Chengxin Lithium(SZ:002240) Zhong Guo Jing Ji Wang·2025-09-23 07:04Core Viewpoint - Shengxin Lithium Energy plans to acquire a 21% stake in Qicheng Mining through its wholly-owned subsidiary, Sichuan Shengtun Lithium Industry, for a cash consideration of RMB 145.6 million, which will increase its total ownership in Qicheng Mining to 70% [1][5]. Group 1: Transaction Details - The transaction price of RMB 145.6 million is based on an asset evaluation report that values Qicheng Mining's total equity at RMB 693.37 million as of August 31, 2025, reflecting a significant increase in value [1][2]. - Qicheng Mining's total assets are valued at RMB 746.65 million, with a substantial appreciation of 282.62% from its book value, while its net assets show an increase of 388.77% [2][4]. - After the acquisition, Qicheng Mining will become a subsidiary of Shengxin Lithium Energy, and its subsidiary, Huirong Mining, will also be included in the consolidated financial statements [3][8]. Group 2: Financial Implications - The acquisition will be funded through the company's own or raised funds, resulting in a net cash outflow, but it is not expected to adversely affect the company's normal operations or financial stability [9]. - For the first half of 2025, Shengxin Lithium Energy reported a revenue of RMB 1.614 billion, a year-on-year increase of 37.42%, but a net loss of RMB 841 million, compared to a loss of RMB 186.95 million in the same period last year [10][11]. Group 3: Asset Evaluation and Future Prospects - The core asset of Qicheng Mining, the Muzhong Lithium Mine, has a production capacity of 3 million tons per year and has received the necessary mining license, indicating strong development potential [3][4]. - The valuation of Huirong Mining has increased significantly due to the discovery of more lithium resources and the optimization of mining plans, with its total equity valued at RMB 903.90 million [4][6].