JYL Group(SZ:002882)2024-05-31 11:13Group 1: Meeting Overview - The investor research meeting was held on May 31, 2024, in Shenzhen, attended by various investment representatives and company executives [1][2]. Group 2: Business Operations - The company’s products are primarily priced based on the base copper price, with the ability to adjust contracts if copper price fluctuations exceed a certain percentage [3]. - The downturn in the real estate market has had a noticeable impact on the company's performance, as its products are mainly supplied to municipal, engineering, and public sectors [3]. - Adjustments have been made to the sales strategy for power grid projects, with future performance dependent on construction progress and bidding situations [3]. Group 3: Solid-State Battery Development - The company is transitioning from a mature and saturated cable industry to focus on solid-state battery research and development, collaborating with Chongqing University [4]. - The solid-state battery project is currently in the R&D phase, with no sales generated yet [4]. - The solid-state battery R&D team consists of 43 members, with 36 dedicated to research and a total investment of CNY 82.097 million as of March 31, 2024 [4]. - A capital increase of CNY 200 million has been approved for the subsidiary responsible for the solid-state battery project [4]. Group 4: Future Applications and Goals - The solid-state battery project aims for high energy density, safety, power, and longevity, with potential applications in power batteries, low-altitude economy, small power batteries, and energy storage [5]. Group 5: Shareholder and Industrial Park Information - The major shareholder's reduction in holdings is attributed to personal financial needs [5]. - The company operates two industrial parks in Shenzhen and Huizhou, with advanced machinery and sufficient capacity in the Huizhou park [5].