Snowsky Salt(SH:600929) Xin Lang Cai Jing·2025-12-08 00:30Group 1 - The company plans to acquire a 41% stake in Meite New Materials, which will increase its total ownership to 61%, making it the controlling shareholder [1] - The acquisition aligns with the company's development strategy of focusing on resources, with salt as the core, and aims to capitalize on opportunities in the new energy industry [1] - Meite New Materials specializes in the production and sales of lithium cobalt oxide, with a designed capacity of 7,500 tons and an approved capacity of 5,500 tons [1] Group 2 - Meite New Materials is expected to enhance the company's profitability due to a rebound in lithium cobalt oxide prices, with projected revenues of 629 million yuan and a net profit of 3.5974 million yuan in 2024 [2] - In the first three quarters of 2025, Meite New Materials is projected to achieve revenues of 640 million yuan and a net profit of 35.6096 million yuan, nearly ten times the net profit of the previous year [2] - The average market price of lithium cobalt oxide reached 381,000 yuan per ton by December 5, 2025, reflecting a 176.29% increase since the beginning of the year [2] Group 3 - The company aims to strengthen its core business in salt and resources, constructing a new industrial pattern focused on resource concentration and chain extension [2] - Projected net profits for the company from 2025 to 2027 are expected to be 41 million yuan, 154 million yuan, and 305 million yuan, with year-on-year growth rates of -86.42%, +273.33%, and +98.13% respectively [2]