Bank Of China Cashmere (000982): Reply To The Concern Letter Of Shenzhen Stock Exchange
Bank of China cashmere industry (000982) replied to the concern letter of Shenzhen Stock Exchange: in order to realize the strategic development direction of "Cashmere business + industrial investment", the company entered the new energy industry from new energy lithium battery materials in March 2021, and implemented the investment, production and operation of lithium iron phosphate project for new energy lithium battery cathode material and graphitization processing project for negative electrode material, At present, it has an annual production capacity of 4200 tons of lithium iron phosphate, and the production and sales operation is good. The total investment scale of the project with an annual output of 80000 tons of lithium iron phosphate as cathode material for lithium batteries is expected to be 2 billion yuan. The source of funds is the company's own and self raised funds, which is higher than the current book capital level of the company. There is still uncertainty whether the later funds can be put in place on schedule.
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