On April 22, Zhejiang Huayou Cobalt Co.Ltd(603799) ( Zhejiang Huayou Cobalt Co.Ltd(603799) ) announced the annual report of 2021, realizing the best business performance in the history of the company, and the capacity of lithium battery sector increased rapidly Zhejiang Huayou Cobalt Co.Ltd(603799) said that the company is one of the enterprises with the richest varieties of cobalt products, lithium cathode materials and ternary precursor products in China. The industry prospect of the company is very bright. It continues to fully implement the “two innovations and three modernizations” strategy, transforming and developing the company from a global leader in the cobalt industry to a global leader in the new energy lithium battery materials industry.
According to the announcement, Zhejiang Huayou Cobalt Co.Ltd(603799) “two new” refers to new energy lithium battery materials and new cobalt materials. On the basis of the application in the original 3C lithium battery field, they have entered the energy fields such as automobile power battery and energy storage battery, while new cobalt materials remain in the lead; “Three modernizations” refer to high-end products, industrial integration and internationalization of operation.
In 2021, Zhejiang Huayou Cobalt Co.Ltd(603799) achieved the third operating revenue of 10 billion yuan, with an amount of about 35.317 billion yuan, creating the best operating performance in history, and realized a net profit attributable to the parent company of 3.898 billion yuan, a year-on-year increase of 234.59%. Specifically, Zhejiang Huayou Cobalt Co.Ltd(603799) produced 65406 tons of precursors in the whole year, with a year-on-year increase of 88.44%; 54767 tons of cathode materials were produced, with a year-on-year increase of 96.46%; 36513 tons of cobalt products were produced, with a year-on-year increase of 9.44%; 102893 tons of copper products were produced, with a year-on-year increase of 4.32%.
According to the annual report, Zhejiang Huayou Cobalt Co.Ltd(603799) is currently the largest supplier of cobalt products in China, and its production and marketing scale ranks first in the world; The company’s strategic layout is the development of nickel and cobalt resources in Indonesia, and has obvious industry-leading advantages in the stable supply of low-cost raw materials for new energy lithium battery materials; At the same time, the company is also one of the main suppliers of lithium cathode materials and ternary precursor products in China, and its production and marketing scale and technology development capacity are in the forefront of the industry.
In terms of customers, Zhejiang Huayou Cobalt Co.Ltd(603799) has established a stable cooperative relationship with major downstream customers in the industry, ensuring smooth sales and high-end application of products. Among them, Zhejiang Huayou Cobalt Co.Ltd(603799) some ternary precursor products are applied to Volkswagen MEB platform, Renault Nissan Alliance, Volvo, Ford and other world-famous automobile enterprises through posco-lgc battery industry chain Zhejiang Huayou Cobalt Co.Ltd(603799) high nickel cathode materials have greatly increased the supply of LG new energy and catl, which are respectively used in the automobile industry chain of world-famous brands. Multi element high nickel, ultra-high nickel and medium nickel single crystal high voltage series cathode new products have entered LG new energy, catl, Eve, Funeng and other important customers and automobile industry chain respectively. In March 2022, Zhejiang Huayou Cobalt Co.Ltd(603799) also reached a strategic cooperation intention with Volkswagen (China) and Qingshan Holding Group on the upstream and downstream cooperation of power battery cathode material industry chain, so as to jointly build an integrated manufacturing platform of new energy lithium battery materials with international competitiveness.
Zhejiang Huayou Cobalt Co.Ltd(603799) said that after more than ten years of development and accumulation, it has completed the spatial layout of headquarters in Tongxiang, resource guarantee abroad, manufacturing base in China and market in the world, forming an industrial pattern of integrated and coordinated development of resources, nonferrous metals and new energy. The three businesses form a vertically integrated industrial chain within Zhejiang Huayou Cobalt Co.Ltd(603799) itself. At the same time, the company is also laying out recycling business and making every effort to build a new energy lithium battery industry ecology from cobalt and nickel resource development, green smelting and processing, ternary precursor and cathode material manufacturing to resource recycling.
At the same time, the management of cobalt is very confident to become a “leader in the new energy industry in the world”, and strive to consolidate the prospect of lithium industry Zhejiang Huayou Cobalt Co.Ltd(603799) disclosed that under the background of the great development of new energy lithium battery industry and intelligent terminal industry represented by 5g, the new energy lithium battery material industry and cobalt nickel new material industry are emerging industries supported by national development strategies and industrial policies, and the company’s products are essential core materials for new energy materials such as ternary power batteries.
It is worth mentioning that Zhejiang Huayou Cobalt Co.Ltd(603799) in recent years, it has continuously increased investment in scientific research, significantly improved its innovation ability, accelerated breakthroughs in technological progress, and innovation drives the high-quality development of the company. Huayou new energy was selected into the list of “small giant” enterprises specialized in special and new products of the Ministry of industry and information technology and included in the future factory plan of Zhejiang Province. The company’s chinmo technology was recognized as a national technological innovation demonstration enterprise in 2021, and Chengdu BAMO was selected into the “special and new” small and medium-sized enterprises in Sichuan Province in 2021. In addition, Zhejiang Huayou Cobalt Co.Ltd(603799) “high voltage Co3O4 technology” and “battery material short-range green key technology” won the first prize of scientific and technological progress in non-ferrous metal industry in 2021, “cobalt oxide manufacturing method” became the first Chinese patent Excellence Award in the industry, “cobalt product series (cobalt sulfate, cobalt hydroxide)” and “ncm811” precursors and other key products were rated as excellent industrial products in Zhejiang Province.
