Fengshan Group (603810.SH) issued an announcement. The closing price increase deviation value of the company's stock for two consecutive trading days...
Zhitong Finance App News, Fengshan Group (603810.SH) issued an announcement. The cumulative deviation value of the closing price increase of the company's shares exceeded 20% in two consecutive trading days. According to the relevant provisions of the “Shanghai Stock Exchange Trading Rules”, this is an abnormal fluctuation in stock trading.
In response, the company stated that the company and Nantong Quannuo New Energy Materials Technology Co., Ltd. jointly invested in the establishment of Jiangsu Fengshan Quannuo New Energy Technology Co., Ltd. (“Fengshan Quannuo” for short) with a registered capital of 10 million yuan. Among them, the company pledged an investment of 66 million yuan, accounting for 66% of the registered capital. Fengshan Quannuo is mainly engaged in electrolyte (lithium salt, sodium salt, etc.) R&D, production, sales, and technical services. Currently, electrolyte production and sales are in the initial sales stage. The sales amount accounts for less than 0.5% of the company's revenue, which does not have a significant impact on the current financial situation of the company. The production capacity release depends on changes in electrolyte market demand and the company's business development. In addition, semi-solid battery electrolytes are still in the research and development stage, and whether the subsidiary's operating capacity can achieve the expected results needs to be judged based on market changes, and there is some uncertainty.