Another listed company cuts into the business scope of lithium electricity and plans to increase the production and marketing of lithium hexafluorophosphate.

On the evening of July 5th, Chuan Heng (002895) announced that the company intends to adjust the company's business scope because of its intention to invest in the construction of iron phosphate project. in the existing business scope to increase the "iron phosphate, lithium iron phosphate, lithium hexafluorophosphate production and sales", at the same time according to the changes in the business scope to amend the articles of association.

It is reported that Chuanheng shares was changed and set up by Guizhou Chuanheng Chemical Co., Ltd., at present, it has formed a phosphorus chemical circular economy industry group of mining, phosphate production, phosphorus chemical technology innovation, development and utilization of associated resources, phosphogypsum building materials, phosphorus nutrition technical services, and product sales. In August 2017, the company was listed on the Shenzhen Stock Exchange.

According to the announcement issued by Chuanheng shares a few days ago, the company plans to build an iron phosphate project in the factory area of Longchang Town, Fuquan City and Shuanglong Industrial Park in Niuchang Town, with a total investment of about 500 million yuan, which is divided into two phases. Among them, the first phase of the project is 50kt/a ferric phosphate products, 48000 tons of ammonium sulfate products; the second phase of the project is 50kt/a ferric phosphate products, 48000 tons of ammonium sulfate products. Up to now, the project has been completed for the record, and it needs to be examined and approved by the relevant management departments in the later stage before it can be implemented.

Chuan Heng said that the new iron phosphate project is a bridge for the company to enter another category of phosphorus chemical industry, which can enrich the company's product structure and increase the company's anti-risk ability; at the same time, the construction and implementation of the project will also bring new profit growth points for the company and more returns for investors.