Evergreen New Energy last year expected eight million behind Shanshan to bet on lithium battery replacement sideline

Evergreen New Energy last year expected eight million behind Shanshan to bet on lithium battery replacement sideline
Shanshan ‘s latest announcement stated that in anticipation of daily business operations, its holding subsidiary, Hunan Shanshan Energy Technology Co., Ltd. (hereinafter referred to as “Shanshan Energy”) plans to submit to Fujian Changqing, a related party, by April 30, 2020.Energy Technology Co., Ltd. (hereinafter referred to as “Changqing New Energy”) purchases raw materials for lithium batteries, and the transaction value is expected to be less than 200 million.Evergreen New Energy was established in 2018. It is mainly engaged in the resource utilization of waste lithium batteries and the R & D, production, sales and import and export trade of lithium ternary precursors. The shareholders are Shanshan Energy, Geely Group Co., Ltd. and Zijin Mining Group.Co., Ltd.According to the announcement, Evergreen New Energy achieved operating income of 3082 in 2019.850,000 yuan, net profit -795.580,000 yuan.In 2019, Shanshan Energy purchased 2945 from Evergreen New Energy.920,000 yuan.The related party transaction volume increased significantly, according to Shanshan’s announcement, due to the evergreen new energy production capacity improvement.Shanshan Co., Ltd. was the first domestic apparel company to transform and transform new energy and frequently bet on lithium batteries.Since the sale of Shanshan Commercial Group Co., Ltd. to Vipshop in July last year, Shanshan shares again transferred the Shanshan brand of the apparel business management platform 48 in February this year.1% equity.Shanshan shares said that the recent equity transfer is in line with the company’s development strategy focusing on the core business of lithium battery materials.Shanshan’s democratically announced 2019 performance pre-announcement shows that the company’s performance is expected to decrease by 74% to 79%.In addition to the proceeds from selling shares of Bank of Ningbo no longer counted as “investment income,” Shanshan shares said the company’s gradual decline in the business performance of lithium battery materials also has an impact.It is planned to purchase raw materials for lithium batteries within US $ 200 million, and the increase in transaction volume is due to the expansion of Evergreen New Energy’s Shanshan Shares. According to the announcement in 2019, after the actual business development, Shanshan Energy did not sell to Evergreen New Energy.The amount was 2945.920,000 yuan.According to the increase in the estimated transaction amount compared with the actual amount estimated in the previous purchase, Shanshan said that it was mainly due to the increase in the production capacity of Evergreen New Energy and the corresponding increase in the scale of purchases.Shanshan Shares stated that Shanshan Energy purchased the related products from the related parties for the normal needs of the daily production and operation activities of the company’s lithium battery material business. The purchase price was determined according to the conditions of similar transactions of non-related parties.The interests of the company; the company’s main business, revenue or profit sources are not heavily dependent on such connected transactions.Evergreen New Energy is a Shanshan joint stock company, Shanshan Energy Holdings’ subsidiary Shanshan Energy holds 30% of the shares, and Evergreen New Energy’s alternative replacement shareholders are Geely Group Co., Ltd. holding 40% and Zijin Mining holding 30%.Group Co., Ltd.Evergreen New Energy was established in October 2018 with a registered capital of 200 million yuan.The official website shows that Evergreen New Energy’s main business is the utilization of waste lithium batteries and the R & D, production, sales and import and export trade of lithium battery ternary precursors, which will make full use of the advantages of each shareholder to create an ecological closed-loop industry of lithium battery resources.chain.According to the financial data disclosed in the announcement, Fujian Changqing New Energy’s total assets at the end of 20193.1.2 billion yuan, net assets 9041.080 thousand yuan; 3082 operating income in 2019.850,000 yuan, net profit -795.580,000 yuan.According to Changqing New Energy’s official website news, Shi Xiaodong, the company’s general manager, said in an interview with the media last July that the reason why Changqing New Energy was settled in Shanghang County, Longyan, Fujian was due to the crossover of the new energy electric vehicle basic material industry chain involvedZijin Mining has resources in this regard, and the two parties have chosen to join forces.According to reports, the total investment of Evergreen New Energy’s five-year plan is 65.USD 8.9 billion, with a planned land area of 1,150 mu, to build 15 target / year waste lithium battery resource utilization and 10 target / year ternary precursor production lines, divided into three phases.One of the first phase project investment 11.USD 800 million, 200 acres of land, construction of a 1 ton / year waste lithium battery resource utilization production line and a 2 ton / year ternary precursor production line, which was completed and put into production on December 29, 2019.The announcement of the 2019 annual performance pre-decrease announcement of the first apparel transformation new energy Shanshan shares shows that the company’s performance is expected to be 2.3.9 billion to 2.8.5 billion, an annual decrease of 8.3 billion to 8.76 trillion, a decrease of 74% to 79% a year.Shanshan Co., Ltd. stated that the company’s performance on the pre-decrease in performance showed that the previous company sold its shares in Bank of Ningbo to obtain an investment income of about 8.17 trillion U.S. dollars, the implementation of new financial instrument regulations in the current period, the proceeds of selling Bank of Ningbo shares are no longer counted as “investment income”, or directly transferred to the accumulated surplus attributable to shareholders.In addition, the impact of the main business also led to a pre-decrease in performance.Shanshan Co., Ltd. stated that the price of raw material cobalt upstream in this period of raw materials has changed, and the supplementary slope back has caused downstream OEMs and power battery plants to have stricter cost control, resulting in lower raw material sales prices, which has led to the company’s alternative materials business.Operating performance exceeded expectations.Shanshan was founded in 1989 by Zheng Yonggang in Ningbo, Zhejiang Province, and was once the first apparel company under Shanshan.The original Shanshan Department continued to transform and entered the new energy industry, especially the lithium battery industry. According to the official website, Shanshan has steadily developed from a single clothing business to integrate new energy technology, fashion clothing, medical health, trade logistics, tourism and leisure,Integration of diversified industries including financial investment and other industries.According to reports, new energy lithium battery materials are one of Shanshan’s pillar industries. Shanshan has become the world’s largest integrated supplier of lithium battery materials in the field of cutting-edge lithium-ion batteries, continuous and discharge.In addition, Shanshan entered the field of new energy vehicles and launched the manufacturing and operation of new energy vehicles, energy storage and related industrial chains. It is committed to becoming a leading lithium battery pack, energy storage generator, super capacitor, charging pile, etc.Solution provider.While adding new energy, Shanshan continued to sell other non-core businesses.In July last year, the 100% equity of Shanshan Commercial Group Co., Ltd., the main business operator of Shanshan Department Outlets, was sold to the subsidiary of Vipshop for 2.9 billion yuan.In February of this year, Shanshan Shares once again transferred its equity under the Shanshan Brand Company.According to the announcement, Shanshan Co., Ltd. intends to hold 6416 of Shanshan Brand Operation Co., Ltd. in total.540,000 shares (48% of the total share capital of Shanshan Brand Company)1%) Transferred to Shaanxi Maoye Industry and Trade Co., Ltd., Ningbo Liankangcai Brand Management Co., Ltd., Ningbo Hengtong Trading Co., Ltd. (hereinafter referred to as “Hengtong Trading”), Li Xinghua and Zu Weiwei, the total transaction price is RMB 1.6.8 billion yuan.After the above equity transfer, Shanshan Holdings held 2583 Shanshan Brand Company.460,000 shares, accounting for 19 of its total share capital.37% will no longer control Shanshan Brand Company, and Shanshan Brand Company will no longer re-consolidate the scope of Shanshan Share Consolidated Statement.According to reports, Shanshan Brand’s business mainly involves the design, promotion and sale of men’s business formal wear and business casual wear under the four brands of FIRS, SHANSHAN, MARCO AZZALI and LUBIAM in China.Shanshan Co., Ltd. stated that the transaction was in line with the company’s development strategy focusing on the core business of lithium battery materials.Absolutely, the company has clearly focused on the new energy of lithium battery, with the lithium battery material industry as the core, and further expand, strengthen and develop the development strategy of the refined lithium battery material business.The sale and operation of the company is relatively independent, and the share of Shanshan brand company (which is the main operation and management platform of the company’s apparel business) has a relatively low performance contribution. It is a further alternative to the company’s development strategy and is conducive to the company’s focus on the core business operation and developmentIn order to achieve the optimal allocation of resources and continuous optimization of business structure, and to enhance the company’s core competitiveness, it is in the interests of the company and all shareholders.Sauna, Ye Wang Zhu Yueyi Editor Zhao Ze proofreading Chen Diyan