In recent years, with the booming development of the global new energy vehicle industry and the continuous expansion of the power battery market, enterprises in the lithium industry chain have ushered in unprecedented development opportunities. As a leading enterprise in the new energy lithium material industry, Huayou Cobalt (603799), with its reasonable industrial layout and business strategy, has not only realized a stable recovery of operating results and significant improvement of cash flow in the fierce market competition, but also accumulated the power to cross the cold winter of lithium industry.

The Central Financial Work Conference held in October 2023 put forward, “unswervingly take the road of financial development with Chinese characteristics, and promote the high-quality development of China's finance”, “do a good job in science and technology finance, green finance, inclusive finance, pension finance, digital finance”

On 24th June, the 2023 National Science and Technology Awards were announced, and two scientific research achievements led by the Institute of Process Engineering of the Chinese Academy of Sciences and participated by Huayou - "Development of new equipment for lithium precursor reaction crystallisation and intelligent manufacturing of high-end anode materials", "Efficient and low-carbon treatment technology and application of lithium solid waste with whole-process optimisation" won the second prize of National Science and Technology Progress in 2023, marking that Huayou's innovative achievements in the fields of green refining of non-ferrous metals, lithium materials development, and resource recycling and regeneration have climbed to a new peak, and highlighting Huayou's leading position in the technological innovation and sustainable development of new energy materials. The leading position of Huayou in new energy material technology innovation and sustainable development.

When the setting sun gilds the Solo River, a cargo ship from Indonesia, loaded with nickel hydroxide produced by Huayue project, is smoothly moored at Jiaxing Port Terminal late at night. These nickel hydroxide will be transported to the production lines of various bases in China as quickly as possible.

Thousands of kilometres away, Pomala Town, Sulawesi Province, Indonesia, a new world-class high-end lithium industrial park is waiting to break ground.

Cobalt, as a pivotal metal resource, plays an essential role in the new energy domain, especially in the fabrication of electric vehicle batteries. High-performance lithium-ion batteries, a critical component of electric vehicles, indispensably incorporate cobalt.