Questioner:irm91699462
Time:2024-07-16 15:47:22
Hello, the Xizang Salt Lake Comprehensive Utilization R&D Base of the Company aims to develop new technologies and processes for the comprehensive utilization of salt lake resources. By continuously optimizing and promoting the industrialization of scientific and technological advancements, the Base seeks to achieve key technological breakthroughs in the comprehensive utilization of salt lake resources. While the Base has achieved stable production of lithium carbonate, since January 2024, the Company has been continuing to optimize and improve other elements extraction processes to achieve comprehensive development and utilization of salt lake. It has not continued uninterrupted production of lithium carbonate, which is why there was no sales revenue from lithium carbonate in the first quarter of 2024.
Questioner:irm91699462
Time:2024-07-16 15:46:07
Dear investor, hello. The Company will carefully consider market conditions, macroeconomic factors, internal management, historical performance, and other factors to develop practical and feasible incentive plans. Please pay attention to future announcements for specific implementation details.
Questioner:irm91699462
Time:2024-07-16 15:45:12
Dear investor, hello. The Company has set up official accounts on WeChat, video platforms (BGT Group Co., Ltd.), and enterprise accounts on platforms like Hithink RoyalFlush and Eastmoney to enhance its communication and visibility. In the future, the Company will continue to build a comprehensive publicity matrix tailored to its development needs, ensuring that investors gain a clearer, multi-dimensional understanding of BGT. Thank you for your attention and suggestion.
Questioner:irm91699462
Time:2024-07-16 15:43:54
Dear investor, hello. 1. The Company provides a comprehensive solution for lithium extraction from the Zabuye Salt Lake green comprehensive development project, including the supply of core lithium extraction equipment. According to company accounting policies, revenue will be recognized once the equipment installation and commissioning are completed. 2. In accordance with the relevant cooperative agreement, the products (if any) obtained from the research and development experiments of the Xizang Salt Lake Comprehensive Utilization R&D Base, a cooperative investment and construction project between the Company and Xizang Mineral Development Co., Ltd., shall prioritize compensating the Company's investment until the Company recovers all investments. The joint research and development period is five years, and upon the expiration of the fifth year, all assets formed by the total investment shall be owned by Party A; profits generated by the project shall be shared by both parties according to the agreed upon ratio. 3. The two projects mentioned above are different in nature, hence the revenue recognition methods are different. The Company will recognize revenue based on the relevant accounting standards at the time when revenue is recognized. Thank you for your attention.
Questioner:irm91699462
Time:2024-06-13 10:43:00
Dear investor, hello. The commissioning progress of the two salt lake lithium extraction projects undertaken by the Company, namely Zabuye Phase II and Lakkor Tso, is significantly affected by the overall construction progress of the projects. At present, it cannot yet be confirmed whether the projects will be finalized in the second quarter of this year. Please stay tuned to the Company's subsequent announcements for updates on the project developments. Thank you for your attention.
Questioner:irm123149953
Time:2024-06-13 10:42:02
Dear investor, hello. The Company has recently begun exploration work on the two copper mines for which the exploration rights were acquired. The total bid price for the two exploration rights is RMB 7.564 million. Currently, they are still in the resource exploration stage. Please keep following the Company's subsequent announcements for specific details on mining and development.
Questioner:irm123149953
Time:2024-06-13 10:41:17
Dear investor, hello. 1. The green comprehensive development and utilization of 10,000-ton battery-grade lithium carbonate project undertaken by the Company in Zabuye Salt Lake mainly involves providing comprehensive solutions for salt lake lithium extraction and supplying core equipment for lithium extraction. According to the Company's relevant accounting policies, the Company will recognize revenue in one lump sum after the equipment installation and commissioning are completed. 2. In accordance with the relevant cooperative agreement, the products (if any) obtained from the research and development experiments of the Xizang Salt Lake Comprehensive Utilization R&D Base, a cooperative investment and construction project between the Company and Xizang Mineral Development Co., Ltd., shall prioritize compensating the Company's investment until the Company recovers all investments. The joint research and development period is five years, and upon the expiration of the fifth year, all assets formed by the total investment shall be owned by Party A; profits generated by the project shall be shared by both parties according to the agreed upon ratio. Thank you for your attention.
Questioner:Jo_chen
Time:2024-06-13 10:40:34
Dear investor, hello. The acquisition of the copper mine this time represents an important initiative under BGT's strategic plan for synergistic development in the environmental protection and new energy industries. Copper, as an important strategic mineral resource, is a crucial basic raw material for the national economy and social development. It is widely used in various sectors such as electric power, electronics, transportation, and air conditioning. The profound adjustments in China's energy structure brought about by carbon peak and neutrality goals have led to increased copper demand in new energy vehicles and clean energy generation (wind power, photovoltaics), highlighting the strategic importance of copper. Xinjiang is rich in mineral resources but has a fragile ecological environment. Especially in south Xinjiang. On one hand, the region is rich in energy resources, has unique geographical advantages, and great potential in characteristic industries, providing a foundation and advantages for achieving high-quality development. On the other hand, the Company's main business revolves around environmental governance and protection concerning water resources. It will effectively combine with the development of industries such as oil and gas, coal, mineral resources, grain, and new energy in south Xinjiang to provide strong support for high-quality green development in south Xinjiang.
Questioner:irm13884618
Time:2024-06-13 10:39:27
Dear investor, hello. The two salt lake lithium extraction projects undertaken by the Company, Zabuye Phase II and Lakkor Tso, have now entered the commissioning phase. According to the Company's accounting policies, the revenue will be recognized at once after the completion of equipment installation and commissioning. Therefore, the income from the two salt lake lithium extraction projects has not yet been recognized.
Questioner:irm13884618
Time:2024-06-13 10:38:31
Hello, the Xizang Salt Lake Comprehensive Utilization R&D Base of the Company aims to develop new technologies and processes for the comprehensive utilization of salt lake resources. By continuously optimizing and promoting the industrialization of scientific and technological advancements, the Base seeks to achieve key technological breakthroughs in the comprehensive utilization of salt lake resources. While the Base has achieved stable production of lithium carbonate, it will continue to optimize and improve other elements extraction processes to achieve comprehensive development and utilization of salt lake.
Questioner:cninfo845133
Time:2024-06-13 10:38:00
Dear investor, hello. The progress of the Company’s Zabuye Phase II equipment installation and commissioning project is subject to the overall project schedule. As such, the Company is currently unable to determine whether production can commence in May 2024. The contract signing amount for this project is RMB 273 million.
Questioner:irm43714059
Time:2024-06-13 10:37:03
Hello, the Company's 2023 Annual Report and related reports were disclosed on April 27, 2024, through the information disclosure platform CNINFO designated by CSRC. Based on the Company's financial condition for the current year and the profit distribution plan, the Company does not face any risks related to ST or potential delisting.