On the evening of March 2, Xiang Fenghua (300890) released its annual report for 2021, saying that in 2021, thanks to the rising prosperity of the new energy vehicle industry and the growth of battery demand, the company's business developed rapidly and realized operating income of 1.118 billion yuan, an increase of 168.78% over the same period last year. Net profit belonging to shareholders of listed companies was 99.8394 million yuan, an increase of 119.65% over the same period last year, and basic earnings per share was 0.9984 yuan.
Xiang Fenghua's main Accounting data and Financial indicators in 2021
According to the data, Xiang Fenghua was founded in June 2009 and is headquartered in Shenzhen, Guangdong Province. It is a high-tech enterprise integrating R & D, production and sales of high-end graphite, silicon-carbon anode materials and graphene for lithium-ion batteries.
Production capacity of Xiangfenghua graphite anode material in 2021
The battery network learned that in terms of production capacity, the production capacity of Xiangfenghua graphite anode material in 2021 will be 35178 tons and the output will be 39270.94 tons. In addition, the company is building a production capacity of 20000 tons.
Xiang Fenghua said that in 2021, the company's graphite anode material capacity utilization rate of 111.63%, mainly due to the company's own insufficient production capacity, in order to meet customer demand, the purchase of semi-finished products after graphitization processing. In the face of the increasing demand for negative materials from lithium battery enterprises, the company will actively expand production in 2022, continue to promote the construction of fund-raising projects, and actively promote the construction of Sichuan Xiang Fenghua project, and implement the planned production capacity as soon as possible. Graphitization is an important process in the production of graphite anode materials. the production capacity and processing cost of graphitization will directly restrict the scale of graphite anode materials. In 2022, the company will develop a new generation of box furnace graphitization processing technology on the basis of existing graphitization capacity and combine its own advantages to speed up the construction of subsidiary graphitization projects. after the completion of the project, the capacity bottleneck and cost pressure of graphite anode materials will be greatly alleviated.
On the same day, Xiang Fenghua announced that the company plans to raise no more than 220 million yuan for 30000 tons of high-end graphite anode material production base construction projects and R & D center projects. The project plans to build a production base in Shuidong Industrial Park, Gongchuan Town, Yong'an City, Fujian Province. after the completion of the project, it will be used for the production of artificial graphite anode materials and natural graphite anode materials. Through the construction of standardized production plants, the introduction of advanced machinery and equipment and high-quality and experienced production-related personnel, to create a high level of automation, reasonable spatial structure, clean and environmentally friendly production workshop for artificial graphite anode materials and natural graphite anode materials, forming an annual production capacity of 20000 tons of high-end artificial graphite anode materials and 10000 tons of high-end natural graphite anode materials. To meet the needs of the company's business development in the next few years. The total investment of the project is about 548 million yuan, of which Xiangfenghua raised 323.5 million yuan for the above-mentioned project when it launched its initial public offering in 2020. As the previous raised funds are lower than the expected total investment of the above-mentioned project, in order to ensure the smooth implementation of the project and enhance the overall competitiveness of the company, the company intends to issue shares to specific targets and use the proposed funds of 148 million yuan for the investment and construction of the project.
In addition, Xiang Fenghua also announced that after friendly negotiation between the company and the management committee of Shanghai Baoshan Industrial Park, the company plans to launch a 1x project in Baoshan High-tech Industrial Park, that is, 1 Shanghai headquarters, 5 innovation R & D centers and X upstream and downstream industrial projects. The total investment in the fixed assets of the project is about 1.611 billion yuan, of which the first phase of the project is expected to invest about 242 million yuan in fixed assets and set up a headquarters in Shanghai, mainly with the functions of R & D office, investment operation, headquarters settlement and administrative display. The total investment in fixed assets in the second phase of the project is expected to be about 1.369 billion yuan. In the future, it will consider carrying the main body of listed companies and headquarters functions, mainly around graphite, graphene, carbon-carbon composite new materials, etc., to attract upstream and downstream industrial chain enterprises to settle in, and to build a leading industrialization base of new materials related to graphite and graphene in China.
Battery Network noted that in terms of technological research and development, Xiang Fenghua adheres to the technical route of attaching equal importance to both man-made graphite and natural graphite. By the end of 2021, the company has 8 utility model patents and 49 invention patents, and another 2 invention patents have been applied for by the international PCT,. Another 37 patent applications are under examination (including 35 domestic inventions, 1 American invention and 1 Korean invention).
In terms of customers, Xiang Fenghua has accumulated a large number of high-quality and stable customer resources, including LG New Energy, BYD (002594), Guoxuan Hi-Tech (002074), Duofuoduo (002407) and other customers. Stable and high-quality customer resources also provide a strong demand driving force for the company to continue to develop new products and expand production. At the same time, the company is actively expanding the international market. At present, the company is actively contacting international well-known lithium battery companies such as SKI of South Korea and Panasonic of Japan to further open the Japanese and Korean markets.
