Hunan Reshine New Material Co., Ltd.

Hunan Reshine New Material Co., Ltd. (RNM) (Hunan Reshine) is a high-tech new material enterprise established in Changsha Economic and Technological Development Zone and Changsha National New Material Development Base, specializing in the research, development, production and sales of lithium-ion battery (LIB) cathode materials. The company has advanced production processes, excellent equipment, adopts high-precision automatic control and monitoring systems, has complete testing methods and equipment, and sound quality and environmental assurance systems and management systems. The company passed ISO9001:2000 quality management system certification in May 2003, and ISO14001:1996 environmental management system certification in January 2005. The products have good stability and consistency, and their performance indicators reach the advanced level. Currently, the production capacity of lithium cobalt oxide has reached an annual output of 2,000 tons, and the research and development of new products such as lithium iron phosphate and lithium nickel cobalt manganese oxide has entered the industrialization stage.
The company's main investing shareholder is Shanghai Zhida Technology (Group) Co., Ltd., and the main technical shareholder is Changsha Yexiang Technology Development Co., Ltd., which is backed by Central South University. As of the end of December 2006, the company had total assets of 369 million yuan, net assets of 118 million yuan, an asset-liability ratio of 68%, and more than 200 employees. The company has strong technical strength, with 1 academician of the Chinese Academy of Engineering (Academician Liu Yexiang of Central South University), 7 doctoral degree holders, 12 master's degree holders, and 2 of Hunan Province's Top Ten Outstanding Youths. Engineering and technical personnel with bachelor's degrees or above account for 40% of the company's total staff. The joining of first-class talents has given the company strong technical support capabilities. The abundant capital of Shanghai Zhida Technology (Group) Co., Ltd. and its advanced management concepts as a private enterprise ensure that Hunan Reshine has a flexible mechanism, agile market response, and extraordinary development.
In 2004, the company was committed to expanding the industrial chain, conforming to the national policy environment encouraging enterprises to "go global," and combining with Reshine's medium- and long-term development strategy to achieve Reshine's backward integration. It purchased mines in Congo, Africa, and established a raw material processing base in Nantong, Jiangsu, realizing the transfer of raw materials between Africa and Hunan Reshine, and establishing a complete industrial chain from cobalt ore smelting—upstream product cobalt oxide manufacturing—the company's leading product lithium cobalt oxide production, realizing the company's transformation from a single lithium-ion battery cathode material manufacturer to a resource-development-oriented enterprise.
In 2005, the company established a company in Congo, Africa, and established cobalt ore resource channels; in 2006, the company already had 6 subsidiaries and built a multinational company framework; in 2007, it cooperated with Samsung and became China's largest lithium battery export enterprise; in 2008, it stood out from hundreds of suppliers in China and was rated by Samsung as one of only six excellent suppliers of Samsung China.