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Company Profile

Company Profile

  • Categories:About Us
  • Time of issue:2021-04-15 10:38:58
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Chengxin Lithium Group Co., Ltd. was established on December 29, 2001, registered in Chengdu, headquartered in Shenzhen and Chengdu, with a registered capital of 865 million yuan. On May 23, 2008, the company was successfully listed in Shenzhen Stock Exchange (stock code: 002240, stock abbreviation: Chengxin Lithium).

At present, the company has more than 30 holding subsidiaries, mainly distributed in Sichuan, Guangdong, Indonesia, Argentina, Zimbabwe and other places, with more than 1,800 employees. As of December 31, 2021, the total assets of the company are 7.287 billion yuan, and the net assets attributable to the listed companies are 5.098 billion yuan; In 2021, the operating revenue of the company is 2.934 billion yuan, and the net profit attributable to parent company is 851 million yuan.

The company’s main business is the production and sale of the new energy li-ion battery materials, main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, lithium metal.

The company has built four lithium production bases worldwide :(1)Zhiyuan Lithium has built an annual capacity of 40,000 tons of lithium salt (including 25,000 tons of lithium carbonate and 15,000 tons of lithium hydroxide); (2) Suining Chengxin has built an annual capacity of 30,000 tons of lithium hydroxide; (3) The designed capacity of Chengtok in Indonesia is 60,000 tons of lithium salt per year. This project is under construction.The construction isexpected to be completed and the plant will enter into operation in 2023; (4) The designed capacity of Shengwei Lithium is 1,000 tons of lithium metal per year, currently 400 tons has been built, and the remaining capacity is under active construction. The company's lithium product business technology is advanced and mature, the products are mainly used in lithium ion power battery, energy storage, petrochemical, pharmaceutical and other fields. With the rapid development of global new energy vehicles and energy storage industry, the demand for lithium products is strong, providing a huge market space and development opportunities for the company.

In order to ensure the supply of raw materials for the production of lithium products, the company has successively invested in lithium resource projects around the world, including hard rock mine projects and salt lake lithium extraction projects. (1) The proven Li2O resource of Aoyinuo Mining is 11,500 tons, with an average grade of 1.30%. The raw ore production scale is 405,000 tons per year, equivalent to about 75,000 tons of lithium concentrate. (2) The explored main mineral Li2O resource of Zimbabwe Sabi Star lithium tantalum Project is 88,500 tons, with an average grade of 1.98%. The project is designed to produce 900,000 tons of raw ore per year, equivalent to about 200,000 tons of lithium concentrate, which is expected to be completed and put into operation by the end of 2022. (3) The company has a 25.19% equity stake in Sichuan Yajiang huirong Mining Co., LTD. Huirong Mining Co., LTD currently has one exploration right. By the end of 2020, the proven resource of Li2O is 642,900 tons with an average grade of 1.63%. (4) The company owns the right to operate the Argentine SDLA Salt Lake project, which has an annual production capacity of 2,500 tons of lithium carbonate equivalent; The company has also invested in a number of early salt lake exploration projects in Argentina.

The Company is“committed to become a leading new energy materials global producer”, alwaysdetermined to strategic goal, continues to increase investment in li-ion battery in the field of new energy, in order to secure production and operation of the project. The Company also actively pushes forward construction of the project, at the same time around the world continues to actively seek high quality lithium resources projects, and according to the future market demand of lithium products, the Company timely expands capacity planning. The company will firmly seize the development opportunities of lithium industry, closely center around the “resources, scale, quality, customer” to carry out businesses, enhance resource reserves, expand production capacity, improve product quality, serve core customers, and contribute to the sustainable development of the world energy with lithium.

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