**Star News, Xianglou New Materials (301160) replied to investors' concerns on the investor relations platform on February 24.
Investors:What is the current output of your company's battery shell products? Thank you.
Secretary of the Board of Directors of Xianglou New Materials:Dear investors, hello! The company is not involved in battery case products at present, thank you for your attention. Thank you.
Investors:Is the current structure of the Anhui factory capped? What is the probability of achieving the goal of starting production at the beginning of 25?
Secretary of the Board of Directors of Xianglou New Materials:Dear investors, hello! The Anhui factory is under steady construction, please pay attention to the company's regular report and the subsequent disclosure of the special report on the raised funds. Thank you for your interest. Thank you.
Investors:According to the review opinions of Anhui Province on the energy-saving report of your Anhui project, the total investment of the project is 1.7 billion, and 150,000 tons will be completed after production, including 70,000 tons in the first phase and 80,000 tons in the second phase. May I ask whether your company will be put into production 40,000 tons or 70,000 tons in 25 years, if it is 40,000 tons, what is the current progress of the other 30,000 tons in the first phase, and when will it be put into production?
Secretary of the Board of Directors of Xianglou New Materials:Dear investors, hello! The Anhui plant is expected to produce 40,000 tons in the first year of operation in 2025, and the remaining production capacity will take some time to ramp up. Thank you for your interest. Thank you.
Investors:Your company's 40,000-ton project in Anhui, the first construction and installation investment table in the construction and installation project is only about 5 million, and later adjusted to nearly 200 million, why is the deviation so big? I read your company's 2022 announcement in detail and didn't find the answer. These 40,000 tons need to invest more than 400 million, how much can you earn every year?
Secretary of the Board of Directors of Xianglou New Materials:Dear investors, hello! The company's implementation method has been changed from the use of the existing Suzhou factory real estate construction to the newly purchased land and the construction of a new plant, that is, the Anhui factory is now under construction. Investors are requested to refer to the "Announcement on Changing the Implementation Method, Implementation Entity and Implementation Location, Adjusting the Investment Amount and Internal Investment Structure, Using Over-raised Funds to Increase Investment and Adjusting the Implementation Progress of the Fundraising Project" (Announcement No.: 202-051) disclosed by the company. Thank you for your attention, thank you.
Investors:Does your company have a competitive relationship with AVIC Precision Machinery, Hexin Jingchong, Suzhou Changxing, Suzhou Dongzhi, Suzhou Xinzhi, Wuxi Fanen, Wuxi Zhongjie, Zhejiang Longsheng, Zhongjing Group, Hangzhou New Coordinates, Henan Xingguang and Guangzhou Huaguan? These companies can do fine blanking, why do you say that only your company realizes domestic substitution?
Secretary of the Board of Directors of Xianglou New Materials:Dear investors, hello! Most of the above-mentioned companies you mentioned are parts manufacturing enterprises, and the company does not produce parts and components, and there is no competition with the above-mentioned companies. The company's market positioning is to solve the localization demand of new materials in high-end manufacturing, promote the domestic substitution of fine blanking materials for auto parts, and break the foreign monopoly of some key materials for auto parts. Thank you for your attention, thank you.
Investors:Why doesn't the company issue a performance forecast and update the number of shareholders in a timely manner?
Secretary of the Board of Directors of Xianglou New Materials:Dear investors, hello! The company strictly fulfills its information disclosure obligations in strict accordance with the provisions of the "Listing Rules of the Growth Enterprise Market of the Shenzhen Stock Exchange" and other laws and regulations on performance forecasts. The company's 2023 annual report is scheduled to be disclosed on April 12, 2024, and investors are also requested to pay attention to the company's regular report for the number of shareholders. Thank you for your interest. Thank you.
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