Baoan plans to spend 700 million yuan on lithium-ion battery project

SMM1 18: China Baoan issued an announcement, its subsidiary Huizhou Bei Rui New material Technology Co., Ltd. plans to invest in Huizhou to build an annual output of 40, 000 tons of lithium-ion battery anode materials project, involving 777 million yuan. The project plans to build a production line of lithium-ion battery anode materials with an annual output of 40,000 tons in two phases in Huizhou Beterui Industrial Park, with a production capacity of 20,000 tons per phase.

In order to meet the needs of its own business development, Shenzhen Bei Rui New Energy Materials Co., Ltd. has increased its production capacity layout in South China to meet the production capacity demand of Li-ion battery anode materials in the future. Further consolidate Bertrand's leading position in the industry. If the project is successfully completed and sold, it is expected to have a positive impact on the company's future financial position and operating results.

Risk Tips:

1. Due to the uncertain factors such as the adjustment of national or local policies and the change of market environment, the investment and construction progress of the project is uncertain.

2. The source of funding for the construction of the project is Betterre's own or self-raised funds. In the process of construction, the project may exert some pressure on Betterre's future cash flow in a short period of time. Investors are invited to pay attention to investment risks.

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