Sanchuan Wisdom Technology Co.Ltd(300066) ( Sanchuan Wisdom Technology Co.Ltd(300066) ) it was announced on April 28 that the company and Ganzhou Jisheng Technology Co., Ltd. signed an investor agreement. The two sides jointly invested 20 million yuan to establish “Longnan Jisheng Technology Co., Ltd.” and build a new “3200 ton REO secondary resource comprehensive utilization project” to recover, process and sell neodymium iron boron waste, molten salt slag, urban minerals and other resources. Among them, the company invested 7 million yuan, accounting for 35%; Ganzhou Jisheng invested 13 million yuan, accounting for 65%.
The announcement disclosed that the total investment of the comprehensive utilization project of REO secondary resources with an annual output of 3200 tons is about 680 million yuan. In addition to the establishment of a joint venture, the later funds will be solved through shareholder capital increase and external financing as needed. After the completion of the project, it can form an annual production capacity of 3200 tons of rare earth oxide (REO), and the average annual net profit is expected to reach 165 million yuan.
Statistics show that the registered capital of Ganzhou Jisheng, the partner, is 235 million yuan, and its business scope includes the acquisition, processing and sales of neodymium iron boron waste; Purchase, processing and sales of rare earth wastes (waste residues) such as dissolved salt slag, electrolytic slag, terbium calcium slag and dysprosium calcium slag, and purchase and sales of rare earth metals and rare earth alloys.
Sanchuan Wisdom Technology Co.Ltd(300066) said that the purpose of this foreign investment is to grasp the development opportunities of rare earth industry, further expand the company’s business field and development space, improve the company’s industrial layout, strengthen the driving effect of emerging industries on the company’s profitability and enhance the company’s overall competitiveness.
