Chengxin Lithium(SZ:002240) 鑫椤锂电·2025-11-20 08:04Core Viewpoint - The article discusses the strategic partnership between Shengxin Lithium Energy and Huayou Holding Group, focusing on a significant lithium salt procurement agreement for the years 2026 to 2030, which is expected to strengthen their long-term collaboration [2][5]. Group 1: Procurement Agreement - Shengxin Lithium Energy plans to sign a framework agreement with Huayou Holding Group for the procurement of a total of 221,400 tons of lithium salt products over five years from 2026 to 2030 [2]. - The estimated procurement amount is approximately 19.985 billion yuan based on the current spot price of battery-grade lithium carbonate at 90,266.67 yuan per ton, or up to 20.962 billion yuan based on recent futures contract prices of 94,680 yuan per ton [5]. Group 2: Strategic Cooperation - The partnership extends beyond lithium salt procurement, as both companies are deepening their strategic relationship through equity ties. Following the signing of the procurement agreement, Shengxin Lithium Energy is advancing plans to issue A-shares to specific investors, including Huayou Holding and Zhongchuang Xinhang [5]. - After the issuance, Huayou Holding and Zhongchuang Xinhang will become shareholders holding over 5% of Shengxin Lithium Energy, establishing them as related parties and laying a solid foundation for long-term cooperation [5]. Group 3: Fundraising and Financial Plans - In late October, Shengxin Lithium Energy signed a strategic cooperation agreement with Zhongchuang Xinhang and Huayou Holding Group, planning to raise up to 3.2 billion yuan through a share issuance priced at 17.06 yuan per share [6]. - The funds raised will be used to supplement working capital and repay debts, with Huayou Holding and Shenzhen Shengtun Group each planning to subscribe for 1.1275 billion yuan, while Zhongchuang Xinhang intends to subscribe for 945 million yuan [6].