Xiangtan Electric responds to investors' questions about the profitability of its lithium manganese oxide business

In response to questions raised by investors on the interactive platform, Xiangtan Electric said that although the sharp fluctuations in lithium carbonate prices in recent years have brought short-term shocks to the lithium manganese oxide industry, as lithium carbonate prices return to rationality and fluctuations slow, the company's lithium manganese oxide business gross profit margin and capacity utilization are gradually returning to normal. At the same time, the downstream new energy and lithium battery industries have broad room for continued growth. As a cost-effective lithium battery material, lithium manganese oxide has a large future market space.