Securities Code: 002324
Securities Abbreviation: Puliite
Announcement No.: 2026-033
Shanghai Puliite Composite Material Co., Ltd.
Announcement on the Upgrade and Renovation Project of Large-Format Advanced Battery Production Line
The Company and all members of its board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or major omissions.
Key Content Reminders:
(1) Shanghai Puliite Composite Material Co., Ltd. (hereinafter referred to as the "Company")'s controlling subsidiary, Jiangsu Haidada Energy Storage Technology Co., Ltd. (hereinafter referred to as "Energy Storage Technology"), plans to invest in the construction of the "Large-Format Advanced Battery Production Line Upgrade and Renovation Project" (hereinafter referred to as the "Project"). The construction period is expected to be 12 months, with commencement in July 2026 and completion and commencement of production in June 2027.
(2) The total investment in the project is approximately RMB 500 million, funded by the Company's own funds and self-raised capital.
(3) After the project is put into construction, it may be affected by various factors such as the macroeconomic environment, industry policies, and market changes. Furthermore, the project still needs to undergo some preliminary approval procedures, and there is a risk that construction may not be completed on time or that expected returns may not be achieved during operation.
I. Investment Overview
- Overview of This Investment
Against the backdrop of accelerating global energy transition and the continuous promotion of the "dual carbon" strategy, the demand for the energy storage battery market is growing rapidly. To further consolidate the Company's competitive advantage in the lithium-ion battery field, optimize its production capacity layout, and enhance its large-scale production capacity and intelligent manufacturing level, Energy Storage Technology plans to invest in the "Large-Format Advanced Battery Production Line Upgrade and Renovation Project." This project will involve intelligent upgrading of existing production capacity, the introduction of advanced energy-saving technologies and high-speed automated equipment, and the procurement of advanced intelligent equipment and software from domestic and international sources, such as coating machines, laser cutting machines, and testing systems. This will expand the production technology routes and product specifications, achieving green and efficient production. The total planned investment for the project is approximately RMB 500 million. Upon completion of the renovation, the project will effectively expand the Company's lithium-ion battery production capacity and enhance its mass production capabilities. The simultaneous improvement in production capacity and product quality will precisely meet the rapidly growing incremental demand from downstream customers.