projections - In 2020, the company's revenue from copper exceeded that from cobalt, attributed to the production of 20,000 tons of copper from the Kolwezi project and increased capacity from the Congo Mite copper project [4]. - The company anticipates a shift in revenue proportions as new cobalt projects come online, including a 5,000-ton cobalt project in Kolwezi and the Ganzhou Hanrui project [4]. Group 3: Product Applications and Market Trends - Cobalt materials are crucial for lithium cobalt oxide batteries, which are widely used in consumer electronics, and for ternary lithium batteries, a mainstream technology for automotive power batteries [2][3]. - The company remains optimistic about cobalt prices in 2021, despite fluctuations influenced by various factors [3]. Group 4: Research and Development - The company has a strong focus on R&D, holding 36 patents, including 20 national invention patents, and aims to enhance product quality and performance to meet diverse customer needs [6][7]. - Future strategies include expanding the recycling of used batteries, which is expected to become a significant resource source [5][7]. Group 5: Operational Challenges and Future Plans - The company is aware of rising management and financial costs due to major project developments but believes these expenses align with business growth [2]. - Plans for future resource acquisition and development will focus on upstream resources for new energy vehicles, with an international professional team established to enhance resource acquisition efforts [5][7].