In February and September, according to Ningxia Baichuan New Materials Co., Ltd. (referred to as "Baichuan New Materials"), a wholly-owned subsidiary of Baichuan (002455), workers did not have a rest during the Spring Festival holiday. At present, the production lines of 50, 000 tons of needle coke, 10, 000 tons of graphitization and 5000 tons of negative electrode have been put into production one after another. 12000 tons of lithium battery recycling, 20, 000 tons of iron phosphate, 6000 tons of lithium iron phosphate and the second phase of 10, 000 tons of graphitization production line has entered the equipment installation stage, the second phase 20, 000-ton negative electrode production line is about to start equipment installation.
Data show that Baichuan New Materials was established in July 2018, mainly engaged in lithium battery materials, battery materials recycling and product development, production and sales. According to the principle of one-time planning and phased implementation, the company is building an integrated industrial cluster project with an annual output of 590000 tons of lithium materials, 300000 tons of waste lithium batteries and recycling of waste catalysts.
Through the upstream and downstream industrial chain layout, Baichuan New material has built an industrial chain for the resource utilization of iron phosphate / acicular coke lithium iron phosphate / graphite negative "power / energy storage battery" battery, realizing the closed loop of lithium battery industry. form the full coverage of the industry from upstream raw materials to downstream lithium batteries and even the final utilization of lithium batteries.
In addition to the continuous development of the Baichuan New Materials Project, Baichuan shares also issued an announcement on February 9 that in order to optimize the governance structure of the subsidiary sea-based new energy and further develop new energy business, sea-based new energy plans to increase its registered capital from 950 million yuan to 1.215 billion yuan through the introduction of new shareholders Mingyang Intelligence and Shanghai Shenglian.
It is reported that Hai-based New Energy is an enterprise engaged in the technical development, manufacture and sales of lithium batteries and battery packs. Its products are targeted at the application field of "pan-energy storage" with a planned investment of 2 billion yuan. An automatic lithium battery production line with an annual capacity of 2 billion watt-hours will be built in two phases, of which the first phase of the project with an annual capacity of 1 billion watt-hours has entered the installation and commissioning stage in May 2017. Sea-based new energy long-term planning capacity of 6 billion watt-hours, while supporting the construction of battery pack PACK production line. The scheduled commissioning of new energy projects will become a new business growth point for Baichuan.
According to the performance forecast previously disclosed by Baichuan, the company expects net profit to reach 200 million to 250 million yuan in 2021, an increase of 200.95% and 276.19% over the same period last year. The company said that in 2022, it will pay close attention to management and promote various projects under construction to start up and reach production as soon as possible, so as to create new profit growth points for the company and repay investors with good performance.
