In the past year, Huayou firmly anchored the transformation path of "Controlling the Resources Upstream, Developing the Markets Downstream, Enhancing the Capability from Within", continued to strengthen three major advantages: industrial integration, internationalized operations, and ecological development, constantly consolidated the operational pattern of overseas resources, international manufacturing, and global markets, and maintained a steady and positive development trend in the wave of high-level opening up. In terms of resource layout, the company proactively deployed overseas key mineral resources, deepened international industrial synergy and cooperation, firmly grasped the initiative of upstream development of the industrial chain, and built core competitive barriers. In terms of technological innovation, the company continued to increase R&D investment, focused on tackling key core technologies, and continuously improved product core competitiveness and added value through continuous technological iteration and upgrading, injecting continuous and strong momentum into the company's high-quality development.

As an excellent benchmark among Zhejiang enterprises, Huayou has been deeply cultivated for 32 years, focusing on the new energy lithium battery material field, and successfully built a full-chain integrated industrial ecosystem from resources, refining, to material manufacturing and circular recycling. From strategic layout of overseas resources to comprehensive expansion of global markets, from continuous breakthroughs in technological innovation to practical implementation of green development, Huayou has always adhered to its industrial original aspiration, deeply cultivated the fertile ground of real economy, driven green transformation through technological innovation, actively fulfilled social responsibilities, assisted in the construction of Zhejiang's advanced manufacturing clusters, and continued to lead the track of high-quality industry development.

Standing at a new starting point, Huayou will continue to strengthen global industrial chain advantages, accelerate technological innovation and green transformation, focus on building new quality productive forces, adhere to the development positioning of "Five Huayou" of technology, green, openness, responsibility, and progress, increase scientific research investment, build strong talent teams, tackle key technologies, deepen the main channel of lithium battery materials, expand new spaces for green circulation, and contribute greater strength to serving national energy strategy, Zhejiang's high-quality development, and the rise of China's new energy industry with more solid innovation achievements and better development performance.