Chengxin Lithium Group Co., Ltd. was established on December 29, 2001, with its registered office located in Chengdu and a registered capital of 921 million yuan. On May 23, 2008, the company was listed on the Shenzhen Stock Exchange (stock code: 002240, stock abbreviation: Chengxin Lithium), and it has over 40 wholly-owned subsidiaries, mainly located in Sichuan, Guangdong, Indonesia, Argentina, and Zimbabwe, with a workforce of over 4,900 people. As of the end of 2023, the company's total assets were 20.753 billion yuan, and its net assets attributable to parent company were 12.961 billion yuan; in 2023, the company's revenue was 7.951 billion yuan, and its net profit attributable to parent company was 702 million yuan.
The company's main business is the production and sales of lithium minerals, basic lithium salts, and metal lithium products, with its main products being lithium concentrates, carbonate lithium, hydroxide lithium, chloride lithium, and metal lithium.
The company has built the capacity of 137,000 tons lithium compounds and 500 tons lithium metal in Sichuan Deyang,Sichuan Suining and Indonesia, the company's lithium compounds capacity ranks among the world's leading. The lithium compounds business possesses advanced and mature technology, while the lithium compounds project team boasts rich experience in research and production management of lithium compounds products as well as profound professional expertise. The company's primary customers include industry-leading enterprises such as BYD, CATL, LGES, SK On, POSCO, ALB, and Hyundai.
The company has a global layout of lithium resources and has a professional team for mining development. The company has successfully developed the difficult-to-build Aoyinuo mine in Jinchuan County, Sichuan Province, with an annual output of about 75,000 tons of lithium concentrate; it owns the Sabizhenge lithium-tantalum mine project in Zimbabwe, with an average grade of 1.98% for the raw ore, making it the highest-grade in-production lithium mine in the area, with an annual output of about 290,000 tons of lithium concentrate; it has a stake in the Mu Rong lithium mine in Yajiang County, Sichuan Province, with a Li2O resource volume of 989.6 thousand tons, making it the largest hard-rock type single lithium deposit discovered in Asia to date; it has independent operation rights for the SDLA salt lake project in Argentina and has invested in several salt lake exploration projects, including Pocitos and Arizaro.
With the rapid development of new energy vehicles and energy storage industries, the demand for lithium salts has continued to grow, providing a huge market space and development opportunities for lithium salt products. The company's strategic goal is to "become the leading global enterprise in lithium-ion new energy materials," and it always maintains strategic persistence, continuing to increase investment in the lithium-ion new energy field while actively seeking high-quality lithium resources projects globally.
The company will focus on resource reserves in Sichuan, Africa, and Argentina and expand its resource reserves globally. It will also adjust its capacity planning according to the future market demand for lithium products and seize the industry development opportunities by focusing on "resources, scale, quality, and customers" in all its work. The company will enhance its resource reserves, expand its market share, improve product quality, and serve global customers to contribute to the world's energy sustainable development with lithium.
© 2021 Chengxin Lithium