Hubei Xingfa Chemicals Group (600141.SH) stated at the performance briefing that since 2024, benefiting from stable product quality and positive progress in market development, the company's iron phosphate production rate has continued to increase, market prices are among the industry leaders, and the reduction of losses and increase in efficiency of the products are significant. In the short term, the iron phosphate industry faces intense market competition, with a situation of temporary excess supply that is unlikely to fundamentally change. In the future, the company will continue to focus on improving the quality of iron phosphate products and expanding customer base, constantly enhancing the market competitiveness of the products. Currently, the company has no plans for significant capital expenditure in the field of lithium battery materials.