Kangpu Chemistry (920033) plans to establish a joint venture company to expand into the comprehensive recycling and lithium extraction from lithium-containing solid waste.

On April 2, Chongqing Compo Chemical Industry Co., Ltd. released an announcement stating that, according to the company’s development strategy and business planning, it intends to jointly contribute capital with Sichuan Chengjinchun New Energy Technology Co., Ltd., Xin Jia Sheng (Haikou) Investment Co., Ltd., and Chengdu Cheng Qianlong Enterprise Management Partnership (Limited Partnership) to establish Sichuan Lithium Brilliant Technology Co., Ltd., to deploy a business covering comprehensive recycling and utilization of lithium-containing solid waste. The registered capital of Lithium Brilliant Technology is 50 million yuan. Of this, Chengjinchun New Energy will subscribe to contribute 30 million yuan, accounting for 60% of the registered capital; the company will subscribe to contribute 12.5 million yuan, accounting for 25%; Xin Jia Sheng Investment will subscribe to contribute 2.38 million yuan, accounting for 4.76%; and Cheng Qianlong Partnership will subscribe to contribute 5.12 million yuan, accounting for 10.24%.

Tongbi Finance learned that Compo Chemical is a global provider of customized special chemical technology services. It mainly engages in the R&D, production, and sales of metal extraction agents and other special chemicals. Especially in the field of copper extraction agents, the company broke foreign technology monopolies. Through many years of process improvements and product innovation, it has now become a leading domestic and internationally well-known enterprise, occupying an important position in the global industry landscape.

Compo Chemical makes good use of the art of chemistry and implements a “green化 in chemistry” strategy. It focuses on the R&D and application of special chemical technologies such as metal extraction technology, mineral flotation technology, and acid mist suppression technology. At present, the company has formed four major series of products represented by Mextral® metal extraction agent series products, Flotilla® mineral flotation reagents series products, Famigo® acid mist suppressants series products, and GemiBola® special surfactant series products. The company’s various products are mainly used in multiple green and environmental protection areas, including mining hydrometallurgy (chemical metallurgy), new energy metal recycling and recovery, circular utilization of urban mineral resources, treatment of heavy metals in wastewater, and mineral flotation, among others.

The company’s products have excellent performance and quality, and its technical service level is outstanding, with customers around the world. The company provides customized products and supporting technical support to global customers with its business model of “process technology + formulation products + technical service.” Currently, the company’s products have been exported to multiple countries and regions such as Chile, the Republic of the Congo (Kinshasa), Zambia, and Mexico. Its end customers include world mining giants such as BHP (BHP Billiton), Glencore (Glencore), CODELCO (Chilean National Copper Corporation), Freeport-McMoRan (Freeport), as well as Fortune 500 companies such as CATL, Huayou Cobalt, Luoyang Molybdenum, and Sheng Tun Mining, and some large-scale well-known mining enterprises.

The company attaches great importance to building its R&D team. Through more than ten years of accumulation and refinement, it has established a research and development team that brings together experienced professional talents from both domestic and international sources. It has already introduced large numbers of technical talents such as PhDs, master’s degree holders, and senior engineers, and it has built a complete technology R&D system. In addition, one of the company’s募投 projects, “Compo Chemical Technology Research Institute,” has been completed and is currently in operation, and it has established a wholly owned subsidiary, Chongqing Compo Chemical Technology Research Institute Co., Ltd. In the future, Chongqing Compo Chemical Technology Research Institute Co., Ltd. will continue to undertake the company’s R&D tasks and provide innovative services to society such as technical consulting, technical services, and results transformation. It is committed to solving industry common technical challenges and promoting the development of new products. At the same time, Chongqing Compo Chemical Technology Research Institute Co., Ltd. will strengthen exchanges and cooperation with universities, research institutions, and peers to build an innovation system closely integrating industry, academia, research, and application, provide technical support and product development services to customers, and promote collaborative innovation across the upstream and downstream of the industrial chain.

The company actively responds to the national concept of green development, focusing on the circular utilization system of urban mineral resources such as retired new energy batteries, waste catalysts, and waste non-ferrous metals. To this end, the company has established Chongqing Xin Fengtai Environmental Protection Technology Co., Ltd., committed to advancing technological innovation and sustainable development in the field of resource recycling and utilization, helping to build a resource-conserving and environment-friendly society, and promoting green development across the upstream and downstream of the industrial chain.

Looking to the future, under the guidance of strategies such as technological innovation, intelligent manufacturing, and green chemistry, Compo Chemical will uphold the philosophy of “turning technology into art and making products into works—so that the world falls in love with ‘Compo-made’,” and is committed to becoming a leading enterprise in the global special chemicals sector. It will also redefine “Made in China” with first-class technical and product services.

Regarding performance, in 2025, the company achieved operating revenue of 246 million yuan, down 25.61% year over year; net profit attributable to shareholders of the listed company was 22.09 million yuan, down 72.48% year over year.