SMM Network News: among the four key materials of lithium battery, the technology of negative electrode material is relatively mature and rich, the customer viscosity is strong, the market concentration is high, and the market space is also expanding. The data show that in 2018, the output of negative electrode materials in China increased by 28.98 per cent to 252800 tons.
In the 2018 annual competitive brand list of negative materials in China's lithium battery industry, 10 enterprises were selected. Basically listed or backed by listed companies: Betterre (Baoan, China), Cunninghamia lanceolata Technology (Cunninghamia lanceolata), Zichen Technology (Putai), Zhongke Xingcheng (Zhongke Electric), Jiangxi Zhengtuo (Perth shares), Kaijin Energy (once sprint IPO), Shenzhen Snow (National Technology), Xiang Fenghua (December 2018 IPO application has been accepted), Kodak Jieneng, Jinrun Energy.
Compared with the other three battery materials (positive material, electrolyte, diaphragm), the performance of negative material listed enterprises is relatively stable, and the competition among enterprises is mainly focused on the improvement of technical level.
The results of the 12 listed negative materials companies in 2018 and 2019 show that the total revenue of the 12 enterprises included in the statistics is about 109.754 billion yuan in 2018, with an average revenue of about 9.146 billion yuan. Sinochem International, China Baoan, Fang Da carbon 3 business income of more than 10 billion yuan; In the first quarter of 2019, the total revenue was about 23.213 billion yuan, with an average revenue of about 1.934 billion yuan. Sinochem International, China Baoan, Cunninghamia lanceolata shares, Fang Da carbon, Kodak Jieneng and Putai had revenue of more than 1 billion yuan.
In terms of net profit, in 2018, the net profit of Fang Da carbon and Cunninghamia lanceolata shares exceeded 1 billion yuan, and 8 companies made a profit; in the first quarter of 2019, the net profit of Fang Da carbon, Sinochem International, Put Tai Lai and Koda Jie Neng exceeded 100 million yuan, and 8 companies made a profit.
In 2019, when the new energy vehicle subsidy drops sharply and the cost pressure is transmitted to the upstream material, the negative electrode material inevitably shows a downward trend in the product price, but on the whole, it is expected to reach the volume premium, and the performance is less affected.