Zhejiang Huayou Cobalt Co., Ltd
603799.SS
Shanghai Stock Exchange46.91
CNY
+0.15
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Zhejiang Huayou Cobalt Co., Ltd
603799.SS
(Shanghai Stock Exchange)
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46.91
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ROIC.AI
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- Business
- Zhejiang Huayou Cobalt Co., Ltd. engages in the research, development, manufacture and sale of lithium battery materials, cobalt materials, nickel products and copper products principally for new energy vehicles, consumer electronics and energy storage applications. Founded in 2002 and headquartered in Tongxiang, Zhejiang Province, China, the company operates a vertically integrated business model encompassing mining, refining, advanced materials production and battery recycling, with key facilities in China including Quzhou, Chengdu, Tianjin and Guangxi; subsidiaries and joint ventures in the Democratic Republic of Congo for cobalt and copper; Indonesia for nickel via projects such as Huayue, Huafei and Huake HPAL and nickel matte operations; Zimbabwe for lithium mining and processing; and expansion sites in South Korea, Hungary and Europe. Core products include ternary precursors such as nickel-cobalt-manganese (NCM) hydroxide; cathode materials encompassing NCM ternary cathodes, high-nickel Ni90-95 variants, medium-nickel high-voltage types, lithium cobaltate and sodium battery precursors; cobalt intermediates like cobalt tetroxide, cobalt sulfate, cobalt hydroxide and cobalt carbonate; nickel sulfate and nickel intermediates; as well as copper products and recycling services processing up to 65,000 tons of waste batteries annually; the company supplies leading customers including LG Energy Solution, POSCO, Tesla, BYD, Ford, Volkswagen, BMW, Samsung SDI, Panasonic and EVE Energy. Recent developments include achieving record 2024 operating income of RMB60.95 billion and net profit attributable to shareholders of RMB4.15 billion, with ternary cathode shipments exceeding 90,000 tons and nickel intermediates nearing 230,000 tons up 50% year-over-year; advancing the Pomalaa HPAL project with Vale Indonesia and Ford targeting 120,000 tons mixed hydroxide precipitate annually following construction start in early 2024; progressing Sorowako HPAL with Vale at 60,000 tons capacity; launching construction of a 50,000-ton lithium sulfate facility in Zimbabwe integrated with Arcadia lithium mining which shipped 400,000 tons concentrate up 41%; commissioning Indonesia's Huaxiang 50,000-ton nickel sulfate and Huaneng phase I 50,000-ton ternary precursor projects with batch supply in 2024; reaching full target output at South Korea's Gumi 66,000-ton cathode plant with LG and advancing Hungary's phase I 25,000-ton cathode facility; introducing over 30 new precursor and cathode products including semi/all-solid state battery materials and 4.53V high-voltage lithium cobaltate now in mass production; securing national awards for precursor crystallization, solid waste treatment and green nickel smelting technologies; attaining carbon neutrality at Chengdu B&M facility and 40% clean power ratio across the chain; and issuing Global Depositary Receipts on SIX Swiss Exchange alongside A-share listing on Shanghai Stock Exchange under ticker 603799.SS.