Ningde era invested in the establishment of a new energy resources company with a registered capital of 2 billion.

According to enterprise investigation, Sichuan Kant New Energy Resources Co., Ltd. (hereinafter referred to as: Kant New Energy) was established on April 2, with Zhu Yunfeng as its legal representative, with a registered capital of 2 billion yuan, and its business scope includes: research and development of emerging energy technologies; mineral processing; mineral processing; metal ore sales; precious metal smelting (except rare earths, radioactive minerals, tungsten), etc.

Equity penetration shows that the major shareholder of Kant New Energy is Sichuan Times New Energy Resources Co., Ltd. (hereinafter referred to as: time Resources), a wholly-owned subsidiary of Ningde Times (300750). Other shareholders include 29% of Sichuan Tianfu Mining Investment Co., Ltd., 20% of Ganzi Tibetan Autonomous Prefecture Investment Development Group Co., Ltd., and 11% of Yibin Sanjiang Huida New Energy Resources Co., Ltd.

Time Resources was established on January 13, 2022, the legal representative is qu Tao, the registered capital is 1 billion yuan, the business scope includes mineral processing, mineral washing and processing, metal ore sales, new material technology research and development, chemical products sales (excluding licensed chemical products) and so on. The company is 100% owned by Ningde Times.

Recently, Sichuan Times New Energy Resources Co., Ltd., a subsidiary of Ningde Times, signed a joint venture agreement with Ganzi Prefecture Investment Group, Yibin Sanjiang Huida Company and Sichuan Tianfu Mining Company, according to Ningde Times official WeChat. According to the agreement, all parties will carry out all-round cooperation in line with the national strategic mineral safety guarantee, speed up the exploration and development of lithium mineral resources in Sichuan Province, increase the supply of lithium resources, and promote comprehensive utilization in a scientific and orderly manner. promote the coordinated development of the whole new energy industry chain and provide important support for the development of the trillion-class power battery industry in Sichuan Province.

On the same day, Ningde Times disclosed in the newly released records of investor relations activities that the company ensures the supply of lithium resources through long-term cooperation, investment cooperation, recycling, self-exploitation and other ways. Among them, in terms of recovery, the recovery rate of lithium has exceeded 90%, and lithium recovery has played a certain role in supply guarantee; in addition, in addition to previous overseas investment and cooperation, the company has also invested in lithium resources in Yichun and other places to mine lithium mines on its own.

Oriental Securities recently released a research report and analysis said that the comprehensive layout of upstream materials in the Ningde era, not only ensuring the supply of materials, but also obtaining investment income, greatly improved its competitiveness, and had the least impact compared with other second-tier enterprises in this round of price increase cycle. reflects a very strong profit stability. Ningde era has recently begun to raise battery prices, with the gradual release of upstream material production capacity in 2022, most raw materials such as lithium hexafluorophosphate and additives will enter a price decline cycle, and the battery cost pressure will be gradually alleviated. At the same time, as the company's production and marketing continues to expand, the scale effect is increasingly prominent, battery profits are expected to be repaired.