Yongtai Science and Technology: increase the layout of lithium battery electrolytes and other products will achieve full coverage of mainstream electrolyte materials in the future

A few days ago, Yongtai Technology said in a survey by investors that the company's lithium hexafluorophosphate has been put into production of 8000 tons / year, VC products have been put into production of 5000 tons / year, and FEC products have been put into production of 3000 tons / year.

According to the project construction announcement disclosed by Yongtai Technology, the main products of the company's lithium battery materials in the next 3 years will form the following capacity scale: (1) Lithium hexafluorophosphate: 8000 tons / year solid, 67000 tons / year liquid. (2) Lithium difluorosulfonimide: 900t / an in solid state and 67000 t / year in liquid state. (3) VC:30000 tons / year. (4) FEC:8000 tons / year.

Yongtai Technology said that the company has a first-mover advantage in the field of lithium hexafluorophosphate, and it takes a certain amount of time for new competitors to go from research and development, pilot test to production, and the company has completed the market sales of corresponding products in the early stage. it has captured a certain market share and has relatively stable customer resources.

It is reported that the volume and price of lithium materials business of Yongtai Technology has risen in 2021. With the rapid development of the new energy vehicle market, the market demand for lithium materials has increased significantly, the supply of products such as lithium hexafluorophosphate produced by the company is tight, and the price continues to rise. improve product profitability; At the same time, the company's new production projects increased the release of production capacity of VC, FEC and other lithium materials, which increased the production and sales volume of the company's lithium business and became a new profit growth point of the company.

Yongtai Technology predicts that the company will achieve a net profit of 280 million yuan to 420 million yuan belonging to shareholders of listed companies in 2021, an increase of 133.33% to 249.99% over the same period last year, and is expected to achieve a net profit of 380 million yuan to 560 million yuan after deducting non-recurring profits and losses, an increase of 5177.78%, 7677.78% over the same period last year.

With regard to the company's future product strategy, Yongtai Technology said that according to the needs of downstream customers, the company will increase the research, development and layout of lithium battery electrolytes, additives and other products to achieve horizontal full coverage of mainstream electrolyte materials. build an one-stop purchasing platform for customers.

Yongtai Technology said that the company has an advantage in the technology and cost of products such as lithium hexafluorophosphate. The company has a relatively mature production process and quality management system. In the future, the company will further improve its product technology and maintain its advantage in the market competition through continuous R & D investment and technological improvement.