Recently, Longbai Group (002601) disclosed the investor relations activity record form. Longbai Group stated that its products indirectly supply BYD (002594).
Longbai Group admitted that the development of the company's new energy sector is now in a difficult time. The company will flexibly adjust its production and operation strategies based on market conditions to turn losses into profits as soon as possible. The supply-demand relationship in the new energy industry will reach a new balance in the future, and the industry will return to normal profit levels. The company has strong financial strength and technical research and development strength. Relying on the company's unique advantages in titanium-lithium coupling technology, the company has certain expectations for the prospects of the new energy materials sector and believes that the sector can survive the current difficult period.
"A market value of 100 billion yuan is the company's goal. The company will actively achieve high-quality development through production and operation management and create value for shareholders. The company is full of confidence in its future development." Longbai Group said.
