Core Viewpoint - The illegal disposal of hazardous waste by Qinghai Xinhua Lithium Salt Company has raised significant concerns, leading to government investigations and potential legal repercussions [1][3]. Group 1: Company Background - Qinghai Xinhua Lithium Salt Company is a developer of the Daban Salt Lake in Qinghai, with a designed capacity of producing 10,000 tons of high-purity lithium chloride and 25,000 tons of boric acid annually [3]. - The company commenced trial operations for its first phase of lithium chloride and boric acid production in December 2016, with the second phase starting in May 2018 [3]. Group 2: Environmental Violations - The company has been reported for illegally burying over ten thousand tons of industrial hazardous waste, which has caused secondary environmental damage [1]. - In 2023, the company received multiple administrative penalties from the Haixi Environmental Protection Bureau for various environmental violations, including improper disposal of solid waste [6][8]. - Specific violations included the illegal dumping of solid waste outside the factory premises and evidence of liquid leakage from newly constructed facilities [8] [9]. Group 3: Financial and Operational Status - The company has faced significant operational challenges, leading to a reported revenue of only 1.99 million yuan in 2024, with no revenue generated in the first half of 2025 [5]. - The company has been in a state of suspension since February 2024 due to internal adjustments and safety inspections [6]. Group 4: Ownership and Management - The ownership structure of Qinghai Xinhua Lithium Salt Company includes Shenzhen Xiaozhou Investment Co., Ltd. and Huizhou Yiwei Lithium Energy Co., Ltd., with the latter planning to transfer its 49% stake to Tibet Shuo Beid Holdings Co., Ltd. for 600 million yuan [4]. - The actual controller of the company, Zhao Penglong, has a history of legal issues, including a conviction for bribery [9].