An enterprise transformed from suit to lithium battery has obtained joint shares of Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) .
On April 19, Ningbo Shanshan Co.Ltd(600884) announced that through its wholly-owned subsidiary, Ningbo Shanshan New Energy Technology Development Co., Ltd. signed a strategic investment agreement with four strategic investors – Ningbo wending Investment Co., Ltd. (a wholly-owned subsidiary of Contemporary Amperex Technology Co.Limited(300750) ), Byd Company Limited(002594) , Ningde New Energy Technology Co., Ltd. (ATL) and Petrochina Company Limited(601857) group Kunlun Capital Co., Ltd, Increase the capital of Shanghai Shanshan lithium battery material technology Co., Ltd. (hereinafter referred to as Shanghai Shanshan lithium battery), a subsidiary of Ningbo Shanshan Co.Ltd(600884) holding, with a total amount of 3.05 billion yuan, and subscribe for Shanghai Shanshan lithium battery with a total additional registered capital of 305 million yuan.
After the capital increase, the registered capital of Shanghai Shanshan lithium battery will be changed from 877 million yuan to 1.182 billion yuan, while Ningbo Shanshan Co.Ltd(600884) the shareholding ratio of Shanghai Shanshan lithium battery will be changed from 89.99% to 87.08%, and Shanghai Shanshan lithium battery will still be Ningbo Shanshan Co.Ltd(600884) holding subsidiary.
Behind Zeng Yuqun and Wang Chuanfu’s joint stake
The announcement said that the capital increase and share expansion of Shanghai Shanshan lithium battery is mainly based on the rapid growth of the market demand for lithium battery cathode materials and the company’s cathode material business development plan, which will help to optimize its asset liability structure, reduce financial costs, enhance capital strength and provide financial guarantee for the expansion of cathode material business.
In response, Ningbo Shanshan Co.Ltd(600884) chairman Zheng Yonggang told the SciDev board daily, “this cooperation brings together leading enterprises in the upstream and downstream of lithium new energy industry, which will greatly promote the development of Shanshan cathode materials. The company will seize the opportunity to speed up the construction of industrial base, expand the graphitization, carbonization and finished product capacity of cathode materials, accelerate the development of cutting-edge products, and further promote cost reduction and efficiency enhancement.”
according to the staff of Ningbo Shanshan Co.Ltd(600884) securities department, “the company and the four strategic investors have cooperation in different fields. At the same time, the cooperation is mainly concentrated in the field of artificial graphite.”
According to the annual report and Prospect of lithium battery cathode material market in 2021 released by ICC Xinlu information, the output of cathode materials in China was 815900 tons in 2021, and the global market share further increased. Among them, the output of Shanshan artificial graphite cathode material ranks first in the world.
performance, financial report shows that in 2021, Ningbo Shanshan Co.Ltd(600884) achieved operating revenue of 20.699 billion yuan, a year-on-year increase of 151.94%; The net profit attributable to the parent company was 3.34 billion yuan, a year-on-year increase of 2320%.
Ningbo Shanshan Co.Ltd(600884) said, “the reason for the change of operating income is that the production and sales volume of lithium-ion panels increased during the reporting period, and the sales revenue increased year-on-year; at the same time, the company completed the acquisition of LCD polarizer business and included it into the scope of merger; and the company completed the sale of some equity of Shanshan energy, and the investment income increased year-on-year.”
production capacity, as of the end of the reporting period, Ningbo Shanshan Co.Ltd(600884) finished cathode material production capacity was 120000 tons and graphitization capacity was 42000 tons. “The self-sufficiency rate of graphitization of negative electrode materials of the company still has great room for improvement. At present, the production capacity can not meet the market demand.” Ningbo Shanshan Co.Ltd(600884) frankly.
With the rapid development of lithium battery new energy industry, Shanshan lithium battery cathode material is accelerating the pace of capacity expansion.
The reporter of the science and Innovation Board daily learned that at present, the phase II project of Shanshan lithium battery Baotou 100000 ton integrated chemical plant is in the stage of rapid ramp up of production capacity. It is expected that the production capacity will be fully released in the second quarter. At that time, there will be 180000 tons of effective production capacity of cathode products and 94000 tons of graphitization capacity; Sichuan Meishan 200000 ton integrated base phase I project is accelerating the construction of 100000 ton graphitization capacity, which is expected to be put into operation in the second half of the year
Lithium negative electrode material “rises in the wind”?
At present, as one of the four key materials of lithium battery, negative electrode material accounts for about 8% of the manufacturing cost of lithium battery. Artificial graphite has better cycle performance, safety performance and charge discharge ratio, and is mostly used in power batteries.
According to the data of xinlune information, the global output of negative electrode materials was 882700 tons in 2021, with a year-on-year increase of 63%; China’s output of negative electrode materials was 815900 tons, a year-on-year increase of 76%. Among them, artificial graphite accounts for 76%.
The process of artificial graphite anode is complex, and graphitization is the key link of production and preparation.
some industry analysts told the reporter of the science and Innovation Board daily, “many negative electrode enterprises are stepping up graphitization construction to improve the self-sufficiency rate, which is expected to enhance the profitability of a single ton.”
however, in 2021, although the output of negative electrode materials in China increased significantly, its price also increased. This is mainly due to the imbalance between supply and demand caused by the insufficient supply of graphitization. The graphitization price rises sharply and is transmitted to the finished end of negative electrode materials
Huaan Securities Co.Ltd(600909) research shows that under the background of high downstream demand, the dual control policy of energy consumption slows down the release rate of supply side capacity. It is estimated that the supply and demand gap of graphitization will remain in 2022 and 2023, and the graphitization price will remain high.
“due to the strong demand for lithium batteries in downstream electric vehicles, energy storage market, electric tools and other fields, the negative material industry may continue to grow rapidly in the future. At the same time, the negative material industry will continue to face the problems of tight graphitization supply, high prices, tight supply of raw materials and rising prices in the first half of 2022.” Ningbo Shanshan Co.Ltd(600884) said
Citic Securities Company Limited(600030) research shows that the permeability of artificial graphite is increasing, and the trend will continue cost control has gradually become the core concern of negative electrode enterprises
According to statistics, at present, listed companies related to lithium battery cathode materials include: Shanghai Putailai New Energy Technology Co.Ltd(603659) , beiteri, Ningbo Shanshan Co.Ltd(600884) , Shenzhen Xfh Technology Co.Ltd(300890) , Hunan Zhongke Electric Co.Ltd(300035) , etc.
With the rapid development of the new energy industry, many new entrants enter the lithium battery material industry to compete through direct investment, industrial transformation or mergers and acquisitions. At the same time, the existing lithium battery material enterprises have also expanded their production capacity, and the market competition is becoming increasingly fierce.
“in the face of increasing market competition, enterprises need to continuously enhance their competitiveness through technological innovation, product upgrading, lean management and full mobilization of industrial chain resources.” Insiders said
