What YongXing Special Materials Technology does

Yongxing Special Materials Technology Co., Ltd. (永兴特种材料科技股份有限公司, stock code 002756, Shenzhen Stock Exchange) is a China-based publicly listed industrial materials producer founded in July 2000 and headquartered in Huzhou, Zhejiang Province. The company operates a dual-main-business model spanning (1) Special Steel New Materials — high-quality stainless steel bars and wires, special alloy materials, and high-end new materials serving nuclear power, aerospace, petrochemical, marine engineering, photovoltaic, and automotive engine valve applications across eight product series and 500+ specifications; and (2) Lithium Battery New Energy — battery-grade lithium carbonate extracted from lepidolite via proprietary tunnel-kiln roasting technology at 30,000 t/y capacity, plus ultra-wide temperature range lithium titanate battery cells, modules, and packs at 2GWh capacity. Core process innovations include industry-first tunnel-kiln lithium mica roasting, frozen crystallization and one-step lithium carbonate precipitation, sulfate recycling, and a self-developed continuous casting + electroslag remelting (ESR) dual process for high-aluminum-titanium precipitation-strengthened iron-nickel based alloys, supported by 135 authorized patents (61 invention) and recognition as the only EAF short-process Leading Standard Enterprise in Zhejiang Province under MIIT's 2025 Steel Industry Standard Conditions.

Yongxing monetizes through direct B2B enterprise sales — pricing is not publicly disclosed and is negotiated via enterprise sales channels — to industrial buyers including Dongfang Electric Group, Harbin Boiler, Shanxi Taigang, Shengde Xintai, polysilicon equipment manufacturers, nuclear power operators (Yangjiang, Fuqing), and NEV manufacturers. Distribution is executed through a global service network of 2,300+ personnel across 15 countries and 20+ Chinese provinces, with key production bases in Huzhou (Zhejiang, special steel and lithium batteries) and Yichun (Jiangxi, lithium mining and processing via Huaqiao Mining). The company also operates Yongxing Investment as a strategic holding arm and participated in a Singapore-based semiconductor/AI compute investment (Magik Compute Pte. Ltd.) in 2026. The firm is led by founder/Chairman Gao Xingjiang and generated approximately CNY 10.6B in 2025 revenue, with a market capitalization of CNY 19.98B as of March 2026.

Name

YongXing Special Materials Technology

Legal name

永兴特种材料科技股份有限公司

Website

https://yongxingbxg.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Yongxing Special Materials Technology (Shenzhen: 002756) is a China-based producer of specialty stainless steel, special alloys, and battery-grade lithium carbonate serving nuclear, aerospace, petrochemical, photovoltaic, automotive, and NEV manufacturers globally across 15 countries.

Ownership category

akta.pro rank

Product category

Specialty Stainless Steel and Lithium Battery Materials

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312)

akta.pro primary industry

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

• Specialty stainless steel
• Battery-grade lithium carbonate
• Lithium titanate batteries
• High-temperature alloy fasteners
• Special steel new materials

Headquarters

HQ city

Huzhou

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Special Steel New Materials (特钢新材料): Production and sales of high-quality stainless steel bar/rod products, special alloy materials, and high-end new materials. This is the company's foundational business providing stable profitability and serving as the 'ballast stone' for the dual-main-business strategy. Product range expanded from single variety to eight series with 500+ specifications.
2. Lithium Battery New Energy - Battery-Grade Lithium Carbonate (锂电新能源 - 电池级碳酸锂): Extraction and sales of battery-grade lithium carbonate from lepidolite using proprietary cloud-based lithium extraction technology. The company operates annual production capacity of 30,000 tons of battery-grade lithium carbonate along with supporting raw material supply capabilities. Recent data shows highest quarterly net sales of CNY 2,429.21 million reported.
3. Lithium Battery Products (锂电池): R&D, production, and sales of lithium titanate battery cells, modules, and battery packs. The company also owns lithium mine resources and corresponding industrial chain to guarantee raw material quality and processing efficiency. Products target new energy vehicles, electrochemical energy storage, and rail transit sectors.
4. Yongxing Investment (永兴投资): Investment holdings and strategic asset management across the group's diversified business interests.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

YongXing Special Materials Technology manufactures and sells high-quality stainless steel bars, wires, and special alloy materials for high-end equipment manufacturing applications (nuclear power, aerospace, petrochemical, marine engineering), and produces battery-grade lithium carbonate from lepidolite ore and lithium titanate battery cells, modules, and packs for new energy vehicles and energy storage. The company operates a dual-main-business strategy anchored on proprietary metallurgical and lithium extraction technologies.

Product overview

YongXing Special Materials Technology operates a dual-main-business model focused on Special Steel New Materials and Lithium Battery New Energy. The Special Steel segment provides high-quality stainless steel rods, wires, and special alloy materials across eight series with 500+ specifications for nuclear power, aerospace, petroleum, and marine applications. The Lithium Battery segment includes cloud-based lithium mica extraction producing battery-grade lithium carbonate and advanced lithium titanate batteries. Products are marketed under the Yongxing Materials brand (stock code: 002756), with the investment arm Yongxing Investment supporting strategic expansion.

Differentiator

Problem solved

Functional benefit

Brands

• 永兴特钢 (Yongxing Special Steel): The company's special steel new materials business segment, focusing on high-quality stainless steel rods, wires, and special alloy materials for高端装备制造业. Products serve nuclear power, aerospace, petrochemical, and ocean engineering applications.
• 永兴新能源 (Yongxing New Energy)
• 永兴锂电 (Yongxing Lithium Battery)

Products and services

• Special Steel New Materials (特钢新材料) High-quality stainless steel rods, wires, and special alloy materials across eight series with 500+ specifications serving nuclear power, aerospace, petroleum, marine engineering, and other high-end equipment manufacturing sectors.
• Lithium Battery New Energy (锂电新能源) Battery-grade lithium carbonate extraction through cloud-based lithium mica (lepidolite) leaching technology. Integrated mine-to-product operations with 30,000 tons/year production capacity upon Phase 2 completion.
• Lithium Titanate Battery (锂电池) Ultra-wide temperature range, ultra-long lifespan, ultra-fast charging/discharging, intrinsically safe, and environmentally friendly lithium titanate battery cells, modules, and battery packs. Production capacity of 2GWh.
• 50Cr21Mn9Ni4Nb2WN Engine Valve Steel for Automotive Engines (50Cr21Mn9Ni4Nb2WN气阀钢材料) High-performance valve steel material for automotive engine core components, featuring high precision and superior quality for extreme operating conditions. Recognized as Zhejiang Manufacturing Quality Product in 2023.
• High Aluminum Titanium Precipitation-Strengthened Iron-Nickel Based High-Temperature Fastener Material (高铝钛沉淀强化型铁镍基高温紧固件材料) First domestically developed high-temperature fastener material using the innovative 'continuous casting + electroslag' integrated process, recognized as a national first-batch new material serving aerospace and high-end manufacturing.
• 309L Austenitic Stainless Steel Wire for Welding (309L焊接用奥氏体不锈钢线材) Austenitic stainless steel wire for welding applications, developed with optimized composition and single-slag refining process, achieving domestic leading technology level.
• S32750 Super Duplex Stainless Steel Tube Blank (S32750超级双相不锈钢管坯) Super duplex stainless steel tube blank with controlled chemical composition and adjusted duplex ratio, ensuring excellent pitting resistance and processing performance for demanding applications.
• Battery-Grade Lithium Carbonate (电池级碳酸锂) Battery-grade lithium carbonate produced through cloud-based lithium mica extraction technology with annual production capacity of 30,000 tons upon completion of Phase 2 expansion.

Quantifiable outcome

• Domestic market share for high-aluminum titanium steel continuous casting grew from 0% to 30%
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Twelve partnerships are on record, tiered core and major.

• Central South University (中南大学)coreStrategic or Co-development Partner · 25 November 2022永兴新能源 (subsidiary) and Central South University established a deep industry-university-research cooperation, including the '永兴新能源科技产学研基金' for joint R&D and the '中南大学永兴新能源学科发展基金' supporting university education. The cooperation focuses on in-depth research in lithium battery industry, lithium resource recovery and utilization, with the goal of achieving collaborative development of first-class enterprises and first-class disciplines.
• Steel Research General Institute (钢铁研究总院)coreStrategic or Co-development PartnerLong-term strategic cooperation partner for special steel materials R&D. Yongxing has collaborated with Steel Research General Institute since establishing the provincial postdoctoral research workstation in 2017, conducting frontier projects including research on inclusion formation mechanism and smelting process control in titanium-containing austenitic stainless steel.
• Beijing University of Science and Technology (北京科技大学)coreStrategic or Co-development PartnerDeep cooperation partner, especially through the Steel Metallurgy New Technology National Key Laboratory where key technologies in stainless steel and special alloy product manufacturing process optimization were developed. Dr. Dai Weixing, a doctoral graduate from this university, currently serves as Technical Director at Yongxing's No. 2 Steelmaking Plant.
• Shanghai University (上海大学)majorStrategic or Co-development PartnerAcademic research cooperation partner for special steel new materials and alloy technology development, contributing to the company's advanced material innovation pipeline.
• Beijing Institute of Technology (北京理工大学)majorStrategic or Co-development PartnerUniversity research partner for strategic collaboration in advanced materials R&D and talent development.
• Jiangxi University of Science and Technology (江西理工大学)majorStrategic or Co-development PartnerUniversity partner supporting the Jiangxi production base's R&D and talent needs, particularly for the lithium new energy business in Yichun.
• Citic Metal Co., Ltd. (中信金属股份有限公司)coreStrategic or Co-development PartnerEight-party collaborative partnership (including Yongxing, Steel Research General Institute, Citic Metal, Dongfang Electric Group, Harbin Boiler, Shanxi Taigang, Shengde Xintai, Xi'an University of Architecture and Technology) focused on high-end niobium-containing austenitic heat-resistant stainless steel materials for thermal power, petrochemical, and nuclear power applications.
• Dongfang Electric Group - Dongfang Boiler Co., Ltd. Materials Research InstitutecoreStrategic or Co-development PartnerPart of the eight-party industrial-university-research-application alliance for developing high-end heat-resistant stainless steel materials for power generation equipment.
• Harbin Boiler Co., Ltd.coreStrategic or Co-development PartnerPart of the eight-party industrial-university-research-application alliance for high-end materials in thermal and nuclear power applications.
• Shanxi Taigang Stainless Steel Co., Ltd. Technical CentercoreStrategic or Co-development PartnerPart of the eight-party industrial-university-research-application alliance for high-end stainless steel materials.
• Shengde Xintai New Materials Co., Ltd. (盛德鑫泰新材料股份有限公司)coreStrategic or Co-development PartnerPart of the eight-party industrial-university-research-application alliance for specialized heat-resistant stainless steel materials.
• Xi'an University of Architecture and Technology (西安建筑科技大学)coreStrategic or Co-development PartnerPart of the eight-party industrial-university-research-application alliance contributing academic research expertise to high-end special steel development.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Chengxin Lithium (Shengxin Lithium): Chinese lithium chemicals producer with spodumene mine and conversion operations. Chengxin targets the same battery-grade lithium carbonate customer base as Yongxing and is relevant for benchmarking Chinese mid-tier lithium conversion economics.
• Yahua Industrial Group: Chinese producer of lithium hydroxide and carbonate serving NEV and ESS cathode customers. Yahua is smaller and more focused than Yongxing's lithium segment but addresses overlapping battery-material customers and competes for Chinese lithium conversion contracts.
• Microvast Holdings: US-listed battery manufacturer focused on lithium titanate and NMC chemistries for commercial vehicles and grid storage. Microvast is the closest publicly listed LTO-native peer to Yongxing's 2GWh Huzhou lithium titanate project, competing in the same chemistry-driven niche.

Direct peers

• Tianqi Lithium Energy: Major Chinese lithium hydroxide and carbonate producer with hard-rock and brine resources, including a stake in SQM. Tianqi competes with Yongxing for battery-grade lithium carbonate customers in China and globally, and benchmarks lithium-segment cost curves against Yongxing's lepidolite route.
• Ganfeng Lithium Group: China's largest lithium compounds producer with vertically integrated spodumene, brine, and conversion assets. Ganfeng directly competes with Yongxing in battery-grade lithium carbonate for the Chinese NEV and ESS markets, though it relies on spodumene rather than lepidolite feedstock, making technology comparison a relevant contrast.
• Tsingshan Holding Group: The world's largest stainless steel producer and China's dominant player in stainless long products. Tsingshan directly competes with Yongxing in stainless steel bars, rods, and billets via EAF and integrated routes, and serves many of the same downstream industrial customers. Comparable on production process, end markets, and geographic footprint inside China.
• Shanxi Taigang Stainless Steel Co., Ltd. (TISCO): One of China's largest stainless steel manufacturers and a direct competitor in stainless long products and specialty grades. Taigang is also a named partner of Yongxing in the eight-party heat-resistant stainless steel alliance, reflecting the simultaneous cooperation and competitive overlap across premium stainless grades.

Broad incumbents

• Toshiba (SCiB lithium-ion battery business): Toshiba's SCiB lithium titanate battery line is the global benchmark for ultra-fast-charging, wide-temperature LTO cells used in rail, EV, and industrial applications. Toshiba's established LTO technology and customer relationships make it the most relevant incumbent peer for benchmarking Yongxing's lithium titanate competitive position.
• China Baowu Steel Group: China's largest steelmaker and a benchmark for stainless and specialty steel in China. Baowu operates at much greater scale and across the full stainless value chain, making it a relevant incumbent peer for benchmarking scale, customer relationships, and regulatory positioning versus Yongxing's premium niche.
• Qinghai Salt Lake Industry Co., Ltd. China's flagship brine-based lithium carbonate producer operating from the Qaidam Basin in Qinghai. Salt Lake competes with Yongxing in battery-grade lithium carbonate but via a lower-cost brine route, making it a structural cost benchmark for Yongxing's lepidolite-based economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/yongxing-special-stainless-steel-co-ltd-

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about YongXing Special Materials Technology