Sichuan Development Longmang invests in lithium dihydrogen phosphate project

Sichuan Development Longmang Co., Ltd. announced an investment of CNY 366 million by its wholly-owned subsidiary, Deyang Chuanfa Longmang New Materials Co., Ltd., to construct a 100,000 tons/year lithium dihydrogen phosphate project. This strategic move, approved by the board on October 23, 2025, aims to strengthen the company's new energy materials business and integrate phosphating with new energy materials production. The project is expected to be completed within 12 months of obtaining the construction permit.

This investment aligns with the company's long-term development strategy. The company acknowledges potential risks from macroeconomic conditions, market environment, and industry competition, pledging to disclose information promptly as the project progresses.

The company's third-quarter report for 2025, also released on October 23, 2025, shows total assets of CNY 21.88 bn at the end of the reporting period, an increase of 19.14% from the previous year. Operating income for the first nine months of 2025 reached CNY 7.39 bn, with a net profit attributable to shareholders of CNY 436.81 m.