Securities code: Hunan Zhongke Electric Co.Ltd(300035) securities abbreviation: Hunan Zhongke Electric Co.Ltd(300035) Hunan Zhongke Electric Co.Ltd(300035)
Record of investor relations activities
No.: 202203001
\uf0a3 research on specific objects \uf0a3 analyst meeting
□ media interview □ performance briefing
Investor relations activities
□ press conference □ Roadshow
category
□ site visit
□ others
Anxin fund Li Zhijun, Wu Shaofei, CHEN Si, Shen Minghui and Li Li; Boshi fund Tang Shengbo and Zeng Peng; BAOYING fund Zhu Kai, Zhao Guojin and Zhang Zhongwei; Dacheng Fund sun Dan; Oriental alpha fund Cai Zihao; founder Fubon fund Li Xinyue and Xu Wenlong; Fuguo fund Lin Qing and Tang Qi; Shanghai Investment Morgan fund Chen Yanbing Zhao Longlong, Zheshang fund, Chai Ming and Chen Penghui, everyone assets Jiang Panyu, China Post venture fund take-off, Xu Hang, Peng Yang fund Ma Huiqin, human resources assets sun Hao Ran, Tibet long gold investment Ma Li An, red earth innovation fund Li Jun, the Stanley Huaxin Fund Teng Mao participated in the unit name and Ping, Bank of China fund, Industrial Bank Finance Zhang Meng knows. Lu Yiwen of China Europe Fund, Liu Guangxu of CITIC Capital, Ouyang yetian of Jiuzhang assets, Gu Yihui of GF, Huang Wei of Nord fund, Tu Shenhao of Tianhong fund, Xing Junliang and Ren Shiqing of ABC Huili fund, Chen Weifeng of Great Wall Fund, sun Shuai of Harvest Fund, Li Lang of Xinhua assets, Zhang Xiaoquan of Ping An fund, Cephei capital management (Hong Kong) Limited, Ma Zhan, ivyrock asset management (HK) Limited, Chen Wenwen, Marco Polo pure China fund Hannes Kwong, UG fund Taylor Chen, svifunds bill Huang, Value Partners Group, Gao Yunbo and other 140 institutions, with a total of 185 people.
Time: 16:00-16:50, March 3, 2022
Location teleconference
The main contents of the teleconference on investor relations activities are as follows:
Main content introduction 1. Introduce the current production scheduling and capacity construction of the company’s cathode materials
At present, the company’s production capacity is tight. In this regard, the company’s relevant new production capacity construction projects are being actively promoted as planned. After all the construction is completed, the company’s negative material production capacity will be 34 China Tianying Inc(000035) 0000 tons / year, The graphitization processing capacity of negative electrode materials will be 295000 tons / year (including 30000 tons / year of graphitization processing capacity of energy gathering new materials of the joint-stock subsidiary). Subsequently, the company will carry out scientific capacity planning closely around the needs of customers and the rapid development of the industry.
2、 Q & a session
1. Please introduce the power guarantee of each negative electrode material production base of the company?
A: the power supply of each negative electrode material production base of the company is normal and can meet the needs of production and operation.
2. Please introduce the recent price changes of the company’s cathode raw materials?
A: the raw materials of artificial graphite anode materials are mainly needle coke and petroleum coke. In the first quarter, the prices of needle coke and petroleum coke increased to a certain extent.
3. How will the company’s cathode material business ensure the demand for raw materials in the future?
A: the company maintains a long-term and stable cooperative relationship with upstream needle coke and petroleum coke manufacturers. At the same time, the company further ensures the supply of raw materials by distributing raw materials upstream of the industrial chain. In this regard, in January 2022, the company signed an investment cooperation agreement with Haida new materials and Wangjiang economic development zone, It is planned to build a 100000 ton negative electrode material powder production base in Wangjiang Economic Development Zone of Anqing city through Haida new materials, so as to build it into the company’s negative electrode material raw material supply, production and processing base.
4. Which of the listed companies Zhongke electric invests in the “100000 ton / year negative electrode material integration project” in Qujing, Yunnan Province and the “100000 ton / year lithium battery negative electrode material integration project” in Gui’an new area?
A: the “100000 ton / year cathode material integration project” in Qujing, Yunnan Province and the “100000 ton / year lithium battery cathode material integration project” in Gui’an new area are jointly invested and constructed by the company’s holding subsidiary Hunan Zhongke Xingcheng Holding Co., Ltd. (hereinafter referred to as “Zhongke Xingcheng holding”) and Yiwei lithium energy and Contemporary Amperex Technology Co.Limited(300750) respectively, Zhongke Xingcheng holdings holds 60% and 65% equity of the project company respectively. Zhongke Xingcheng holdings was initiated and established by Hunan Zhongke Xingcheng Technology Co., Ltd. (hereinafter referred to as “Zhongke Xingcheng technology”), a wholly-owned subsidiary of the company, and introduced the strategic investor Shenzhen Venture Capital new material fund for manufacturing transformation and upgrading (limited partnership) (hereinafter referred to as “Shenzhen Venture Capital New material fund”), Zhongke Xingcheng technology holds 25% equity of Zhongke Xingcheng holdings, and Shenzhen Venture Capital new materials fund holds 75% equity of Zhongke Xingcheng holdings. According to the capital increase agreement on Hunan Zhongke Xingcheng Holdings Co., Ltd., Shenzhen Venture Capital new materials fund agrees to entrust the corresponding voting rights of 30% equity of Zhongke Xingcheng Holdings held after the capital increase to Zhongke Xingcheng technology, Ensure that Zhongke Xingcheng technology has 55% of the voting rights when holding the shareholders’ meeting, so as to realize Hunan Zhongke Electric Co.Ltd(300035) control over Zhongke Xingcheng holdings and bring it into the scope of consolidated statements.
According to the agreement, Hunan Zhongke Electric Co.Ltd(300035) will choose the opportunity to purchase 75% equity of Zhongke Xingcheng holdings held by Shenzhen Venture Capital new materials fund by means of “issuing shares + paying cash” to purchase assets in the future.
5. Due to the rise of graphitization processing price and raw material purchase price, will the selling price of the company’s cathode material products also increase?
A: Based on the changes of production cost factors such as raw materials, the company will actively cooperate and interact with upstream and downstream, and jointly maintain the sustainable and healthy development of the industrial chain based on the principle of mutual benefit and common overcoming.
6. What is the basis for the company’s estimated demand of 207000 tons of negative electrode materials in 2022 mentioned in the reply report on the examination and inquiry letter of Hunan Zhongke Electric Co.Ltd(300035) application for issuing shares to specific objects?
A: the company’s future downstream customer demand data is calculated based on the purchase intention formed by the framework agreement, business email and communication with customers.
7. Please introduce the development and application of silicon-based materials?
A: silicon based negative electrode is a direction of future development, and its mass application in power battery industrialization needs a process. In recent years, the company has continued to invest in silicon-based anode. At present, the pilot production line has been built and maintained continuous R & D investment.
8. What is the current progress of the company’s issuance of shares to specific objects in 2021? A: on January 18, 2022, the company received the reply on Approving the registration of Hunan Zhongke Electric Co.Ltd(300035) issuing shares to specific objects issued by China Securities Regulatory Commission. The company will handle the matters related to the issuance of shares to specific objects within the specified time limit and fulfill the obligation of information disclosure in time. 9. Please introduce the company’s customer structure and future development plan?
A: the company has maintained long-term good cooperative relations with well-known enterprises in the industry and at home and abroad, such as Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) (catl), AVIC lithium battery, Eve Energy Co.Ltd(300014) , Ruipu energy, Korean ski and ATL. In the future, in addition to continuing to deepen cooperation with existing major customers, the company will actively expand high-quality new customers in the industry. In addition, as an important market that the company strives to explore, the overseas market is expanding as planned.
10. What is the room for cost reduction in the negative electrode material business of the company in terms of cost control? A: the production cost of artificial graphite anode materials is relatively large. The raw materials are mainly coke raw materials such as petroleum coke and needle coke. The company improves the cost advantage by improving the development capacity of raw materials and seeking alternatives to cost-effective raw materials. Graphitization processing is the key link in the production of artificial graphite cathode materials, and it also accounts for a large proportion of production costs. In this regard, the new Acheson graphitization furnace designed and built by the company has the advantages of low power consumption cost, low cost of furnace core consumables and high degree of automation compared with the traditional graphitization processing line. It has a leading advantage and cost advantage in the graphitization processing technology of negative electrode materials in China; At the same time, the company has reduced the construction cost of graphitization production line and improved the utilization rate of graphitization production line through technical and process optimization and upgrading measures; In addition, through the construction of negative electrode material integration project, the company improves the self-sufficiency rate of graphitization, so as to reduce the graphitization processing cost and enhance the competitive advantage.
Annex list (if any) none
Date: March 3, 2022
