Dynanonic(SZ:300769)2023-07-17 17:30Group 1: Financial Performance - The company expects a loss of 1.04 to 1.17 billion in the first half of 2023, with a reduction in losses in the second quarter compared to the first quarter [2] - Sales revenue and volume of products achieved year-on-year growth in the first half of 2023 [2][3] Group 2: Market Conditions - The decline in sales prices was influenced by a significant drop in lithium salt prices and a slowdown in downstream demand [3] - The company's production capacity utilization rate began to recover in May 2023, reaching full production and sales in June [3][4] Group 3: Product Development - The company has made progress in its new product, lithium manganese phosphate, which is expected to ramp up production in the second half of 2023 [4] - The company has built a production capacity of 110,000 tons for lithium manganese phosphate, leading in scale and capability for mass production [4] Group 4: Strategic Initiatives - The company is focusing on deepening cooperation with existing customers while also developing new clients to optimize customer structure and increase sales [5] - A strategy to reduce costs and enhance internal efficiency is being implemented to improve profitability [5]