In February 2021, Do-Fluoride New Materials Co.Ltd(002407) holding subsidiary Baiyin Zhongtian Chemical Co., Ltd. was recognized as the second batch of “little giant” enterprises specialized in special and new products by the Ministry of industry and information technology, which aroused widespread concern in the market, and Do-Fluoride New Materials Co.Ltd(002407) also became one of the representative enterprises specialized in special and new products in the A-share market.
For the long-term followers of Do-Fluoride New Materials Co.Ltd(002407) , this “halo” is not surprising. Based on independent research and development, Do-Fluoride New Materials Co.Ltd(002407) broke the foreign monopoly in the early years and has independent core intellectual property rights in the main raw materials and production links of high-purity electronic grade hydrofluoric acid, lithium fluoride, lithium hexafluorophosphate and other products. It is one of the few enterprises in the industry with complete independent intellectual property rights and complete production chain.
In 2021, Do-Fluoride New Materials Co.Ltd(002407) achieved an operating revenue of 7.799 billion yuan, with a year-on-year increase of 85.29%, and a net profit attributable to listed companies of 1.26 billion yuan, with a year-on-year increase of 2490.8%. It is one of the “specialized, special and new” enterprises with the highest performance growth in 2021.
Looking back on the development along the way, Li Shijiang grasped the key word of “specialized and new” enterprise development – “innovation” from the development of Do-Fluoride New Materials Co.Ltd(002407) , ” Do-Fluoride New Materials Co.Ltd(002407) follows an innovative development path of technology patenting, patent standardization and standard internationalization. Do-Fluoride New Materials Co.Ltd(002407) has nearly 1000 patents and more than 30 computer software copyrights, which constitutes Do-Fluoride New Materials Co.Ltd(002407) ‘s independent intellectual property system and Do-Fluoride New Materials Co.Ltd(002407) ‘s core competitiveness.”
\u3000\u3000 “Now Do-Fluoride New Materials Co.Ltd(002407) is at a key historical node, that is, the dual revolution of energy and digital. With the high digitization of social development, Do-Fluoride New Materials Co.Ltd(002407) stands at the intersection of energy revolution and digital revolution. On the one hand, our products comply with the needs of social development, contribute to the cause of new energy and play a leading role in innovation; on the other hand, Do-Fluoride New Materials Co.Ltd(002407) will also focus on Digitization and base the construction of new energy system on digital On the digital platform. ” Li Shijiang said.
independent intellectual property system is the core competitiveness
As an important part of building China into a manufacturing power, “specialized and special new” enterprises undertake the historical mission of making up the “short board” of the supply chain and realizing China’s goal of high-quality industrialization.
Relying on the “gene” driven by innovation, “high growth” is the development commonality of many “specialized and special new” enterprises, Do-Fluoride New Materials Co.Ltd(002407) is the representative enterprise among them. Following the performance growth of nearly 25 times in 2021, Do-Fluoride New Materials Co.Ltd(002407) is expected to deliver another quarterly report of “amazing” market in the first quarter of 2022.
On March 10, Do-Fluoride New Materials Co.Ltd(002407) released the performance forecast for the first quarter of 2022. It is estimated that the net profit will be 700 million yuan – 730 million yuan, an increase of 650.55% – 682.72% over the same period of the previous year Do-Fluoride New Materials Co.Ltd(002407) said that the net profit increased significantly compared with the same period of the previous year, mainly due to the continuous improvement of the development trend of the new energy industry and the strong market demand for lithium hexafluorophosphate, the core product of the new materials business segment. With the new production capacity gradually reaching the production capacity, the profitability increased significantly.
Behind the high growth data, it is inseparable from Do-Fluoride New Materials Co.Ltd(002407) long-term technology investment and innovation accumulation. Over the past six years, the R & D investment of Do-Fluoride New Materials Co.Ltd(002407) has exceeded 100 million yuan. In 2021, the R & D investment of Do-Fluoride New Materials Co.Ltd(002407) reached 342 million yuan.
According to Li Shijiang, at present, an important investment in the innovation field of the company lies in the platform investment, that is, to build an innovation driven platform. The company has signed long-term cooperation agreements with more than 30 units such as Tsinghua University, Beijing University of chemical technology, Xiamen University, Institute of process, Institute of orchid chemistry, Institute of Qingdao, Institute of Salt Lake, Zhengzhou University and Henan University of technology to carry out project technology research and development, Promote the transformation of innovative achievements.
“In terms of innovation, we stand on the periodic table of elements and conduct systematic research on lithium, fluorine, silicon and other elements. These innovation platforms are Do-Fluoride New Materials Co.Ltd(002407) important innovation organizational structures. Through cooperation with these platforms of universities and research institutes, we have accumulated a large number of advanced technologies and provided a foundation for the introduction of talents in many aspects.” Li Shijiang said.
In October 2021, the “fluorine based new materials industry research institute” led by Do-Fluoride New Materials Co.Ltd(002407) has been listed as a major platform for industrial innovation in Henan Province and officially unveiled a few days ago.
“This year, we will continue to increase investment in innovation platforms. In the future, we will build the fluorine-based functional materials innovation center into a national manufacturing innovation center to support the innovation and development of the industry. We will maintain the investment intensity and the construction of investment platforms. In addition, we also hope to introduce more talents through the investment platform to keep us in a leading position in technology.” Li Shijiang further pointed out.
ironing the industry cycle with innovation
In addition to continuous overweight and innovation, Do-Fluoride New Materials Co.Ltd(002407) also actively uses the power of the capital market to accelerate the expansion of production.
Since the second half of 2020, thanks to the resonant growth of global new energy vehicles, the demand for lithium hexafluorophosphate has increased rapidly.
In May 2021, Do-Fluoride New Materials Co.Ltd(002407) with a fixed increase of 1.15 billion yuan was successfully issued for the project of 30000 tons of ultra clean and high-purity electronic grade hydrofluoric acid, 30000 tons of ultra clean and high-purity wet electronic chemicals, 30000 tons of high-performance anhydrous aluminum fluoride technological transformation project and replenishing working capital.
On November 25, 2021, Do-Fluoride New Materials Co.Ltd(002407) reissued the announcement that it was planned to raise funds for the new electrolyte lithium salt project with an annual output of 100000 tons, of which the planned capacity of lithium hexafluorophosphate was 80000 tons, and the planned capacity of lifsi (lithium difluorosulfimide) and lithium difluorophosphate were 10000 tons respectively.
“Without the support of the capital market, our innovation can not reach the current level. From the perspective of long-term development, investors in the capital market believe that we have better prospects to invest in us. Through the support of the capital market, we continue to innovate and develop and create a better future.” Li Shijiang said.
It is worth mentioning that behind the accelerated expansion of Do-Fluoride New Materials Co.Ltd(002407) production, there is also a deep-seated logic of the company’s practice of leading responsibility and ironing industry cycle.
\u3000\u3000 “We believe that any new thing, including the elements of innovation and the accumulation of Do-Fluoride New Materials Co.Ltd(002407) innovative products, must go through three stages. The first stage is policy driven. Driven by national policies, the new energy industry develops rapidly, and then enters the second stage – market driven. This stage will eliminate some profit seekers and make some excellent enterprises grow faster. Then the market will enter the third stage Paragraph – innovation driven enterprises that adhere to innovation can really play their role. ” Li Shijiang said.
In Li Shijiang’s view, Do-Fluoride New Materials Co.Ltd(002407) precisely through mastering the core technology of lithium hexafluorophosphate, it has made itself have the core competitiveness, “Due to the mismatch of resources and supply and demand, lithium hexafluorophosphate is in short supply. However, due to our insufficient estimation of the development speed of new energy, our production capacity has not kept up quickly. At this time, we must meet the market demand and iron the development cycle of the market by expanding production and iteratively developing new products and technologies.
”
Li Shijiang has unique views on the ironing industry cycle. At the peak of the market, reach a long-term mutually beneficial and win-win cooperative relationship with strategic partners by rational product pricing, meet the strong market demand by means of long-term orders, actively balance market supply and demand, and obtain corresponding profit space to meet the demand of innovation, forming a virtuous circle. When the market is at a trough, use the locked customers and prices to ensure certain profit support. While locking the downstream market, we should make use of the core competitiveness and the expansion ability of the industrial chain to enhance the attraction and adhesion to the upstream and downstream customers of the supply chain, so as to lock the whole industrial chain. This is a comprehensive decision made by Do-Fluoride New Materials Co.Ltd(002407) standing at the height of long-term, healthy and scientific development of the industry. It is the responsibility and mission of a responsible entrepreneur and the wisdom and pattern that industry leaders should have.
In addition, Li Shijiang also believes that all products are driven by innovation, Do-Fluoride New Materials Co.Ltd(002407) also needs to continuously realize technological iteration and improve the input-output ratio through technological accumulation and optimization.
It is worth mentioning that while Do-Fluoride New Materials Co.Ltd(002407) continues to expand production and tries to iron the industry cycle with innovation, the cost of upstream raw materials keeps rising. In addition to the high cost pressure, many market participants are worried that it may put pressure on the company’s performance.
However, in Li Shijiang’s view, with the continuous innovation of the company’s products and more mature technology, the cost can be controlled. In addition, the company also locked in some raw materials to control the overall cost of the product.
\u3000\u3000 “Our supply chain is basically healthy. On the one hand, Do-Fluoride New Materials Co.Ltd(002407) lithium hexafluorophosphate has sufficient market competitiveness and many enterprises are willing to invest in us. We extend our investment to downstream industries and lock the price of partners through investment; on the other hand, we have cooperative relations with some domestic and foreign suppliers, including lithium carbonate suppliers, and have signed long orders and quantity locks All prices. ” Li Shijiang said.
focus on “neck” project
2022 is an important year connecting the preceding and the following in the 14th five year plan.
Do-Fluoride New Materials Co.Ltd(002407) also set goals for the development of the new year. “We hope to continue to expand the scale of market supply. By the end of this year, the annual production capacity of lithium hexafluorophosphate will be 55000 tons, and we have obtained most orders.” Li Shijiang introduced.
In addition, at the 2021 performance presentation meeting, Do-Fluoride New Materials Co.Ltd(002407) also proposed to focus on the “neck” project in the future, give full play to the advantages of core technology and tackle key problems of green and low-carbon technology for the country.
“Previously Do-Fluoride New Materials Co.Ltd(002407) has combined fluorine and lithium on the periodic table to develop lithium hexafluorophosphate, which has broken the foreign monopoly and has a certain influence in the world. In the future, our products in the new energy industry will continue to expand and develop more products, such as lithium difluorosulfimide (lifsi) , lithium difluorophosphate, fluorinated vinyl carbonate and other products. We are studying some new product sequences involving new energy. ” Li Shijiang introduced.
Li Shijiang also pointed out that Do-Fluoride New Materials Co.Ltd(002407) has also made a lot of discussions on sodium ion batteries, “In the future, we will invest more energy in the research of power cells and further study the elements in fuel cells, such as hydrogen. We do the combination of hydrogen and fluorine, such as hydrofluoric acid. We have done some technical storage on hydrogen fuel cells, such as the research on the ion membrane inside, how hydrogen operates under the condition of ion membrane, etc.”
In addition to the new energy industry chain, Li Shijiang also put forward a slogan – “the interaction of fluorine and silicon constitutes one of the foundations of the semiconductor industry”, which is expected to promote the “key problems” of China’s information industry and semiconductor industry.
\u3000\u3000 “In the field of semiconductor industry, Do-Fluoride New Materials Co.Ltd(002407) ‘s research is mainly to make the element fluorine, including electronic grade hydrofluoric acid, to the utmost, and continuously reduce the impurity content of electronic grade hydrofluoric acid to meet the needs of semiconductor industry. In addition, we also acquired Zhejiang Zhongning silicon industry, which is one of the few electronic grade silane manufacturers in China that can apply products to semiconductor, TFT, photovoltaic industry and coated glass industry at the same time. In the future, we will With the development of electronic grade hydrofluoric acid, including a series of neck products such as ammonium fluoride and ammonia hydrogen fluoride, the impact on the semiconductor industry will be greater and greater. ” Li Shijiang said.
According to public information, at present, China’s chip industry has received strong support from the state, Do-Fluoride New Materials Co.Ltd(002407) with patents related to the production of anhydrous hydrofluoric acid and electronic hydrofluoric acid, leading the industry in terms of production technology and cost control, and is one of the few enterprises in China with up-sss electronic hydrofluoric acid production technology and export.
At present, the company’s electronic grade hydrofluoric acid has successfully entered the semiconductor field and established long-term and stable cooperative relations with semiconductor enterprises at home and abroad. At present, the company’s annual output of 30000 tons of ultra clean high-purity electronic grade hydrofluoric acid project has been fully started, and the construction is fully carried out according to the plan.
According to Li Shijiang, Do-Fluoride New Materials Co.Ltd(002407) the last round of fixed growth was mainly aimed at the field of electronic information materials in the semiconductor industry. “We will put into production in the second half of this year and make our contribution to the market. We have made full preparations and our products have been recognized by customers at home and abroad.”
“There is a term in the field of semiconductor industry, which is called ‘getting started in five years and grinding a sword in ten years’. Do-Fluoride New Materials Co.Ltd(002407) after more than ten years of efforts, we are only one step away from grinding a sword. At this time, we will strive to meet the needs of China’s semiconductor industry through the development of electronic chemicals.” Li Shijiang said.
