Ganfeng Lithium Industry made a net profit of 1.025 billion last year and plans to expand its lithium iron phosphate battery capacity to 3GWh.

On the evening of March 30th, Ganfeng Lithium Industry (002460) disclosed its 2020 annual report that the company's operating income in 2020 increased from 5.342 billion yuan in 2019 to 5.524 billion yuan in 2020, a growth rate of 3.41%. The net profit belonging to shareholders of listed companies increased from 358 million yuan in 2019 to 1.025 billion yuan in 2020, an increase of 186.16% over the same period last year. The total assets of the company increased from 14.213 billion yuan in 2019 to 22.02 billion yuan in 2020, with a growth rate of 54.93%. The net assets belonging to shareholders of listed companies increased from 8.355 billion yuan in 2019 to 10.706 billion yuan in 2020, a growth rate of 28.13%.

In 2020, the domestic operating income of Ganfeng Lithium Industry was 3.923 billion yuan, accounting for 71.02% of the operating income, up 11.89% from the same period last year, while the operating income from overseas business was 1.601 billion yuan, accounting for 28.98% of the operating income, down 12.79% from the same period last year. This is mainly due to the fact that a number of overseas automobile OEM manufacturers that have long cooperated with the company have set up factories in China in recent years, resulting in a decrease in the company's overseas export business. Overseas business mainly focuses on the export of lithium salt products.

At the end of 2020, Ganfeng Lithium Industry has 9 production bases worldwide. In order to meet the rapidly growing market demand for lithium products, the company has further expanded its production capacity through technical transformation of existing production lines and new production lines. Capacity expansion will help expand the company's global market share and meet the growing customer demand for the company's products.

The data show that the lithium battery business of Ganfeng Lithium Industry has laid out the technology path direction of consumer batteries, TWS batteries, power / storage batteries and solid-state batteries, and focused on their respective market segments. In order to speed up the development of lithium power sector, the company completed the capital increase and share expansion of Ganfeng Lithium Power in 2020, and introduced the employee stock ownership platform. Huizhou Ganfeng, a wholly owned subsidiary of Ganfeng Lithium Power, plans to invest no more than 3 billion yuan to build a high-end polymer lithium battery R & D and production base.

In the field of consumer batteries, Dongguan Ganfeng 30 million fully automatic polymer lithium battery production line has been put into production, 3C consumer lithium battery products have been produced smoothly, product structure has been continuously optimized, and customer recognition has been significantly improved.

In the field of TWS batteries, Xinyu Ganfeng Electronics began to layout TWS wireless Bluetooth headset batteries in 2018. By the end of 2020, the fully automatic production line of TWS batteries has reached 300000 pieces per day. The company's TWS battery is widely used in wearable and intelligent devices such as smart bracelets, Bluetooth headphones, smart glasses, smart clothing and other wearable and intelligent devices, and has obtained a number of national patents. The company's TWS battery adopts the design of soft shell and hard shell, which improves the tightness of the battery, greatly reduces the risk of liquid leakage and improves the anti-electromagnetic interference performance, which is safer and more applicable than other competitors in the market. With high-quality product quality and perfect patent system, the company's TWS battery has been widely recognized in the market and has entered the supply system of many electronic products customers.

In the field of power / energy storage battery, the output of Ganfeng lithium electric iron phosphate lithium battery project has increased rapidly. By the end of 2020, the capacity of Ganfeng lithium iron phosphate battery has reached 1GWH, and plans to expand its production to 3GWh.

In the field of solid-state lithium batteries, Zhejiang Feng Lithium, a wholly owned subsidiary of Ganfeng Lithium Power, focuses on the R & D and marketing of solid-state lithium batteries with high energy density and high safety performance. solid-state lithium battery business is the focus of the future development of Ganfeng lithium power battery business plate. 2019 has invested in the establishment of the first generation solid-state lithium battery R & D pilot production line, accelerating the commercialization of solid-state lithium battery technology. Zhejiang Fengli first-generation mixed solid-liquid electrolyte battery products have passed a number of third-party safety tests and a number of customer sample tests. The energy density reaches 235~280Wh/kg. The second generation solid-state lithium battery is based on high nickel ternary cathode and metal-containing lithium anode materials. At present, the energy density of the product is more than 350 Whhand kg, and the cycle life is close to 400 times. The solid-state cell of lithium negative electrode with energy density higher than 420Wh/kg has been used in special fields.

In the field of decommissioned lithium battery recycling, Ganfeng Lithium Industry promotes the industrial technology level and competitive advantage by expanding the capacity of decommissioned lithium battery recycling business and developing new technologies and technologies for comprehensive recycling of decommissioned lithium batteries. During the reporting period, recycling science and technology was selected into the second batch of industry standard conditions for comprehensive utilization of waste power batteries for new energy vehicles by the Ministry of Industry and Information Technology. The decommissioned lithium battery disassembly and metal comprehensive recovery project of recycling technology has formed a recovery capacity of 34000 tons, helping enterprises to establish a lithium product recycling ecological chain and further improving the layout of the company's industrial chain.

In 2020, Ganfeng Lithium Industry was granted 83 new national patents, including 14 national invention patents and 69 utility model patents. By the end of 2020, the company has been granted a total of 267 national patents, including 76 national invention patents and 191 utility models.

Recently, Ganfeng Lithium Industry said in an interaction with investors that the company's design production capacity of lithium hydroxide has reached 81000 tons per year, and that of lithium carbonate has reached 40500 tons per year.

In order to meet the needs of the rapid development of the company's business and improve the company's core competitiveness, on February 25 this year, Ganfeng Lithium Industry intends to hold a shareholders' meeting and class shareholders' meeting to authorize the company to issue no more than 48044560 overseas listed foreign capital shares (including capital) and list on the main board of the Stock Exchange of Hong Kong Co., Ltd. the H shares issued this time are ordinary shares with a par value of RMB1.00 each. The total face value of H shares to be issued is RMB 48044560.

It is reported that Ganfeng Lithium intends to use 80% of the net proceeds from the issuance of H shares for capacity expansion and potential investment, and 20% for working capital and general corporate purposes. Among them, the construction of capacity expansion is mainly related to the company's overseas lithium resources projects. Potential investment in lithium resources may include ore, brine, lithium clay and so on.

In addition, in order to further increase the market share of the company's lithium products, Ganfeng Lithium Industry announced on March 8 that the company and its wholly-owned subsidiary Qinghai Liangcheng Mining Co., Ltd. (referred to as "Qinghai Liangcheng") acquired 100% property share of Yili Hongda Equity Investment Partnership with its own capital of 1.47 billion yuan. Yili Hongda indirectly owns the interest in Qinghai Chaidamu Yiliping Lithium Salt Lake project by holding a 49% stake in Minmetals Salt Lake. After the completion of the transaction, the company holds 0.18% of the property share of Yili Hongda, and Qinghai Liangcheng holds 99.82% of the property share of Yili Hongda; the company will obtain the seats of directors and supervisors of Minmetals Salt Lake.

Today, in order to meet the needs of the company's development, enhance the capital strength of the wholly-owned subsidiary and achieve the goal of making the company bigger and stronger, Ganfeng Lithium Industry plans to increase the capital of its wholly-owned subsidiary, Qinghai Liangcheng, by 1.5 billion yuan with its own funds. Qinghai Liangcheng is mainly engaged in the mining, production and sales of lithium ore and associated ore products, the development of salt lake resources such as potash, lithium, boron and magnesium, and the processing, production and marketing of related products. Potassium sulfate fertilizer, potassium magnesium sulfate fertilizer, granular potash fertilizer, lithium carbonate, lithium chloride and other products mining, production and sales. After the completion of this capital increase, the registered capital of Qinghai Liangcheng will increase from 100 million yuan to 1.6 billion yuan.

Ganfeng Lithium Industry: net profit in 2020 increased by 186% compared with the same period last year. Plans to invest 3 billion to build a high-end polymer lithium battery R & D and production construction base.