Chengxin Lithium(SZ:002240) Zheng Quan Shi Bao Wang·2025-09-22 13:32Core Viewpoint - The company, Shengxin Lithium Energy, announced a cash acquisition of 21% equity in Sichuan Qicheng Mining Co., Ltd. for RMB 1.456 billion, aiming to enhance its lithium resource supply capacity and self-sufficiency in lithium raw materials [1][2]. Group 1: Acquisition Details - Shengxin Lithium Energy's wholly-owned subsidiary, Shengtun Lithium Industry, will acquire the 21% stake from Taicheng Mining, resulting in a 70% ownership in Qicheng Mining [1]. - Qicheng Mining's subsidiary, Huirong Mining, holds mining rights for the Muzhong Lithium Mine, which has confirmed Li2O resources of 989,600 tons and an average grade of 1.62%, making it one of the highest-grade lithium mines in Sichuan [1]. Group 2: Financial Performance - Qicheng Mining reported a net profit of -RMB 155 million for the first eight months of 2025, with a total asset value of RMB 2.302 billion and a net asset value of RMB 2.118 billion as of August 31, 2025 [2]. - Shengxin Lithium Energy's revenue for the first half of 2025 was RMB 1.614 billion, a year-on-year decrease of 37.42%, with a net loss of RMB 841 million, indicating a significant increase in loss compared to the previous year [2]. Group 3: Strategic Initiatives - The company has established a production capacity of 500 tons per year for key materials in solid-state batteries and plans to expand to 3,000 tons per year [3]. - Shengxin Lithium Energy is pursuing an international strategy, with a focus on overseas production capacity, including a 60,000-ton lithium salt project in Indonesia, which is the largest of its kind currently operational [3]. - The company is actively seeking high-quality lithium resource projects globally, particularly in Africa and Argentina [3].