Hunan Haili plans to acquire 100% equity of Haili Lithium Power to lay out the new energy field with nearly 100 million yuan.

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On the evening of December 28th, Hunan Haili (600731) announced that the company intends to buy the 100% equity of Hunan Haili Lithium Technology Co., Ltd., held by the company's largest shareholder, Haili Group, for 97.7737 million yuan. After the completion of this acquisition, Haili Lithium Power will become a wholly-owned subsidiary of the company, and the equity change procedures are currently under way, which is not expected to have a significant impact on the company's operating performance in 2021.

According to public data, Haili Lithium Power is a high-tech enterprise specializing in the research, production and sales of cathode materials for lithium batteries. At present, its main products are dynamic lithium manganate, high-capacity lithium manganate, ternary materials and other products.

In terms of production capacity, Haili Lithium Power has an annual production capacity of 5000 tons of lithium battery cathode materials (including 4000 tons of lithium manganate), which is the largest integrated R & D and production base of lithium manganate in Hunan Province.

In terms of technology, Haili Lithium has applied for 8 invention patents and 4 utility model patents, of which 5 invention patents and 4 utility model patents have been authorized.

In terms of performance, Haili Lithium achieved revenue of 100 million yuan and net profit of 2.7569 million yuan in 2020, while revenue of 178 million yuan and net profit of 5.325 million yuan from January to September in 2021.

Hunan Haili said that this equity acquisition is an important measure for the company to expand its new business and improve its industrial layout on the basis of expanding and strengthening its existing main business. In the future, the company will give full play to the product and channel advantages of Lithium in the field of new energy batteries, accelerate its business development in the field of new energy batteries, and provide a new profit growth point for the company's long-term development.

Battery network noted that Hunan Haili mainly engaged in chemical pesticides, fine chemical products research and development, production, sales, the main products are carbamates, organophosphorus, heterocycles and other products. Prior to this acquisition, Hunan Haili was not involved in lithium power-related business, and there was a risk of insufficient reserves of related technology and talents.

In this regard, Hunan Haili said that the follow-up company will rely on the scientific research platform of Hunan Chemical Research Institute Co., Ltd., aiming at the development direction of new energy batteries in the future.