盛新锂能拟14.56亿元收购启成矿业21%股权实现控股 锂矿争夺战或再下一城

Core Viewpoint - The company, Shengxin Lithium Energy, plans to acquire a 21% stake in Sichuan Qicheng Mining Co., Ltd. for 1.456 billion yuan through its wholly-owned subsidiary, Sichuan Shengtun Lithium Industry Co., Ltd. This acquisition aims to enhance the company's lithium resource supply security and self-sufficiency in lithium raw materials [2][6]. Group 1: Acquisition Details - The target of the acquisition, Qicheng Mining, holds a significant asset in its subsidiary, Yajiang Huirong Mining Co., Ltd., which possesses mining rights for the Muro Lithium Mine in Sichuan, with confirmed Li2O resources of 989,600 tons and an average grade of 1.62% [4]. - The Muro Lithium Mine has an annual production capacity of 3 million tons, equivalent to approximately 75,000 tons of lithium carbonate, and is currently under active development [5]. - Following the acquisition, Shengxin Lithium Energy's stake in Qicheng Mining will increase from 49% to 70%, achieving control over the company [5]. Group 2: Financial Implications - The net asset book value of Qicheng Mining is reported at 1.419 billion yuan, while the assessed value of total equity is 6.934 billion yuan, indicating a substantial appreciation of 5.515 billion yuan, or a 388.77% increase [5]. - The total cash payment of 1.456 billion yuan for the acquisition may exert short-term pressure on Shengxin Lithium Energy's operating cash flow, which was reported at 178 million yuan for the first half of the year, a year-on-year decline of 56.7% [5]. Group 3: Strategic Rationale - The acquisition is positioned to significantly improve the company's resource self-sufficiency and enhance its cost competitiveness and risk resilience, especially in light of the declining lithium prices and slowing growth in the global lithium battery industry since 2025 [6]. - Shengxin Lithium Energy has already established a considerable production capacity in lithium salt processing but aims to strengthen its control over upstream lithium resources [6]. - The company is also actively expanding into the lithium battery new materials sector, with plans for an annual production capacity of 3,000 tons of key materials for solid-state batteries, having already established a capacity of 500 tons [6].