The lithium copper foil maker reported a more than six-fold year-on-year increase in net profit, which will be held on the gem IPO on August 19th.

August 15 news, according to the Shenzhen Stock Exchange disclosure notice, Anhui Tongguan Copper foil Group Co., Ltd. (hereinafter referred to as: copper crown copper foil) will be the first meeting of the gem on August 19.

The conference paper shows that the IPO, copper crown copper foil to raise nearly 1.2 billion yuan is mainly used for the following projects: Tongling non-ferrous copper crown copper foil project with an annual output of 20, 000 tons of ultra-thin electronic copper foil for high-precision energy storage (Phase II), high-performance electronic copper foil technology center project and supplementary liquidity.

Battery network learned that copper crown copper foil is mainly engaged in the research, development, manufacture and sales of all kinds of high-precision electronic copper foil. The main products are classified by application field, including PCB copper foil and lithium battery copper foil. Tongling Nonferrous owns 96.5% of the company, while Hefei Guoxuan, a lithium battery maker, holds the remaining 3.5%.

Copper crown copper foil has been deeply cultivated in the field of electronic copper foil for more than 10 years, and factories have been set up in Hefei, Tongling and Chizhou. It now employs more than 1100 people and has formed an electronic copper foil production capacity of 45000 tons / year, including 20, 000 tons / year of lithium battery copper foil and 25000 tons / year of PCB copper foil.

In terms of performance, from 2017 to 2020, the operating income of copper crown copper foil was 2.276 billion yuan, 2.411 billion yuan, 2.4 billion yuan and 2.46 billion yuan respectively, and the net profit was 333 million yuan, 227 million yuan, 99.6279 million yuan and 72.1939 million yuan respectively.

In the first half of 2021, the operating income of copper crown copper foil reached 1.873 billion yuan, an increase of 84.57 percent over the same period last year; the net profit of returning to the mother was 152 million yuan, an increase of 647.42 percent over the same period last year; and the net profit of deducting non-return was 149 million yuan, an increase of 1014.96 percent over the same period last year.

Copper crown copper foil is expected to achieve a business income of 2.817 billion yuan from January to September this year, an increase of 67.41% over the same period last year, a net profit of 248 million yuan, an increase of 568.73% over the same period last year, and a net profit of 242 million yuan after deduction, an increase of 768.82% over the same period last year.

In terms of technology, copper crown copper foil products are in the lead in technology, PCB copper foil for high frequency and high speed has significant advantages in domestic enterprises, and has the production capacity of mass production of 6 μ m copper foil for lithium battery. 4.5 μ m copper foil for lithium battery has achieved revenue. From 2018 to 2020, the company's RTF copper foil sales accounted for 0.02%, 3.02% and 9.32% of PCB copper foil sales respectively, and copper foil sales of 6 μ m and less accounted for 3.78%, 9.85% and 24.82% of lithium battery copper foil sales, respectively. The proportion of the company's high-end copper foil products continues to increase, and the product structure continues to be optimized.

In terms of customers, customers of copper crown copper foil in the field of PCB copper foil include Shengyi Technology, Taiwan Technology, Taiwan Optoelectronics, Huazheng New material, Jinan Guoji, Shanghai Power Co., Ltd., South Asia New material, etc., while customers in the field of lithium battery copper foil include BYD, Ningde Times, Guoxuan Tech, Xing Heng shares and so on.

In terms of competitiveness, in April this year, EVTank, together with Yiwei Economic Research Institute and China Battery Industry Research Institute, jointly issued the "White Paper on the Development of China's Copper foil Industry (2021)". White paper statistics show that in 2020, Chinese lithium copper foil shipments reached 146000 tons, an increase of 17.7% over the same period last year, and Chinese lithium copper foil shipments accounted for nearly 35% of all electrolytic copper foil shipments. Among them, according to shipments, copper crown copper foil ranked sixth in China with 5.4% market share in 2020.