Gelonghui, December 30: Guosen's Research Reports pointed out that CNGR Advanced Material (300919.SZ) continues to promote product diversification and integration of the Industry Chain. It has formed a comprehensive product layout covering nickel-based, cobalt-based, phosphorus-based, sodium-based, manganese-based materials, and continues to develop on the resource and smelting ends. The company has maintained the industry's highest market share in domestic ternary precursor and cobalt oxide markets for several years. Among them, the company's ternary precursor variety is comprehensive, with mass production progress of medium-nickel high voltage and ultra-high nickel products leading the CSI Leading Industry Index. Currently, the company has deep cooperation with leading domestic and international battery and material enterprises such as Tesla, LG Chem, Samsung SDI, Contemporary Amperex Technology, and Ningbo Ronbay New Energy Technology. Looking ahead, the company's industry-leading position in precursors is expected to remain stable, relying on cooperation with global chemical plants and clients in Morocco, South Korea, and more. Based on absolute and relative valuations, the company’s Stocks reasonable value is estimated to be between 44.7 - 47.3 yuan, which presents a premium space of 20% - 27% relative to the company's current stock price. First coverage, rating 'Outperform the Market.'