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On September 4, Shida Shenghua (stock code: 603026) made an announcement stating that its majority-owned subsidiary, Shenghua New Material Technology (Lianjiang) Co., Ltd., intends to invest a substantial 687 million yuan in the establishment of a lithium battery electrolyte production facility with an annual capacity of 200,000 tons. This project will be situated in Lianjiang County, Fujian Province. The construction timeline for this ambitious project is set at 12 months. Upon reaching full operational capacity, it is projected to generate an impressive annual output value of 5.441 billion yuan and a net profit of 88.6001 million yuan. Notably, on the same day as the announcement, Shida Shenghua's stock price experienced a decline of 2.21%, closing at 60.61 yuan, thereby bringing its total market capitalization to 14.104 billion yuan.
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