Overclocking three plans for 5 billion to build the production base of key materials for lithium cathode, Shenzhen Stock Exchange issued a letter of concern.

On February 9th, overclocking 3 (300647) received a letter of concern from Shenzhen Stock Exchange. According to the concern letter, on the evening of January 28, overclocking 3 disclosed the announcement on the proposed investment in the construction of lithium battery cathode key materials production base and the signing of the investment agreement, saying that the company and its holding subsidiary Gejiu Sheng Bihe Industrial Co., Ltd. (hereinafter referred to as "Gejiu Sheng Bi he") planned to sign the "Investment Agreement for the Construction Project of Lithium Battery cathode key Materials production Base" with the people's Government of Honghe Hani and Yi Autonomous Prefecture. Invest in the construction of lithium battery cathode key materials production base, the total investment of the project is 5 billion yuan, including fixed assets investment of 3.5 billion yuan.

The three main products of overclocking are electronic radiators and LED lighting, and the net profit has continued to decline in the past five years. The 2021 performance forecast shows that the net profit belonging to the shareholders of listed companies is expected to be a loss of 128 million yuan to 173 million yuan, and the quarterly report of 2021 shows a monetary fund balance of 173 million yuan. Gejiu Sanbi and 2021 had an operating income of 109 million yuan from January to July, a net profit of 4.2224 million yuan and a net asset of 157 million yuan at the end of July 2021.

In the letter of concern, the Shenzhen Stock Exchange requires overclocking to combine the operation of the main business, the relationship between the cathode materials of lithium batteries and the company's main business, to explain in detail the reasons and necessity of this investment, whether there will be significant changes in the company's main business and business direction, and fully remind the operating risks.

In addition, according to the announcement issued on the 28th of overclocking, the total investment of the above projects is expected to be 5 billion yuan, of which 3.5 billion yuan is invested in fixed assets. The specific construction contents are as follows: the project covers an area of about 800mu to build an annual production line for treating 45000 tons of metal waste lithium batteries and electrode materials, with an annual output of 60, 000 tons of precursors, 20, 000 tons of lithium carbonate, 20, 000 tons of cathode materials, etc.

According to the plan, the construction period of the project is 4 years, which is divided into three phases. Among them, the first phase of the project has a total investment of 900 million yuan (including 600 million yuan in fixed assets) to build an annual production line for treating 11000 tons of metal waste lithium batteries and electrode materials, with an annual output of 15000 tons of precursors, 5000 tons of lithium carbonate and 10,000 tons of cathode materials.

Chaoqiang 3 said that Gejiu Sanbi, a subsidiary of the company, is one of the first high-tech enterprises to enter the research, production and sales of lithium-ion battery materials in China. It has the complete industry chain technology of "comprehensive recycling of waste lithium-ion battery materials-precursor / lithium carbonate-cathode materials". Through the old Sanbi, the company has successfully cut into the field of key materials for lithium battery cathode, and in the future, the company will seize the "dividend" of a number of incentive policies for the new energy industry and continue to dig deep into the field of new energy materials. to achieve the strategic business layout of the complete industry chain of new energy lithium battery cathode materials.

In this regard, the Shenzhen Stock Exchange also requires overclocking three combination of precursors, lithium carbonate, lithium battery cathode materials market environment, industry barriers, competition pattern, upstream and downstream, main raw materials, company and Gejiu San ratio and existing production capacity scale, technology, capital, qualifications and personnel, order reserves, and comparison with companies in the same industry, etc., to explain in detail the feasibility and realizability of project investment and construction. And fully remind the risk that the goal can not be achieved, and so on.