Hubei Huitian New Materials (300041.SZ) subsidiary plans to invest 97.68 million yuan to build a lithium battery negative electrode adhesive project.

Hubei Huitian New Materials (300041.SZ) announced that, based on the rapid growth in the market demand for the lithium battery industry, in order to seize the opportunity of domestic substitution, further enhance the market share and core competitiveness in the field of lithium battery anode adhesive, the company's holding subsidiary, Anqing Hualan Technology Co., Ltd. (referred to as "Anqing Hualan"), plans to invest approximately 97.68 million yuan in self-raised funds to build a new project for the production of butadiene emulsion adhesive for lithium battery anodes, increasing the production capacity of butadiene emulsion adhesive (SBR) for lithium battery anodes by approximately 50,000 tons per year. The global energy structure transformation is driving the continuous high-speed development of the lithium battery industry, and the demand for anode bonding agents as key auxiliary materials is strong. Butadiene latex has become the mainstream anode bonding agent due to its excellent performance, with low domestic production rate and ample room for import substitution. The company already has the research and production capacity of multiple series of SBR products, with technical indicators reaching international standards, and has entered the supply chain of multiple leading battery companies, with current production capacity of approximately 8,000 tons per year. Based on future market trends and production capacity demand forecasts, the company has decided to build this project in order to ensure future responsiveness to customer demand and market expansion, further enhance the company's market share and competitive advantage in lithium battery anode adhesive. This project construction is in line with the development trend of the adhesive industry in China and the company's development strategy, beneficial for further optimizing the company's product structure and production capacity layout, consolidating the company's industry position, and assisting the company in achieving high-quality development.