Chengxin Lithium Group Co Ltd. Stock Analysis 002240.SZ

Chengxin Lithium Group Co., Ltd. engages in the production, and sale of lithium battery materials. The company is headquartered in Shenzhen, Guangdong and currently employs 4,741 full-time employees. The company went IPO on 2008-05-23. The Company’s main products are medium (high) density fiberboards, reinforced wood floorings, melamine decorative laminates, cement templates and other forest products. Its medium (high) density fiberboards are used in office, furniture, sound boxes, reinforced wood floorings, outdoor and indoor decoration, fan blades, computer room antistatic floorings, weatherboards, security doors and wall boards, among others. The firm is also engaged in manufacture and sales of rare earth and lithium salt products. The firm mainly operates its business in domestic markets. On September 13, 2013, the Company announced that it has transferred a 90% stake in a Zengcheng-based subsidiary.