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Chengxin Lithium Group (S
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 suppliers, 8 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Yicai 2024-02-08: Chengxin Lithium 'inked a deal to buy 385,000 tons of spodumene concentrate from a unit of Australian lithium miner Pilbara Minerals'. Smallcaps (2024-03-12) confirms an amendment to Pilbara's existing offtake with Chengxin executed early February 2024.
Yicai 2024-02-08: 'a four-year lithium hydroxide supply deal with South Korean carmaker Hyundai Motor' signed January 2024.
Yicai, citing Chengxin's website: overseas lithium salt clients include LG Chem, SK On and Posco Chemical.
Same Yicai client list (LG Chem, SK On, Posco Chemical).
Same Yicai client list. Posco Chemical is the former name of POSCO Future M.
Chengxin's 2026 H1 report (filed 2026-08-25, p.31): sales of lithium products to BYD and its subsidiaries, RMB 709,190,600 (含税, tax-inclusive) in H1-2026, 8.53% of same-type related-party transactions. Related party because a BYD board secretary sits as a Chengxin director. Corroborates an accounts-receivable balance from 深圳比亚迪汽车实业有限公司 (Shenzhen BYD Auto Industry Co., Ltd.) on the same filing's related-party note (p.135).
Chengxin's 2026 H1 report (p.31-32): sales/processing of lithium products to the two Langsheng entities, combined RMB 891,187,000 (含税) in H1-2026, 10.72% of same-type related-party transactions. Related party: both are controlled by Chengxin's own controlling shareholder, Shengtun Group (盛屯集团).
Chengxin's 2026 H1 report (p.32): sales of lithium products to CALB (HKEX: 3931), RMB 1,625,974,400 (含税) in H1-2026 -- the single largest related-party sales line, 19.55% of same-type related-party transactions. Related party ONLY because CALB signed a conditional share-subscription agreement (2025-10-31) to take >5% of Chengxin; that agreement was TERMINATED 2026-07-13, so future periods may not carry this related-party classification even if the trading relationship continues -- re-check status at the next filing.
Chengxin's 2026 H1 report (p.32): sales of lithium products to Huayou Holding Group and subsidiaries/affiliates, RMB 1,388,004,800 (含税) in H1-2026, 16.69% of same-type related-party transactions. Huayou Holding Group is the controlling shareholder of Zhejiang Huayou Cobalt Co., Ltd. (SSE 603799, tracked separately in this corpus as `huayou-cobalt`) -- it is the PARENT holding vehicle, a distinct legal entity from the listed company, so no `dossier_slug` link is set here. Related party ONLY because of the same now-terminated (2026-07-13) share-subscription agreement noted for CALB above -- re-check status at the next filing.
Chengxin's 2026 H1 report (p.32): purchases of sulfuric acid (硫酸, a processing reagent, not a lithium feedstock) from PT. Huayue Nickel Cobalt, an Indonesian subsidiary of Huayou Holding Group, RMB 39,027,300 (含税) in H1-2026, 0.75% of same-type related-party transactions. Material corrected to sulfur (sulfuric acid is the traded reagent), not lithium; the source names no plant-to-plant route, so no corridor is credited.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
This company sits on the supply side for 1 of its 1 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇿🇼 ZW accounts for 100% of severity-weighted pressure.