CNNC Hua Yuan Titanium Dioxide: 2024 Net Profit Up 34.84% YoY, Titanium Dioxide Sales Up 33.44% YoY. The 2024 annual report of CNNC Hua Yuan Titanium Dioxide showed that the company's operating revenue in 2024 was 6.875 billion yuan, up 38.98% YoY. The company's main revenue sources were titanium dioxide, phosphate ore, yellow phosphorus, and iron phosphate. Among them, the sales volume of titanium dioxide in 2024 was 428,400 mt, up 33.44% YoY, achieving operating revenue of 5.837 billion yuan. The sales volume of phosphate ore was 498,200 mt, including 258,600 mt for exports, achieving operating revenue of 206 million yuan.

Dazhong Mining recently announced that the "Exploitation and Utilization Plan for Lithium Ore Resources in the Tongtianmiao Section of the Jijiaoshan Mining Area, Linwu County, Hunan Province," submitted by its wholly-owned subsidiary, Chenzhou Chengtai Mining Investment Co., Ltd., has passed the expert review organized by the Strategic Research Center for Oil and Gas Resources of the Ministry of Natural Resources, and an expert review opinion has been issued. This year, the company will focus on advancing the construction of the lithium mine project.

Narada Power Executive President Gao Xiubing: Data Center Business Orders Are Full, Solid-State Battery Mass Production Cost Expected to Be Below 1 Yuan/Wh. ① This year, the growth of the company's data center business is a new highlight. Currently, the company's domestic orders are full, with a capacity utilization rate exceeding 90%. ② Gao Xiubing stated that it is expected that in another two to three years, the company's solid-state batteries can be used in low-altitude aircraft. ③ With the accelerated layout of computing power center construction, the data center battery products are experiencing explosive growth, both domestically and overseas. (Cailian Press)

In Q1 this year, the ESS market showed high activity, with top-tier battery enterprises speeding up their new capacity layout.

【3.31 Lithium Battery News】 ► Dazhong Mining: The development and utilization plan for the lithium ore resources in the Tongtianmiao section of the Jijiaoshan mining area has passed expert review. ► Ronbay Technology: The cathode material for all-solid-state batteries will be finalized within the year, and the mass production line for sulfide solid-state electrolytes will be completed next year. ► Wan Gang, Chairman of the China Association for Science and Technology: Coordinated development of liquid power batteries, solid-liquid hybrid batteries, and all-solid-state batteries will be promoted. ► REPT Battero: The 310Wh/kg half-solid-state battery is expected to enter small-scale production this year. ► Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology: Comprehensive measures will be taken to address the cut-throat competition in the automotive industry.

【Total Loss May Reach 10 Billion Yuan! How Will the "Lithium Mine Duo" Break Through in 2025?】In 2024, Tianqi Lithium achieved an operating revenue of 13.063 billion yuan, a YoY decline of 67.75%. The net loss attributable to shareholders of the publicly listed firm was 7.905 billion yuan, a YoY decline of 208.32%. Ganfeng Lithium is expected to report a net loss of 1.4 billion to 2.1 billion yuan, a YoY decline of 128.3% to 142.45%. (Battery Network)

The Power Battery Industry Faces Another Reshuffle! Who Is Losing Speed? Who Is Overtaking? In February, the ranking of power battery installations underwent significant changes, with the market share of several companies declining MoM. Some enterprises are losing speed, while others are overtaking, marking the beginning of a new reshuffle period. (Battery Network)

[SMM Analysis] On March 24, 2025, the Ministry of Finance released the “Report on the Implementation of China's Fiscal Policy in 2024”, which explicitly proposed that in 2025, fiscal policy will implement a more forceful “green shift.” Under the framework of the “dual carbon” goals, the development of renewable energy and the promotion of new energy vehicles will be used as strategic fulcrums. This policy orientation not only reflects the intrinsic needs of China's high-quality economic development but also provides a Chinese solution for the global energy transition.

【SMM Analysis】On March 24, 2025, the Ministry of Finance released the "2024 China Fiscal Policy Implementation Report," which explicitly stated that the fiscal policy in 2025 would implement a more robust "green shift." Under the framework of the "dual carbon" goals, the development of renewable energy and the promotion of NEVs would serve as strategic pivots. This policy direction not only reflects the intrinsic demand for high-quality economic development in China but also provides a Chinese solution for global energy transition.