Plan to increase capital by 20 million Oupeng Science and Technology to participate in power exchange and recovery of gold shares: the first phase of the Tibet Salt Lake Lithium Mine Project is expected to reach production by the end of May.

Jinyuan shares (000546.SZ) continue to expand the lithium resources industry chain. A reporter from the Financial Associated Press learned from relevant sources that the company's Lxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

March 22nd, Jinyuan shares announcement, subsidiary Jinyuan New material plans to increase capital to Zhejiang Oupeng Technology Co., Ltd., holding 20% equity of Oupeng Science and Technology Co., Ltd. Data show that Oupeng Technology is an urban zero-carbon traffic power system service provider, mainly engaged in the R & D and manufacture of standardized lithium batteries for new energy vehicles, ecological operation of new energy exchange vehicles and smart energy network operation.

It is reported that the 20 million yuan of this capital increase will be used by Oupeng Technology for the construction of the first model station in the field of urban zero-carbon power system, as well as the development and operation of auxiliary systems. A source related to Jinyuan shares told the Financial Associated Press, "this investment is in line with the layout of the company's waste lithium battery recycling system downstream of lithium resources, and the company is optimistic about the prospect of power exchange and recycling business. If the operation of Oupeng Technology is good in the later stage, the company may continue to increase its capital."

Of concern are the performance commitments in the capital increase agreement. According to the agreement, by September 30, 2022, the first Oupeng technology exchange power station will operate smoothly and sell not less than 100 power vehicles; if not, the other two shareholders of the company, Hangzhou Outai Enterprise Management Partnership (limited partnership) and Lin Feng Xiang Jinyuan New material, transfer their total 5% stake in Oupeng Technology unconditionally at a price of 1 yuan.

Financial data show that in the past two years, Oupeng's revenue was 5.1057 million yuan and 3.6137 million yuan respectively, while the net profit in the same period was 228400 yuan and-3.4677 million yuan respectively. In view of the sharp decline in revenue and net profit of Oupeng Technology in 2021, Jinyuan shares explained to the Financial Associated Press, "Last year's deficit was mainly due to the large investment in the construction and replacement of power stations." As for Oupeng's 2022 performance target, the person concerned said it was impossible to predict, "after all, we are only a shareholder."

Data show that Jinyuan shares are mainly engaged in building materials, environmental protection and new materials business. On January 26, 2022, Jinyuan issued a second take-off plan: it is determined that staff reduction and environmental protection will focus on the development of new energy materials and make every effort to promote domestic and overseas salt lake lithium mine projects; steadily and comprehensively develop solid and hazardous waste resource disposal and comprehensive recycling of waste lithium batteries and rare and precious metals; at the same time, deepen the fine management of cement kiln collaborative disposal business.

A reporter from the Financial Associated Press is concerned that Jinyuan shares have been acquiring lithium ore resources since September last year as an important measure for the company to expand into the field of new energy materials. Since the beginning of this year, Jinyuan shares have made obvious moves to expand the lithium resources industry chain.

Prior to this, Jinyuan shares announced on February 8 that the company and Shanda Qili signed a "Strategic Cooperation Agreement" to expand the recycling network of waste lithium batteries in urban areas and carry out cooperation in recycling, echelon and recycling of waste lithium batteries. promote the development of waste lithium battery recycling industry; Then, on March 18, Jinyuan shares said on the investor interactive platform that the company was actively expanding and negotiating related lithium mining projects in order to increase its reserves of lithium resources.

According to the performance forecast, Jinyuan shares are expected to achieve a return net profit of 100 million to 150 million yuan in 2021, a decrease of 68.39% and 78.92% compared with the same period last year, and non-net profit of 0 to 50 million yuan, a decrease of 87.61% to 100.00% over the same period last year. The company said that the decline in operating profit is mainly due to the rise in coal prices, energy double control, power production restrictions and other comprehensive factors such as Qinghai subsidiary and Jiangxi Shangrao subsidiary under the control of the epidemic.