Chuanjinnuo's business scope plans to increase the production and sales of iron phosphate and lithium iron phosphate.

On the evening of November 18th, the phosphorus chemical enterprise Chuanjinuo (300505) issued a notice that according to the actual business needs and development strategic layout, the company plans to add the production and sales of "iron phosphate and lithium iron phosphate". In addition, according to the requirements of the Yunnan Provincial Market Supervision and Administration Bureau on the standard expression and query system of business scope, it is necessary to adjust the expression of the company's original business scope through Synchronize.

According to the announcement, Chuanjinnuo's production and sales of iron phosphate and lithium iron phosphate are expressed as R & D, sales and manufacturing of electronic special materials.

Since the end of last year, the market of new energy vehicles and power batteries has remained high and improved for a long time. Chuanjinuo is speeding up the transformation with the help of the new energy Dongfeng and its own industrial advantages.

According to the official website, Chuanjinnuo is a high-tech enterprise specializing in the phosphorus chemical industry. It was founded in June 2005 and was successfully listed on the IPO of the Shenzhen Stock Exchange on March 15, 2016. The company's production base is located in Dongchuan District, Kunming City and Fangchenggang City, Guangxi. According to reports, at present, Kunming Dongchuan production base mainly produces feed-grade phosphate, supplemented by high concentration phosphate fertilizer, while Fangchenggang base focuses on industrial grade wet purification of phosphoric acid and high concentration phosphate fertilizer as a supplement, has entered the stage of trial production in early 2021 and is expected to be put into full production in early 2022. Chuanjinnuo has realized the graded utilization of wet-process phosphoric acid through continuous innovation and improvement of phosphoric acid purification technology, and plans to actively promote from industrial grade phosphate products to electronic and battery grade fine phosphate products.

According to the latest research report of Guohai Securities, as the main raw material of iron phosphate / lithium iron phosphate, the supply and demand of purified phosphoric acid has been tight since this year, especially after September, due to the production restriction of yellow phosphorus, the price of hot process phosphoric acid jumped, and the price of wet purified phosphoric acid also followed it all the way up, with an average price of 10147 yuan / ton in October, up 124% from the same period last year. Chuanjinnuo 100000 tons / year wet phosphoric acid purification project is about to be put into production, which is expected to fully benefit from the current high prosperity of the purified phosphoric acid market. In addition, the company's wet phosphoric acid purification project will also provide adequate raw material protection for the company's follow-up iron phosphate and lithium iron phosphate projects. It is optimistic that the company will be able to rely on the advantage of integration and fully enjoy the rapid development dividend of the new energy industry in the future.

In the field of iron phosphate and lithium iron phosphate, Chuanjinnuo has started the construction of a 5000 t / an iron phosphate production plant in early 2021 to complete production technical verification and downstream customer certification, which has been initially completed.

On November 9, Chuanjinuo announced that the company and the Port District people's Government of Fangchenggang City intend to sign the Project Cooperation Framework Agreement recently, and the two sides plan to give full play to their respective advantages. in Fangchenggang City, we will invest in the construction of "50, 000 tons / year battery-grade lithium iron phosphate cathode material iron phosphate and supporting 600000 tons / year sulfur sulphuric acid project" and "100000 tons / year battery-grade lithium iron phosphate cathode material project".