Chengxin Lithium(SZ:002240) Ju Chao Zi Xun·2026-02-05 02:28Core Viewpoint - The acquisition by Shengxin Lithium Energy aims to enhance the company's lithium resource supply capability and improve self-sufficiency in lithium raw materials to meet the growing demand from the global electric vehicle and energy storage industries [3][4]. Group 1: Acquisition Details - Shengxin Lithium Energy announced the acquisition of a 13.93% stake in Huirong Mining from its affiliate for a cash consideration of RMB 125,970 million [3]. - Following the transaction, Shengxin Lithium Energy will hold 100% ownership of Huirong Mining through its subsidiaries [3]. - Huirong Mining's core asset is the Muzhong lithium mine in Sichuan, which has a confirmed Li₂O resource of 989,600 tons and an average grade of 1.62%, with an annual production capacity of 3 million tons [3]. Group 2: Valuation and Financial Arrangements - The total equity value of Huirong Mining was assessed at RMB 904,193.83 million, with the core asset's valuation at RMB 843,568.88 million as of the evaluation benchmark date of August 31, 2025 [3]. - The transaction price was determined based on the assessment results and mutual agreement between the parties involved [3]. - The payment for the acquisition is planned to be completed by December 31, 2026, funded through the company's own resources and potential acquisition loans [4]. Group 3: Strategic Implications - The acquisition is intended to strengthen the company's competitive position in the lithium salt industry and ensure a stable supply of lithium resources [4]. - The company plans to leverage its development experience in high-altitude regions of Sichuan to expedite the mining operations at the Muzhong lithium mine [4].