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On December 16th, Baowu carbon Industry Lanzhou Baohang 100000 ton anode material project held the groundbreaking ceremony in Lanzhou New area of Gansu Province.
It is reported that Baowu carbon Industry 100000 tons of anode material production base project has a total investment of 4.1 billion yuan, mainly building 100000 tons of anode material production line and 100000 tons of graphitization plant production line, which will effectively fill the gap in the field of Gansu battery anode material industry.
Data show that China Baowu Iron and Steel Group Co., Ltd. (abbreviated as China Baowu), formed by the joint reorganization of the former Baosteel Group Co., Ltd. and Wuhan Iron and Steel (Group) Co., Ltd., was unveiled on December 1, 2016 and is ranked 72nd among Fortune 500 companies in 2020. The company's steel industry plate mainly includes two series of carbon steel and stainless steel, which is composed of Baosteel (600019), Zhongnan Iron and Steel, Maanshan Iron and Steel Group, Taiyuan Iron and Steel Group and Bayi Iron and Steel (600581). Baowu carbon Industry, which invested in the construction of a 100000-ton anode material production base project, is a holding subsidiary of Baosteel.
China Baowu said that since 2018, the company has worked closely with Lanzhou to build 100000 tons of ultra-high-power graphite electrodes and other projects, actively promoting the annual production line of 1.1 billion cans and two-piece cans in Lanzhou. In December 2020, the Lanzhou municipal government signed a strategic cooperation agreement with the company. according to the agreement, the company will actively explore the layout and promotion of composite materials and other projects needed in aerospace, new energy and other fields in Lanzhou. efforts will be made to build Lanzhou into an important new materials industry base in the northwest region. The anode material project this time is in line with the construction direction of Lanzhou New area to build a demonstration base for the production and application of new materials focusing on new energy battery materials and high molecular chemical materials. it is of great significance and leading role in accelerating the development of new energy industry in the western region and promoting the transformation and upgrading of the regional economy.
Battery net noted that Baosteel is currently starting the process of spinning off its holding subsidiary Baowu carbon Industry to be listed on the growth Enterprise Market.
According to the spin-off and listing plan, Baowu carbon industry currently has the advantages of national layout and obvious capacity scale, and will continue to focus on the field of new carbon-based materials and extend the industrial chain of new materials in the future. focus on the development of needle coke, negative materials, graphite electrodes, carbon fiber, environmental protection resin materials and other products to achieve the development of the whole industry chain and form the layout of carbon materials products.
Baosteel said that the expansion of carbon-based new materials business, especially anode materials projects, requires a large amount of money for technology research and development, product upgrading and market development, and puts forward higher requirements for Baowu carbon industry's financing ability and rapid business development ability. therefore, Baowu carbon industry urgently needs a large amount of financial support. Through the spin-off and listing relying on the listing platform, we can integrate similar businesses and increase investment in new materials business, build our own industrial ecology, and raise funds through listing to invest in the construction of negative materials projects.
It is understood that before the issue, Baowu carbon has a share capital of 750 million shares, with no more than 250 million shares issued. Baosteel directly holds 71.78% of Baowu carbon shares, which is the controlling shareholder of Baowu carbon industry. after the split, Baosteel will still hold more than 50% of its shares. In a controlling position.
It is worth noting that during the period from January to June in 2019, 2020 and 2021, Baowu carbon industry achieved a net profit of about 339 million yuan, 88 million yuan and 523 million respectively, benefiting from the gradual recovery of the domestic economy leading to a pick-up in the downstream market demand for chemicals and the new carbon fiber business of Baowu carbon industry, the company's profitability rebounded significantly.
