Lithium battery separator prices drop -Lithium - Ion Battery Equipment
On the evening of July 3, Innovation Shares (002812, SZ) announced that the company plans to implement the Wuxi Enjie New Material Industry Base Project in Xishan Economic and Technological Development Zone, Wuxi City, Jiangsu Province by its wholly-owned subsidiary Wuxi Enjie New Material Technology Co., Ltd. Project funds are resolved through self-owned funds and self-raised funds. The project will be constructed in phases. The total investment of the first phase of the project is 2.2 billion yuan.
Innovation shares said that they are optimistic about the rising market demand for lithium-ion battery separators, and the investment is to further expand the company's production of wet-process lithium-ion battery separators. However, it also prompts corresponding risks: due to the long project cycle, it will take a long time for benefits to appear, and there are many uncertainties in market changes and the project itself. At the same time, the company's self-raised billions of capital investment will increase its own financial risks.(Lithium - Ion Battery Equipment)
Expansion of lithium battery separators
Innovation shares announced that the company intends to implement the Wuxi Enjie New Material Industry Base Project in Xishan Economic and Technological Development Zone, Wuxi City, Jiangsu Province by its wholly-owned subsidiary Wuxi Enjie New Material Technology Co., Ltd. (hereinafter referred to as Wuxi Enjie). The project is planned and constructed. 16 fully automatic imported film production lines, 40 coating production lines and 5 imported aluminum plastic film production lines. At present, the project approval, environmental impact assessment, planning, land use, construction and other matters required for project construction and production and operation still need to be approved by the relevant competent authorities.
Innovation shares said that the rapid development of the new energy vehicle industry has driven the market for lithium-ion battery separators to continue to rise. Investing in this project can better meet the needs of the company's products in the mid-to-high-end market for lithium-ion battery separators and enhance the company's overall strength.
A person related to Innovation Shares told the "Daily Economic News" reporter on July 4 that the investment in this project is to expand the production of wet-process lithium-ion battery separators.
In terms of business, the main business of Innovation Co., Ltd. includes paper printing, liquid beverage packaging (aseptic packaging), BOpp film, and deep processing of high-end packaging paper. Among them, BOpp flat film business accounted for 25.97% of its revenue last year; BOpp cigarette film accounted for 22.50%; aseptic packaging accounted for 18.22%; cigarette labels accounted for 13.06%; special paper accounted for 11.82%.
From 2015 to 2017, the operating income of innovation shares was 1.131 billion yuan, 1.146 billion yuan and 1.220 billion yuan respectively; the net profit attributable to the parent was 150 million yuan, 165 million yuan and 155.9 million yuan respectively.
The "Wuxi Enjie New Material Industry Base Project" project has a relatively large investment amount. The investment in the first phase of the project is 2.2 billion. The source of funds is the self-owned funds and self-raised funds of Chuangxin. Innovation shares said that the investment will reduce the company's cash flow and increase financial risks. In addition, if the company's financing is not in place in a timely manner, the project progress will be affected.
Lithium battery separator market is fiercely competitive
For the wet-process diaphragm industry, a research report from CITIC Securities stated that the industry demand is entering the fast lane, the leader is preconceived, and the pattern is clear. The wet process diaphragm market is currently 330 million square meters and is forecast to reach 1.11 billion square meters in 2020.
Innovation shares said that they are optimistic about the rising market demand for lithium-ion battery separators, and the investment is to further expand the company's production of wet-process lithium-ion battery separators. However, it also prompts corresponding risks: due to the long project cycle, it will take a long time for benefits to appear, and there are many uncertainties in market changes and the project itself. At the same time, the company's self-raised billions of capital investment will increase its own financial risks.(Lithium - Ion Battery Equipment)
Expansion of lithium battery separators
Innovation shares announced that the company intends to implement the Wuxi Enjie New Material Industry Base Project in Xishan Economic and Technological Development Zone, Wuxi City, Jiangsu Province by its wholly-owned subsidiary Wuxi Enjie New Material Technology Co., Ltd. (hereinafter referred to as Wuxi Enjie). The project is planned and constructed. 16 fully automatic imported film production lines, 40 coating production lines and 5 imported aluminum plastic film production lines. At present, the project approval, environmental impact assessment, planning, land use, construction and other matters required for project construction and production and operation still need to be approved by the relevant competent authorities.
Innovation shares said that the rapid development of the new energy vehicle industry has driven the market for lithium-ion battery separators to continue to rise. Investing in this project can better meet the needs of the company's products in the mid-to-high-end market for lithium-ion battery separators and enhance the company's overall strength.
A person related to Innovation Shares told the "Daily Economic News" reporter on July 4 that the investment in this project is to expand the production of wet-process lithium-ion battery separators.
In terms of business, the main business of Innovation Co., Ltd. includes paper printing, liquid beverage packaging (aseptic packaging), BOpp film, and deep processing of high-end packaging paper. Among them, BOpp flat film business accounted for 25.97% of its revenue last year; BOpp cigarette film accounted for 22.50%; aseptic packaging accounted for 18.22%; cigarette labels accounted for 13.06%; special paper accounted for 11.82%.
From 2015 to 2017, the operating income of innovation shares was 1.131 billion yuan, 1.146 billion yuan and 1.220 billion yuan respectively; the net profit attributable to the parent was 150 million yuan, 165 million yuan and 155.9 million yuan respectively.
The "Wuxi Enjie New Material Industry Base Project" project has a relatively large investment amount. The investment in the first phase of the project is 2.2 billion. The source of funds is the self-owned funds and self-raised funds of Chuangxin. Innovation shares said that the investment will reduce the company's cash flow and increase financial risks. In addition, if the company's financing is not in place in a timely manner, the project progress will be affected.
Lithium battery separator market is fiercely competitive
For the wet-process diaphragm industry, a research report from CITIC Securities stated that the industry demand is entering the fast lane, the leader is preconceived, and the pattern is clear. The wet process diaphragm market is currently 330 million square meters and is forecast to reach 1.11 billion square meters in 2020.
