Recently, Conch Entrepreneurship and the Management Committee of Wuhu Economic and technological Development Zone signed the "Investment Agreement for the Project of Lithium Iron Phosphate cathode material with an annual output of 500000 tons". The project plans to build a project with an annual output of 500000 tons of Lithium Iron Phosphate cathode material.
The project will be planned and built in stages, with an investment of about 1 billion yuan in the first phase, with an annual output of 50, 000 tons of lithium iron phosphate cathode material project and supporting facilities. construction is scheduled to start this year and put into production by the end of next year. In the later stage, Conch Entrepreneurship will plan and build a high-performance lithium iron phosphate battery cathode material project with an annual output of 500000 tons according to the market situation and the specific approval progress of the project.
It is reported that in order to implement the project, on September 29, Anhui New Materials and Fund Company Gaomu Capital, a wholly-owned subsidiary of Conch Entrepreneurship, have jointly established a joint venture company, Hai Innovation Energy Materials. The registered capital of the joint venture company is 500 million yuan, of which Anhui New material contributes 400 million yuan (accounting for 80%) and Gaomu Capital contributes 100 million yuan (20%).
Guo Jingbin, chairman of Conch Entrepreneurship, said that since the company went public in 2013, the environmental protection field of "solid waste and hazardous waste disposal + domestic waste incineration power generation" two-wheel drive has developed rapidly, and the endogenous value has been continuously increased. it has been listed on the list of China's top 500 listed companies by market capitalization for four consecutive years. In recent years, with the rapid development of the global new energy vehicle industry, the company has seized the development opportunity and quickly cut into the upstream core of the new energy battery lithium iron phosphate cathode material industry track to help the company develop steadily in the long term.
According to the statistics of Battery Network at the end of September, since the beginning of this year, the investment in lithium iron phosphate battery and its materials has been hot, the head enterprises have expanded production one after another, and the listed companies related to phosphorus chemical industry and fluorine chemical industry have scrambled to join the bureau. Since the second half of the year alone, there have been 15 new investment projects in this field, with an investment amount of more than 43 billion yuan.
In terms of market price, according to the latest data released by SMM, on October 11, the mainstream quotation of dynamic lithium iron phosphate was about 76000 yuan / ton.
In addition, in addition to the cathode material project, Conch Entrepreneurship also plans to cut into the lithium diaphragm track.
On September 23, Conch Entrepreneurship issued an announcement that in order to seize the development opportunities of new energy vehicles and energy storage industry chain, Anhui New Materials and Gaomu Capital will acquire part of Hengchuan Technology, a lithium diaphragm company, and increase its capital. Anhui New material and Gaomu Capital will hold a total of 51% of Hengchuan Science and Technology as a concerted actor, and will be included in the scope of the consolidated statement. Among them, Anhui New Materials will hold a 41% stake in Hengchuan Technology, while Gaomu Capital will hold a 10% stake in Hengchuan Technology.
At present, the planned diaphragm production capacity of Hengchuan Science and Technology Taizhou Base is 1 billion square meters / year, of which the first production line has been put into production in August, and the second production line is expected to be put into production in early 2022, when the annual production capacity will reach 250 million square meters.
From the trend of the industry, under the double-wheel drive of policy encouragement and market demand, there will be more and more cross-border transformation of new energy and new materials of listed companies in the future in terms of capital, technology, management, resources and so on. In terms of performance, Conch Entrepreneurship achieved operating income of 3.879 billion yuan in the first half of 2021, up 37.72% from the same period last year, while equity shareholders accounted for 733 million yuan in net profit of the main business, up 31.38% from the same period last year. After cutting into the new energy materials industry track, can conch entrepreneurial performance hit a new high? We'll see!
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