Xiamen tungsten new energy landing board is just around the corner.

At present, the market competition of lithium cathode materials tends to be white-hot. More and more cathode material enterprises expect to use IPO to expand production capacity, enhance R & D strength, maintain stable cash flow, and enhance the comprehensive competitiveness of the company.

According to the prospectus, from 2017 to 2019, sales of lithium cobalt and nickel-cobalt-manganese ternary materials, the main products of Xiamen tungsten new energy, increased from 16000 tons to 39500 tons, with an average annual compound growth rate of 57.04 percent. Among them, the operating income of lithium cobalt products accounted for 75.52%, 69.13% and 63.59% of the main business income respectively, and the gross profit margin was 10.78%, 8.26% and 2.89%, respectively.

In terms of power battery customers, the company has established stable cooperative relations with well-known battery companies such as Panasonic, BYD, Ningde Times, AVIC Lithium, Yiwei Lithium Energy and Guoxuan Hi-Tech.

At present, Xiamen Tungsten New Energy has the continuous R & D and large-scale production capacity of high-voltage lithium cobalt, high-performance Ni-Co-mn ternary materials. According to the statistics of China Chemical and physical Power Industry Association, Xiamen tungsten new energy ranked first in the market share of lithium cobalt oxide cathode materials in 2018 and 2019, and ranked the top five in the nickel-cobalt-manganese ternary material market.