Huayou Cobalt Co., Ltd. plans to set up an industrial fund of nearly 600 million to invest solely in the equity of lithium power materials in Zhejiang Times.

On July 28th, Huayou Cobalt Industry (603799) issued an announcement. On the 27th, the company signed a partnership agreement with Quzhou State-owned Xin'an Capital Management Co., Ltd. (hereinafter referred to as "Principal Capital") and Quzhou Liangshan Industrial Investment Co., Ltd. (hereinafter referred to as "Liangshan Investment"). The signing of the partnership agreement of Quzhou Anyou Equity Investment Partnership (Limited Partnership), It is proposed to jointly establish Quzhou Anyou Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Partnership"). Among them, Principal Capital is a general partner, Huayou Cobalt Industry and Liangshan Investment are limited partners. The total contribution of the partnership is 1.2 billion yuan, of which Huayou Cobalt contributed 599 million yuan, accounting for 49.92%.

The announcement shows that the investment goal of the partnership is to give full play to the business advantages of managers' professional investment, help the invested enterprises grow rapidly, and obtain investment income from the capital market for the partners. it is proposed to invest solely in the equity of unlisted enterprises of Zhejiang Times Lithium material Co., Ltd.

1.2 billion yuan single investment in the equity of an unlisted company, what is the charm of this enterprise?

It is reported that Zhejiang Times Lithium material Co., Ltd. was established on March 8, 2021, the legal representative is Li Tiancheng, the registered capital is 20 million yuan, the address is located in Quzhou City, Zhejiang Province, the business scope includes emerging energy technology research and development; technology services, technology development, technology consultation, technology exchange, technology transfer, technology promotion (except for projects that must be approved according to law, carry out business activities independently on the basis of business license). Through equity penetration, the company is 99.5% controlled by Quzhou Xinyou Equity Investment Partnership (limited partnership) and 0.5% owned by Quzhou Liangshan Enterprise Management Co., Ltd.

It is worth noting that on May 18, the Zhejiang Times Lithium Materials International Industrial Cooperation Park project invested by Zhejiang Times Lithium Materials Co., Ltd. signed a contract to settle in Quzhou. The project covers an area of about 5038 mu, including the construction of 400000 tons of lithium electricity ternary precursors and 300000 tons of lithium cathode materials and their upstream and downstream projects, as well as power plants, caustic soda, sewage treatment plants, air separation, solid waste centers and other supporting projects. Among them, the annual output of 400000 tons of lithium electricity ternary precursors and 300000 tons of lithium cathode materials and the corresponding scale of green smelting project land is about 2320 mu.

Two months later, the first phase of Zhejiang Times Lithium material International Industry Cooperation Park project officially started on July 18. According to reports, the project is an advanced manufacturing project with the largest single investment in the history of Quzhou, and has been listed as a provincial governor's project and a provincial major industrial project (pre-selected category). Project planning and layout of new energy lithium materials, battery-grade nickel sulfate, new power batteries, cobalt and manganese matching, as well as natural gas energy, environmental protection, air separation oxygen center utilities and other seven plates.

Huayou Cobalt said that the company's development strategic plan during the 14th five-year Plan period regards the new energy lithium materials industry as the key development core business, and this foreign investment to participate in the establishment of an industrial fund is in line with the company's overall development strategic planning. the future investment target of this industry fund will mainly focus on the related fields of new energy lithium materials, and will promote the transformation and upgrading of the company to the new energy lithium materials industry. It will help the company to create a more competitive new energy lithium power industry ecology.

The battery network has learned that since the beginning of this year, Huayou Cobalt Industry has continued to develop the field of lithium new energy materials in accordance with the company's plan:

On the afternoon of March 1, Qingshan Industry and Huayou Cobalt Co., Ltd., Zhongwei Co., Ltd. signed a high ice nickel supply agreement. The three parties jointly agreed that Qingshan Industries will supply 60,000 tons of high matte nickel to Huayou Cobalt Industry and 40,000 tons of high matte nickel to Zhongwei shares within one year from October 2021.

On May 23, Huayou Cobalt plans to buy its 38.6175% stake in Palmer Technology, a producer of cathode materials, from Hangzhou Hongyuan at a transaction price of 1.351 billion yuan. On the same day, Huayou International Cobalt Co., Ltd., Huayou International Cobalt Co., Ltd., signed the "Indonesia Huayu Nickel Cobalt laterite Nickel Ore Wet smelting Project Joint Venture Agreement" with Yong Rui, Glaucous, Yiwei Asia and LINDO, and the company intends to establish a joint venture company with other joint ventures through Huayou International Cobalt Co., Ltd. The joint venture company plans to build a laterite nickel ore hydrometallurgy project in WedaBay Industrial Park, Indonesia, with an annual production scale of about 120000 tons of nickel metal and about 15000 tons of cobalt metal products.

On June 11, Huayou Cobalt Industry disclosed the plan to issue A-share convertible bonds. The company plans to issue A-share convertible bonds to the public, raising a total of no more than 7.6 billion yuan (including 7.6 billion yuan). After deducting the issuing expenses, it is proposed to use 4.6 billion yuan for the integration project of 50, 000 tons of ternary cathode materials for high-nickel power batteries and 100000 tons of ternary precursor materials. 1 billion yuan is used for the precursor project of ternary cathode material with an annual production capacity of 50, 000 tons of high-performance power battery, and 2 billion yuan is used to supplement liquidity.

On the same day, Huayou Cobalt announced that through its wholly-owned subsidiary Guangxi Bamo Technology Co., Ltd., it plans to invest in the construction of an integrated project with an annual output of 50, 000 tons of ternary cathode materials for high-nickel power batteries and 100000 tons of ternary precursor materials. It is reported that the project is mainly composed of three parts, specifically: the production line of high-purity battery-grade nickel sulfate with an annual output of 50,000 tons (metal), the production line of ternary precursor materials for high-nickel power batteries with an annual output of 100000 tons, and the production line of ternary cathode materials for high-nickel power batteries with an annual output of 50,000 tons. The construction cycle of the project is two years. According to the preliminary calculation, the total investment of the project is 6.308 billion yuan.

In addition, Huayou Cobalt Industry also said that it plans to invest in the construction of an annual production capacity of 50,000 tons of high-performance power battery ternary cathode material precursor project through its wholly-owned subsidiary, Huayou New Energy Technology (Quzhou) Co., Ltd. The construction cycle of the project is two years. According to the preliminary calculation, the total investment of the project is 1.428 billion yuan.