Shenzhen Chengxin Lithium Group Co., Ltd. was established on December 29th, 2001, headquartered in AVIC Center, Futian District, Shenzhen, Guangdong Province, with a registered capital of 749.71 million yuan. On May 23rd, 2008, the company was successfully listed on the Shenzhen Stock Exchange (stock code: 002240, stock abbreviation: Chengxin Lithium).
The company currently has 14+ holding subsidiaries, mainly in Sichuan ,and Guangdong provinces, with more than 1,400 employees. As of June 30st, 2021, the company's total assets was 4.90 billion yuan, and the net assets attributable to listed company was 3.52 billion yuan. In 2020, the company's operating income was 1.79 billion yuan.
The company's main business is production and sales of new energy lithium battery materials. The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal.
The company’s lithium salt business is operated by two subsidiaries, Zhiyuan Lithium and Suining Chengxin. The designed production capacity of Zhiyuan Lithium is 40,000 tons of lithium salt per year (25,000 tons of lithium carbonate and 15,000 tons of lithium hydroxide), the capacity was fully built in 2020 Q4; Suining Chengxin’s newly designed capacity is 30,000 tons of lithium salt per year, and the first phase of 20,000 tons of lithium hydroxide started construction at the end of 2020. The company's lithium salt production technology is advanced and mature, and the products are mainly used in lithium-ion battery cathode materials, energy storage, petrochemical, pharmaceutical and other fields. With the rapid development of the global new energy automobile industry and the market expansion in the energy storage field, the consumption of electronic products such as 3C continues to increase, and the demand for the lithium battery industry is strong, leading to a huge market space and development opportunities for lithium salt products.
In 2019, the company completed the acquisition of Aoyinuo Mining, which is located in Jinchuan County, Aba Prefecture, Sichuan Province. The latest exploration shows an ore volume is 8.57 million tons, The production scale of raw ore is 405,000 tons per year, and the lithium concentrate produced is provided to Zhiyuan Lithium for lithium salt, and the production .The upstream lithium ore resources of the company's lithium salt business are further quaranteed.
At the end of September 2020, the company sold the controlling right of the wood-based panel subsidiary. At the end of May 2021, the company sold of the rare earth business.In the next few years, the company will focus more on the field of new energy lithium salt materials, center on "resources, scale, quality, and customers" to carry out various tasks, increase resource reserves, expand production capacity, improve product quality, serve core customers.So as to become a global leader of lithium battery new energy materials in capacity and quality, and to contribute to the sustainable development of world energy with lithium.
