Anada intends to increase its capital holding subsidiary plus-code battery-grade iron phosphate production capacity.

On the evening of July 30, Anada (002136) announced that it intends to increase the capital of 77 million yuan to the holding subsidiary of Copper Ling Nayuan Materials Technology Co., Ltd. (hereinafter referred to as The Copper Ling Nayuan) for the construction of 50kt/a (i.e., 50,000 tons/year) battery-grade iron phosphate project sized with Sinosteel Tianyuan (002057) and Maanshan Nayuan Technology Services Partnership (General Partnership) in proportion to its shareholding.
, Anada holds 70% of the shares of Copper Ling Nayuan, the capital increase amounted to 53.9 million yuan.
iron phosphate is the main raw material of lithium phosphate, a positive material of new energy batteries.
Copper Ling Nayuan as an Anada's subsidiary specializing in iron phosphate production, benefit from the development of the new energy vehicle industry, production and sales continued to improve, good performance.
Anada said the project will continue to maintain the technical and market advantages of iron phosphate production, help to further expand market share, scale and profitability.
it is understood that the capital increase will be in place in two phases, the first phase of the capital increase of 35 million yuan, the second phase of the capital increase of 42 million yuan.
the capital increase is completed, the registered capital of copper ling nayuan will be increased from 42 million yuan to 119 million yuan, the proportion of shareholders' shareholding will remain unchanged, and The proportion of Anada's capital contribution will remain at 70%.
this capital increase is mainly used for capacity expansion, the use of existing equipment, equipment and sites, the existing production equipment in two phases to 50kt/a battery-grade nano-phosphate iron production equipment, construction period of 6 months.
, the project is estimated to have an estimated annual operating income of about 366 million yuan, a total annual profit of 51.04 million yuan, and an internal return on financial income tax after the project income tax is 47.15 percent.
2019, the revenue of the copper lingna source is about 80 million yuan, the project will be magnified by more than 3 times the post-partum revenue.
According to Anada recently released the half-year results forecast, it is expected that the half-year net profit will be 358.648 million yuan to 38.4266 million yuan, a year-on-year increase of 40% to 50%.
in addition to benefiting from the increase in titanium margin margin, iron phosphate production and sales, profits have increased significantly year-on-year, is also an important reason.
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