Another A-share company signed a large order with Contemporary Amperex Technology Co.Limited(300750) !
It was announced on December 12 that on December 11, the company signed a cooperation framework agreement with Contemporary Amperex Technology Co.Limited(300750) and agreed that Contemporary Amperex Technology Co.Limited(300750) would purchase lithium battery grade PVDF and R142b products from the company within the validity of the agreement.
Both parties agree that the purchase quantity of R142b is not less than 1700 tons before the end of December 2021; Not less than 7200 tons in 2022. According to the current market price of 180000 R142b products / ton, the amount of R142b products purchased from the company in Contemporary Amperex Technology Co.Limited(300750) 2022 will reach 1.296 billion yuan, which exceeds the revenue in the first three quarters of Lecron Industrial Development Group Co.Ltd(300343) .
It is worth noting that with the sharp rise in the prices of R142b and PVDF products, Lecron Industrial Development Group Co.Ltd(300343) came out of a bull market in the third quarter, with a maximum increase of nearly 9 times.
will supply to Contemporary Amperex Technology Co.Limited(300750)
lithium battery grade PVDF and R142b products
It was announced on December 12 that on December 11, the company signed a cooperation framework agreement with Contemporary Amperex Technology Co.Limited(300750) and agreed that Contemporary Amperex Technology Co.Limited(300750) would purchase lithium battery grade PVDF and R142b products from the company within the validity of the agreement.
Both parties agree that Party A shall give priority to purchasing party B’s lithium battery grade PVDF and R142b products on the premise that Party B’s product technology, quality, delivery and service can meet Party A’s use standards. The purchase quantity of R142b is not less than 1700 tons by the end of December 2021; Not less than 7200 tons in 2022. The purchase volume of lithium battery grade PVDF shall be determined according to the production volume of Party B at that time. The agreement is valid from the date of signing to December 31, 2024.
According to the data of Baichuan Yingfu, since November, the price of refrigerant R142b products in China has continued to rise. After raising 5000 yuan / ton twice in the first ten days and the middle of November, R142b products increased 5000 yuan / ton again on November 24, and the price has risen to 180000 yuan / ton.
according to the above framework agreement, if the total purchase of R142b products by Contemporary Amperex Technology Co.Limited(300750) before the end of December 2021 is not less than 1700 tons, the purchase amount will reach 306 million yuan. If the purchase amount in 2022 is not less than 7200 tons, the purchase amount will reach 1.296 billion yuan.
Lecron Industrial Development Group Co.Ltd(300343) in the third quarter, the operating revenue of the company in the first three quarters was 1.236 billion yuan and the net profit was 163 million yuan. It can be seen that the purchase amount of the company’s R142b products by Contemporary Amperex Technology Co.Limited(300750) has exceeded the company’s revenue in the first three quarters.
The company said that Contemporary Amperex Technology Co.Limited(300750) is a leading lithium-ion battery R & D and manufacturing company, focusing on the R & D, production and sales of power battery system and energy storage system of new energy vehicles. The establishment of long-term and stable cooperative relationship between the two sides is conducive to the formation of close supply-demand linkage between the upstream and downstream of the industry, long-term mutual benefit and win-win results, further improve the company’s industrial layout, improve the company’s profitability, and contribute to the sustainable, healthy and steady development of the company. If this agreement is fully performed, it will have a positive impact on the company’s future annual operating performance. The specific amount and time of impact will be determined according to the implementation of the agreement. The company will recognize revenue in relevant years according to the performance of the agreement.
product prices soared in the first three quarters
the company’s share price rose 9 times
According to the data, Lecron Industrial Development Group Co.Ltd(300343) is mainly engaged in the R & D, production and sales of fluorine-containing new materials and polyurethane new materials. Fluorine refrigerants of the company mainly include HFC-152a, hcfc-142b, HFC-134a, hfc-125, hfc-143a, R410A, etc.
In the first three quarters, the company realized a net profit of about 163 million yuan, an increase of 658.29% over the same period last year. Lecron Industrial Development Group Co.Ltd(300343) said that during the reporting period, the company’s performance increased rapidly, which was mainly affected by the market situation of new energy lithium battery materials. Among them, the downstream demand for R142b, the main product, increased significantly, resulting in a sharp increase in its sales price and gross profit. The performance of Hua’an new material, the company’s holding subsidiary, increased significantly at the same time. At the end of the reporting period, the company’s shareholding in Hua’an new material increased from 86.59% to 90%. Since the fourth quarter of 2021, the contribution of Hua’an new material to the company’s performance will rise simultaneously. Meanwhile, the successive production of Hua’an new material PVDF (polyvinylidene fluoride) project is expected to bring new profit growth points to the company.
In addition, Contemporary Amperex Technology Co.Limited(300750) will purchase lithium battery grade PVDF from the company. The data show that the main application scenarios of PVDF are coatings, injection molding, photovoltaic back plate film, lithium battery and water treatment film. In recent years, with the strong demand for lithium battery, the market demand for battery grade PVDF as positive binder has increased rapidly, and the demand proportion is expected to increase to 20% in 2020.
Kaiyuan securities previously pointed out that the price of domestic PVDF increased from about 200000 yuan / ton in mid July to 300000-400000 yuan / ton in early September. It is expected that the supply of lithium battery grade PVDF in China will continue to fall short of demand in the whole year of 2021 and the first half of 2022, and the price is expected to continue to increase. In the second half of 2022, the newly-built capacity of various manufacturers is expected to be shipped one after another. Based on a certain period of capacity climbing and new product certification, the tight balance between supply and demand is expected to continue until the end of 2022.
With the sharp rise in the prices of R142b and PVDF products, the share price of Lecron Industrial Development Group Co.Ltd(300343) also soared in the third quarter. The share price soared all the way from about 3 yuan in early July to a record high of 29.9 yuan on September 24, with a maximum increase of nearly 9 times. Then there was a callback. As of December 10, the latest report was 19.9 yuan, with a current market value of 22.9 billion yuan.
these companies also join hands with Contemporary Amperex Technology Co.Limited(300750)
With the continuous expansion of Contemporary Amperex Technology Co.Limited(300750) production and the continuous extension of the upstream and downstream industrial chain, its “circle of friends” in A-Shares is also expanding. In recent years, several companies have indicated that they will become partners of Contemporary Amperex Technology Co.Limited(300750) .
For example, Shanghai Sk Automation Technology Co.Ltd(688155) announced on December 12, from October 26, 2021 to the disclosure date of this announcement, the company has received Contemporary Amperex Technology Co.Limited(300750) and its subsidiaries’ various contracts and fixed-point notices, with a total amount of about 253 million yuan (excluding tax).
It was announced on November 30 that the company signed a cooperation agreement with Contemporary Amperex Technology Co.Limited(300750) . In the next five years (2022-2026), the company will provide Contemporary Amperex Technology Co.Limited(300750) with die castings, liquid cooling plates, connectors, composite materials and other products. The estimated purchase amount is about 3.6 billion yuan. The actual purchase amount is subject to the order actually issued by Party A.
It was announced on August 5 that from January 1, 2021 to the disclosure date of the announcement, the total amount of daily operation contracts signed between the company and Germany times and its holding subsidiaries reached 424 million yuan, accounting for 73.98% of the company’s audited main business income in 2020; From January 1, 2021 to May 11, 2021, the total amount of daily business contracts signed reached 127 million yuan, and from May 12, 2021 to the disclosure date of the announcement, the total amount of newly signed daily business contracts reached 296 million yuan.
It was announced on June 21 that from January 1, 2021 to the disclosure date of the announcement, the bid winning notices sent by the main customer Contemporary Amperex Technology Co.Limited(300750) and its holding subsidiaries through e-mail have been received successively. The total amount of the bid winning lithium battery production equipment is RMB 1.003 billion (including tax). Among them, the bid winning equipment with formal order contract signed is RMB 922 million (including tax), and the bid winning equipment without formal order contract signed is RMB 81 million (including tax).
On the same day, Shenzhen Yinghe Technology Co.Ltd(300457) also disclosed that from October 27, 2020 to the disclosure date of the announcement, the company successively received the bid winning notice sent by e-mail from the main customer Contemporary Amperex Technology Co.Limited(300750) and its holding subsidiaries, with a total bid winning of RMB 171 million for lithium battery production equipment.
It was announced on May 31 that the company and its wholly-owned subsidiary Titan new power recently successively received the bid winning notice of its main customer Contemporary Amperex Technology Co.Limited(300750) and its holding subsidiary. The winning project is lithium battery production equipment. From January 1, 2021 to the disclosure date of the announcement, Wuxi Lead Intelligent Equipment Co.Ltd(300450) and Titan new power have received the bid winning notice of Contemporary Amperex Technology Co.Limited(300750) and its holding subsidiaries totaling RMB 4.547 billion (excluding tax).
In addition, Hnac Technology Co.Ltd(300490) , Guangdong Zhengye Technology Co.Ltd(300410) , Zhejiang Hangke Technology Incorporated Company(688006) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) have won Contemporary Amperex Technology Co.Limited(300750) equipment purchase orders.
Soochow Securities Co.Ltd(601555) previously pointed out that as Contemporary Amperex Technology Co.Limited(300750) power battery entered the peak of production expansion, leading core equipment manufacturers fully benefited. According to the current planned production capacity of leading global power battery manufacturers, it is expected that the corresponding investment in new equipment will total about 300 billion yuan in the next four years, and the scarcity of leading equipment manufacturers will gradually appear.
(Securities Times)
