Recently, Boqian New Materials released a record sheet of investor relations activities. Among them, it was mentioned that in the field of no silvering and less silver conversion of photovoltaics, the company is one of the few domestic enterprises with the ability to prepare ultra-fine copper powder and silver coated copper powder on a large scale using the PVD method, and related products have entered the photovoltaic metallized materials supply chain. Looking forward to the future, in the context of high silver prices, industrialization momentum in the direction of low silver, silver coated copper, pure copper, etc. is increasing, and there is room for development in the medium to long term; investors are also reminded that the PV industry cycle fluctuates greatly. Large-scale applications of copper to silver technology need to take into account battery conversion efficiency, product reliability, production yield and comprehensive costs. The verification and introduction cycle for downstream customers may be relatively long. If competition in the industry intensifies in the future, processing fees and profit levels of related products may also fluctuate. We ask investors to pay attention to investment risks.

Recently, Boqian New Materials released a record sheet of investor relations activities. Among them, it was mentioned that in the field of no silvering and less silver conversion of photovoltaics, the company is one of the few domestic enterprises with the ability to prepare ultra-fine copper powder and silver coated copper powder on a large scale using the PVD method, and related products have entered the photovoltaic metallized materials supply chain. Looking forward to the future, in the context of high silver prices, industrialization momentum in the direction of low silver, silver coated copper, pure copper, etc. is increasing, and there is room for development in the medium to long term; investors are also reminded that the PV industry cycle fluctuates greatly. Large-scale applications of copper to silver technology need to take into account battery conversion efficiency, product reliability, production yield and comprehensive costs. The verification and introduction cycle for downstream customers may be relatively long. If competition in the industry intensifies in the future, processing fees and profit levels of related products may also fluctuate. We ask investors to pay attention to investment risks.