Yongxing Materials and Ningde Times terminated joint ventures to seek other cooperation methods

On the evening of September 5th, Yongxing Materials (SZ002756, stock price was 135.10 yuan, and market value was 56 billion yuan) issued an announcement. The two sides seek other cooperation methods according to the actual situation.

According to the previous agreement, the two parties will establish a joint venture company to plan and build 6 million tons of mining capacity (some mining operations in Ningde Times), 6 million tons of mineral capacity and 50,000 tons of lithium carbonate production capacity projects.

"Daily Economic News" reporter noticed that although the cooperation with Yongxing Materials was terminated, the Ningde Times recently signed relevant strategic cooperation agreements with the photovoltaic leader Sunshine Power (SZ300274, the stock price of 122.59 yuan, and a market value of 182.1 billion yuan).

Lithium carbonate production capacity projects were planned

On January 26, after review by the board of directors of Yongxing Materials, the company agreed to sign the joint venture business agreement with the Ningde Times.

According to the agreement, the two parties will establish a joint venture company to plan and build 6 million tons of mining capacity (some mining operations in Ningde Times), 6 million tons of mineral capacity and 50,000 tons of lithium carbonate production capacity projects.

Among them, the first phase of the project will be built into 30,000 tons of lithium carbonate smelting capacity, and the construction of the corresponding capacity of the production capacity will be carried out. After the first phase of the project is reached, the two parties will start the remaining production capacity construction. The total investment of this investment does not exceed 2.5 billion yuan; the investment amount of the first phase of the project does not exceed 1.5 billion yuan.

Yongxing Materials said at the time that this cooperation will expand the increase in lithium raising of Yunmu, increase the company's market share in the lithium salt field, and will also cooperate closely with downstream to better understand market demand.

At that time, the Galaxy Securities Research reported that with the experience advantages of Yongxing Materials in the construction of lithium cloud mines and the construction of Yunmu lithium -lifting industry chain, the joint venture project is expected to achieve rapid production and consolidate the company's lithium Yunmu leading status; Cooperation and close linkage will help to track downstream companies' latest needs for the technology innovation of lithium salt products in real time, and further enhance the competitiveness of electric carbon products. In the context of the tight supply of lithium salt resources, the company's high -quality ore ending guarantee, steady expansion of smelting production capacity, and continuous optimized technical advantages will help accelerate the release of performance.

Will seek other ways of cooperation

After the agreement was signed, the wholly -owned subsidiary of Yongxing Materials Jiangxi Yongxing Special Steel New Energy Technology Co., Ltd. (hereinafter referred to as Jane Jiangxi Yongxing New Energy) and the wholly -owned subsidiary of Ningde Times Yichun Times New Energy Resources Co., Ltd. (hereinafter referred to as the Yichun era) The joint venture company Yifeng Times Yongxing New Energy Material Co., Ltd. (hereinafter referred to as a joint venture), with a registered capital of 1 billion yuan.

Among them, the registered capital of Yichun was 700 million yuan and 70%of the shares; Jiangxi Yongxing New Energy subscribed for 300 million yuan and 30%of the shares. After the establishment of the joint venture, the two parties have paid a total of 26 million yuan to the joint venture in accordance with the shareholding ratio, of which 18.2 million yuan was paid in the Yichun period, and the actual source of 7.8 million yuan in Jiangxi Yongxing New Energy was paid.

However, Yongxing Materials said that due to the actual situation and facing the new situation in the process of project preparation, the two parties negotiated the "joint venture business agreement", and the two parties will seek other cooperation methods according to the actual situation.

The two parties agreed that 30%of the joint ventures held by the Ningde Times or the designated party to the joint venture held by Jiangxi Yongxing New Energy. After the transfer was completed, Jiangxi Yongxing New Energy no longer holds the equity of a joint venture company.

Yongxing Materials said that the joint venture company has not carried out actual production and business operations. This transaction will not affect the company's normal production and operation, and there is no case that harms the interests of the company's shareholders.

Although the cooperation with Yongxing Materials was blown, the Ningde era also "joined forces" with another photovoltaic giant. On the evening of September 4, the officials of the Ningde Times sent a micro -news. A few days ago, Zeng Yuqun, chairman of Ningde Times, led a team to visit the headquarters of the Sunshine Power Group. Global cooperation is discussed and officially signed a strategic cooperation agreement.

The Ningde Times and Sunshine Power will give full play to their respective advantages and work together to develop the global optical storage integrated market. The two parties will expand cooperation in the innovation of energy storage system products and global applications, jointly promote industrial coordination, and help the sustainable development of the new energy industry.

Daily Economic News

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