On May 20, Shenzhen Dynanonic Co., Ltd. announced that it plans to enter into an investment agreement with the People's Government of Luquan Yi and Miao Autonomous County to construct the "Luquan Dynanonic Green Phosphorus-Based New Energy Materials Industrial Chain Integration Project." The project will include a new production line with an annual capacity of 300,000 tonnes of phosphate-based cathode materials and a supporting facility with an annual capacity of 270,000 tonnes of nitric acid, with a total planned investment of Yuan 6.3 billion. The construction period is 24 months, and the funds will be sourced from the company's own reserves and self-raised capital. This investment does not constitute a related-party transaction and is subject to approval by the shareholders' meeting.
Additionally, the company plans to sign an investment agreement with the People's Government of Zhanyi District, Qujing City, to construct the "Dynanonic Lithium Battery New Materials Integration Project" in Qujing High-tech Industrial Development Zone. The project will primarily involve the construction of a production line with an annual capacity of 200,000 tonnes of phosphate-based new materials, with an estimated total investment of approximately Yuan 2.4 billion. The project is scheduled to commence in May 2026, with a construction period of 24 months. This investment does not constitute a related-party transaction or a major asset restructuring, and is not expected to have a significant impact on the company's financial performance in the short term.
Edited by Cassie Li, lixiangying@mysteel.com
