Malion(SZ:300586)2023-09-19 10:20Group 1: Financial Performance and Investments - The company has a 100 billion investment project divided into three phases, funded by self-owned funds, refinancing, future profits, and bank financing [2][3] - In the first half of 2023, the revenue from color masterbatch business reached 306.15 million yuan, with a gross margin increase of 3.36% year-on-year [4] - The revenue from the trichloroisocyanuric acid business was 453.86 million yuan [4] Group 2: Product Development and Market Trends - Sulfate iron is widely used in battery cathode materials, with current higher demand from lithium battery industries, but future demand from sodium-ion battery industries is expected to be significant [2] - The company is a key player in the Prussian blue cathode material for sodium-ion batteries, which is noted for its low cost and high performance [3] - The company’s wet-process separator sales have steadily increased this year, with orders nearly full [3] Group 3: Market Strategy and Challenges - The company plans to accelerate the shipment of Prussian blue cathode materials in the fourth quarter to counteract the downturn in the new energy sector [3] - The company maintains a stable growth in overseas market sales in the first half of the year [3] - The company’s investments are strategically aligned with its development needs, ensuring controlled risks [3]