金浦钛业子公司逾2000万元资金被冻结

Core Viewpoint - Jinpu Titanium Industry (000545.SZ) is facing legal issues due to contract payment disputes, resulting in the freezing of bank accounts and significant financial implications for its subsidiary, Jinpu New Energy [1][2]. Group 1: Legal and Financial Issues - Jinpu New Energy has had its bank accounts frozen due to a lawsuit involving a payment dispute, with the frozen amount totaling 22.4685 million yuan and the related lawsuit amount reaching 57.56 million yuan [1]. - This incident marks the second time in 2023 that a subsidiary of Jinpu Titanium has faced account freezes, with a previous case involving its wholly-owned subsidiary, Xuzhou Titanium White Chemical Co., which had 10 accounts frozen for 2.4 million yuan [1]. - Despite these legal challenges, company representatives stated that the account freezes have not materially affected the overall production and operations of Jinpu Titanium [1]. Group 2: Operational Status and Projects - Jinpu New Energy is not in a state of stagnation; its sulfuric acid project has entered the trial production phase, while the previously planned iron phosphate project is currently on hold [1]. - In 2022, Jinpu Titanium aimed to enter the lithium battery materials sector by leveraging its industrial advantages in producing iron phosphate from titanium dioxide by-products, planning a total investment of nearly 10 billion yuan for a 200,000 tons/year iron phosphate and lithium iron phosphate project [1]. - In July 2023, Jinpu Titanium established Gansu Jinlin Lithium Battery New Materials Co., intending to advance a 200,000 tons/year lithium iron phosphate project, but this investment plan is set to terminate by April 2025, with a 50 million yuan capital contribution from Nanjing Titanium White yet to be paid [2]. Group 3: Financial Performance - Jinpu Titanium has experienced a decline in revenue for three consecutive years from 2022 to 2024, with net profits of -145 million yuan, -175 million yuan, and -244 million yuan, totaling a cumulative loss of approximately 560 million yuan [2]. - In the first half of 2025, the company's losses further expanded, reporting a revenue of 921 million yuan, a year-on-year decrease of 18.50%, and a net profit of -186 million yuan, reflecting a significant decline of 829.71% [2].