Liuguo Chemical(SH:600470) 鑫椤锂电·2025-06-03 07:36Core Viewpoint - Anhui Liuguo Chemical Co., Ltd. plans to raise no more than 800 million yuan through a private placement to invest in a 280,000 tons/year battery-grade refined phosphoric acid project, with a total investment of 1.194 billion yuan and a payback period of 6.55 years [2][6]. Group 1 - The total investment for the 280,000 tons/year battery-grade refined phosphoric acid project is 1.194 billion yuan, with 800 million yuan to be raised through fundraising [3]. - The company primarily engages in the production and sales of phosphate fertilizers and fine chemical products, being one of the larger integrated manufacturers in East China [5]. - The new project will significantly enhance the company's refined phosphoric acid production capacity, aligning with the growing demand from the electric vehicle and energy storage industries [6]. Group 2 - The refined phosphoric acid serves as a core raw material for lithium iron phosphate, which has seen substantial growth in production and sales due to the rapid development of the end-user industries [6]. - The investment will shift the company's focus from basic fertilizers to high-end phosphorous chemical products, indicating a strategic pivot in its business model [6]. - However, the industry faces challenges such as an imbalance in supply and demand, with several projects in the lithium iron phosphate battery supply chain being terminated due to market saturation and price declines [7].