Shanshan Group Faces Lithium Battery Raw Materials Excess
Author: Source: Datetime: 2016-11-05 09:56:14
Shanshan Group this year has bid farewell to the clothing business, a LFP battery materials and new energy automotive industry chain for the main business of new energy companies. October 20, Shanshangufen announced that a wholly-owned subsidiary of 132 million yuan in cash to invest in shares of Juhua Kai-blue. According to the price of the capital increase to calculate, the current price of 1% stake in giant Cayman Kedan 2.1657 million yuan, equivalent to the price of listed selling in 2014, 12.2 times. Its equity prices in less than 2 years of time actually increased by as much as 11 times. While the growth rate of the net assets of the giant Kai Lan is far less than its share price growth. For the reasons for the increase, the replenishment of the project to contact Ms. Lee told the media that is not very clear.
According to media reports, the company's capital increase of the shares of the purpose of Giant Cayenne from the raw material supply control point of view to make the investment decisions. In fact, with the gradual expansion of production capacity and the release of new energy vehicles since the second half of 2016, the heat gradually down, the risk of excess capacity has emerged signs. The company also disclosed in the notice related products overcapacity risk: "lithium phosphate lithium phosphate supply and demand will change, then there may be some excess capacity situation." As a company to give up the main transformation of the main industry, the Shanshan Group has been in a bold bet, but the competition has been white-hot auto market, its survival and development are faced with a huge test.
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