Tengyuan Cobalt's 2024 interim report reveals that the company achieved revenue of RMB 3.2 billion in the first half of 2024, representing a year-on-year increase of 31%. Since its listing, Tengyuan Cobalt has focused on its core business, adopting a technology-driven approach to continuously advance its fund-raising and investment energy projects. In particular, the advancement of the third phase of Tengyuan Cobalt Congo has significantly boosted the company's production capacity, contributing to its robust growth in performance. Additionally, the first phase of the 40,000-ton ternary precursor and 10,000-ton cobalt tetraoxide project of Ganzhou Tengchi commenced construction in December 2022. Currently, Tengchi New Energy has a production capacity of 20,000 tons of ternary precursors and 5,000 tons of cobalt tetraoxide, achieving stable supply of cobalt sulfate solution, nickel sulfate solution, manganese sulfate solution, and cobalt chloride solution. The expansion into the new energy sector will further enhance the company's market competitiveness and profitability in the field of new energy materials.