10 billion big investment cut into the new energy track, and the share price rose in response to the limit!
On March 28, Gpro Titanium Industry Co.Ltd(000545) announced that it plans to invest in the construction of 200000 t / a battery grade iron phosphate, 200000 t / a lithium iron phosphate and other new energy battery material integration projects in Anhui (Huaibei) new coal chemical synthetic material base, with a total investment of about 10 billion yuan.
Gpro Titanium Industry Co.Ltd(000545) spend 10 billion yuan
investment and construction of new energy battery material integration project
On March 28, Gpro Titanium Industry Co.Ltd(000545) issued an announcement on the construction of new energy battery material integration project. According to the announcement, on March 26, Gpro Titanium Industry Co.Ltd(000545) and Anhui (Huaibei) new coal chemical synthetic material base management committee signed the strategic cooperation framework agreement, which defined the cooperation contents, rights and obligations of both parties.
Gpro Titanium Industry Co.Ltd(000545) said that the company actively responded to the call of the national double carbon goal and strategy, and carried out strong chain extension and chain supplement for the titanium dioxide industry chain. It plans to use ferrous sulfate, a by-product, to build battery grade iron phosphate devices and lithium iron phosphate devices, the cathode material of downstream new energy batteries, to meet the growing demand for lithium iron phosphate for new energy storage and new energy vehicles. Based on the comprehensive advantages of Anhui (Huaibei) new coal chemical synthetic material base in terms of project land, policy, energy consumption and supporting conditions, Gpro Titanium Industry Co.Ltd(000545) plans to build a new energy battery material integration project in the park.
Specifically, the main content of the above strategic cooperation framework agreement is that Gpro Titanium Industry Co.Ltd(000545) plans to invest in the construction of new energy battery material integration project in Anhui (Huaibei) new coal chemical synthetic material base, with a total investment of about 10 billion yuan.
The construction contents include: 200000 t / a battery grade iron phosphate, 200000 t / a lithium iron phosphate, 8000 T / a lithium hexafluorophosphate and 300000 t / A × 2 sulfuric acid production from pyrite, 150000 T / a phosphoric acid, 120000 T / a refined phosphoric acid and its supporting projects. The planned construction period of the project is 2022.9-2027.6, and the project is constructed in three phases.
Gpro Titanium Industry Co.Ltd(000545) pointed out that the signing of this agreement is in line with the national deployment requirements of “carbon peaking and carbon neutralization”, in line with the company’s strategic development plan, plays a positive role in promoting the company’s development of new energy business, is conducive to enhancing the company’s competitiveness and Industry influence, and is conducive to the company’s long-term sustainable development. The impact on the company’s long-term operation depends on the promotion and implementation of subsequent specific business cooperation. The signing of this agreement is not expected to have a significant impact on the company’s financial status and operating performance in the current year.
At the same time, it is also suggested that the strategic cooperation framework agreement signed this time is a cooperation intention agreement. Both parties have reached a preliminary intention on the cooperation mode and investment content, and will promote relevant project work under the guiding principles of this agreement. The specific implementation progress and implementation effect are uncertain.
investors: the pie picture is too big, don’t choke
Affected by the news, Gpro Titanium Industry Co.Ltd(000545) opened the trading limit today. So far, the stock has reported 4.28 yuan, with a total market value of 4.22 billion yuan.
Regarding Gpro Titanium Industry Co.Ltd(000545) plans to invest 10 billion yuan in the new energy battery material integration project, some investors said frankly, “this cake is too big. Can you eat it? Don’t choke.” “Titanium dioxide enterprises have not done a good job in their main business. Instead, they spend 10 billion to bypass new energy?” However, today’s stock price limit still excited many investors.
titanium dioxide enterprises successively set up new energy industry
In addition to titanium, there are also many new energy enterprises Anhui Annada Titanium Industry Co.Ltd(002136) recently said that in recent years, the new energy vehicle and energy storage industry has ushered in broad development space. Benefiting from the high growth of downstream demand and the continuous improvement of the installed proportion of lithium iron phosphate, phosphorus chemical enterprises with upstream resource advantages have crossed the field of new energy batteries and launched in-depth cooperation in mineral resource mining, deep processing, R & D and production of new energy batteries and related materials, Produce and sell new energy batteries and upstream and downstream materials of new energy batteries, and build new energy battery industry chain or whole industry chain cluster.
Iron phosphate is used as the cathode material of lithium iron phosphate. The upstream is titanium dioxide industry of phosphorus chemical industry and comprehensive utilization of waste and by-products. The downstream is mainly used in lithium iron phosphate new energy battery industry, and the end products are used in automobile, ship, energy storage and other new energy industries.
In the later stage, the company will increase investment in new energy industry. In view of the future development prospect of lithium iron phosphate Market and the comprehensive comparative advantages of Tongling Nayuan, the holding subsidiary, in terms of technology, cost and market, in order to further improve scale efficiency and profitability, Tongling Nayuan 50000 T / a battery grade nano iron phosphate reconstruction and expansion project will be completed and put into operation on schedule and achieve good economic benefits. Tongling Nayuan, a holding subsidiary, cooperates with Hunan Yuneng new energy battery materials Co., Ltd. to build another 50000 T / a high-voltage solid iron phosphate project.
Anhui Annada Titanium Industry Co.Ltd(002136) said that the next step would be to accelerate the development of new energy industry and enhance the stamina of enterprise development. Make full use of the raw materials and cost advantages of iron phosphate, promote and implement the layout of new energy industry, strengthen the management of projects under construction, ensure the completion and operation on schedule and the development direction of new energy technology, improve the technology R & D capacity, build an iterative mechanism for product production, reserve and R & D, and improve the market competitiveness of products.
Gpro Titanium Industry Co.Ltd(000545) price increase for many times during the year
performance is expected to improve
On March 10, Gpro Titanium Industry Co.Ltd(000545) announced that since March 11, 2022, the company’s sales price of anatase and rutile titanium dioxide will be increased by 1000 yuan / ton for various Chinese customers and 150 dollars / ton for various international customers on the basis of the original price.
Gpro Titanium Industry Co.Ltd(000545) said that the company would closely track the price trend and changes in supply and demand of titanium dioxide in the international Chinese market, and timely adjust the price of titanium dioxide products. The adjustment of the product price will have a positive impact on the improvement of the company’s overall performance. At the same time, the board of directors of the company reminded investors that the impact of this price increase on sales volume is uncertain, and the duration of the new sales price is uncertain, so there is a risk that the product price will continue to fluctuate.
Previously, on January 5, Gpro Titanium Industry Co.Ltd(000545) also issued an announcement on the price adjustment of the company’s main products. It was also announced that since January 5, 2022, the sales price of anatase and rutile titanium dioxide of the company will be increased by 1000 yuan / ton for various Chinese customers and 150 dollars / ton for various international customers on the basis of the original price. At the same time, the company will closely track the price trend and supply and demand changes of titanium dioxide in the international and Chinese market, and timely adjust the price of titanium dioxide products.
titanium dioxide price increases frequently
high raw materials support the industry boom
Data show that titanium dioxide is an important inorganic chemical pigment, and its main component is titanium dioxide. Titanium dioxide is widely used in coatings, inks, papermaking, plastics and other industries. Among them, the coating industry is the largest downstream demand for titanium dioxide, accounting for 55%.
Affected by cost, demand and other aspects, recently, Lb Group Co.Ltd(002601) , Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Longteng titanium and other companies have successively announced price increases. Since early January 2022, the sales price of various models of titanium dioxide has been increased, with a price increase of up to 1000 yuan / ton.
For the frequent price increase of titanium dioxide, Shengang Securities believes that the rising price of titanium dioxide will play a thickening role in the company’s performance. Considering that the supply and demand of titanium dioxide is still good, the industry boom pattern next year is expected to continue. The supply pattern is still good, and the rising cost is one of the driving forces for the continuous price increase of titanium dioxide. Under the background of the dual control policy of energy consumption and stricter environmental protection, the new capacity is relatively small. In 2021, the effective capacity of the titanium dioxide industry will be released only 1 Ping An Bank Co.Ltd(000001) 50000. At the same time, with the gradual withdrawal of small and medium-sized enterprises, the titanium dioxide industry will usher in an accelerated reshuffle, and the scale advantage of the industry leader will become more prominent.
East Asia Qianhai Securities said that driven by new and old infrastructure, the titanium dioxide industry is expected to boom upward. Recently, the state has successively issued a number of policies to help the development of new infrastructure. The new infrastructure is expected to drive the traditional infrastructure industry to usher in a new round of prosperity. The demand for traditional infrastructure has picked up, and real estate related chemical products such as titanium dioxide are expected to be positive.
In terms of demand, the demand for titanium dioxide has increased steadily in recent years. From 2017 to 2021, the consumption and export volume of titanium dioxide in China showed an upward trend. As an upstream product of the traditional infrastructure supply chain, driven by new and old infrastructure, the demand for titanium dioxide is expected to see further growth in the future. In terms of supply, the supply capacity of titanium dioxide in China has been steadily improved, but the new production capacity in the short term in the future is limited. Recently, affected by the supply side reform of the chemical industry, the new production capacity of titanium dioxide is limited in the short term. In terms of price, the price of titanium dioxide has remained high since 2021. Since the beginning of 2022, prices have continued to rise. As of February 11, 2022, the market price of titanium dioxide in China was 19817 yuan / ton, an increase of 2.1% over the beginning of the year. On the whole, driven by new and old infrastructure, titanium dioxide is expected to remain prosperous in the future.
