Tengyuan cobalt industry today “cloud listing” successfully raised 5.478 billion yuan plus code main industry

2022-05-07 0 By

Abstract:Tengyuan Cobalt planned to raise 2.198 billion yuan in the IPO, and eventually raised 5.478 billion yuan, after deducting the issuing expenses,It will be used for the remote intelligent technology transformation and upgrading of the series of metal products with an annual output of 20,000 tons of cobalt and 10,000 tons of nickel and the supporting production project of raw and auxiliary materials (Phase II) (planned to raise 1.698 billion yuan) and supplement working capital (planned to raise 500 million yuan).On the morning of March 17, Tengyuan Cobalt industry successfully landed on the Gem of Shenzhen Stock Exchange in ganzhou in the form of online live broadcast, the stock code is “301219”, the issue price is 173.98 yuan/share.By the morning close, the company’s shares rose 12.89 percent, with a total market value of 24.737 billion yuan.Data show that Tengyuan cobalt industry is mainly engaged in the research and development, production and sales of cobalt and copper products, and is one of the leading cobalt salt manufacturers in China.The core products of the company are cobalt chloride, cobalt sulfate and other cobalt salts and electrodeposited copper.With good reputation and excellent product quality, the company has established long-term close cooperation with well-known enterprises in the industry represented by the world’s top 500 enterprises, such as Zhongwei Stock, Mokry, Wanbao Mineral, Hexong Technology (Hunan Yacheng), Xiamen Tungsten Industry, Jinchuan Technology, Shanshan Stock, Dangsheng Technology and so on.Tengyuan cobalt industry analysis, at present, China has become the largest production, consumption and export of lithium ion batteries.The current market demand for cobalt is strong, production capacity has become the bottleneck of the company’s development.At the same time, the latest prospectus of Tengyuan Cobalt industry shows that with a large number of applications of lithium batteries, the recycling and utilization of waste lithium batteries has been paid more and more attention by many countries.China’s Ministry of Industry and Information Technology and other departments have specially issued the management measures for the cascade comprehensive utilization of lithium batteries, but the waste lithium batteries after the cascade utilization will eventually be disassembled and recycled as valuable resources.The analysis shows that the average content of lithium ion battery is 12% ~ 18% cobalt, 13% ~ 20% nickel, 2.5% ~ 4.8% Lithium, 8% ~ 10% copper, 4% ~ 8% aluminum, and about 30% shell alloy.Take cobalt as an example, a weight of about 40g battery, containing metal cobalt about 6g (about 15%), according to the annual scrap 100 million, of which can be recycled about 600 tons of cobalt, cobalt content in waste lithium ion battery is higher than cobalt concentrate content.It can be seen that the green separation and recycling of waste lithium ion batteries can effectively alleviate the shortage of non-ferrous metal resources in China.Tengyuan Cobalt Industry this IPO project tengyuan Cobalt industry planned to raise 2.198 billion yuan, finally raised 5.478 billion yuan, after deducting the issuing expenses,It will be used for the remote intelligent technology transformation and upgrading of the series of metal products with an annual output of 20,000 tons of cobalt and 10,000 tons of nickel and the supporting production project of raw and auxiliary materials (Phase II) (planned to raise 1.698 billion yuan) and supplement working capital (planned to raise 500 million yuan).Specific view, teng far cobalt industry with annual capacity of 10000 tons for 20000 tonnes of cobalt, nickel metal products long-distance intelligent technology to upgrade and raw and auxiliary materials supporting project for the new project, to cobalt intermediates, intermediates cobalt, manganese, nickel, lithium battery waste as raw material, adopting leaching extraction + electric product + + extraction crystallization precipitation + calcining process of cobalt series products,Annual output of cobalt series products 20,000 tons (cobalt metal).In order to meet the requirements of environmental protection, the existing enterprises need to relocate and build in two phases.Among them, the construction funds of the first phase of the project come from the government relocation compensation, and the second phase of the project is invested with the funds raised by the public stock issue.The first phase of the project of intelligent technology upgrading and supporting production of raw and auxiliary materials for the series of metal products with an annual output of 20,000 tons of cobalt and 10,000 tons of nickel is the relocation and renovation of the existing factory capacity.The second phase of the project is expansion, that is, on the basis of relocation and transformation, increase production capacity and product types.After the completion of the project, the first phase will produce 6,500 tons of cobalt, including cobalt sulfate, cobalt chloride and electrodeposited copper, and the second phase will produce 13,500 tons of cobalt and 10,000 tons of nickel, including electrodeposited cobalt, nickel sulfate, manganese sulfate, lithium carbonate and ternary precursors.In order to realize self-production of sulfuric acid and SO2, the second phase of the project has built a set of sulfuric acid production plant with an annual output of 320,000 tons of 98% sulfuric acid and 600 tons of liquid SO26, and recovery of waste heat from acid production and power generation.Tengyuan Cobalt industry said that the fund raised investment project around the company’s main business, the project reached, will effectively improve the company’s production capacity, further expand the company’s business scale;The construction of ternary precursor production line will realize the recycling of lithium battery waste, further enrich the company’s products, extend the company’s industrial chain, and reduce the company’s business risk;The application of sulfur-producing acid device will further reduce the cost of raw and auxiliary materials and enhance the comprehensive competitiveness of the company.At the same time, Tengyuan cobalt industry will take this public offering and listing as an opportunity, timely and reasonable with the help of the platform of the capital market, in the next five years to form cobalt salt, cobalt oxide, metal cobalt, copper, ternary material precursor and other varieties of production capacity, to better make the enterprise bigger and stronger, do both scale and benefit,It is committed to becoming a leading company in the global cobalt industry with resource saving and environmental friendliness.In terms of performance, Tengyuan Co achieved operating revenue of 4.158 billion yuan in 2021, an increase of 132.66% over the same period last year;Net profit was 1.144 billion yuan, an increase of 122.91% compared with the same period of last year, mainly due to the sales price and quantity of cobalt products and copper products increased compared with the same period of last year, resulting in a large increase in gross profit.According to the overall development strategy of Tengyuan Cobalt Industry, in addition to this fundraising project to expand cobalt production capacity, the company plans to use self-raised funds to continue to expand the construction of cobalt and copper wet smelter in Congo (DRC), improve copper production capacity while obtaining more associated cobalt resources, and open up the upstream industry.The factory plans to adopt the production process of “sulfuric acid leaching copper + copper extraction electrodeposition + optimized leaching cobalt iron removal + sulfide precipitation cobalt” and the process of producing acid from sulfur and roasting sulfide ore.After the completion of the project, Congo Tengyuan’s annual production capacity will increase by 40,000 tons.The new capacity will meet the needs of current and future customers, while enriching the company’s existing business structure.In addition, it is worth noting that Tengyuan Cobalt issued A total of 31.4869 million ordinary shares (A shares), and the number of strategic placements accounted for 19.17% of the number of this issue, up to 6.0352 million shares.To be involved in the six strategic placement of objects, and teng far cobalt industry business strategic partnership vision or long-term cooperation of large enterprise or its affiliated companies including: China north industries Co., Ltd., wanxiang 123 joint-stock company, Shanghai automotive group Co., Ltd., wei new material Co., Ltd., and overall Ganfeng Lithium Co., Ltd.With teng far cobalt industry business strategic partnership or long-term vision cooperation enterprises participate in the situation of the strategic allotment of teng far cobalt industry strategic allotment, the wei co, said teng far cobalt industry as an important supplier of the company, to get on the close cooperation relationship for many years, has given the position of the both sides in the respective industries and future prospect of business cooperation,This participation in the strategic placement of Tengyuan Cobalt will help both parties give full play to their respective advantages in resources, capital, technology and other areas, give full play to the synergistic effect of their businesses, and carry out in-depth cooperation in the field of cobalt raw material supply.On February 16, Zhongwei Also signed a Strategic Cooperation Memorandum with Tengyuan Cobalt Industry. From 2022 to 2025, the two sides expect the total supply and demand of cobalt salt to be 100,000-200,000 physical tons, with an annual average of 25,000-50,000 physical tons.