Huasheng Lithium Battery landed on the Shanghai Stock Exchange Science and Technology Innovation Board on July 13th this year. It is a high-tech enterprise focusing on researching, developing, producing, and selling lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. , has highly covered the Chinese domestic market and exported to Japan, South Korea, the United States, Europe, Southeast Asia, and other countries and regions.
The electrolyte is an essential component of lithium batteries, and its performance has a direct and significant impact on the performance of lithium batteries. Therefore, increasing the functional role of electrolytes in lithium batteries is a critical way to improve the the performance of lithium batteries. The additive has the characteristics of small dosage and remarkable effect and can significantly improve various performances of lithium batteries without increasing production costs and changing production processes.
Huasheng Lithium's prospectus shows that the company's IPO fundraising is mainly used for the annual production of 6,000 tons of vinylene carbonate, 3,000 tons of fluoroethylene carbonate projects and R&D center construction projects.
According to the latest announcement, in order to further improve the company's layout in the new energy industry chain and enhance its core competitiveness, Huasheng Lianying, a joint venture between Huasheng Lithium and Huaying New Energy, is mainly engaged in the production of one of the four primary raw materials for lithium-ion batteries. R&D, production, and sales of anode materials.
The annual production of 200,000 tons of low-energy and high-performance lithium battery anode materials project is located in Jiangyin High-tech Zone. Among the total investment of 1.26 billion yuan, the construction investment is 1.02 billion yuan, and the working capital is 240 million yuan. The company will invest in batches according to the progress of the project construction and plans to obtain about 150 acres of project land through bidding, auction, and listing; build new production workshops, warehouses, comprehensive office buildings, R&D centers, etc.
According to Huasheng Lithium Battery, with the rapid development of the new energy vehicle industry, the demand for its related lithium-ion battery materials is increasing daily, which has broad market development prospects. Anode materials are one of the most essential raw materials for lithium batteries, which mainly affect the capacity, initial efficiency, and cycle performance.
Huasheng Lithium Power stated that due to the long period required for project construction and considering the influence of many factors, such as the production line after the completion of the project and market development, the project will not have a substantial impact on the company's operating performance in the short term. It is not expected to significantly impact the company's 2022 operating performance.