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Corporate Profiles

A global leader in new energy

Ningbo Shanshan Co., Ltd. (“Shanshan”, stock code: 600884) was established in 1992. Shanshan became the first listed apparel company in China in 1997. Shanshan launched a strategic transformation towards the new energy industry in 1999. Started with anode materials, and later expanded into cathode materials and electrolytes, Shanshan has accumulated more than 20 years of experience in R&D and scale production of lithium battery materials. Shanshan is a forerunner and leader in lithium battery materials. In February 2021, Shanshan acquired LG Chem's polarizer business to tap into the market of LCD polarizer. With innovation, technological capabilities and key solutions, Shanshan is able to localize the production of high-end polarizers, becoming the world's largest polarizer manufacturer with leading technologies.

Total assets
46.208 billion
Business income
18.68 billion
Net assets
21.581 billion
Net cash flow from operating activities
1.86 billion
R&D Expenses
1.037 billion

Data as of 2024 Annual Report

December 14, 1992
Shanshan Co., Ltd. was established
January 30, 1996
Shanshan Co., Ltd. was listed on the A-share market, becoming the first listed apparel company in China
1998
As a 7-year market champion, Shanshan had a market share of 37.4%, widely recognized as the No.1 apparel brand in China
1999-2005
Shanshan tapped into the new energy industry as it launched a strategic transformation
1999
Shanghai Shanshan Technology (Anode) was established
2003
Shanshan Energy (Cathode) was established
2005
Dongguan Shanshan (Electrolyte) was established
2005-2014
Shanshan laid a solid foundation to excel. Shanshan spent 10 years to invest in R&D and M&A to build its competitive edges along the value chain of the new energy industry.
2008
Shanshan stepped up team management to quickly grow its business portfolio, becoming the world's largest integrated supplier of lithium battery material
Since 2015
Shanshan embarked on a new journey to be a global leader in new energy
2016
Shanshan Energy was listed on the National Equities Exchange and Quotations (NEEQ)
Pack factory of EVPS Co., Ltd was put into operation
Shanshan Energy was certified by the National Enterprise Technology Center
2017
The 100,000-ton anode material integration project in Baotao was kicked off
The 20,000-ton electrolyte project in Quzhou was completed and put into operation
2018
Construction of the 100,000-ton cathode material project in Changsha was started.
Construction of the 100,000-ton anode material integration project in Baotao was started
The 2,000-ton lithium hexafluorophosphate project in Quzhou was completed and put into operation
2019
Two 100,000-ton cathode and anode lithium battery material projects were put into production, building technological edges at scale.
Shanshan became the world's largest integrated material supplier of lithium battery cathode, anode and electrolyte.
2020
Shanshan acquired the polarizer business of LG Chem and established Shanjin Optoelectronics.
As it localized the production of high-end polarizers, Shanshan successfully entered this "golden track", which initiated a new “dual-business and dual-drive” framework for further development.

History & Development

Founded in 1992, Shanshan was the No.1 Chinese brand of suits. In 1996, Shanshan was listed on the Shanghai Stock Exchange as the first listed apparel company in China (stock code: 600884). Driven by a forward-looking view, Shanshan initiated the business of anode materials in 1999, and later expanded into cathode materials. After 2007, Shanshan made further investment in venture capital, financing and leasing to better integrate industry and financial resources. Since 2015, Shanshan has extended its business portfolio to battery system integration, energy management service, charging pile and NEV operation.

Core Industry Distribution

Shanshan Co., Ltd. is one of the first enterprises to enter the lithium-ion battery material market in China. After years of development, the company's products have included lithium-ion battery cathode materials, cathode materials and electrolyte, and has set up a number of production enterprises in Changsha, Ningxia, Shanghai, Ningbo, Chenzhou, Ningdeand other places.

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