连亏股盛新锂能半年48亿现金3度收购 正定增A股已募29亿

Core Viewpoint - Shengxin Lithium Energy (盛新锂能) announced the acquisition of a 13.93% stake in Huirong Mining (惠绒矿业) through its wholly-owned subsidiary, Shengtun Lithium Industry (盛屯锂业), for a cash consideration of RMB 1.2597 billion, aiming for 100% control of Huirong Mining, which holds mining rights to the high-grade Muro Lithium Mine [1][2]. Financial Summary - Huirong Mining has confirmed Li2O resources of 989,600 tons with an average grade of 1.62%, making it one of the highest-grade lithium mines in Sichuan, with a production capacity of 3 million tons per year [1]. - For the periods of 2024 and January-August 2025, Huirong Mining reported zero revenue, with net profits of RMB 14.435 million and a loss of RMB 162.627 million, respectively [1][2]. - As of August 31, 2025, Huirong Mining's total assets were RMB 901.8995 million, total liabilities were RMB 177.09 million, and net assets were RMB 724.8096 million [2]. Transaction Details - The acquisition is part of a series of transactions, with Shengxin Lithium Energy also holding 15.10% and 70.97% stakes in Huirong Mining through its subsidiaries, leading to a total ownership of 100% post-transaction [2][3]. - The transaction has been approved by the company's board and is classified as a related party transaction due to the involvement of Xiamen Chuangyi, which is partially owned by the controlling shareholder, Shentun Group [3]. Future Projections - Shengxin Lithium Energy anticipates a net loss attributable to shareholders of between RMB 600 million and RMB 850 million for 2025, with a loss of RMB 621.5807 million reported for 2024 [5][6]. - The company has raised a total of RMB 2.95 billion through two fundraising rounds in the past five years, with plans for further fundraising to support operational liquidity and debt repayment [6][8].