On December 11, Hunan Yueneng's application for a non-public issuance of shares to specific targets was approved by the Shenzhen Stock Exchange (SZSE). The company plans to raise RMB 4.788 billion to fund new energy battery material projects, including the expansion of lithium iron phosphate production.
According to the previous announcement, the private placement aims to raise RMB 4.788 billion, which will primarily be used for a 320,000-ton-per-year lithium manganese iron phosphate project, a 75,000-ton-per-year ultra-long cycle lithium iron phosphate project, a 100,000-ton-per-year iron phosphate project, and to supplement working capital.
By implementing these fundraising projects, the company's supply capacity for new products such as ultra-high energy density lithium iron phosphate, ultra-long cycle lithium iron phosphate, and lithium manganese iron phosphate will be significantly enhanced, helping to meet rapidly growing and differentiated market demands.
Hunan Yueneng is a major domestic supplier of lithium-ion battery cathode materials. Its main products include lithium-ion battery cathode materials such as lithium iron phosphate, which are applied in new energy vehicles, energy storage, and other fields.
In the first half of 2025, Hunan Yueneng achieved operating revenue of RMB 14.358 billion, a year-on-year increase of 33.17%. During the reporting period, the shipment volume of phosphate-based cathode materials reached 480,800 tons, an increase of 55.38% year-on-year.
Source：EnergyTrend