Crown Advanced Material Co.Ltd(688560) on January 26, the plan for issuing A-Shares to specific objects in 2022 was released. The company plans to issue no more than 4922632 shares to no more than 35 specific objects, and the total amount of funds raised is no more than 2 billion yuan (including this amount). The net amount of funds raised after deducting relevant issuance expenses is intended to be used for 300 million square meters of aluminum-plastic film project for lithium battery 100 million square meters of fluorine-free backplane construction project and supplementary working capital.
According to the plan, Crown Advanced Material Co.Ltd(688560) the fund-raising will be invested in the construction project of aluminum-plastic film with an annual output of 200 million square meters of mingguan lithium film company, the construction project of aluminum-plastic film with an annual output of 100 million square meters of mingguan lithium film company, the construction project of fluorine-free backplane with an annual output of 120 million square meters of Jiaming film company and the supplementary working capital of 400 million yuan. The total investment of the above projects is more than 2.97 billion yuan.
For the photovoltaic backplane project, Crown Advanced Material Co.Ltd(688560) believes that the fund-raising project will focus on the company's Bo fluorine-free backplane products. The Bo fluorine-free backplane is developed by the company based on the self-developed m membrane and does not use fluorine membrane, so it is more environmentally friendly than the traditional backplane. The company's Bo fluorine-free backplane has successfully passed the harsh environmental reliability test of TUV and other third-party certification institutions. It has high cost performance and safety reliability, and is exported to Singapore, South Korea, India and other countries. Under the continuous promotion of Bo fluorine-free backplane, the sales revenue of Bo fluorine-free backplane products of the company reached 187997600 yuan from January to September 2021, accounting for 23.13% of the backplane revenue. After the implementation of the raised investment project, the sales proportion of Bo fluorine-free backplane products will further increase, help the transformation of the company's product revenue structure and improve the company's overall competitiveness.
For the aluminum-plastic film project, Crown Advanced Material Co.Ltd(688560) said that the company is one of the earliest enterprises in China to independently develop aluminum-plastic film products. The dry heat composite preparation technology of aluminum plastic film developed by the company is the first in China. It has achieved mass production and can meet the performance requirements of lithium batteries in different fields such as 3C, power and energy storage. At the same time, under the huge cost reduction pressure, soft pack battery manufacturers began to try domestic aluminum-plastic film products with greater price advantages. This raised investment project will help the company quickly improve the production capacity of aluminum-plastic film products, further reduce the cost of aluminum-plastic film through scale advantages, improve the company's market competitiveness in the aluminum-plastic film industry, accurately grasp the domestic substitution trend and comply with the expansion needs of downstream industries.
Crown Advanced Material Co.Ltd(688560) said that in order to enter the supply chain system of downstream soft pack battery manufacturers as soon as possible and improve market share, the company has established a customer development route driven by power / energy storage aluminum-plastic film and assisted by high-end digital aluminum-plastic film. At present, the company's aluminum-plastic film batch sales customers include Ganfeng Lithium Co.Ltd(002460) , Pylon Technologies Co.Ltd(688063) , Zhejiang Narada Power Source Co.Ltd(300068) and other large enterprises in the industry. At the same time, in order to continuously optimize the customer structure of power and energy storage, the company actively expands potential high-quality customers. Now Farasis Energy (Gan Zhou) Co.Ltd(688567) is delivered in small quantities, and has entered the last round of testing stage of Byd Company Limited(002594) and the second round of testing stage of ATL. In the future, the company will continue to tap key customers in the industry and expand the market scale with excellent product quality. The company's accumulated high-quality customer resources and clear marketing strategy will provide a good guarantee for the profitability sustainability of the company's aluminum-plastic film products. (Huangpu River)
