The annual report of SD Lomon company showed that currently, the main building of the first phase of the 50,000-ton iron phosphate project in Panzhihua has been completed more than half, but has not yet been put into production, with a project progress of 43.85%; the 100,000-ton iron phosphate project in De'a is still under construction, with a project progress of 74.25%. The two projects have a total of 20,000 tons of lithium iron phosphate production lines that have been basically completed and are undergoing testing and verification at the factory, and another 40,000 tons of lithium iron phosphate production line equipment installation is in progress. The total investment of these two projects is close to 20 billion RMB.