Gelonghui, May 9, 丨 Jin Fu Technology (300128.SZ) recently stated at the 2023 annual results online briefing that the first phase of the 10,000 tons/year fluorine-free binder project built by the company already has an initial large-scale mass production capacity of 1 thousand tons/year. The project product can be used in various consumer, power and energy storage lithium batteries, and plays a key role in battery cathode materials. Compared with traditional cathode binder materials, it has better effects on parameters such as stability, dosage, and adhesion, and its fluoride-free characteristics are also more friendly to the environment and human contact. The company is actively sending samples to mainstream domestic lithium battery manufacturers for testing. The test cycle takes about 3 months. After the test is passed, there is also a customer factory inspection process. After the inspection is passed, it is expected that there will be small-batch orders. The entire cycle is 4-6 months depending on the customer. We expect to generate product sales revenue in the third and fourth quarters of this year. Currently, the company is advancing the preliminary work of the second phase of the project. If the main customer testing work is successful, it will accelerate the construction of the second phase of the project and form a production capacity of 10,000 tons/year by the end of the year, which will basically meet the needs of major customers in the first and second quarters of next year. In the future, the company will continue to promote mass production and expansion of production related to this material, continue to develop and improve product performance, contribute to increasingly booming market demand, and provide stronger support for the company to advance the new energy and new materials business layout.