Shandong Haihua plans to acquire a 29% stake in Zhongyan Alkali Industry for 2.32 billion yuan to participate in the development of natural soda resources
SDHH plans to increase its capital by 2.32 billion yuan to acquire a 29% equity stake in Zhongyan Alkali Industry and participate in the development of natural soda resources. The company has signed a cooperation investment framework agreement with Zhongyan Alkali Industry and related parties. Zhongyan Alkali Industry has not yet commenced operations and is conducting a feasibility study for natural soda mining rights, with expectations to obtain mining rights by 2025. The total investment for the project is approximately 26.1 billion yuan, aiming to create new profit growth points to offset the decline in profitability of existing products
According to the announcement from Shandong Haihua (000822.SZ), the company plans to participate in the capital increase of Zhongyan (Inner Mongolia) Soda Industry Co., Ltd. (referred to as "Zhongyan Soda Industry") using its own funds through a capital increase and listing removal method. The company has reached a cooperation intention with Zhongyan Soda Industry, Zhongyan Chemical, and Inner Mongolia Mengyan Salt Industry Group Co., Ltd. (referred to as "Mengyan Group") and signed a cooperation investment framework agreement. According to the agreement, the company intends to acquire 29% of the equity of Zhongyan Soda Industry through a capital increase and listing removal method, with a total investment of 2.32 billion yuan.
The announcement shows that Zhongyan Soda Industry has not yet actually commenced business activities since its establishment, focusing on conducting feasibility studies and other related work to obtain natural soda mining rights. On June 16, 2025, it successfully obtained the natural soda mining rights in the Daqintala area of Naiman Banner, Tongliao City, Inner Mongolia Autonomous Region. On July 9, Zhongyan Soda Industry signed the "Mining Rights Transfer Contract" with the Tongliao Natural Resources Bureau, acquiring the natural soda mining rights for 6.80866 billion yuan.
Currently, the natural soda mine project has not yet begun construction. According to the pre-feasibility study report prepared by China National Petroleum Corporation Liaohe Engineering Co., Ltd., the project plans to deploy a total of 730 wells, with an initial deployment of 75 horizontal well groups (75 horizontal wells + 150 vertical wells). Drilling is scheduled for 2026-2027, and the project aims to achieve a pure soda production capacity of 5 million tons over two years from 2027 to 2028. In the later stage, a total of 121 well groups will be deployed, with 142 side-drilled wells returning from each mining section to maintain a production capacity of 5 million tons. Surface engineering includes the construction of a 5 million tons/year natural soda processing plant and supporting public works, as well as new office and living areas, and the construction of brine collection pipelines, water supply pipelines, and power supply lines, among others. The total investment for the project is expected to be approximately 26.1 billion yuan, with the registered capital of the target company being 8 billion yuan, and the remaining 18.1 billion yuan to be raised by the target company through bank project loans.
The announcement states that the company's participation in the development of natural soda resources can provide stable investment returns, create new profit growth points, effectively compensate for the decline in profitability of existing products, and contribute to the sustainable development of the enterprise
