The company secures another major order for filter presses in the new energy industry.

Following the successful delivery of filter press equipment under a cumulative contract worth RMB 129 million signed with Hunan Yuneng New Energy Battery Material Co., Ltd. (Hunan Yuneng), a leading domestic lithium-ion battery cathode material producer, in 2022, Xingyuan Environmental Equipment Co., Ltd. secured another contract valued at RMB 80.48 million with Guizhou Yuneng New Energy Battery Material Co., Ltd. (Guizhou Yuneng), a subsidiary of Hunan Yuneng, in March 2023.

The filter presses supplied under this agreement will be deployed in Guizhou Yuneng's production line for the comprehensive utilization of phosphate ore to annually produce 200,000 tons of lithium iron phosphate (LFP) precursor (ferric phosphate).

Aligning with national policy directives and industry trends, Xingyuan has actively developed and deployed filter press solutions tailored for the new energy sector, earning widespread recognition and praise from numerous industry leaders. The signing of this contract will further strengthen the company's competitive edge in serving the new energy industry, enhance the market position of its filter press products, and contribute to its long-term business growth.