Shida Shenghua plans 2.805 billion yuan investment in three projects including 230,000 t/y liquid lithium salt and 200,000 t/y electrolyte

Shida Shenghua plans total investment of 2.805 billion yuan in three projects, including a 230,000 t/y liquid lithium salt project and a 200,000 t/y electrolyte project.

[Shida Shenghua: Plans total investment of 2.805 billion yuan to build three projects, including a 230,000 t/y liquid lithium salt project and a 200,000 t/y electrolyte project] Shida Shenghua (603026.SH) announced that its wholly-owned subsidiary Dongying Shida Shenghua New Energy Co., Ltd. plans to invest in a 230,000 t/y liquid lithium salt project, with an investment budget of 1.797 billion yuan. The construction period is 24 months, with estimated annual output value of 6.086 billion yuan and net profit of 1.523 billion yuan. The project aims to leverage integrated raw material advantages to improve market competitiveness and profitability.

The company's wholly-owned subsidiary Shenghua New Energy Technology (Dongying) Co., Ltd. plans to invest in a 12,000 t/y additives project, with a total estimated investment of 286 million yuan. The company's wholly-owned subsidiary Dongying Shenghua Lida Chemical Technology Co., Ltd. plans to invest in a 200,000 t/y electrolyte project, with an estimated total investment of 722 million yuan.