Sinopec sold lithium diaphragm 350 million yuan in the first half of the year, with a sales income of 480 million yuan.

On the evening of August 17th, Sinopec Technology (002080) announced that its operating income in the first half of the year was 9.359 billion yuan, an increase of 22.76% over the same period last year; the net profit belonging to shareholders of listed companies was 1.847 billion yuan, an increase of 103.19% over the same period last year; and basic earnings per share was 1.1yuan.

The semi-annual report shows that in the first half of the year, Sinopec concentrated superior resources to vigorously develop the three leading industries of wind power blades, glass fiber and products, and lithium battery separators.

The annual output of wind turbine blades exceeds that of 10GW by 3.08 billion yuan in the first half of the year.

Among them, in terms of wind power blade business, Sinopec has seven major production bases of Funing in Jiangsu, Handan in Hebei, Pingxiang in Jiangxi, Jiuquan in Gansu, Baicheng in Jilin, Xilin in Inner Mongolia and Xingan in Inner Mongolia, with annual production capacity of wind power blades above 10GW, accumulates numerous domestic and international first-class customer resources, and has achieved global sales of nearly 65GW since its establishment.

Sinopec sold 4554MW wind power blades in the first half of the year, with a sales income of 3.08 billion yuan, a net profit of 330 million yuan, and a continuous increase in market share, further consolidating its leading position in the domestic market.

In the short term, after the rush to install wind power in 2020, the industry quickly entered a period of adjustment, the bidding price of wind power dropped sharply compared with the same period last year, the cost of superimposed raw materials rose, and the supply chain of wind power equipment faced huge cost pressure, according to Sinopec Science and Technology Analysy. competition intensifies. In the medium and long term, onshore wind power will officially enter an era of parity in 2021, state subsidies for offshore wind power will also be withdrawn at the end of the year, and the way of policy support for wind power will also shift from subsidy promotion to the ambitious goal of "30 carbon peak and 60 carbon neutralization". The dependence of industry growth on policy is reduced, the market mechanism can play a more role, and the medium-and long-term growth attribute of wind power will be really highlighted.

Lithium diaphragm basement membrane has an annual production capacity of 1 billion square meters and an income of 480 million yuan in the first half of the year

In terms of lithium diaphragm business, this industry is the leading industry focused on the cultivation and development of Sinopec science and technology. At present, the company has an annual production capacity of 1 billion square meters of base film, and has laid out four production bases in Tengzhou, Shandong, Changde, Hunan, Ningxiang, Hunan and Hohhot, Inner Mongolia, covering the mainstream lithium battery customer market at home and abroad. With international advanced wet diaphragm manufacturing equipment and leading technology research and development capabilities, with 5-20 μ m wet diaphragm and all kinds of coated diaphragm products, lithium battery diaphragm as the key material for the production of new energy batteries, widely used in new energy vehicle power batteries, 3C consumer batteries, energy storage batteries and other fields.

Sinopec sold a total of 350 million square meters of diaphragm products in the first half of the year, with a sales income of 480 million yuan. Among them, the proportion of international customers continues to increase, more than 10%.

In the first half of the year, Sinopec also comprehensively promoted the construction of new projects and research and development of new products in the lithium film industry.

In terms of capacity construction, Sinopec Hunan production base 21-2 production line has been completed and put into production, which will release production capacity one after another; Tengzhou Phase II project is expected to complete installation and commissioning in the fourth quarter of 2021, when the company's lithium film production capacity will exceed 1.5 billion square meters; at the same time, the company is laying out its Nanjing base in the Yangtze River Delta where the lithium battery industry is concentrated, and plans to build a new production capacity of 1 billion square meters to continue to expand its scale. New product research and development, the company layout oily mixed coating, spraying and other coating technology, production capacity and product reserves, continue to increase the proportion of high value-added products.

Everbright Securities previously said that Sinopec Technology diaphragm business made a positive contribution in the first half of the year, new lithium film production capacity continued to release and coating capacity further increased, and overseas customer certification promoted a smooth increase in share. With the promotion of new energy vehicles and the application and development of energy storage batteries under the background of "carbon neutralization", it is expected that the diaphragm demand is high, the supply continues to fall short of demand, the industry oligopoly pattern is clear, and the profit level is expected to be improved.