On December 31, 2021, the reporter inquired tianyancha and found that Sichuan shuneng Minerals Co., Ltd. (hereinafter referred to as “shuneng minerals”) was established on December 30, with a registered capital of 500 million yuan. Its shareholders include Byd Company Limited(002594) , Sichuan Road & Bridge Co.Ltd(600039) , Sichuan New Energy Power Company Limited(000155) , and Hefeng state owned assets Co., Ltd. of Mabian Yi Autonomous County (hereinafter referred to as “Hefeng company”).
Previously, on October 29, Sichuan New Energy Power Company Limited(000155) announced that in order to speed up the building of the company’s “new energy power generation + energy storage” industry and promote the company’s strategic layout of the whole lithium-ion power battery industry chain, the company plans to jointly invest and establish a joint venture with Sichuan Road & Bridge Co.Ltd(600039) , Byd Company Limited(002594) and Hefeng company to comprehensively develop the phosphate rock resources and lithium iron phosphate project in Mabian county.
The reporter of Shanghai Securities News noted that Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) and other power battery giants joined the “mining” team in 2021. In the view of insiders, in the face of the soaring price of upstream raw materials in 2021, the power battery industry has entered the era of “supply chain is king”, and supply chain safety has become an important task for power battery enterprises.
Byd Company Limited(002594) shares in phosphate rock company
According to the introduction of Sichuan New Energy Power Company Limited(000155) , shuneng mineral is mainly responsible for the exploration, mining and processing of phosphate rock in Mabian county and its adjacent areas, the investment of phosphate rock resources, the investment of lithium iron phosphate new material project and other main businesses (the business scope is subject to the articles of association and industrial and commercial registration).
The registered address of shuneng mineral is from the first floor to the second floor (No. 5 landscape room) of Hongqi Avenue, Minjian Town, Mabian Yi Autonomous County, Leshan City, Sichuan Province. The business scope of includes mining of mineral resources (non coal mines), exploration of mineral resources, recycling of renewable resources (except productive waste metals), research and development of hardware products, smelting of precious metals, etc.
In terms of capital contribution, the initial registered capital of shuneng mineral was 500 million yuan when it was established, and the subsequent shareholders increased their capital to 1 billion yuan according to the proportion of capital contribution, Sichuan New Energy Power Company Limited(000155) subscribed a total of 200 million yuan, accounting for 20% of the registered capital of shuneng mineral. In terms of the way of contribution, Sichuan Road & Bridge Co.Ltd(600039) , Sichuan New Energy Power Company Limited(000155) , Byd Company Limited(002594) are paid in cash, and Hefeng company contributes its phosphate ore exploration right of block 3 in laoheba mining area, Mabian County, Sichuan Province (hereinafter referred to as “cooperative mining right”).
Capital contribution mode and equity structure of Sichuan New Energy Power Company Limited(000155) and other companies to shuneng minerals
Sichuan New Energy Power Company Limited(000155) said that the company’s implementation of this foreign investment will indirectly enjoy phosphate rock resources through equity participation in the joint venture, which is of positive significance and promoting the future development of the company.
Phosphorus is an indispensable part of lithium battery materials. With the increasing demand for downstream lithium battery materials, the demand for upstream raw materials such as phosphate rock, ammonium phosphate and phosphoric acid also increases. phosphate rock is non renewable and scarce, and all countries have export restriction policies. In 2016, the Ministry of land and resources (now the Ministry of natural resources) issued the national mineral resources planning (2016-2020), which clearly listed phosphate rock as one of 24 national strategic mineral resources.
The reporter of Shanghai Securities News interviewed Byd Company Limited(002594) on the above matters and received no response from the other party. Previously, Byd Company Limited(002594) has repeatedly mentioned that the wide application of blade batteries has reshaped the industry’s understanding of lithium iron phosphate batteries and accelerated the return of lithium iron phosphate batteries to the mainstream track of power batteries.
Data show that the output of lithium iron phosphate batteries in China exceeded that of ternary lithium batteries for seven consecutive months from May 2021 to December 2021, resulting in explosive growth of upstream raw materials of lithium iron phosphate batteries, rising prices and continuous tight supply.
According to the data of business agency, lithium iron phosphate rose sharply in 2021. The price in January was 37000 yuan / ton, and as of December 27, the price was 99000 yuan / ton, an overall increase of 167.57% in the whole year. Meanwhile, the capacity of lithium iron phosphate will reach 320000 tons in 2020, and the capacity of lithium iron phosphate will reach 920000 tons by December 2021, showing a double growth.
power battery giants compete for “mining”
In the face of the sharp rise of upstream raw materials, power battery giants Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) have ended up “mining” in order to reduce costs and maintain supply chain security.
On January 27 this year, Golmud Byd Company Limited(002594) lithium battery material Co., Ltd. was established. The legal representative is Gong Qing, with a registered capital of 50 million yuan. The business scope of includes manufacturing and sales of non-metallic mineral products, mining of mineral resources (non coal mines) and so on, which is wholly held by Byd Company Limited(002594) .
On November 23, Yichun times new energy resources Co., Ltd., a wholly-owned subsidiary of Contemporary Amperex Technology Co.Limited(300750) , was established. The legal representative is Jiang Li, with a registered capital of 1 billion yuan. Its business scope includes mining of mineral resources (non coal mines), research and development of new material technology, investment activities with its own funds, export business of lithium series products, etc.
On December 10, Contemporary Amperex Technology Co.Limited(300750) (Guizhou) new energy materials Co., Ltd., a wholly-owned subsidiary of Contemporary Amperex Technology Co.Limited(300750) , was established. The legal representative is Jiang Li, with a registered capital of 1 billion yuan. Its business scope includes new material technology research and development, mining of mineral resources (non coal mines), beneficiation, investment activities with its own funds, engineering and technical research and experimental development, etc.
Source: Contemporary Amperex Technology Co.Limited(300750) official WeChat official account
On October 28, Contemporary Amperex Technology Co.Limited(300750) signed a strategic cooperation agreement with Guizhou provincial government in Guiyang. Contemporary Amperex Technology Co.Limited(300750) said that in the future, the company will work with Guizhou Province to promote the supplement, extension and strengthening of the local new energy industry, give full play to the advantages of industrial leading enterprises in market, science and technology and talents, and jointly build a lithium battery whole industry chain system from lithium battery, upstream phosphorus and fluorine chemical industry and battery materials to downstream market application and battery recycling.
(Shanghai Securities News)
