Question 1: How do you view the impact of the anti-internal competition in the photovoltaic industry on the company?
Answer: In the first half of 2025, due to the contradiction between supply and demand and the mismatch of production capacity, the prices of products at all links of the photovoltaic industry chain dropped significantly and continued to decline, and the photovoltaic industry generally suffered losses. Against the backdrop of the "anti-internal competition" and industry self-discipline in the photovoltaic sector, there are already signs of price recovery in the upstream and downstream of the supply chain. When the industry returns to high-quality and orderly development, the demand for the photovoltaic industry will continue to grow. Companies will keep making efforts in differentiated products and scenario-based applications, and continuously expand the diversified premium market with high-quality products. Secondly, the company will continue to set higher requirements in terms of cost control and cost reduction and efficiency improvement. Through the above measures, the company aims to achieve high-quality development as soon as possible.
Question 2: Could you please introduce the situation of the company's robot direction?
Answer: The company has established Anhui Yuefeng Zhidong Robot Co., Ltd. and is actively laying out component products in the field of robots. Meanwhile, the company has completed the drawing design for the component products and started mold opening in the near future. At the same time, it has signed confidentiality agreements with some leading robot companies to jointly develop component products in the direction of magnesium and aluminum alloys. The company has always strictly adhered to the requirements of information disclosure. For specific details, please pay attention to the company's announcements. At present, the company has formulated a diversified development strategy. By establishing an alloy materials research institute and strengthening cooperation with scientific research platforms such as Central South University, it is committed to building a technology platform-based layout and achieving coordinated development of the "new energy + new technology" dual tracks.
Question 3: How is the company's progress in the low-altitude economy?
Answer: The company has currently been supplying components such as the front cabin lower reinforcement assembly and the front collision beam assembly to leading flying car companies. It is currently in the stage of delivering samples and is expected to enter large-scale production by the end of the first quarter of next year. Meanwhile, the company is also actively developing customers in the field of flying cars to assist in the application of lightweight products in the low-altitude economy.
Question 4: How is the company's development work on composite materials?
Answer: The company established Anhui Yuefeng New Materials Co., Ltd. with the aim of better expanding new market Spaces and application scenarios in the fields of new energy photovoltaic and new energy vehicles, and further enhancing the company's comprehensive competitive strength. At present, the company has submitted two patent applications to the National Intellectual Property Administration for the application of composite materials and they have been accepted by the administration. This further highlights the company's capabilities and execution in the direction of research and development innovation.
Question 5: What is the planned production capacity and commissioning pace of the company's factory in Malaysia?
Answer: The total designed production capacity of the company's Malaysia base is 100,000 tons, including 60,000 tons of photovoltaic aluminum frames and 40,000 tons of automotive parts. The photovoltaic aluminum frame project is expected to be put into operation as early as the end of November 2025. From the perspective of profit, Malaysia has set its sights on overseas markets, and the processing fee prices are much higher than those in the domestic market. Therefore, the profitability of the Malaysian base is relatively considerable and it will be one of the important profit contribution points for the company in the future. Meanwhile, the construction of the company's overseas sales team has begun. The company actively participates in overseas exhibitions and rapidly develops high-quality foreign customers. Recently, many overseas customers have come to the company for factory audits.
Question 6: How is the share reduction situation of the holding platform?
Answer: As of now, the company's shareholding platform has not reduced its holdings.
