China Science and Technology Electric last year lithium cathode business revenue of 757 million to increase the capital of Gretel plus code negative electrode materials.

On the evening of April 27th, China Science Electric (300035) released its annual performance report for 2020. The company's consolidated financial statements achieved operating income of 974 million yuan, an increase of 4.79% over the same period last year. The net profit belonging to shareholders of listed companies was 160 million yuan, an increase of 8.34% over the same period last year. Among them, the lithium negative electrode business is the main source and growth point of the company's operating income and profits. in 2020, the company's lithium negative electrode business income of 757 million yuan, accounting for 77.77% of the company's total revenue.

It is reported that the main business of Zhongke Electric is the double main business of "lithium anode + magnetoelectric equipment". Lithium negative electrode business is located in the upstream key material field of new energy lithium-ion battery industry, while magnetoelectric equipment business is mainly in the field of upstream electromagnetic metallurgical equipment in iron and steel industry.

Among them, Zhongke Electric Lithium negative electrode business is operated and sold by Zhongke Star City, a subsidiary of the company, and its main products are lithium-ion battery anode materials, which are mainly used in power, consumer, energy storage lithium-ion batteries and other fields. There are Zhongke Xingcheng Ningxiang Lithium Ion Battery anode material production Base in Changsha, Hunan Province, Guizhou Tongret Lithium Ion Battery anode material and graphitization integrated production base, and Sichuan Ya'an New material graphitization processing Base.

According to the data, Zhongke Xingcheng, a subsidiary of Zhongke Electric, has focused on the research and development and production of lithium-ion battery anode materials for nearly 20 years, and is one of the earliest enterprises to layout dynamic lithium-ion battery anode materials, with rich technology accumulation and customer channel resources. it is in the forefront in the field of power lithium-ion battery anode materials. At present, the company maintains long-term and good cooperative relations with BYD, Ningde era (CATL), AVIC Lithium, Yiwei Lithium Energy, Suzhou Xingheng, South Korea SKI, ATL and other well-known enterprises at home and abroad.

On the same day, China Science and Technology Electric also released a report for the first quarter of 2021, saying that the company's operating income in the first quarter was 328 million yuan, an increase of 97.29% over the same period last year. The net profit belonging to shareholders of listed companies was 67.4 million yuan, an increase of 160.73% over the same period last year.

It is worth mentioning that Zhongke Electric has set up a strong research and development team in the business of lithium negative electrode, and has domestic advanced testing equipment for the physical performance of negative electrode materials, as well as electrochemical performance testing such as semi-battery and full battery. and equipped with a complete test production line. In addition, it has established industry-university-research cooperation with Hunan University and Xiangtan University, and established a research and practice base for new carbon materials with Hunan University.

The battery network learned that with the current good development opportunities of China's new energy automobile industry, it has led to a surge in demand for power lithium batteries and their negative electrode materials. in order to further improve the layout of the company's lithium anode industry, on April 28th, Zhongke Electric plans to increase its investment to Guizhou Gretel New Materials Co., Ltd., a wholly-owned subsidiary, no more than 1.3 billion yuan. Among them, no more than 300 million yuan is used to make up part of the production capacity of Gretel's existing anode material production line, so that it has a full process capacity of 50, 000 tons per year. In addition, no more than 1 billion yuan is used for the construction of 30, 000 tons / year new anode materials and 45000 tons / year graphitization processing construction project.

After the completion of this new investment and construction project, Gretel, the Guizhou production base of Zhongke Electric anode materials, will become an integrated base of 80, 000 tons of anode materials and 65000 tons of graphitized processing.