Guizhou Redstar addresses investor concerns amid market volatility

Guizhou Redstar Developing (SSE:600367) convened an investor relations meeting to discuss the company's 2024 performance and address shareholder inquiries. Management emphasized its commitment to boosting shareholder value through operational improvements, market expansion, and cost control. The company clarified that a surge in management expenses for Q1 2025 stemmed primarily from production halts at a subsidiary and increased employee incentives. Management addressed concerns regarding product pricing, explaining that reported prices reflect weighted averages and variations in product specifications. While the company reaffirmed its commitment to shareholder returns, it cited the need to balance dividend payouts with ongoing investments in research, development, and capital expenditures. Management also addressed questions about its manganese product line and the potential for application in batteries, and about rising strontium carbonate prices given a disruption in the strontium carbonate industry.