LIANHE TECHNOLOGY(002250)2023-06-13 07:18Group 1: Company Performance and Challenges - The main reason for the loss of the UK subsidiary in 2022 was the upgrade of production lines, which led to a decrease in capacity utilization and consequently reduced revenue. Additionally, rising energy prices and exchange losses due to international situation changes contributed to the losses. As of now, the upgrade work has been largely completed [1]. - The company began operating in business divisions in 2015, establishing the functional chemicals division to leverage its accumulated technology and experience. This division has defined a strategy for entering the new energy market based on industry development and market conditions [1]. Group 2: New Energy Sector Development - The company believes that the rapid development of the new energy industry, with its long market cycles and high importance, aligns with its mission of "green chemistry and technology creating a better life." This alignment is consistent with the company's values and capabilities [1]. - Currently, the company is confident in developing more products in the new energy and new materials sectors, accelerating the execution of its new energy strategy and project implementation [1]. Group 3: Product Development and Market Conditions - The lithium hexafluorophosphate product is currently in the trial production stage, with plans to continue improving quality systems and production processes. The development of lithium difluoro(oxalato)borate and other products is proceeding as scheduled [2]. - The global plant protection market has shifted from a "stockpiling" phase to a "de-stocking" phase due to geopolitical tensions, which is a normal market reaction. The company continues to enhance communication with customers and improve technology to mitigate negative impacts from market fluctuations [2]. Group 4: CRO Business Development - The company has established a CRO platform and team to better meet new customer demands, providing one-stop solutions. The CRO platform has officially commenced operations [2].