Chengxin Lithium(SZ:002240) Zheng Quan Shi Bao Wang·2025-10-31 14:22Core Viewpoint - The lithium battery industry chain is witnessing a significant equity binding event as Shengxin Lithium Energy plans to raise up to 3.2 billion yuan through a private placement, involving strategic investors from prominent companies in the sector [1][3]. Group 1: Fundraising and Strategic Investors - Shengxin Lithium Energy intends to issue shares at a price of 17.06 yuan per share, with a total fundraising amount not exceeding 3.2 billion yuan, aimed at supplementing working capital and repaying debts [1]. - The strategic investors include Shenzhen Shengtun Group, which is the controlling shareholder of Shengxin Lithium Energy, and two other major players in the battery and materials sector: Zhongchuang Xinhang and Huayou Cobalt Group [1][3]. - After the issuance, Zhongchuang Xinhang and Huayou Cobalt Group will each hold over 5% of Shengxin Lithium Energy's shares [1]. Group 2: Industry Position and Performance - Zhongchuang Xinhang is ranked fourth globally and third domestically in terms of power battery installation volume, with a year-on-year growth of 16.6% for 2024 [2]. - Huayou Cobalt Group is a leading player in the production and sales of cathode materials and ternary precursors, while its subsidiary YouShan Technology is among the top three in the industry for lithium iron phosphate production, with over 140,000 tons expected in 2024 [2]. - Shengxin Lithium Energy reported a significant recovery in Q3, achieving revenue of 1.481 billion yuan, a year-on-year increase of 61.07%, and a net profit of 88.7191 million yuan, marking a turnaround from losses [4]. Group 3: Strategic Collaboration and Market Expansion - The collaboration with Zhongchuang Xinhang aims to deepen supply chain cooperation, with plans for increased procurement of lithium products to enhance sales performance [3]. - The partnership with Huayou Cobalt Group encompasses various aspects, including raw material supply, processing, and resource development, which will help secure quality customers and stabilize sales channels [3]. - Huayou Cobalt Group's extensive international customer network, including partnerships with leading new energy vehicle companies, is expected to facilitate market expansion for Shengxin Lithium Energy [3].