The demand for battery materials increases rapidly. Shi Da Shenghua is expected to make a net profit of more than 1.17 billion yuan in 2021.

On the evening of January 7, Shi Da Shenghua (603026) announced that it is expected to achieve a net profit of 1.17 billion yuan to 1.25 billion yuan in 2021, an increase of 350.36% 381.15% over the same period last year.

Shi Dashenhua said that the main reasons for the pre-increase in 2021 are:

(1) with the rapid growth of the new energy vehicle market, the demand for upstream battery materials has increased rapidly, the sales and revenue of carbonate products have increased greatly compared with the same period last year, and the profit level has increased greatly compared with the same period last year.

(2) the company continues to optimize its product structure and develops a SS series of products on the basis of S-level carbonate products, which further enhances the company's profitability.

(3) C3H6O, the main raw material upstream of the company's carbonate series products, is basically self-supplying. In this period, the supply and demand of C3H6O industry tends to be tight, and the competitive advantage of C3H6O process in the production of carbonate series products is further enhanced.

(4) the company's production equipment continues to reduce cost and increase efficiency, achieve stable and stable production, and further improve the company's cost control ability.

Battery Network noted that in terms of customers, Shida Shenghua downstream customers almost covered the world's leading electrolyte manufacturers, of which the domestic is mainly divine materials, Cathay Pacific Huarong, overseas to Mitsubishi Chemical, Central nitrate, Enchem-based, and as the main solvent supplier of many electrolyte customers, has established a long-term stable strategic cooperative relationship with it.

In order to meet the company's strategic layout needs in the field of new energy materials and further enhance the company's influence in the field of new energy, the pace of production expansion of Shi Da Shenghua has been greatly speeded up. Just last month, Shi Da Shenghua announced a number of expansion projects:

On the evening of December 2nd, Shida Shenghua announced that the company signed an investment agreement with the Management Committee of Wuhan Chemical Industrial Zone on the integrated project of production and R & D of lithium materials. The company's wholly-owned subsidiary intends to invest in the construction of 220000 tons / year lithium materials production and R & D integration project (120000 tons / year vinyl carbonate, 50 tons / year C "H 2O", 45000 tons / year methyl ethyl carbonate, 5000 tons / year C "H10O"). The total investment of the project is expected to be 1.283 billion yuan, and the construction site is Wuhan Chemical Industry Park in Hubei Province. The plant covers an area of 111600 square meters, the construction period is 18 months, and the annual output value is 3.088 billion yuan.

On the evening of December 27th, Shi Dachenghua announced that it plans to terminate a number of battery material projects proposed many years ago: the termination of the 50,000t / a C "H" O project, the 4000 t / a silicon-carbon anode material project, and the 5000 t / a power battery material project. and cancel the wholly-owned grandson company established by the project. In response, Shi Dachenghua said that according to the needs of the development plan, the company plans to rearrange and plan the 100000 t / a methyl ethyl carbonate plant project, the 20, 000 t / a silicon-based anode project and the 11000 t / an additive project. Taken together, the company plans to invest a total of about 1.5 billion yuan in these three new projects.

On the evening of December 30, Shida Shenghua announced that the company's holding subsidiary, Shida Shenghua (Quanzhou) Co., Ltd. plans to invest in the construction of 40,000 tons / year battery grade vinyl carbonate refining project. The total investment of the project is expected to be 16.1 million yuan. The project is built in Quanhui Petrochemical Park, Hui'an County, Quanzhou City, Fujian Province, and is expected to be completed and put into production in May 2022. The company said that up to now, the construction of 120000 tons / year ethylene carbonate plant has been completed, and the main purpose of this project is to purify 40, 000 tons / year industrial grade ethylene carbonate into battery-grade ethylene carbonate products, with the total production capacity unchanged.