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Securities code: 002136 Securities abbreviation: Ananda Announcement No.: 2023-40
Anhui Annada Titanium Co., Ltd.
About holding Sun Company Anxuanda 50,000 tons/year high-performance iron phosphate project
Announcement of completion and commissioning
The company and all members of the board of directors guarantee that the content of the announcement is true, accurate and complete, and there are no false records, misleading statements or major omissions.
The 50,000-ton/year high-performance iron phosphate project implemented by Tongling Anxuanda New Energy Technology Co., Ltd., the subsidiary company of Anhui Anada Titanium Co., Ltd., has completed the main construction of the project and equipment installation and debugging. The trial production plan has been reviewed by experts. Passed and entered the production stage.
1. Basic information of the project
Tongling Anxuanda New Energy Technology Co., Ltd.(hereinafter referred to as "Anxuanda") is a joint venture company jointly invested and established by Tongling Nayuan Materials Technology Co., Ltd.(hereinafter referred to as "Tongling Nayuan"), a holding subsidiary of the company, and Hefei Guoxuan Kehong New Energy Technology Co., Ltd.(hereinafter referred to as "Hefei Guoxuan Kehong"). The registered capital of the joint venture company is RMB 150 million. Both parties contribute in cash, and Tongling Nayuan's contribution is made. 97.5 million yuan, accounting for 65%; Hefei Guoxuan Kehong invested 52.5 million yuan, accounting for 35%, mainly engaged in the research and development, production and sales of iron phosphate. The 18th meeting of the 6th Board of Directors of the Company and the Company 2022 The second extraordinary shareholders 'meeting in 2010 reviewed and approved the "Proposal on Establishing a Joint Venture Company by a Holding Subsidiary and the Joint Venture Company to Build a 50,000-ton/year High-Performance Iron Phosphate Project". For details of the above, please refer to the relevant announcements of Securities Times, China Securities Journal, and Juchao Information Network (www.cninfo.com.cn).
2. The completion and commissioning of the project and its impact on the company's operations
Recently, Anxuanda's 50,000-ton/year high-performance iron phosphate project has been completed and has entered the production stage. The product has been certified and used by customers. It will be further optimized based on the operation of the device to ensure that the device can stabilize and reach production as soon as possible. After the project officially reaches production capacity, it will further increase the company's iron phosphate production capacity, increase the market supply capacity, expand market share, and enhance industry influence and market competitiveness; it will also help fully rely on the company's existing industrial chain to further leverage the advantages of scale and promote the sustainable development of the enterprise. The project was completed and put into operation, increasing the company's total iron phosphate production capacity to 150,000 tons/year.
3. Risk warnings
Given that it still takes some time for the company's projects to go from commissioning to full production capacity and generate economic benefits, it also takes a process to release product production capacity. At the same time, the company may face the impact of unfavorable factors such as changes in the market demand environment, fluctuations in product sales prices and raw material prices, and intensified competition. In the future, there may be insufficient capacity utilization, and there may be differences between profit forecasts and actual future operating conditions, resulting in lower project benefits than expected and other risks.
Investors are advised to make prudent decisions and pay attention to investment risks.
This is hereby announced.
Board of Directors of Anhui Anada Titanium Co., Ltd.
August 26, 2023
