002756 Yongxing Special Materials TechnologyWatchlist
About Yongxing Special Materials Technology Company
The company (formerly Yongxing Special Stainless Steel Co., Ltd., Yongxing Materials for short, stock code: 002756) was established in July 2000. The company is located in the South Taihu New District of Huzhou City on the southern shore of Taihu Lake. It currently has nine wholly-owned or holding subsidiaries, including Huzhou Yongxing Special Steel Import and Export Co., Ltd., Huzhou Yongxing Material Recycling Co., Ltd., Huzhou Yongxing Investment Co., Ltd., Yongxing Special Stainless Steel Co., Ltd. American Company, Jiangxi Yongcheng Lithium Technology Co., Ltd., and Huzhou Yongxing New Energy Co., Ltd. The company's lithium carbonate business has built a new energy industry chain covering the three major businesses of mining, mineral processing, and lithium carbonate processing. Using lithium porcelain stone from its own mines as the main raw material, it produces battery-grade lithium carbonate through an integrated process of mining, selection, and metallurgy. The company's special steel new materials business uses stainless steel scrap as the main raw material, and uses a short process process to produce stainless steel bars, wires, and special alloy materials. After downstream processing, the products are widely used in oil and gas extraction and refining, thermal power and nuclear power equipment manufacturing, transportation equipment manufacturing, human implantation and medical devices, artificial intelligence, new energy and other high-end machinery and equipment manufacturing. The main product is battery-grade lithium carbonate. Enterprise Honors: Academician Expert Workstation; Zhejiang Science and Technology Small and Medium Enterprise Certificate; Zhejiang Private Enterprise Science and Technology Innovation Award; 2016 Zhejiang High-tech Top 100 Enterprises; Metallurgical Science and Technology Award Certificate; High-tech Enterprise Certificate (2014), won the National May 1st Labor Award, National Steel Industry Advanced Collective, ranked among the top 500 private enterprises in China's manufacturing industry, leading enterprises in the industrial industry in Zhejiang Province, etc.
Everbright Securities: Prices are close to the bottom, and a rebound in the lithium sector can be expected
The current spot price is close to the bottom range of 80,000 yuan to 100,000 yuan per ton, and a rebound in the lithium ore sector can be expected.
Huaxi Securities: Lithium salt oversupply expectations have reached consensus, lithium salt prices may continue to be sluggish in 2024
It is recommended to focus on companies whose cost curve is in a lower position in the industry and whose supply will continue to increase in the next 2-3 years.
Jiuli Hi-Tech Materials (002318.SZ): Sold a total of 1.35% of Yongxing Materials shares
On December 7, Gelonghui, Jiuli Hi-Tech (002318.SZ) announced that as of December 6, 2023, the implementation period for the company's sale of some shares in Yongxing Materials has expired. The company has sold a total of 7,300,000 shares of Yongxing Materials shares during the above period, accounting for 1.35% of Yongxing Materials' current total share capital, with an average transaction price of 71.08 yuan/share. As of the disclosure date of this announcement, the company still holds 38,570,000 shares of Yongxing Materials, accounting for 7.15% of Yongxing Materials's current total share capital. According to preliminary estimates, 7,300,000 shares of Yongxing Materials were sold.