索通发展拟成立合资公司 投建炭材料项目

Core Viewpoint - The company, Suotong Development, has signed a joint venture agreement with Huayang New Materials Technology Group to establish a new project in Shanxi, aiming to enhance its production capacity and strengthen its position in the aluminum industry [1][2]. Group 1: Joint Venture Details - Suotong Development and Huayang Group will jointly establish Shanxi Suotong Huayang Carbon Materials Co., Ltd. with a total estimated investment of no more than 900 million yuan [1]. - The registered capital of the joint venture is tentatively set at 360 million yuan, with Suotong contributing 306 million yuan for an 85% stake, while Huayang contributes 54 million yuan for a 15% stake [1]. - Suotong will lead the management of the joint venture, appointing 2 out of 3 board members, including the chairman and financial officer [1]. Group 2: Strategic Importance - The investment aims to integrate resources and enhance the industrial cluster effect, thereby increasing the stickiness of the supply chain [2]. - Suotong Development is the only listed company in the aluminum carbon industry, and this investment is part of a strategic plan to strengthen its presence in the domestic aluminum production area [2]. - The project will primarily supply products to Zhaofeng Aluminum, reducing transportation costs and enhancing service capabilities to aluminum enterprises in North China [2]. Group 3: Financial Performance - In the first three quarters of the year, Suotong Development reported revenue of 12.762 billion yuan, a year-on-year increase of 28.66%, and a net profit of 654 million yuan, up 201.81% year-on-year [3]. - The company has established a production capacity of 3.46 million tons for prebaked anodes across six locations, maintaining a leading position in exports since 2008 [2][3]. - Suotong is also expanding into the solid-state battery sector, having signed a technology development contract with Beijing Institute of Technology to develop key materials for solid-state batteries [3].