Chengxin Lithium(SZ:002240) Zhong Guo Zheng Quan Bao·2025-09-22 20:23Core Viewpoint - The acquisition of a 21% stake in Qicheng Mining by Shengxin Lithium Energy demonstrates the company's confidence in the development of the Muroong lithium mine and aims to enhance its competitiveness in the new energy materials sector [1][2]. Group 1: Acquisition Details - Shengxin Lithium Energy plans to acquire a 21% stake in Qicheng Mining for 1.456 billion yuan, increasing its ownership to 70% [1][2]. - The transaction will allow Shengxin Lithium Energy to indirectly control Huirong Mining, which holds the mining rights to the Muroong lithium mine [2]. - Qicheng Mining currently has no substantial production activities, with its main asset being the mining rights to the Muroong lithium mine [2]. Group 2: Valuation Insights - Qicheng Mining's total asset book value is 1.951 billion yuan, with an assessed value of 7.466 billion yuan, resulting in an appreciation of 5.515 billion yuan and a growth rate of 282.62% [3]. - The Muroong lithium mine has confirmed Li2O resources of 989,600 tons, with an average grade of 1.62%, making it one of the highest-grade lithium mines in Sichuan [3]. - The assessed value of the mining rights for the Muroong lithium mine is estimated at 8.434 billion yuan as of August 31, 2025 [3]. Group 3: Strategic Importance - The acquisition aligns with the growing demand for lithium products driven by the rapid development of the global electric vehicle and energy storage industries [5]. - Shengxin Lithium Energy aims to secure a stable supply of high-quality lithium resources to support its expanding lithium salt production capacity [5][6]. - The company recognizes the strategic importance of domestic lithium resources, especially given the current reliance on imports for approximately 60% of raw materials [6].