Views: 0 Author: Site Editor Publish Time: 2025-02-07 Origin: Site
Recently, the lithium battery leader Ganfeng Lithium Industry (002460) issued an announcement that its holding subsidiary Jiangxi Ganfeng Lithium Technology Co., Ltd. (hereinafter referred to as "Ganfeng Lithium") intends to invest 200 million yuan with professional investment institutions to subscribe to the property share of Luoteng (Hangzhou) Equity Investment Partnership (Limited Partnership).
The target total subscribed capital of the partnership is 2 billion yuan, and Ganfeng Lithium's subscribed capital is 200 million yuan, which will be paid in 4 installments, with the first installment of 40 million yuan paid in actual payment. The funds come from the company's own funds, and the investment will not be included in the company's consolidated financial statements.
The partnership invested this time will mainly make direct or indirect equity investments or engage in investment-related activities in related new energy asset projects such as industrial and commercial distributed photovoltaics, distributed wind power, centralized wind power, and ground distributed photovoltaics.
Through this investment, Ganfeng Lithium will use a professional investment platform to expand its lithium battery energy storage business, develop new energy business, and further develop overseas energy storage markets.
In addition, Ganfeng Lithium also mentioned in the announcement that Hangzhou Baobi New Energy Technology Co., Ltd. will actively promote Ganfeng Lithium's energy storage procurement project cooperation in Saudi Arabia and coordinate its Singapore shareholders to establish communication channels with Ganfeng Lithium. The investment aims to help Ganfeng Lithium expand its lithium energy storage business, develop overseas markets, improve its industrial layout, and enhance its competitiveness.
One of the leading companies in China's lithium battery industry
Public information shows that Ganfeng Lithium (stock code: 002460) was established in 2000 and is one of the leading companies in China's lithium battery industry, with a total market value of nearly 70 billion yuan. The company is mainly engaged in lithium mineral resource development, deep processing of lithium products and lithium energy storage business, and is one of the world's leading lithium product suppliers.
Ganfeng Lithium has rich lithium mineral resources worldwide and masters the technologies of "extracting lithium from brine", "extracting lithium from ore" and "extracting lithium from recycling". Its main products are widely used in electric vehicles, energy storage, 3C products, chemicals and pharmaceuticals.
At the same time, the company has made remarkable achievements in technological innovation, and has a number of national invention patents and provincial and ministerial awards, involving lithium extraction from ore, lithium extraction from brine and recycling of waste lithium materials, and has also made breakthroughs in solid-state batteries and high electromagnetic shielding TWS battery technology.
From the market perspective, Ganfeng Lithium's operating income in 2023 reached 41.822 billion yuan, ranking 289th among the top 500 private enterprises in China, and its products are exported to more than 20 countries and regions around the world.
Adding new energy and expanding photovoltaic investment
In terms of new energy, in recent years, Ganfeng Lithium has actively expanded the new energy industry chain, laid out energy storage, photovoltaics and other fields, and is committed to creating a closed loop of the entire industry chain from resources to applications.
In 2023, Ganfeng Lithium actively invested in photovoltaic construction, and its rooftop photovoltaic projects, including the distributed photovoltaic power generation project of Ganfeng Lithium Power Plant, the 2.45MW project of Recycling Technology and the 4.08MW project of 10,000 tons of lithium salt, have all been connected to the grid for power generation. In addition, Ganfeng Lithium has built a 120MW photovoltaic power station around the Mariana Salt Lake project in Argentina to achieve 100% sustainable energy supply.
In 2024, Ganfeng Lithium will continue to expand its photovoltaic investment and plans to provide no more than US$50 million in financing for the first phase of Safo's 50MWc solar photovoltaic power generation and 25MWh energy storage power station in Mali.
In terms of performance, in the first three quarters of 2024, Ganfeng Lithium achieved revenue of 13.925 billion yuan, but its net profit attributable to the parent company was a loss of 640 million yuan. Despite short-term fluctuations in performance, the company still strives to enhance its competitiveness and profitability in the energy storage and new energy markets by investing in new energy fields.
