Yongxing Special Materials Technology Co Ltd. Stock Analysis 002756.SZ

Yongxing Special Materials Technology Co., Ltd engages in the stainless steel and lithium battery new energy business. The company is headquartered in Huzhou, Zhejiang and currently employs 2,405 full-time employees. The company went IPO on 2015-05-15. The firm operates two segments. The Stainless Steel segment is engaged in the production of stainless steel bars and wire rods, as well as special alloy materials, mainly using stainless steel scrap as the main raw material. The products are mainly used in industrial fields such as oil and gas extraction and refining, power equipment manufacturing, transportation equipment manufacturing, implantable and medical devices, as well as other machinery and equipment manufacturing. The New Energy segment is engaged in the production of battery-grade lithium carbonate through an integrated process of mining, beneficiation and smelting, mainly using lithium spodumene from its own mines as the main raw material. The products are mainly used in lithium-ion battery cathode materials and electrolyte materials.