XWXN(SH:688778) Xin Lang Cai Jing·2025-11-18 09:14Core Viewpoint - The company announced the establishment of a wholly-owned subsidiary, Canghai New Energy, to invest in a project for producing 50,000 tons of high-performance battery materials annually, with a total investment of 1.525 billion yuan [1] Group 1 - The board meeting is scheduled for November 18, 2025, to approve the establishment of the subsidiary [1] - The project is expected to be funded through a combination of the company's own funds and loans, with the company planning to invest 600 million yuan to set up Canghai New Energy [1] - The construction period for the project is from November 2025 to December 2029 [1] Group 2 - The project is not expected to have a significant impact on the company's financial and operational results in the short term [1] - There are potential risks associated with the project, including the possibility of progress or benefits not meeting expectations [1]