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Company Column

• Shanghai Tinci Advanced research Materials Technology Co., Ltd. was established on March 4. The company is wholly owned by Tianci Materials.

• Fujian San gang fu duo bang technology co., ltd and Qingliu county Jiulong Hu mining co., ltd signed a 36.3% equity transfer agreement for Qingliu jinpeng mining industry co., ltd on March 5.

• Henan Jinhai New Material Co., Ltd. and Shanghai institute of Organic Chemistry,Chinese Academy of Sciences Fluorosilicon New Materials academy, held a signing and unveiling ceremony on March 9.

• 3M, on March 8, announced that its board of directors has approved plans to spin off its healthcare business, which will be renamed Solventum Corporation. The company will spin off from 3M on April 1, 2024, and has applied to list on the New York Stock Exchange.

• Tinci Materials Technology Co., Ltd., Do Fluoride Chemicals Co., Ltd., Tonze New Energy Technology Co., Ltd., daily limit up, Jiangsu HSC New Energy Materials Co., Ltd., Zhejiang Yongtai Technology Co., Ltd., Shinghawa Advanced Materials Group Co., Ltd., Shenzhen Light Alloys Materials Co., Ltd., Lecron Industrial Development Group Co., Ltd., up more than 5%, 3 On the 11th of the month, the lithium battery sector surged across the board, and some stocks in the fluorine chemical industry sector also continued to rise.  

• Lee&Man Chemical Company Limited released its 2023 performance report on March 8th. In 2023, Lee&Man Chemical Company Limited's total revenue was 3.724 billion RMB, a year-on-year decrease of 31.0%. The annual profit was 370 million RMB, a significant year-on-year decrease of 65.3%. Among them, the gross profit margin of the chemical business decreased by 13.1 percentage points year-on-year to 26.0%, and the net profit margin also decreased by 9.8 percentage points year-on-year to 9.9%.

• Dongyue Group Limited issued a profit warning on March 12, stating that based on an initial review of the unaudited comprehensive management accounts and existing information at the end of 2023, the net profit attributable to the company's owners has decreased. 

• Syensqo's full-year net sales were 53.5 billion RMB, and its basic net profit was 5.92 billion RMB.

• Tinci Materials Technology Co., Ltd. announced on March 8 that it plans to suspend production and maintenance of its 30000 ton/year liquid lithium hexafluorophosphate production line starting from March 11, 2024, with an estimated maintenance time of no more than 30 days.

• Hunan Youse Chenzhou Fluorine Chemical Co., Ltd.,The multi-functional laboratory project of the Hunan Province Associated Fluorite Comprehensive Recycling and Utilization Fluorine Chemical Engineering Technology Center, a provincial-level engineering technology center, has officially started construction and is scheduled to be completed by the end of June 2024.

• On March 12th, Shandong HUIMENG BIO-TECH Co., Ltd. announced the environmental impact assessment documents for the annual production of 2000 tons of 2-hydroxy-6-trifluoromethylpyridine and 1000 tons of 2-chloro-3-trifluoromethylpyridine. The company plans to invest 45 million RMB to utilize the existing DCTF workshop in the factory area for construction.

• The Chemours 3F Fluorochemicals (Changshu) Co, Ltd.， It is expected to construct an annual production of 23000 tons of HFO refrigerant technology renovation project based on the existing equipment in the factory, with a planned investment of 12.5 million RMB.

• Inner Mongolia Yonghe Fluorochemical Co., Ltd.， A patent disclosure: A method for synthesizing perfluorohexane from hexafluoropropylene, publication number CN117623892A.

• The ETFE and peroxide vulcanized medium resistant perfluoroether rubber for building membranes developed by Zhejiang Jusheng Fluorochemical Co., Ltd. have successfully passed the expert review of provincial industrial new products.

• Shanghai Institute of Ceramics,Chinese Academy of Sciences， A proton type electrolyte based on strong solvation weakening strategy has been proposed for the first time, and a large-sized soft pack type fluoride ion battery has been developed from this, which is expected to surpass the concept verification stage of fluoride ion batteries.

Policy Column

• On March 12th, the "Catalogue of Safety Production Technology Equipment for Eliminating Backward Hazardous Chemicals (Second Batch)" was issued.

• The State Administration of Coal Mine Safety has issued a notice to carry out a special rectification of safety production in fluorite mines, clearly stating that for areas with prominent problems, "one batch should be closed and withdrawn, one batch should be integrated and reorganized, and one batch should be renovated and improved.".