Home / Metal News / Keep pace with the times of Ningde, Enjie shares plan to set up new energy management headquarters in Shanghai with 1.72 billion.

Keep pace with the times of Ningde, Enjie shares plan to set up new energy management headquarters in Shanghai with 1.72 billion.

iconAug 19, 2021 14:36
[keeping pace with the pace of Ningde era, Enjie shares plan to set up 1.72 billion of new energy Shanghai management headquarters, etc.] Enjie shares plan to set up new energy Shanghai management headquarters, Enjie Research Institute and overseas operation headquarters in Shanghai Pudong Jinqiao Development Zone. Shanghai Enjie, the company's holding subsidiary, signed a memorandum of cooperation with Jinqiao Group on the same day, intending to buy some properties in Jinqiao advanced manufacturing headquarters and R & D project land held by Jinqiao Group. It is estimated that the total investment of the project will not exceed 1.72 billion yuan.

On the evening of August 18, Enjie (002812) announced that the company intends to set up new energy Shanghai management headquarters, Enjie Research Institute and overseas operation headquarters in Shanghai Pudong Jinqiao Development Zone; the company's holding subsidiary Shanghai Enjie New material Technology Co., Ltd. signed a memorandum of cooperation with Shanghai Jinqiao (Group) Co., Ltd., intending to purchase some properties in Jinqiao advanced manufacturing headquarters and R & D project land held by Jinqiao Group. It is estimated that the total investment of the project will not exceed 1.72 billion yuan.

Enjie shares said that since the listing, the business scale has continued to expand, especially in recent years, with the rapid development of the new energy vehicle industry, the company's lithium battery separator business has grown rapidly. At the same time, the company continues to strengthen research and development and actively open up markets at home and abroad. In order to achieve the long-term development of the company's business, the company is increasing R & D investment in the fields of lithium battery isolation membrane, emerging functional film materials and high value-added functional membrane materials, and the company is actively preparing to build overseas operation headquarters. In order to meet the needs of the company's sustainable development in the future, and to attract and retain high-end talents, the company decided to invest in the construction of new energy management headquarters in Shanghai, Enjie Research Institute and overseas operation headquarters.

Battery Network noted that on the same day, Ningde Times, a major customer of Enjie shares, signed a strategic cooperation framework agreement with the Shanghai Municipal people's Government. According to the strategic cooperation framework agreement, Ningde Times will land related projects such as Global Innovation Center, International functional headquarters, Future Energy Research Institute and high-end manufacturing base in Shanghai.

Among them, Ningde Times Future Energy (Shanghai) Research Institute Co., Ltd. was established on the 18th with a registered capital of 200 million yuan. The scope of business covers scientific research, technical services, technology development, technology consultation, technology exchange, technology transfer and technology promotion in the fields of new energy technology and new materials; emerging energy technology research and development; software development. The company is wholly owned by Ningde Times.

According to the implementation Plan of Shanghai to accelerate the Development of New Energy vehicle Industry (2021-2025) issued by the General Office of the Shanghai Municipal people's Government in February this year, by 2025, the annual output of local new energy vehicles in Shanghai will exceed 1.2 million, and the output value of new energy vehicles will exceed 350 billion yuan, accounting for more than 35% of the output value of the city's automobile manufacturing industry. The R & D and manufacturing of key components such as power batteries have reached the international leading level, and significant progress has been made in automotive networking and intelligent core technology, forming a complete supply chain.

In addition, in terms of capacity expansion, on the evening of August 2, Enjie issued an announcement that the company signed a "joint venture agreement" and a supplementary agreement with Yiwei LiNeng, intending to set up a joint venture company in Jingmen, focusing on the manufacture of lithium battery isolation membrane and coated film, building a wet base membrane with an annual production capacity of 1.6 billion square meters and a coated film project that fully matches its production capacity, and giving priority to supplying Yiwei LiNeng and its subsidiaries. The total investment of the project is 5.2 billion yuan. The registered capital of the joint venture is 1.6 billion yuan, of which Enjie shares and Yiwei LiNeng contribute 55% and 45% respectively.

On June 18, Enjie issued two investment announcements. Shanghai Enjie, a holding subsidiary, signed an investment cooperation agreement with the people's Government of Jintan District of Changzhou City and the Management Committee of Jintan Economic Development District of Jiangsu Province to invest in the construction of lithium battery isolation membrane project. the project plans to invest about 5.2 billion yuan in fixed assets. In addition, Shanghai Enjie, in cooperation with the people's Government of Jintan District of Changzhou City and the Management Committee of Jiangsu Jintan Economic Development Zone, plans to invest in the construction of aluminum-plastic film projects, with fixed assets of about 1.6 billion yuan.

In terms of performance, Enjie shares released a forecast for the first half of this year, according to which the company expects the net profit attributable to shareholders of listed companies to reach 1 billion yuan to 1.09 billion yuan in the first half, an increase of 211.15% and 239.15% over the same period last year. The company said that in the first half of the year, it benefited from the continuous improvement of the production capacity of the wet lithium battery separator, the continuous consolidation of its competitive advantage, and the company grasped the development opportunities of the lithium battery separator business and continued to open up markets at home and abroad. The output and sales of wet lithium battery separator continued to grow steadily.

In terms of customers, Enjie Power Lithium Battery separator's main overseas customers include Panasonic, Samsung, LG Chem and so on, while the main domestic customers include Ningde Times, BYD, Guoxuan Hi-Tech, Funeng Technology, Lishen Battery and so on.

It is worth noting that Enjie's share price has continued to rise since mid-May this year, hitting an all-time high of 308 yuan per share on Aug. 6. The company's share price has fallen somewhat recently, but its market capitalization is still above 200 billion yuan. On August 18, the company issued 246 million restricted shares for the purchase of assets in 2018, accounting for 27.61% of the company's total share capital.

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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