After trading on April 13, Cangzhou Mingzhu (002108) issued a forecast for the first quarter of 2021. The company expects to achieve a net profit of 1.06-115 million yuan in the first quarter, an increase of 261.79% over the same period last year. 292.51%.
Cangzhou Mingzhu said that the expected net profit in the first quarter changed greatly from the same period last year, mainly because the sales of all kinds of products of the company were affected by the epidemic in the same period last year. In the first quarter of this year, the sales volume of PE pipeline products, BOPA film products and lithium-ion battery diaphragm products increased compared with the same period last year, and the operating income of the products increased; the gross profit margin of BOPA thin film products increased over the same period last year, and the profitability of the products increased; the production and sales volume of lithium-ion battery separator products increased, the unit cost of the products decreased compared with the same period last year, and the profitability
It is understood that the main products of Cangzhou Mingzhu are PE pipes, BOPA films and lithium-ion battery separators. Among them, lithium-ion battery separator products are used in lithium-ion batteries, including new energy vehicle lithium batteries, 3C lithium-ion batteries, electric two-wheelers, energy storage and household appliances.
According to the 2020 annual report released by Cangzhou Mingzhu, the company achieved revenue of 2.762 billion yuan last year, down 7.80 percent from the previous year, and realized a net profit of 301 million yuan belonging to the owner of the parent company, an increase of 81.19 percent over the previous year.
Among them, the sales volume of lithium-ion battery diaphragm products in 2020 was 1136.26 tons (about 117 million square meters), the main business income was 224 million yuan, an increase of 42.55% over the same period last year, and the main business cost was 249 million yuan, an increase of 4.36% over the same period last year. The profitability of the products has been effectively improved, and the gross profit margin has increased by 40.67% over the same period last year. At the same time, last year, the company's wet lithium-ion battery separator products were supplied to Samsung SDI in bulk.
Cangzhou Pearl Analysis said that in recent years, with the continuous popularity and application of global digital products (mainly mobile phones, tablets, notebooks, camera equipment, wearable smart devices, etc.), as well as the explosive growth of new energy vehicles, electric bicycles, power tools, energy storage power stations, electric bicycles and other power applications, effectively promoting the rapid development of the lithium diaphragm industry. With the gradual improvement of the epidemic situation and market situation, the demand for diaphragm products continues to expand. With the continuous downward exploration of the price in recent years and the integration of some lithium diaphragm enterprises, there are fewer new enterprises entering the lithium diaphragm industry, the relationship between supply and demand has been improved, and the diaphragm price has gradually stabilized from the second half of 2020.
According to the 2021 business target announced by Cangzhou Pearl, the company's sales of lithium-ion battery diaphragm products will reach 198 million square meters this year. In addition, the company will also continue to improve the production process of lithium-ion battery diaphragm, strive to increase product yield and reduce product cost, continue to increase the proportion of international customer sales, enhance product profitability, and consolidate the current cooperative relationship with high-quality customers. at the same time, we will actively develop new customers at home and abroad to further open up the market for lithium battery products outside 3C. Keep abreast of the latest customer needs, strengthen the research and development of new products, further improve the ability to identify customer risks and control customer risks.
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