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Zhongjin Lingnan Accelerates The Layout of New Materials to Create China's First-Class Mining Enterprise

Zhongjin Lingnan's main business is mining, smelting and sales of non-ferrous metals such as lead, zinc, copper and silver. In its non-public offering scheme released earlier, a total of about 658 million yuan, including 460 million yuan of raised funds will be invested in a new materials project. The construction projects include a high-performance composite metal materials project, a high-power mercury-free battery zinc powder and its comprehensive utilization project and a new materials research and development center project. The products can be used in lithium-ion battery, new energy vehicle and other areas.

As an industry development direction supported by the government, new materials are not only the foundation of the upgrading and transformation of traditional industries, but provide important support for the development of strategic emerging industries. The zinc-based new materials and composite metal materials involved in this investment project of Zhongjin Lingnan have a wide range of applications and provide crucial support for new energy batteries, anti-corrosion coatings, energy conservation and environmental protection, and national defense fields. In addition, as an industry development direction supported by the government, they have good application prospects.

It's learned that this new materials investment project will be implemented by Zhongjin Lingnan's subsidiary technology company, which is a leading high-tech enterprise in the new materials field in Shenzhen that specializes in technical development and sales of high energy battery materials, composite metal materials, nano materials, functional materials, rare precious metals and other new materials and new products. With many years' efforts in the new materials field and the professional talent team and technical strength, the technology company, the technology company has grown into the largest world-leading battery zinc powder production and sales enterprise in China as well as one of the makers of national standards for mercury-free battery zinc powder materials. With the technology company's profound industrial foundation in the new metal materials field, Zhongjin Lingnan has the strength and advantages to enter the new materials field.

"The technology company should fully promote the construction of the financing projects, accelerate the acquisition of reserve land, create an innovative industrial park and develop new products such as high-end anti-corrosive coatings and high-performance metal powder materials. In addition, the technology company should accelerate the construction of a new materials research and development center, and strive to promote the research and development and industrialization of new energy and eco-friendly new materials." A director of Zhongjin Lingnan said that the new materials investment project has good profitability prospects and that upon its implementation, the project will further improve the company's profitability and enhance the company's business performance.