Huayou Cobalt (603799) controlling shareholder pledges 3.5 million shares, accounting for 0.18% of the company's total share capital.

On March 25th, Zhejiang Huayou Cobalt Co., Ltd. announced that it recently received a notification from its controlling shareholder, Huayou Holdings, regarding the pledge of a portion of its shares. This time, 3.5 million shares were pledged, accounting for 0.18% of the company’s total share capital.

According to Wall Street Finance, the company is mainly engaged in the research, development, manufacturing, and sales of new energy lithium battery materials and cobalt new material products. It is a high-tech enterprise with an integrated industrial chain from nickel-cobalt-lithium resource development to lithium battery material manufacturing, dedicated to developing low-carbon and environmentally friendly new energy lithium battery materials.

As a leading enterprise in the new energy lithium battery materials industry, the company has formed an integrated industrial chain that includes nickel-cobalt-lithium resource development, green smelting processing, new energy materials research and manufacturing, and recycling of valuable metals from used batteries. The links in this chain are tightly connected and efficiently coordinated, continuously highlighting the advantages of integrated industrial synergy. Stable resource assurance is the source of the company’s competitiveness. With strong resource development capabilities and an efficient integrated mining and metallurgy operating model, the company enhances its competitiveness from the source, establishing a solid raw material foundation for leading the new energy lithium battery materials industry through low cost, large-scale production, high ESG standards, and stable and reliable resource assurance. The manufacturing capability of precursors and nickel-cobalt-lithium new material products is an important guarantee for the company to maintain its leading position in the industry. The new materials business has become a benchmark in advanced manufacturing, green manufacturing, and leading efficiency in the industry through continuous enhancement of technological innovation, product research and development, intelligent manufacturing capabilities, and cost control levels. The new energy business is the leader of the company’s “industrial integration” and an important force driving the continuous growth of the company’s upstream resources and new materials business. The new energy business relies on upstream resource development and raw material manufacturing, supported by technological innovation, focusing on the mainstream market, achieving full coverage of mainstream products and mainstream customers. Products are already being mass applied in the international high-end brand automotive industry chain and mainstream consumer electronics market. At the same time, the company actively lays out its circular business and has established deep cooperative relationships with several well-known domestic and foreign complete vehicle companies to jointly develop projects for the cascade utilization of power batteries and the recycling of retired batteries, achieving efficient resource recycling. The integrated industrial chain has realized the organic integration of resource elements between upstream and downstream and high-efficiency collaboration in industry, unleashing strong competitiveness.

The company is a national-level high-tech enterprise with a complete technological innovation system. It has multiple high-level research and development centers and institutions, including a “National Enterprise Technology Center,” a “National Postdoctoral Research Station,” a “Provincial Key Enterprise Research Institute for New Energy Battery Materials,” and a “Provincial Research Institute for Green Cobalt Smelting Technology and New Material Development.” It has also established a joint research base with research institutions such as the National Key Laboratory of Powder Metallurgy at Central South University and the National Engineering Research Center, focusing on research in lithium battery cathode materials and precursor new product development, advanced manufacturing technologies, as well as innovative processes and green manufacturing technologies for nickel-cobalt-lithium mineral resource mining and metallurgy, establishing a research and development platform with first-class competitiveness for development, evaluation, and application. The company has a top-tier team of technical talent in the industry, and the R&D team composed of the company’s research institute’s technical backbones has been recognized as a provincial key innovation team.

In terms of performance, in the first three quarters of 2025, the company achieved an operating income of 58.941 billion yuan, a year-on-year decrease of 29.57%; the net profit attributable to shareholders of the listed company was 4.216 billion yuan, a year-on-year decrease of 39.59%.