Dear Chairman, the national standard for new energy vehicle coolants has been finalized. What products and technical reserves does the company have in this field?
Dear investors, GB29743.2 Electric Vehicle Coolant is still in the public comment stage. Adhering to the technical development philosophy of "reserve one generation, develop one generation, upgrade one generation", Copton has accumulated sufficient technical reserves in this field. Thank you for your attention.
Has the significant drop in crude oil prices led to a significant reduction in the company's costs?
Dear investor, hello. The company's main raw material, base oil, is refined from crude oil. Its price is greatly affected by international oil prices and also by various factors such as supply and demand in the base oil market. If oil prices remain low for a long time, it will reduce the cost of the company's related raw materials. Thank you for your attention.
First of all, I would like to affirm the excellent quality of your company's products. Are the company's lubricants and related products used in batches on aircraft or ships?
Dear investors, thank you for your recognition of our product quality. As early as 2014, the company's lubricants and antifreeze products were selected as special supplies for China's North-South Polar Expedition Team and boarded the Xuelong research vessel for polar scientific investigations. Thank you for your attention.
Does the company have products sold abroad? What is the proportion?
Dear investor, hello! The company is actively developing overseas business and expanding cooperation in related fields. Thank you for your attention!
Dear Chairman, does the company conduct research on lubricant base oils?
Dear investors, the company mainly purchases lubricant base oils from world-leading base oil suppliers. Thank you for your attention.
I noticed that Copton has invested in several hydrogen energy-related companies through holdings and equity participation. Are these companies a full industrial chain layout for hydrogen energy? I understand that water electrolysis hydrogen production has broad prospects, equivalent to producing oil. I hope the company can seize the opportunity.
Dear investor, hello. Since October 2021, the company has successively increased capital and invested in Qingdao Chuangqi Xinneng Catalysis Technology Co., Ltd., which is mainly engaged in the R&D, testing, and production of catalysts for the hydrogen energy industry chain including hydrogen production, hydrogen storage, and fuel cells, and Qingdao Chuangqi Xinde New Energy Technology Co., Ltd., which is mainly engaged in industrial by-product hydrogen power generation, water electrolysis hydrogen production equipment, hydrogen production, storage, and transportation equipment such as liquid organic hydrogen storage and ammonia hydrogen storage, as well as overall application solution design; CCM double-sided direct coating technology, membrane electrode, bipolar plate, and stack R&D and production technology. The company also newly established Qingdao Hydrogen Technology Co., Ltd., mainly engaged in the production and sales of membrane electrodes, bipolar plates, and stacks. For details, please refer to the "Announcement of Qingdao Copton Technology Co., Ltd. on the Investment by Holding Subsidiaries and the Company's Cumulative Investment in the Past Year Reaching 10% of Net Assets" (2022-003) released on March 1, 2022. Thank you for your attention.