Zheshang Securities research reports pointed out that Shenzhen Capchem Technology (300037.SZ) plans to increase its investment in Jiangxi Shilei Fluorine Materials Co., Ltd. by approximately 0.352 billion yuan, with the target company becoming a jointly controlled joint venture. The location of Jiangxi Shilei has abundant fluorite mines and chlor-alkali resources. The shareholder Shilei Group owns the Qinglong Mountain fluorite mine with reserves of approximately 3.4 million tons of ore and about 1.6 million tons of minerals. Currently, Jiangxi Shilei has signed a long-term supply agreement for fluorite fine powder with Shilei Group. In addition, according to Xinluo news statistics, the global effective production capacity of lithium hexafluorophosphate in 2023 is approximately 0.36 million tons, with the company's market share at about 4.2%, ranking in the industry's second tier. With subsequent production capacity expansion, the market share is expected to further increase. The company is a leading platform-type electronic chemical supplier. After this investment, the company combines the certainty of growth in fluorine chemicals with the high elasticity of electrolyte recovery. Maintaining a 'buy' rating.