Graphene concept has always been the main focus of Baotailong New Materials Co.Ltd(601011) (601011, SH; yesterday’s closing price of 4.99 yuan). Now the company seems to have pushed this concept to a new height.
On February 9, Baotailong New Materials Co.Ltd(601011) announced that it plans to increase the capital of its subsidiary Shanghai Chaosheng Technology Co., Ltd. (hereinafter referred to as Shanghai Chaosheng) by 45 million yuan.
According to Baotailong New Materials Co.Ltd(601011) , the capital increase of Shanghai Chaosheng actually paves the way for the acquisition of part of the equity of Xingtu (Changzhou) carbon materials Co., Ltd. (hereinafter referred to as Xingtu carbon materials) and the holding of the company.
The reporter of “daily economic news” noted that there is big information behind the seemingly ordinary capital increase. It is said that Xingtu carbon material is expected to indirectly supply graphene thermal conductive film products to Huawei.
For Xingtu carbon materials, Baotailong New Materials Co.Ltd(601011) attaches great importance to it. At present, Jiao Yanyan, the eldest daughter of Jiao Yun, the actual controller of Baotailong New Materials Co.Ltd(601011) , is in charge of R & D. From the past experience of Jiao Yanyan, it seems that he is better at investment business. Although Xingtu carbon materials has not actually contributed to the performance, the equity incentive scheme designed by Baotailong New Materials Co.Ltd(601011) for Jiao Yanyan and others is already on the way.
plans to increase capital by 45 million to subsidiaries
Baotailong New Materials Co.Ltd(601011) announced that in order to promote the company’s transformation strategy, the company plans to increase the capital of Shanghai Chaosheng by 45 million yuan. After the capital increase, the registered capital of Shanghai Chaosheng is 50 million yuan, accounting for 100% of the registered capital.
According to qixinbao, Baotailong New Materials Co.Ltd(601011) jointly established Shanghai Chaosheng with natural persons Ren Mingming and Guo Zhiyong on January 18, 2021. The registered capital of Shanghai Chaosheng is 5 million yuan and Baotailong New Materials Co.Ltd(601011) contributes 2.55 million yuan, accounting for 51% of the registered capital. According to the listed company, in order to accelerate the industrialization of graphene thermal conductive film project and meet the needs of the company’s strategic transformation to new energy and new material industry, the company plans to position Shanghai Chaosheng as a career development platform, resource integration platform and foreign cooperation platform for the company to enter the new energy and new material industry. Therefore, the company completed its wholly-owned holding of Shanghai Chaosheng on January 29 this year.
Baotailong New Materials Co.Ltd(601011) refers to the wholly-owned holding and capital increase of Shanghai Chaosheng. It is reported that the listed company plans to acquire 16.86% of the shares of other shareholders of Xingtu carbon materials through Shanghai Chaosheng. Xingtu carbon materials was established in June 2021 with a registered capital of 30 million yuan. It was initiated and established by Shanghai Chaosheng, Beijing Yuding Xinsheng technology and Zhang Jianxin. Shanghai Chaosheng indirectly holds about 49%. After the acquisition, Shanghai Chaosheng invested 19.7582 million yuan in Xingtu carbon materials, accounting for 65.86% of the registered capital. At that time, Xingtu carbon materials will be included in the Baotailong New Materials Co.Ltd(601011) system.
As of December 31, 2021, the total assets of Xingtu carbon materials are 3.4977 million yuan, and the net assets are -2.047 million yuan; Last year’s net profit was -2.047 million yuan (data Unaudited).
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It is said that Xingtu carbon materials continued to promote the industrialization of graphene thermal conductive film after its establishment, and successively passed the preliminary verification and factory audit certification of graphene thermal conductive film products of Shanghai Longqi Technology Co., Ltd. (hereinafter referred to as Shanghai Longqi), “Recently, Shanghai Longqi further proposed to Xingtu carbon materials the requirement for the suitability verification of 100pcs graphene thermal conductive film products, which is intended to be used for the test and verification of Huawei related products”.
In other words, Xingtu carbon materials indirectly connected with Huawei through Shanghai Longqi. Shanghai Longqi is a leader in China’s mobile phone ODM industry. According to the official website of Shanghai Longqi, it focuses on the design, R & D, manufacturing and service of smart phones, tablets, smart wear, smart home, smart speakers, VR / AR and other terminal products; In 2020, its shipment volume was 110 million units, with a year-on-year increase of 22%; The revenue was 16.4 billion yuan, a year-on-year increase of 63%.
In recent years, the heat dissipation technology of smart phones has changed continuously, and many heat dissipation schemes have emerged, of which graphene heat dissipation is one of the most concerned.
According to Baotailong New Materials Co.Ltd(601011) , once the development and verification of Huawei related products are successful, Shanghai Longqi will sign a bulk graphene heat transfer film procurement contract with Xingtu carbon materials. The graphene thermal conductive film produced by Xingtu carbon material is made of graphene filter cake produced by Qitaihe Baotailong New Materials Co.Ltd(601011) graphene new material (hereinafter referred to as Qitaihe Baotailong New Materials Co.Ltd(601011) ), a wholly-owned subsidiary of the company. “With the breakthrough of Xingtu carbon graphene thermal conductive film market, the sales revenue of Qitaihe Baotailong New Materials Co.Ltd(601011) will be increased.”.
the company prepares equity incentive
“Formal Huawei concept” and “graphene thermal conductive film is used as the heat dissipation system of mobile phones and notebooks. It is verified that the market potential is huge through promotion. It should not only be used by Huawei, but all high-end electronic products. Graphene thermal conductive film has found a place to use”… In the stock bar, investors are also a little excited.
It is worth mentioning that although Xingtu carbon materials has not yet begun to contribute performance, Baotailong New Materials Co.Ltd(601011) has been preparing for equity incentive in advance. The company decides that if Xingtu carbon materials achieves an operating revenue of 40 million yuan and a total profit of 4 million yuan in 2022, Shanghai Chaosheng will transfer its 30% equity of Xingtu carbon materials to the core personnel of Xingtu carbon materials free of charge. Among them, the R & D technical team with Jiao Yanyan as the core can obtain up to 15% equity of Xingtu carbon materials, chairman Zhang Jin can obtain up to 10% equity, and general manager Kong Xiangjin can obtain up to 5% equity.
Jiao Yanyan was born in 1982. She is the eldest daughter of Jiao Yun, the actual controller of Baotailong New Materials Co.Ltd(601011) . According to the Baotailong New Materials Co.Ltd(601011) announcement, Jiao Yanyan began to serve as the director and R & D director of Xingtu carbon materials in June last year. Zhang Jin was born in 1977. She once served as Baotailong New Materials Co.Ltd(601011) vice president. At present, she is the chairman of Baotailong New Materials Co.Ltd(601011) board of supervisors and the chairman of Xingtu carbon materials.
For the above incentive plan, Baotailong New Materials Co.Ltd(601011) believes that once Xingtu carbon material products are successfully verified, the company’s graphene products will achieve a major breakthrough in the application of graphene thermal conductive film; (incentive is) in order to grasp the market opportunity of graphene thermal conductive film in time, fully mobilize the enthusiasm of the operation and management team, accelerate the industrialization process of graphene application of the company, quickly occupy a place in the graphene thermal conductive film application market, and closely combine the interests of Xingtu carbon material operation and management team with the interests of shareholders of the company.
The reporter of the daily economic news noted that Jiao Yanyan graduated from Monash University in Australia. According to Jiao Yanyan’s work experience, investment seems to be her area of expertise.
It is worth mentioning that behind the good news of Baotailong New Materials Co.Ltd(601011) , there is a non-public offering to be completed. The company plans to privately issue about 311 million shares (including 311 million shares) and raise no more than 1.506 billion yuan to invest in multiple projects. At the end of November last year, the company’s fixed increase application was approved by the CSRC.
