Car companies rush to buy lithium diaphragm! Enjie shares get overseas long order again

On January 14, Enjie (002812) issued an announcement that Shanghai Enjie New Materials Technology Co., Ltd. (hereinafter referred to as "Shanghai Enjie"), a subsidiary of the company, recently signed an Production Pricing Agreement (with a large overseas automobile company, hereinafter referred to as "this contract". It is agreed that from January 1, 2022, Shanghai Enjie and its subsidiaries will supply lithium battery isolation membrane products to the cooperative customers and their licensees. In 2022-2024, Shanghai Enjie and its subsidiaries guaranteed to the cooperative customers that the supply quantity would not exceed 1.65 billion square meters. Starting from 2025, Shanghai Enjie and its subsidiaries have guaranteed to their customers that the supply will not exceed 900 million square meters per year. The actual purchase quantity and sales amount shall be subject to the purchase order issued by the cooperative customer.

Enjie shares said that this contract is a sales contract in the company's existing product field, and the company has the ability to perform this contract in terms of capital, personnel, technology and existing production capacity. The signing of this contract will help to strengthen the long-term and stable cooperative relationship between the company and its customers, enhance the company's sustainable profitability and global market competitiveness, and be conducive to the long-term development of the company.

Benefiting from the continuous increase in the production capacity of the company's wet lithium battery separation membrane, Enjie shares is expected to achieve a net profit of 2.66 billion yuan to 2.76 billion yuan belonging to shareholders of listed companies in 2021, an increase of 138.44% to 147.40% over the same period last year. It is estimated that net profit attributable to shareholders of listed companies after deducting non-recurrent profits and losses is 2.557 billion yuan to 2.657 billion yuan, an increase of 158.15% to 168.25% over the same period last year. Basic earnings per share is expected to be 2.98 yuan per share-3.09 yuan per share.

Everbright Securities Research report shows that in 2021, Enjie shares significantly expanded the production of lithium diaphragm, enriching the new energy membrane product line. The company plans to build a total of 3.2 billion square meters of lithium diaphragm, 280 million square meters of aluminum-plastic membrane and 200 million square meters of coated film production capacity in Chongqing, Changzhou, Jiangsu and other places to steadily expand the production capacity of lithium diaphragm while expanding the product line of lithium diaphragm for lithium electricity. create new performance growth points. The company is also actively laying out its overseas business, and plans to build 4 fully automatic imported film production lines and more than 30 coating production lines in the Hungarian base. The overall annual production capacity of the project is about 400 million square meters, and it is expected to achieve mass production in 2023. The company's leading position in the industry has been continuously consolidated.

At the same time, Enjie shares are deeply bound to downstream customers, and the ability to undertake large-scale orders continues to improve. The company has successfully entered the supply chain system of large battery manufacturers such as Ningde era, LGChem, Panasonic, Samsung, Guoxuan Hi-Tech and so on. The company is constantly strengthening its own strength to match the future development needs of downstream customers, and the ability to undertake large-scale orders continues to improve. Prior to this, the company has signed cooperation agreements with Yiwei LiNeng and Ningde Times, and plans to set up joint ventures with them to build 1.6 billion square meters of wet lithium diaphragm and coated membrane projects and 3.6 billion flat wet / dry diaphragm projects. strong and strong join hands to achieve win-win cooperation, the company's medium-and long-term performance is more certain.

On January 6, Enjie disclosed the progress of the proposed joint venture with Yiwei Lithium Energy to build a wet lithium battery separator project. The announcement shows that Hubei Enjie New material Technology Co., Ltd., a project company, has recently completed the industrial and commercial registration procedures and obtained a "business license" issued by the Market Supervision and Management Bureau of Jingmen High-tech Zone (Qiandao Zone). Specifically, Enjie Power vehicle lithium battery diaphragm industrialization project plans to invest 5.2 billion yuan to build 16 lithium battery diaphragm production lines and coating production lines, which will start in March 2022.