- Business
- Zhejiang Yongtai Technology Co., Ltd. (002326.SZ) manufactures and sells fluorine-containing fine chemicals, primarily serving the pharmaceutical, crop science, and new energy materials sectors in China and internationally. Founded in October 1999 and headquartered in Linhai, Zhejiang province, the company operates production bases across Zhejiang, Jiangsu, Shandong, Fujian, Guangdong, Chongqing, and Inner Mongolia, with research institutes in Taizhou, Hangzhou, Shanghai, and the United States; its main products include fluorinated pharmaceutical intermediates, active pharmaceutical ingredients (APIs), and preparations; fluorinated herbicides, fungicides, insecticides, pesticide intermediates, and formulations; lithium hexafluorophosphate (LiPF6), lithium bis(fluorosulfonyl)imide (LiFSI), vinylene carbonate (VC) electrolyte additives, lithium battery materials, electrolytes, fluorinated polymers, fine chemicals, refrigerants, foaming agents, fire extinguishers, and fluorinated liquid crystal intermediates. Subsidiaries such as Zhejiang Yongtai New Energy Material Co., Ltd., Inner Mongolia Yongtai Chemical Co., Ltd., and Shaowu Yongtai Hi-tech Material Co., Ltd. support its vertically integrated operations in electronic special materials, basic chemical APIs, and advanced fluorine products. In recent developments, the company adjusted its investment plan in October to allocate CNY792.7 million toward new 67,000-ton annual production lines for lithium hexafluorophosphate and lithium bis(fluorosulfonyl)imide solutions in Shaowu, Fujian, targeting surging power battery electrolyte demand; its wholly-owned subsidiary Inner Mongolia Yongtai Chemical completed expert review for a 5,000-ton VC trial production project in November 2025, boosting total VC capacity to 10,000 tons annually; additionally, in 2024, it approved a restricted stock incentive plan, reported steady revenue growth of 11.18%, and narrowed net losses through capacity expansions and cost controls across segments.