SD Lomon(SZ:002312)2025-12-10 09:08Company Overview - Sichuan Development Longmang Co., Ltd. focuses on the "sulfur-phosphorus-titanium-iron-lithium-calcium" multi-resource circular economy industrial chain, enhancing its core competitiveness [2][3] - The company has established a 60,000 tons/year lithium iron phosphate facility, with a 100,000 tons/year phosphoric acid facility in trial production, and a 500,000 tons/year sulfuric acid facility completed [3] Lithium Resource Acquisition - The company acquired a 51% stake in Guotuo Mining, gaining access to the core asset of the Simanzuo lithium spodumene mine, with an estimated Li2O resource of 14,927 tons over a 3.65 km² area [4] - Ongoing exploration and development of lithium resources are planned to support future new energy material businesses [4] Product Pricing and Market Trends - Recent price trends for key products show a 73% increase in the average market price of industrial-grade monoammonium phosphate to 6,553 RMB/ton, and 3,842 RMB/ton for calcium hydrogen phosphate [5] - The company maintains a stable production and operational status, leveraging its integrated supply chain from phosphate mining to product manufacturing [5] Resource Injection from Shareholders - The controlling shareholder, Sichuan Development (Holding) Co., Ltd., possesses rich mineral resources, including phosphate, lithium, vanadium-titanium, iron, and lead-zinc [6][7] - Recent resource injections include the Tianrui Mining phosphate resources and the Simanzuo lithium mine, enhancing the company's resource base [6][7] Export Performance - The company reported a 112.91% year-on-year increase in foreign revenue, totaling 520 million RMB in the first half of 2025 [8] Acquisition and Production Capacity - The acquisition of Tianbao Company enhances the company's competitive edge in the calcium phosphate feed additive sector, with stable production capacities of 450,000 tons/year for feed-grade calcium hydrogen phosphate and 250,000 tons/year for dihydrogen calcium phosphate [8] - Total production of various phosphate chemical products reached 2.3723 million tons in 2024, a 16.89% increase year-on-year [8] Future Capital Expenditure - Planned capital expenditure includes an investment of 366 million RMB for a 100,000 tons/year lithium dihydrogen phosphate project in Mianzhu City, Sichuan Province [9] - The company aims to strengthen its position in the phosphate chemical sector while expanding into upstream mineral resources and downstream new energy materials [9]