HTDC(SH:601188) Zheng Quan Shi Bao Wang·2025-12-25 12:47Core Viewpoint - Longjiang Transportation is advancing its graphite industry strategy by investing in a significant graphite mining project in Heilongjiang Province, aiming to establish a second main business line and enhance revenue growth [1][4]. Group 1: Investment and Project Details - On December 25, 2025, Longjiang Transportation held its sixth extraordinary shareholders' meeting, where five proposals, including the investment in the 2 million tons per year graphite mining project in Luobei County, were approved [1]. - The total investment for the Luobei County project is 2.679 billion yuan, with 794 million yuan as project capital and 1.885 billion yuan from bank loans [1]. - The project will increase the annual mining capacity from 450,000 tons to 2 million tons, with an expected annual production of 216,000 tons of graphite concentrate and processing of 83,300 tons of graphite powder [2]. Group 2: Strategic Importance and Industry Context - Luobei County is recognized as a significant graphite raw material base in China, with high-quality resources and a solid industrial foundation for graphite development [2]. - The downstream enterprises have a high recognition and dependency on Luobei County's graphite products, indicating strong market demand [2]. - The investment in the graphite industry aligns with Longjiang Transportation's strategy to cultivate a new revenue and profit growth point, contributing to the company's high-quality development [3].