Shida Shenghua (603026.SH) subsidiary plans to invest in the construction of a 12,000 tons/year additive project

Zhitong Finance App News, Shi Dashenghua (603026.SH) announced that Shenghua New Energy Technology (Dongying) Co., Ltd. (“Dongying Company”), a wholly-owned subsidiary of the company, plans to invest in the construction of a 12,000 tons/year additive project. The construction of the project includes the construction of a new 12,000 tons/year lithium fluoride unit, supporting on-site cabinet rooms, three-dimensional finished product warehouses, etc. The project is estimated to have a total investment of 286 million yuan and a project construction investment of 282 million yuan. The project construction site is No. 198, Tongxing Road, Kenli District, Dongying City, Shandong Province. The project construction period is 12 months.

According to the company's strategic development needs and to meet the needs of the new energy market, the company's wholly-owned subsidiary invested in the construction of a 12,000 tons/year additive project, which can give full play to the advantages of integrated raw materials, has strong resilience to risks and market competitiveness, and is conducive to the growth of the company's profits.