New stock news: Chengxin Lithium Group (002240.SZ) plans to list in Hong Kong to further advance its globalization strategy.

Recently, A-share listed company Chengxin Lithium Group (002240.SZ) announced that the board of directors has approved the issuance of overseas-listed foreign capital stock (H shares) and has applied for listing on the main board of the Hong Kong Stock Exchange. This is to further promote globalization strategy, expand international financing channels, and enhance international brand image and overall competitiveness. Chengxin Lithium Group's main business is the production and sale of lithium ore mining, basic lithium salts, and metallic lithium products. Its main products include lithium concentrates, lithium carbonate, lithium hydroxide, lithium chloride, and metallic lithium. The company has completed lithium salt production capacity of 137,000 tons and metallic lithium production capacity of 500 tons in Deyang, Sichuan, Suining, Sichuan, and Indonesia. The company's lithium salt production capacity ranks among the top in the world, striving to become a leading global enterprise in lithium battery new energy materials. According to Chengxin Lithium Group's financial forecast for the first half of the year, it is expected that the net profit attributable to shareholders of the listed company will be a loss of 130 million to 190 million yuan in the first half of 2024, compared to a profit in the same period last year. Chengxin Lithium Group stated that the main reason for the performance change is the significant decrease in lithium salt prices compared to the same period last year, which has impacted the company's profit in the first half of the year due to the market environment in the lithium battery new energy industry.