Dear LifenGas partners,
As the Year of the Snake approaches, I would like to take this opportunity to reflect on our journey to 2024 and look forward to our bright future. From the expansion of the photovoltaic industry in 2022 and early 2023 to the market correction caused by the supply-demand imbalance in 2024, we have faced and overcome many challenges. As the founder of the company, I deeply appreciate the hardships you have endured and the strength we have shown in supporting each other.
As we enter 2025, regardless of current circumstances, we should all remain optimistic- while pessimists are often right, optimists are the ones who succeed. This is because pessimism is merely a point of view, while optimism drives action.
In 2025, while maintaining our core business of argon recovery, the company will diversify beyond the photovoltaic industry into specialty gas recovery for semiconductors, new materials and other sectors, and gradually expand our cooperation with state-owned enterprises. We will also return to our roots in the air separation business by establishing a 12,000 Nm³/h capacity base in Huize, Yunnan. In the second half of 2025, our Shijiazhuang Hongmiao fluoride acid recovery production base will be put into operation, enabling rapid expansion in the entire photovoltaic cell industry. be put into production, and then our fluoride acid recovery business will be rapidly expanded in the entire photovoltaic cell industry.
Our successful bid for the "Impressionist" 10GW argon recovery project with Hytrogen in India has renewed our international focus. To address global market uncertainties, we have established an equipment manufacturing facility in South Korea, which is now operational and will complete delivery of purifiers for the "Columbus" project in the first quarter of 2025.
We are pleased to announce that our proprietary portable oxygen concentrator will enter mass production for civilian use in 2025, serving high-altitude regions and African nations.
In the capital markets, investors continue to view the company favorably. In late 2024, we secured additional investment from a leading industrial investment fund. Investors strongly support our recycling technology, recognizing how it converts waste gases and liquids into valuable resources, delivering significant economic benefits while meeting our customers' needs for cost reduction and efficiency improvements, while reducing environmental impact and creating value for customers and society.
2025 will be a pivotal year for LifenGas. Our mission goes beyond maintaining normal operations and ensuring business continuity - we must efficiently integrate and utilize resources, achieve breakthrough developments, maintain our customer-centric focus, and optimize costs while increasing profitability. Through 2025, we will nurture our ideals with dedication, inspire hope with passion, shape the future with perseverance, and impact the world with technology.
As time marches on, I extend my warmest wishes to all members of the LifenGas family for a happy, prosperous and peaceful New Year.
Chairman: Mike Zhang
January 23rd, 2025
Post time: Jan-26-2025
