Ningde Times reinvested in the establishment of a new energy materials company, including the R & D, production and sales of lithium carbonate and other products.

SMM February 9: according to the recent APP data, Fengxin Times New Energy Materials Co., Ltd., which is held by Yichun Times New Energy Resources Co., Ltd., a wholly-owned subsidiary of Ningde Times, was established with a registered capital of 1 billion yuan.

The company's business scope includes lithium carbonate series products, lithium cathode materials and other chemical products R & D, production and sales; new materials technology research and development, promotion services and so on. According to its equity penetration chart, the company is jointly owned by Yichun Times New Energy Resources Co., Ltd. (a wholly-owned subsidiary of Ningde Times) and Suzhou Tianhua Chaojing Technology Co., Ltd., with the former holding 90% and the latter 10%.

Recently, Ningde era has also been repeatedly exposed the news of the establishment of shareholding companies. Sichuan Times New Energy Resources Co., Ltd. was established on January 13, with a registered capital of 1 billion yuan. The scope of business includes: mineral processing; mineral washing and processing; metal ore sales; research and development of new materials technology, etc. The company is 100% controlled by Ningde Times (300750).

In addition, the Ningde era also laid out upstream resource companies many times, as follows:

On January 9, Fengxinshi Zhicun New Energy Materials Co., Ltd. was established with a registered capital of 1 billion yuan. the scope of business includes: lithium carbonate series products, lithium cathode materials (except national special regulations) and other chemical products except R & D, production and sales. The company is jointly owned by Ningde Times and Jiangxi Zhicun Lithium Industry Co., Ltd., with a shareholding ratio of 80% and 20%, respectively.

On December 31, 2021, Guizhou Times Mining Co., Ltd. was established, the legal representative is Jiang Li, with a registered capital of 800 million yuan, the scope of business includes: mining of mineral resources (non-coal mines), mineral processing (except rare earth, radioactive minerals, tungsten); mineral washing and processing; metal ore sales and so on. The company is jointly owned by Ningde Times (Guizhou) New Energy Materials Co., Ltd., a wholly-owned subsidiary of Ningde Times, and Guizhou Phosphating (Group) Co., Ltd., with a shareholding ratio of 90% and 10% respectively.

On November 23, 2021, Yichun Times New Energy Resources Co., Ltd., a wholly-owned subsidiary of Ningde Times, was established, with the legal representative of Jiang Li and a registered capital of 1 billion yuan. the scope of business includes mining of mineral resources (non-coal mines), research and development of new materials technology, investment activities with own funds, export business of lithium series products, etc.