On March 31, Xiamen Tungsten Industry (600549) disclosed its annual report that in 2021, the company realized consolidated operating income of 31.852 billion yuan, an increase of 67.96% over the same period last year, and a net profit of 1.181 billion yuan, an increase of 92.24% over the same period last year.
The main accounting data unit of Xiamen tungsten industry in 2021: yuan
Data show that Xiamen tungsten industry focuses on the development of the three core businesses of tungsten and molybdenum, rare earths and new energy materials. Specifically, in 2021, in terms of tungsten and molybdenum business, Xiamen tungsten and molybdenum products were affected by the growth of market demand, sales and prices increased compared with the same period last year, while the company continued to promote high-end products, and the profitability of the products was improved compared with the same period last year. The operating income was 10.958 billion yuan, an increase of 45.41% over the same period last year, and the total profit was 1.4 billion yuan, an increase of 74.57% over the same period last year.
In the rare earth industry, the sales volume of rare earth deep processing products in Xiamen tungsten industry increased, and both operating income and profits increased greatly, with operating income of 4.804 billion yuan, an increase of 56.98% over the same period last year, and total profits of 229 million yuan, an increase of 154.34% over the same period last year.
In terms of energy new materials business, Xiamen tungsten industry continues to increase the research and development of lithium cobalt products, and the competitive advantage of the products has been further consolidated. Sales volume has increased by 35% compared with the same period last year, and its global share continues to rank first. Sanyuan materials benefited from the high prosperity of the new energy vehicle industry, and the company's production and sales of its products were booming. At the same time, the company took advantage of the advantages of high power and high voltage of its products to expand sales. Sales of Sanyuan materials increased by 71% compared with the same period last year, and the scale effect was further revealed. the total profit increased significantly compared with the same period last year. In 2021, the company's business of new energy battery materials (including lithium cathode materials and hydrogen storage alloys) achieved an operating income of 15.922 billion yuan, an increase of 93.79% over the same period last year, and a total profit of 636 million yuan, an increase of 128.50% over the same period last year.
Xiamen Tungsten Xineng (688778), the main operator of new energy materials in Xiamen tungsten industry, was spun off and listed in Science and Technology Innovation Board on August 5, 2021. The main business is the research, development, production and sales of cathode materials for lithium-ion batteries. In 2021, the main products are high-voltage lithium cobalt, high-voltage ternary materials, high-power ternary materials, high-nickel ternary materials, etc., widely used in new energy vehicles, 3C consumer electronics, energy storage and other fields.
Xiamen tungsten Xinneng 2021 main accounting data unit: yuan
According to the announcement, Xiamen Tungsten Xinneng achieved an operating income of about 15.566 billion yuan in 2021, an increase of 94.82 percent over the same period last year, and realized a net profit of 555 million yuan belonging to the owner of the parent company, an increase of 121.66 percent over the same period last year.
Xiamen Tungsten Xinneng said that in 2021, the company's main downstream areas 3C, energy storage market, especially the new energy vehicle market continues to improve, and the overall demand for cathode materials is strong. The company actively seizes the market opportunity, adheres to the market share of lithium cobalt, develops the ternary material market, excavates and distributes the lithium iron phosphate market, actively taps the potential to increase production, and achieves 72000 tons of sales for the whole year, an increase of 46% over the same period last year, setting a record high and continuing to maintain the leading position in the lithium cathode material industry.
Battery network learned that in view of the rapid development of the new energy industry, Xiamen tungsten Xinneng existing capacity has been far from being able to meet the needs of downstream customers, the company is actively promoting project construction.
Among them, the industrialization project of lithium-ion battery materials with an annual output of 40000 tons in Haixing Base (Phase I and Phase II) is a fund-raising project for the initial public offering and listing of Xiamen Tungsten Xineng, and the first phase of the 10000-ton production line has been completed and put into production in September 2021; the second phase of the 10000-ton production line equipment procurement, equipment and auxiliary engineering installation is expected to be completed in 2022.
In order to give full play to the scale effect and meet the needs of the downstream market, Xiamen Tungsten Xineng invested 620 million yuan while raising investment in the construction of the project to start the industrialization project (Phase III) of 40000 tons of lithium-ion battery materials in Haiyang Base. By the end of 2021, the main equipment of the production line has been basically installed and is expected to be put into production in July 2022.
In addition, in order to match the implementation of the strategic planning goal, on the basis of the construction of the industrialization project of lithium-ion battery materials with an annual output of 40000 tons, Xiamen Tungsten Xineng plans to invest 990 million yuan to build a new plant (workshop) and install equipment in the Haifeng base. Continue to expand the company's production capacity (30000 tons), the project is currently in the plant layout design.
In order to promote the layout of the company's lithium iron phosphate products and further consolidate the company's leading position in cathode materials, Xiamen Tungsten Xinneng invested with Ya'an Lithium Industry (Ya'an) Co., Ltd. and Xiamen Cangya Investment Partnership (limited partnership) to set up Ya'an tungsten, invest in the construction of an annual production line of 100000 tons of lithium iron phosphate in stages, of which 20000 tons of lithium iron phosphate production line will be built in the first phase. At present, Ya'an Xiamen Tungsten has been officially registered in Ya'an, Sichuan Province on December 29, 2021.
It is reported that on the evening of March 1, Xiamen Tungsten Xinneng disclosed its plan to issue A shares to specific targets in 2022. The company plans to issue no more than 48638130 shares (including capital) to controlling shareholders Xiamen Tungsten Industry, Fujian Metallurgical Control Equity Investment Management Co., Ltd., Sangang Minguang (002110) and Fujian Panluo Iron Mine Co., Ltd. Raise 3.5 billion yuan for the 30000-ton lithium-ion battery cathode material expansion project, supplement working capital and repay bank loans in the workshop of Haiyang base.
