6000 tons / year lithium hexafluorophosphate put into production in the Ningde era, it is proposed to transfer 25% equity of Yongtai Science and Technology holding subsidiary at the time of Ningde.

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The business cooperation between Yongtai Technology (002326.SZ) and Ningde Times (300750.SZ) is enhanced. On the evening of November 14, Yongtai Technology announced that PCCW Hengtong, a shareholder of its controlling subsidiary Yongtai High-tech, planned to transfer its 25% stake in Yongtai High-tech to Ningde Times for 500 million yuan. The company agreed to waive the preemptive right to buy 25% of Yongtai Hi-tech during the equity transfer.

It is reported that Yongtaigao's newly expanded 6000 ton / year project lithium hexafluorophosphate is scheduled to be put into production in early December and is expected to reach production within three months.

On the morning of November 15, the relevant person in charge of the company told reporters, "the Ningde era's investment in Yongtai Hi-Tech will bring more cooperation opportunities for the company, and at the same time make some additions to the company in the technical and strategic direction." the degree of cooperation between the two sides in business will be higher. In addition to the business agreements already signed, we hope that the two sides will reach more in-depth cooperation, such as other projects and products under construction. In addition, the company also welcomes cooperation between investors and downstream manufacturers in other industries in the field of lithium batteries. "

The reporter is concerned that the equity transfer Ningde era did not Synchronize announcement. The reporter tried to contact the Ningde era, but there was no response as of press time.

According to public data, Yongtaigao is newly registered in Jintang Industrial Park, Shaowu City, Fujian Province, and its main products include lithium hexafluorophosphate, lithium difluorosulfonimide (LIFSI) and LiF. As of September 30, Yongtai's new assets totaled 713 million yuan, with net assets of 505 million yuan; operating income of 530 million yuan and net profit of 264 million yuan in the first three quarters of 2021.

Lithium hexafluorophosphate is the most important component of the electrolyte, accounting for about 40% of the total cost of the electrolyte. As the main source of lithium hexafluorophosphate and LIFSI production capacity of Yongtai Technology, Yongtai Gaoxin currently has 2000 tons of lithium hexafluorophosphate and 500 tons of new LIFSI,. It is estimated that the total production capacity of lithium hexafluorophosphate will reach 8000 tons by the end of 2021.

It is worth noting that in order to obtain more rights and interests, Yongtai Technology has increased the value of Yongtai's high-tech equity. In August, Yongtai announced plans to buy a 15 per cent stake in Yongtai Hi-Tech for 150 million yuan. After the acquisition, Yongtai Technology's stake in Yongtai High New Technology increased from 60% to 75%. At that time, Yongtai Technology said that lithium electricity and other materials were one of the company's key business sectors, and Yongtai Gaoxin was an important carrier of this sector, and the acquisition would help to further improve the company's industrial layout.

In the same month, Yongtai Technology announced that Yongtai Technology and Ningde era signed a "material purchase Agreement", stipulating that Ningde era will purchase lithium hexafluorophosphate, lithium difluorosulfonimide (LIFSI) and vinyl carbonate (VC) products from the company for a supply period of up to 5 years.

In October, Yongtai Technology announced again that based on the needs of the company's strategic development, it is proposed to adjust the Yongtai high new construction project "annual output of 20, 000 tons of lithium hexafluorophosphate and 1200 tons of related additives and 50, 000 tons of hydrofluoric acid industrialization project" to "industrialization project of 134000 tons of liquid lithium salt per year". The total investment of the new project is 793 million yuan. it is predicted that the annual income of the new project will increase by 5.445 billion yuan and the annual net profit will increase by 670 million yuan.

Since the beginning of this year, the price of lithium salt products represented by lithium hexafluorophosphate has soared.