On April 25, Puyang Pu High Temperature Resistant Materials (Group) Co., Ltd. announced that the company and several senior executives were prosecuted by Yingkou People's Procuratorate on suspicion of smuggling goods prohibited by the state for import and export.
According to the indictment, after the export control of natural flake graphite in December 2023, the relevant personnel of Punai Stock Company declared a total of 1243.55 tons of natural flake graphite to overseas subsidiaries by means of false tax declaration number, involving about 5.9847 million yuan.
At present, a number of defendant have been arrested.
The data show that Punai is mainly engaged in refractory materials, and its upstream raw material, natural flake graphite, is also one of the key raw materials for lithium battery anode materials.
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