Stock Abbreviation: Shengxin Lithium Energy
Stock Code: 002240
Shengxin Lithium Energy Group Co., Ltd.
2025 Securities Prospectus for Issuance of A-Shares to Specific Targets
(Draft for Declaration)
Sponsor (Lead Underwriter): CITIC Securities Company Limited
Address: North Tower, Excellence Times Plaza (Phase II), No. 8 Center 3rd Road, Futian District, Shenzhen, Guangdong Province
Date: August 2026
Statement
The Company and all directors and senior management warrant that the contents of this prospectus are true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. They undertake to fulfill their commitments in accordance with the principle of good faith and bear corresponding legal liabilities.
The controlling shareholder of the Company warrants that the contents of this prospectus are true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. They undertake to fulfill their commitments in accordance with the principle of good faith and bear corresponding legal liabilities.
The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting institution guarantee that the financial and accounting information in this prospectus is true and complete.
Any decision or opinion made by the China Securities Regulatory Commission or the Shenzhen Stock Exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue statement.
According to the provisions of the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Important Notice
The Company requests that investors carefully read the full text of this prospectus before making investment decisions, and specifically draws attention to the following risk summary. For detailed information, please read "Section VII: Risk Factors Related to This Issuance" of this prospectus.
I. Risk of Market Price Volatility of Lithium Carbonate
The Company's core products are lithium carbonate and lithium hydroxide. In recent years, the price of lithium carbonate has fluctuated significantly due to market conditions. Since the second half of 2021, the price of lithium carbonate has continued to grow from less than 100,000 yuan/ton. In 2022, the market price of lithium carbonate rose to a maximum of approximately 600,000 yuan/ton. Since 2023, the price of lithium carbonate began to fall rapidly, hitting a bottom of 180,000 yuan/ton in April 2023, before rebounding. From mid-May 2023 to early June 2023, the price of lithium carbonate stabilized at 300,000 yuan/ton, then continued to fall to 70,000 yuan/ton. In 2025, the price of lithium carbonate showed a "bottom-seeking oscillation + interval rebound" trend: in the first half of the year, due to the resumption of mining at the Ningde Jianxiawo mining area, lower-than-expected demand for new energy vehicles, and global macroeconomic uncertainties, the price of lithium carbonate accelerated its decline to 60,100 yuan/ton in May 2025; in the second half of the year, concerns over production suspensions caused by the mining permit crisis in Yichun, Jiangxi, pushed the price of lithium carbonate to rebound strongly, and the price returned to rationality following the resolution of these events from August to October 2025. Due to the optimistic market expectations for lithium carbonate demand in 2026, the price fluctuated upward, and the average price rose back to 118,000 yuan/ton in December 2025.