盛新锂能收购木绒锂矿收官，股价异动受资源整合与业绩改善驱动

Group 1: Acquisition Background and Scale - The company announced on February 5, 2026, its plan to acquire a 13.93% stake in Huirong Mining from Xiamen Chuangyi for 1.26 billion yuan, aiming for 100% control of the Muro Lithium Mine [1] - Since 2020, the company has invested over 5 billion yuan through multiple rounds of capital increases and equity acquisitions to fully control the mine, including a 1.456 billion yuan acquisition of a 21% stake in September 2025 and a 2.08 billion yuan acquisition of the remaining 30% in December 2025 [1] - The Muro Lithium Mine has significant resources, with identified lithium oxide resources of 989,600 tons and an average grade of 1.62%, with a designed annual production capacity of 3 million tons, which will enhance the company's self-sufficiency in lithium raw materials by over 50% after production [1] Group 2: Reasons for Stock Price Fluctuation - The full acquisition of the Muro Lithium Mine is seen as a key move for the company to strengthen upstream resource control, with lithium prices rebounding since the second half of 2025, leading to expectations of improved cost advantages and benefits from industry recovery [2] - Despite a net loss of 752 million yuan in the first three quarters of 2025, the company achieved a net profit of 88.72 million yuan in the third quarter, indicating a turnaround mainly due to rising lithium salt prices and the commencement of its Indonesia project, alleviating market concerns about ongoing losses [2] - On January 23, 2026, institutional investors net bought over 700 million yuan, reflecting optimism about the company's prospects post-acquisition, while the company plans to raise 3.2 billion yuan through a private placement to ease financial pressure [2] Group 3: Recent Stock Performance - As of February 12, 2026, the company's stock closed at 38.85 yuan, with a single-day increase of 3.82% and a cumulative increase of 13.90% over the past five days, driven by the acquisition and the lithium price rebound [3] - The construction period for the Muro Lithium Mine is long (approximately 4 years), and any delays in production or fluctuations in lithium prices could impact performance [3] Group 4: Industry Policy Status - The demand for new energy vehicles and energy storage continues to grow, with global lithium demand expected to increase by 30% year-on-year in 2025, supporting a tight supply-demand balance that raises the central price of lithium [4] - The company, with a lithium salt production capacity of 137,000 tons per year, aligns its resource layout with the industry's favorable conditions [4]