Guangdong Tonze Electric Co.Ltd(002759) (002759) announced on December 23 that the company plans to issue no more than 121 million non-public shares and raise no more than 2.11 billion yuan in total for 30000 tons of lithium hexafluorophosphate, 6000 tons of high-purity lithium fluoride and other new electrolyte lithium salts and integrated supporting projects and supplementary working capital of Jiangsu Teri LIANTENG Material Technology Co., Ltd.
The announcement shows that the total investment of the raised investment project does not exceed 3 billion yuan. It is planned to build a project with an annual output of 30000 tons of lithium hexafluorophosphate, 6000 tons of high-purity lithium fluoride, 28000 tons of solid calcium fluoride, 17000 tons of potassium chloride aqueous solution (content 20%), 313000 tons of hydrochloric acid (content 20%) as a by-product and 23000 tons of hydrofluoric acid (content 30%) as a by-product. The main body of the project is Jiangsu Tairui LIANTENG Material Technology Co., Ltd., which is jointly funded and established by Xintai material, Ruitai new material and Ningde new energy, of which Xintai material holds 70%, Ruitai new material holds 25% and Ningde new energy holds 5%.
The announcement points out that the company has been deeply engaged in the field of lithium hexafluorophosphate materials for many years, has accumulated rich experience in technology R & D and industrial development, and has formed a stable cooperative relationship and good industry reputation upstream and downstream of the industrial chain. Lithium hexafluorophosphate products have been widely recognized by customers. The company has established long-term and stable cooperative relations with Jiangsu Guotai International Group Co.Ltd(002091) , Byd Company Limited(002594) and other major Chinese electrolyte enterprises, with good product supply and demand coordination, and has a leading market position in the industry. According to the data of high tech Industry Research Institute (GGII), the company’s lithium hexafluorophosphate capacity has continuously ranked among the top three in the industry in the last three years.
Guangdong Tonze Electric Co.Ltd(002759) said that the raised investment project is closely related to the company’s business development strategic planning. After the project is put into operation, it can significantly improve the company’s production capacity of lithium hexafluorophosphate, so as to significantly enhance the company’s supply guarantee capacity nationwide, seize market share and further consolidate the company’s leading position in the industry.
(China Securities Journal · China Securities Network)
