On November 21, Gelonghui reported that Fangyuan Co., Ltd. (688148.SH) stated on the interactive platform that, leveraging the company's advantages in wet process technology, it has already established mature technology in lithium recovery, achieving a high recovery rate and high product purity, while the lithium extraction costs are relatively low, theoretically reaching a considerably high level of gross margin. However, the company's lithium carbonate production capacity is still in the ramp-up phase, and due to substantial fixed expenses such as depreciation of production line fixed assets, labor costs, and amortization expenses, the gross margin level may experience fluctuations.