As reported by Cailing on July 23, Tongxing Environmental Protection Technology Co., Ltd. (ticker 003027, Tongxing Technology) announced that its sixth board meeting approved a resolution to increase capital in its subsidiary Tongxing Haosheng (Yibin) New Energy Technology Co., Ltd. By RMB 60 million from self-owned funds to support the subsidiary’s sodium business. Tongxing Haosheng is implementing a 20,000 t/y sodium-ion cathode project with a total investment of about RMB 500 million. After the increase, the subsidiary’s registered capital will rise from RMB 29.4 million to RMB 89.4 million, and the company’s stake will increase from 82.99% to 94.41%.
This is a completed fact (board resolution and capital-arrangement step). A capital increase is shareholder funding, not commissioned capacity. Tongxing Haosheng was incorporated in January 2024 in Pingshan County, Yibin, Sichuan. Per the announcement, its net assets were about RMB 12.46 million as of March 31, 2026, and it had no operating revenue in Q1 2026 or in 2025. Under the company’s previously disclosed plan, the first-phase 10,000 t/y capacity was expected to start production in October 2026 and reach full capacity in December 2026; that timeline is a company plan, not an accomplished fact.