[Huayou Cobalt Industry: The Competitive Advantage of Ternary Cathode Materials Further Emerges] Huayou Cobalt Industry stated on the investor interaction platform on July 12 that ternary lithium batteries adopt ternary materials as cathode materials, which can provide electric vehicles with higher driving range, faster charging speed, stronger power output, and better low-temperature performance. In addition, the proportion of metal raw materials with higher value such as nickel, cobalt, and lithium in ternary cathode materials is relatively high, making them have higher resource recycling value. As the prices of nickel, cobalt, and lithium fall and maintain low-level fluctuations, the competitive advantage of ternary cathode materials is further highlighted.

[Huayou Cobalt Industry, CGN Wind Power, etc. establish a new power company] According to the QCC.com APP, Yulin Hualong Electric Power Co., Ltd. was recently established with a registered capital of 2 million yuan. Its business scope includes: power generation, power transmission, power supply (distribution); installation, maintenance, and testing of power transmission, power supply, and power receiving facilities. According to the equity penetration information on QCC.com, the company is jointly owned by Huayou Cobalt Industry (603799), CGN Wind Power Co., Ltd., and Yulin Energy Investment Co., Ltd.

Recently, Chengdu Huayou Energy Technology Co., Ltd. was established with a registered capital of 37.5 million yuan. The company is jointly owned by Zhejiang Huayou Recycling Technology Co., Ltd., a wholly-owned subsidiary of Huayou Cobalt Industry Co., Ltd., and other shareholders, with Huayou Recycling holding 51% of the shares.

On the evening of June 26th, Huayou Cobalt Industry responded to investors' questions about "why the company's revenue and profit growth have stagnated" on the investor interaction platform. It said that with the gradual release of the company's new production capacity, the shipment volume of its main products had increased to varying degrees year-on-year. However, since last year, the prices of energy metals such as nickel, lithium, and cobalt have fallen to varying degrees, resulting in a decline in product sales prices and a compression of profit margins. Therefore, revenue growth has been limited, and net profit attributable to shareholders has declined accordingly.

【Huayou Cobalt applies for a patent to improve the reversible specific capacity and cycling stability of single-crystal ternary materials】According to the intellectual property information searched by Tianyancha, Zhejiang Huayou Cobalt Industry Co., Ltd. has applied for a patent named "Fluxing Agent, Single-Crystal Ternary Material and Its Preparation Method and Application". The patent abstract shows that the application relates to a fluxing agent, single-crystal ternary material and its preparation method and application. The single-crystal ternary material includes a core and a coating layer covering at least a part of the surface of the core. The ratio of the area of the (003) peak to the area of the (104) peak in the XRD spectrum of the single-crystal ternary material is ≥1.26, thereby improving the reversible specific capacity and cycling stability of the single-crystal ternary material.

Solid-State Battery: Huayou Bamco Technology Has Achieved 10-Ton Batch Shipment of Solid and Semi-Solid Battery Cathode Materials. According to the report of Cai Lian She on May 24th, Huayou Cobalt Industry said on the interactive platform that the company attaches great importance to technological innovation and product development, and continues to pay attention to the progress of solid-state battery-related technologies. Bamco Technology, a controlled subsidiary of the company, is cooperating with multiple downstream customers to develop solid and semi-solid battery cathode materials, and has achieved 10-ton batch shipment.