CNGR(300919)2024-10-31 12:07Group 1: Company Overview and Investor Relations - Zhongwei New Materials Co., Ltd. held an investor relations event on October 31, 2024, in Changsha, Hunan Province [1] - Key personnel included Mr. Tao Wu (Director and Senior Vice President), Mr. Zhu Zongyuan (CFO and Vice President), and Mr. Xian Shuo (Chief Expert of Research Institute and Vice President) [1] Group 2: Nickel Production and Supply Chain - The company has established a nickel raw material industrial base with nearly 200,000 metal tons of capacity, including projects like Debang and Emerald Bay, which have an annual production of 55,000 metal tons of nickel [2] - In the first nine months of 2024, the company produced over 60,000 metal tons of nickel products, with expectations for continued profit growth as production capacity increases [2] - The self-supply ratio of nickel is projected to reach nearly 50% this year and continue to rise next year [2] Group 3: Product Sales and Market Performance - Sales of nickel, cobalt, phosphorus, and sodium products exceeded 210,000 tons, showing year-on-year growth [2] - The sales volume of ternary precursors exceeded 80,000 tons, while cobalt product sales increased by 22% in Q3 due to rising demand in consumer electronics [2] - Phosphorus products achieved an 80% year-on-year growth, positioning the company among the industry's top players [2] Group 4: Future Product Development and Strategic Partnerships - The company is a core supplier of sodium-ion battery precursors, with orders increasing by 300% in Q3 [3] - It has established a long-term stable partnership with CATL, supplying materials for their new lithium-sodium AB battery [3] - Plans include developing a product matrix based on market demand, focusing on cost-effective products and innovative technology routes [3] Group 5: Financial Management and Growth Strategy - The company reported a cash flow from operating activities of 2.868 billion yuan, a year-on-year increase of 31.37% [4] - It maintains close cooperation with major banks to ensure sustainable development and capital expansion [4]