Zhaoxin Shares intended to acquire Yancheng Xingchuang and Hengchuang Rui Rui layout dynamic lithium battery recycling industry

　　Author ：Iflowpower – Portable Power Station Supplier

On March 1, Zhaoxin Shares announced that the total share of Yancheng Xingcheng Resource Circular Utilization Co., Ltd. (Yancheng Star Children) and Shenzhen Hengchuang Ruixong Environmental Protection Technology Co.

, Ltd. (Zhutong Rui). Both companies belong to the circular utilization industry of new energy electric vehicle power lithium batteries.

Notice showed that Yancheng Xingjian is an important part of the secondary resource circulation utilization technology of lithium-ion batteries, recycling, storage and comprehensive recycling, important business is the production and sales of lithium-ion batteries such as sulfate and tetrafial cobalt. Production and sales. Hengchuang Rui can be engaged in the circular utilization of new energy electric vehicle power lithium batteries.

It is understood that Zhaoxin Shares originally engaged in the production and sales of fine chemical aerosol production, starting to transform from 2014, continuing in the new energy sector, in the solar power, new energy vehicle, smart charging station, Wisdom parking and other fields investment. In August 2017, Zhaixin Shares announced the purchase of Ali shares engaged in lithium-ion battery equipment through issuance shares and payment of cash and engaged in lithium-ion battery diaphragm business. But the two acquisitions have failed.

In November 2017, Zhaoxin Shares had spent 325 million yuan to increase capital of Jintai Potash and Shanghai Zhongzhong. Both companies are engaged in battery-grade carbonate services. Zhaoxin Shares 2017 annual income of 654 million yuan, up 2.

83% from the same period of the previous year; net profit of 154 million yuan, increased by 32.58% from the same period last year. .