Group 1: Investment and Expansion Plans - The company is progressing on its second-phase fundraising project, which includes a comprehensive recycling workshop with a capacity of 13,500 tons of cobalt, 10,000 tons of nickel, and 15,000 tons of battery waste. The engineering and equipment installation are complete, currently in the debugging and water testing phase [3] - The company aims to expand its midstream operations while ensuring strategic partnerships with upstream and downstream enterprises to create an integrated industry chain [3] - As of the end of Q3 2022, the company's debt-to-asset ratio is below 14%, and it maintains profitability each year. The funding gap for expansion will be self-financed [3] Group 2: Environmental and Recycling Initiatives - The company emphasizes environmental protection by creating a green internal recycling system, including waste heat power generation and photovoltaic power generation [4] - The company possesses advantages in secondary resource recovery, including technology, channels, scale, and financing. It aims for a high recovery rate in secondary resource utilization [4] Group 3: Market Demand and Trends - In 2021, the demand ratio for cobalt in 3C (consumer electronics) and new energy applications was approximately 4:6. In 2022, the demand for cobalt in new energy applications increased due to a slowdown in 3C consumption [4] - The company remains optimistic about the long-term cobalt market despite recent challenges, with demand primarily driven by new energy, 3C electronics, and aerospace/military applications [4][5] - The company does not foresee limitations on cobalt demand in the new energy vehicle sector, as cobalt usage in trucks is significantly higher than in passenger cars [5] Group 4: Resource Management and Inventory - The company maintains a safety stock of raw materials sufficient for three months of production to ensure normal operations [6] - The current inventory level is considered normal in relation to the second-phase capacity release [6] - The company has established strong operational relationships in the Democratic Republic of Congo, mitigating potential operational risks [6]
腾远钴业(301219) - 赣州腾远钴业新材料股份有限公司投资者关系活动登记表