China Baoan: Subsidiary company plans to invest 733 million yuan to build a graphite mine project

Recently, the company's subsidiary company Changyuan Mining and Jixi Bei Te Rui formed a consortium to invest in the exploration of prospecting and deep processing integration of graphite mines in Jixi City, Heilongjiang Province, including graphite mining and graphite deep processing integration project investment. 733 million yuan, the project involved in the exploration rights transfer price of 29.98 million yuan.

Changyuan Mining and Jixi Betui invested in the exploration of prospecting and deep processing integration of the graphite mine in Jixi City, Heilongjiang Province, which is beneficial to Shenzhen Beitray New Energy Materials Co., Ltd. (“Betray”) ) Seize a larger market share of graphite anode materials to provide sufficient raw material security, and at the same time, it is beneficial to Betray to better play the advantages of the entire industry chain in the field of natural graphite anode materials, and promote the development and performance improvement of Beitray's overall business. . If the project is successfully implemented and sales are realized, it is expected to have a positive impact on the company's future financial status and operating results.

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