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Guangdong Fangyuan New Materials Group Co., Ltd.'s (SHSE:688148) 25% Dip In Price Shows Sentiment Is Matching Revenues
Fangyuan Co., Ltd. (688148.SH): Can produce high nickel ternary materials for Solid State Battery, and has currently reached a ton-level shipping volume.
On December 23, 2023, Gelonghui announced that Fangyuan Co., Ltd. (688148.SH) stated on an interactive platform that the company can produce high nickel ternary materials for Solid State Battery applications, and has already achieved a shipment volume at the ton level. The company's Cathode Material can be applied in the fields of New energy Fund power batteries, electric tools, energy storage devices, and electronic products. In response to the adverse impacts brought by changes in the Industry and market, the company has actively increased the production and sales volume of intermediate products such as nickel-cobalt salt and lithium carbonate this year, and has seen results. In the future, the company will continue to strengthen the production, supply, and sales construction of various products, improving capacity utilization and its own profitability.
Fangyuan Shares (688148.SH): repurchased 2.6% of the shares.
Grain Hui December 2nd, Fangyuan Shares (688148.SH) announced that as of November 30, 2024, the company repurchased a total of 13,275,500 shares of the company through the Shanghai Stock Exchange trading system through centralized bidding trading, accounting for 2.60% of the company's total share capital of 510,173,053 shares. The highest price of the repurchase transaction was 5.46 yuan/share, the lowest price was 3.85 yuan/share, and the total amount paid was RMB 59.99 million (excluding stamp duty, trading commission and other trading fees).
Fangyuan Co., Ltd. (688148.SH): The price for this inquiry transfer is 4.63 yuan/share.
On November 27, Gronhui announced that Fangyuan Co., Ltd. (688148.SH) has preliminarily determined the transfer price to be 4.63 yuan/share after inquiring institutional investors, which is 81.51% of the closing price of 5.68 yuan/share on the pricing date for the inquiry transfer (i.e., November 27, 2024). A total of 7 institutional investors participated in the inquiry transfer quote, covering professional institutional investors such as fund management companies, qualified overseas investors, and private fund managers. The shares intended for this inquiry transfer have been fully subscribed, with the preliminary confirmed transferees being 7 institutional investors, aiming to transfer a total of 1 share.
Fangyuan Co., Ltd. (688148.SH): Currently, the company's lithium carbonate production capacity is still in the ramp-up stage.
On November 21, Gelonghui reported that Fangyuan Co., Ltd. (688148.SH) stated on the interactive platform that, leveraging the company's advantages in wet process technology, it has already established mature technology in lithium recovery, achieving a high recovery rate and high product purity, while the lithium extraction costs are relatively low, theoretically reaching a considerably high level of gross margin. However, the company's lithium carbonate production capacity is still in the ramp-up phase, and due to substantial fixed expenses such as depreciation of production line fixed assets, labor costs, and amortization expenses, the gross margin level may experience fluctuations.
Fangyuan Corporation (688148.SH): Subsidiary signed the Annual Lithium Carbonate Supply Contract and the Annual Global Strategy Cooperation Agreement.
On November 19, Gelonghui reported that Fangyuan Co., Ltd. (688148.SH) announced that its wholly-owned subsidiary, Fangyuan Recycling, has signed a "Lithium Carbonate Annual Supply Contract" with Zhongtuo New Energy, stipulating that Fangyuan Recycling will provide no less than 0.01 million tons of battery-grade lithium carbonate to Zhongtuo New Energy, with the contract performance period from January 1, 2025, to December 31, 2025. At the same time, Fangyuan Recycling signed an "Annual Strategic Cooperation Agreement" with Xiangyu New Energy, stipulating that Fangyuan Recycling will provide 0.015 million tons (fluctuating up or down by 10%) of battery-grade lithium carbonate to Xiangyu New Energy, and Xiangyu New Energy will provide Fangyuan Recycling with including but...