Group 1: Financial Performance - In the first half of 2021, the company's precious metal recovery business generated approximately 510 million CNY, an increase of 136% compared to the same period last year [2] - The company had a raw material value exceeding 700 million CNY acquired in Q4 2020, primarily consisting of silver and rhodium materials, contributing to the high revenue growth in H1 2021 [2] - By the end of H1 2021, the company had approximately 73 million CNY in raw materials remaining, including some from Q4 2020 [2] Group 2: Production and Capacity - The company's silver production increased from 36 tons to 93 tons during the reporting period, attributed to rapid profit growth, enhanced technical capabilities, and increased order acquisition [3] - The average production cycle for silver materials is 1-2 months, with a weekly output of about 7 tons, indicating no capacity bottlenecks [3] - The company maintains stable cooperation with major enterprises in the petrochemical and fine chemical industries, ensuring a consistent supply of raw materials [3] Group 3: Market and Competition - The company has established long-term partnerships with well-known enterprises such as Sinopec and PetroChina, focusing on comprehensive service capabilities rather than just pricing [3] - The company prioritizes high-yield business orders and evaluates profitability for each project, ensuring sustainable growth [3] - The company’s competitive advantages include strong technical capabilities, compliance with environmental regulations, and a focus on asset security for clients [3] Group 4: Future Outlook - The company is considering entering the hydrogen energy battery recycling market, which has significant platinum demand, but expects no large-scale recovery needs in the short term [4] - Plans to increase annual production capacity of precious metal new materials by 10 tons, leveraging synergies between recovery and new materials businesses [4] - Approximately 20% of the profits in H1 2021 were estimated to be influenced by fluctuations in precious metal prices [4]
浩通科技(301026) - 浩通科技调研活动信息