On April 19, Tongguan copper foil released its annual report for 2021. The company achieved an operating revenue of 4.082 billion yuan, a year-on-year increase of 65.92%; The net profit attributable to shareholders of listed companies was 368 million yuan, a year-on-year increase of 412.46%.
It is reported that the company is mainly engaged in the R & D, manufacturing and sales of all kinds of high-precision electronic copper foil. The main products are classified according to application fields, including PCB copper foil and lithium battery copper foil. During the reporting period, the company has 50 patents, including 25 invention patents and 25 utility models.
As of the disclosure date of the report, the company has a total capacity of 45000 tons / year of electronic copper foil products, including 25000 tons / year of PCB copper foil, 20000 tons / year of lithium battery copper foil and 10000 tons / year of PCB copper foil under construction. The company has established long-term cooperative relations with well-known enterprises in the industry in the field of PCB copper foil and lithium battery copper foil, and has obtained the supplier certification of these enterprises. The company’s customers in the field of PCB copper foil include Shengyi Technology Co.Ltd(600183) , Taiwan electronics technology, Taiwan optoelectronics, Nanya New Material Technology Co.Ltd(688519) and others, and the customers in the field of lithium battery copper foil include Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) , etc.
During the reporting period, benefiting from the rapid development of the downstream new energy industry and the overall recovery of the electronic information industry, the downstream market demand continued to recover, and the copper foil processing fee rose steadily. At the same time, in the face of adverse factors such as the sharp rise in the price of cathode copper and other raw materials, power restriction and repeated epidemics, the management of the company United and led all employees to seize market opportunities, do solid work, promote the steady recovery of the company’s production and operation, achieve substantial growth in business performance, and set a record high in output, income and profit. The annual output of copper foil was 41006 tons, a year-on-year increase of 14.91%, and the annual sales of copper foil was 41064 tons, a year-on-year increase of 16.04%.
Tongguan copper foil said that in the future, the company will implement the five development concepts of “innovation, coordination, green, openness and sharing”, take high-quality development as the theme, deeply implement innovation driven development, serve the digital economy, thickly plant the electronic information industry, intensively cultivate the new energy industry, and strive to become stronger, better and bigger. Strengthen technological innovation, promote product upgrading, optimize product structure, and increase the proportion of 5g copper foil, ultra-thin lithium battery foil and other high-end products; Promote the construction of new projects, strengthen technological innovation, constantly improve product competitiveness and improve business efficiency.
