The annual production capacity of Shengxin Lithium Energy Lithium Salt in Suining Shengxin Lithium hydroxide Project has increased to 70,000 tons.

It was learned from Shengxin LiNeng (002240) that on January 18th, Suining Shengxin held a production ceremony, and the project with an annual output of 30, 000 tons of lithium hydroxide was officially ignited and put into operation, and entered the stage of trial production. Since the construction of the lithium hydroxide project with an annual output of 30,000 tons, the project team has strictly controlled every link, scientific organization and deployment, fine management and standardized construction, and all work has been carried out in an orderly manner. There is no disconnection between each other, and the project team has entered the full closing stage by the end of December 2021. At the same time, in the process of construction, the project made full use of the advanced equipment and technology in the industry, and carried out a number of optimizations on the basis of Zhiyuan lithium industry, ensuring the advanced and forward-looking production equipment and technology of the project.

Sheng Xin Li Neng said that the Suining Shengxin 30,000 ton lithium hydroxide project is an important layout of the company's strategy to expand the scale of lithium salt production. The completion and commissioning of the project has increased the company's lithium salt production capacity to 70,000 tons per year, and the company's production capacity and industry status have been greatly improved. At the same time, drawing lessons from the production experience of Zhiyuan lithium industry, Suining Sheng new project is expected to reach production quickly, helping the company's lithium salt output to reach a new high.

According to the Shenggang Securities Research report, in 2016, the controlling shareholder of Shengxin Lithium Energy was transformed into Shengtun Group, and in 2017, the company officially cut into the lithium industry racetrack. In October 2020, the company spun off its fiberboard business, and in the same year, the company officially changed its name to Shengxin Lithium Energy Group Co., Ltd., and reached 40,000 tons of lithium salt production capacity. In 2021, the company continued to divest its rare earth business and focus on the lithium industry racetrack.

The data show that Shengxin lithium energy lithium salt business is implemented by subsidiary Zhiyuan Lithium Industry and Suining Shengxin. Subsidiary Zhiyuan Lithium Industry has 43000 tons / year lithium salt production capacity (28000 tons / year of lithium carbonate and 15000 tons / year of lithium hydroxide). Subsidiary Suining Shengxin plans to produce 30, 000 tons of lithium salt per year. In addition, the Indonesian joint venture company plans to invest in the construction of a project with an annual production capacity of 50,000 tons of lithium hydroxide and 10,000 tons of lithium carbonate in the Morowali Industrial Park, which is expected to be put into production in 2023.

In terms of customers, Shengxin Lithium Energy mainly adopts the combination of long-term association and zero order sales. at present, it has established stable cooperative relations with Ningde Times, Xiamen Tungsten Industry, Shanshan Energy, LGI, Betteri, German Nano, Dangsheng Technology, Rongbai Technology and other industry leading companies. Within the framework of the agreement, the company supplies a total of about 128400 tons of lithium salt.