Jiuling Lithium's IPO on the Shanghai Stock Exchange "terminated". Its core products include battery-grade and industrial-grade lithium carbonate.

On April 8, Jiangxi Jiuling Lithium Co., Ltd. (referred to as Jiuling Lithium) changed its IPO review status on the Shanghai Stock Exchange main board to "terminated." This was due to Jiuling Lithium and its sponsor withdrawing their application for listing. According to the relevant provisions of the "Shanghai Stock Exchange Stock Issuance and Listing Review Rules" Article 63, the Shanghai Stock Exchange terminated its IPO review. The prospectus shows that Jiuling Lithium mainly engages in the research, production, and sale of lithium salt products, forming a vertically integrated industry chain from lithium ore mining, ore beneficiation and comprehensive utilization, to lithium salt extraction and processing. The company's core products are battery-grade lithium carbonate and industrial-grade lithium carbonate. Lithium carbonate, as a core raw material for lithium-ion batteries in positive electrodes, electrolytes, etc., is mainly used in lithium-ion battery products such as new energy vehicle power batteries, energy storage batteries, consumer batteries, and is also widely used in industries such as medicine, glass, ceramics, and new engineering materials. According to statistics from the Lithium Industry Branch of the China Nonferrous Metals Industry Association, the production of lithium carbonate in China during the reporting period was 395,000 tons, 517,900 tons, and 701,000 tons respectively. The company's production of lithium carbonate products was 15,500 tons, 20,400 tons, and 44,700 tons respectively, accounting for 3.92%, 3.94%, and 6.38% respectively. From the perspective of the lithium battery industry chain, the company has gained widespread recognition from customers in the lithium battery industry. Its main customers include Contemporary Amperex Technology, BYD Company Limited, Hunan Yuneng New Energy Battery Material, Rongtong Gaoke, and other well-known enterprises in the lithium battery industry. Its products have entered the supply chain systems of global major lithium battery and new energy vehicle manufacturers such as Contemporary Amperex Technology, BYD Company Limited, Tesla, and SAIC Motor Corporation. The company's business covers the entire industry chain of lithium salt production, including mining, ore beneficiation, lithium extraction, and deep processing. It has formed a mature business model that is in line with industry characteristics, using its own mines as the main source of raw materials, supplemented by external procurement of some lithium-containing raw materials and other additives, and utilizing independently developed ore beneficiation and lithium extraction technologies to arrange production activities according to market demand. The funds raised this time will be invested in projects related to the main business. After deducting issuance expenses, the raised funds will be invested in the following projects: Financially, in the fiscal year 2022, 2023, and 2024, the company's operating income is expected to be approximately RMB 5.917 billion, 3.537 billion, and 4.38 billion respectively. Meanwhile, the net profit is expected to be approximately RMB 3.367 billion, 1.332 billion, and 1.171 billion respectively.