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 approved project investment of RMB 1.797 billion. The construction period is 24 months, with projected annual output value of RMB 6.086 billion and net profit of RMB 1.523 billion. The project aims to leverage the advantages of raw-material integration and enhance 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 RMB 286 million. 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 a total estimated investment of RMB 722 million.