Youngy Co., Ltd.
融捷股份
002192
Shenzhen Stock Exchange
Company Profile
1. Lithium Resource Reserves The Company owns the mining right of the 134th vein of the Kang Methyllite Ore Mine, with an average grade of over 1.42%, located in the Kangding City Methyllite Ore Mine Area, a lithium resource construction base. The lithium oxide content of the 134th vein of the Company's Methyllite Ore Mine is high, the veins are concentrated, the mining conditions are superior. It is a solid resource base for the Company to build an integrated industrial chain of lithium battery materials and continuously extend the industrial chain layout. Market research shows the current and future years lithium resource supply is sufficient, but in the long term, the new energy and storage industry is still expanding. During the period of lithium price low fluctuation, strategic position of lithium resources is increasingly highlighted, and having a continuous and stable supply guarantee is the core competitiveness of the Company. 2. Industrial Chain Synergy The Company its controlling shareholders and other related parties are all involved in the layout of the lithium battery industry chain. They are interdependent upstream and downstream. For details of the industrial chain layout, refer to "I. Main Business of the Company during the Reporting Period" in this section, "(IV) Main Drivers of the Company's Performance", "3. Company's comprehensive layout on the new energy lithium battery material industry chain". The Company will rely on its controlling shareholders and other related parties and the Company's complete layout the lithium battery industry chain to further integrate the upstream and downstream of the lithium battery material industry chain and help the Company to share technology heritage and play the synergy of the industry chain 3. Cost Competitive Advantage The Company obtained lithium resources earlier and carried out full-scale open-pit mining, with relatively low related costs and lithium concentrate products gross margin has always maintained at a relatively high level. In the current situation of sufficient lithium resource supply and lithium product price continues to fluctuate at a low level, the company' lithium concentrate product gross profit margin still has a strong competitive advantage in the industry.
Full description
Youngy Co., Ltd. is committed to becoming one of the high-tech leaders in industries of domestic new energy materials. The company's main business is the industry chain of new energy lithium battery materials, including the mining and beneficiation of lithium mineral, the producing and deep processing of lithium salt, the equipment of lithium battery and other businesses, and shares in nickel-cobalt-lithium wet smelting and deep processing, lithium battery cathode materials and other links. 1.Our company's business of lithium mineral is mainly conducted by its wholly-owned subsidiary Ganzi Rongda Lithium Co., Ltd., So far Rongda has lithium opencast working capacity of 1,050,000 tons per year and lithium beneficiation capacity of 450,000 tons per year. Ganzi Rongda Lithium Co., Ltd. produces lithium concentrate and sells it to downstream lithium salt plants for producing lithium salt and processing products. Major downstream customers of lithium products are mainly lithium battery material factories and lubricant related manufacturers. Our company has signed a Kangding Green Lithium Industry Investment Agreement with the Kangding Municipal Government, and will gradually promote the construction of green lithium industry park projects, with the main project being a 2.5 million ton/year lithium ore selection project.According to the feasibility study report of the project, while the project is completed and put into operation, it can supply amount 470,000 tons of lithium concentrate annually, which will become the largest capacity in lithium ore benefication project in China. 2.The company's layout in the lithium salt and deep processing business mainly includes:one is Chengdu Youngy Lithium Technology Co., Ltd. Which has been jointly invested and established with the Youngy Investment Holding Group Co., Ltd., other is Sichuan Chang He Huali Technology Co., Ltd.(SCHT) Which has been acquired by buying.The planned capacity of the lithium salt project of the joint-stock subsidiary Chengdu Youngy Lithium Technology Co., Ltd. is 40,000 tons per year. By September 30, 2021, the construction of the first phase of the lithium salt project of 20,000 tons per year has been completed, and the joint commissioning with materials has been basically completed. Sichuan Chang He Huali Technology Co., Ltd. which has been engaging for a decade in producing and marketing of lithium salt, including lithium carbonate and lithium oxide. So far it has a manufacturing and processing capacity of lithium carbonate of 3,000 tons per year and lithium oxide of 1,800 tons per year.The planned production capacity of Chengdu Youngy Lithium Industry, a lithium salt enterprise jointly operated by the company, is 40000 tons/year. Within 2022, the first phase of Chengdu Youngy Lithium Industry's 20000 tons/year lithium salt project has been completed and officially put into operation, which is beneficial for the company to further improve its comprehensive market competitiveness and profitability. If the planned production capacity of Chengdu Youngy Lithium Industry is fully completed, its production scale will be one of the larger among domestic single lithium salt plants. 3.Dongguan Tec-Rich Engineering Co., Ltd.(DTE) is a platform for new energy lithium battery equipment manufacturing business. Major products include non-standard back-end and assembly section products from the consuming lithium battery production line and power lithium battery production line. 4.The company's lithium battery cathode material business is carried out by its wholly-owned subsidiary, Guangzhou Rongjie Power Materials Co., Ltd. (hereinafter referred to as "Guangzhou Rongjie Power"), which was established in 2023. Currently, it plans to invest in the construction of a lithium-ion battery cathode material manufacturing and R&D base project in Nansha District, Guangzhou City. At the same time, it holds shares in Hefei Rongjie Energy Materials Co., Ltd., which mainly engages in the R&D, production and sales of lithium-ion battery cathode materials, with main products including lithium cobalt oxide, ternary materials and lithium iron phosphate. By August 2024, the construction of the Rongjie Power project has been fully topped out, including six single buildings: the lithium iron phosphate factory, the multi-story warehouse, the power station, the pilot research center, the staff dormitory building, the talent apartment and the cafeteria. As of the end of the reporting period, the project is continuing with exterior decoration works, implementing roadbed replacement and filling, following up on the partial acceptance of the main structure of each building, and preparing for the compilation and submission of the environmental impact assessment report. 5、The Company has invested RMB 100 million to establish a wholly-owned subsidiary, Lanzhou Regent Materials Technology Co., Ltd. Lanzhou New District, Lanzhou, which is mainly engaged in the processing, production and sales of lithium-ion battery negative materials, etc. On December 13, 024, the establishment of Lanzhou Regent Materials was completed. 6.Hefei Youngy Metal Technology Co., Ltd., mainly engaged in the development, production and sales of cobalt, nickel, copper, lithium and other non-ferrous products, the main products of cobalt oxide, mainly used in the manufacture of lithium ion battery anode materials, magnetic materials.