Zhejiang Huayou Cobalt Co Ltd (Huayou Cobalt) is a mining company. It carries out the manufacturing of new energy lithium battery materials, the deep processing of new cobalt material products, and the mining, selection and smelting of cobalt and copper non-ferrous metals. The company's product portfolio includes cobalt tetroxide, cobalt sulfate, cobalt oxide, cobalt tetroxide, cobalt carbonate, electrodeposited copper, copper oxide, nickel and others. Huayou Cobalt’s products are used in the applications of power and rechargeable battery materials, carbide and super alloys, transformers, brass materials, cemented carbide, petrochemical and rubber catalyst. The company also offers research and development of nickel and cobalt new materials. Huayou Cobalt is headquartered in Tongxiang, Zhejiang, China.
Headquarters
China
Address
No. 18 Wuzhen East Road, Tongxiang Economic Development Zone, Jiaxing, Zhejiang, 314500
Website
www.huayou.com
Telephone
86 573 88589981
No of Employees
29,757
Industry
Metals and Mining
Ticker Symbol & Exchange
603799 (SHA)
Revenue (2022)
$9.4B
78.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
0.3%
(2022 vs 2021)
Market Cap*
$6.6B
Net Profit Margin (2022)
XYZ
-43.8%
(2022 vs 2021)
* As of and is in US$
Zhejiang Huayou Cobalt Co Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Cobalt Series: |
| Battery Grade Cobalt Tetroxide |
| High-Purity Battery Grade Cobalt Sulfate |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, the company entered into an agreement with LG Chem to establish a joint venture in Morocco to produce lithium phosphate iron cathode materials for electric vehicle batteries. |
| 2023 | Plans/Strategy | In August, the company announced its plans to establish a new joint venture with LG Energy Solution. |
| 2023 | Contracts/Agreements | In May, the company signed a memorandum of understanding with POSCO FUTURE M and the local government of Gyeongsangbuk-do and Pohang City to invest in the establishment of a nickel sulfate refining and precursor production plant for battery materials in the Blue Valley National Industrial Park in Pohang, South Korea. |
Competitor Comparison
| Key Parameters | Zhejiang Huayou Cobalt Co Ltd | Jiangxi Copper Co Ltd | Ningbo jintian copper(group)Co Ltd | Yunnan Tin Co Ltd | Pengxin International Mining Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Jiaxing | Nanchang | Ningbo | Honghe | Shanghai |
| State/Province | Zhejiang | Jiangxi | Zhejiang | Yunnan | Shanghai |
| No. of Employees | 29,757 | 25,051 | 7,681 | 15,473 | 1,788 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Chen Xuehua | Chairman | Executive Board | 2002 | 62 |
| Fang Qixue | Vice President; Vice Chairman | Executive Board | 2020 | 61 |
| Wang Jun | Vice President; Chief Financial Officer; Director | Executive Board | 2023 | 53 |
| Chen Hongliang | President; Director | Executive Board | 2011 | 50 |
| Li Rui | Secretary | Senior Management | 2017 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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