Grimm's net profit for the first half of the year increases by 51% year on year. Production and sales of high nickel battery materials will continue to rise.

SMM8, 31 August: on the evening of August 30, Greene released its 2018 semi-annual report, which showed that the company's operating income in the first half of the year was 7.026 billion yuan, an increase of 63.92% over the same period last year. The net profit attributable to shareholders of listed companies was 411 million yuan, an increase of 50.83 per cent over the same period last year. The company said it had benefited from the full release of capacity in its new energy materials business, which had contributed to a significant increase in sales and performance. At the same time, the company expects the net profit attributable to shareholders of listed companies to grow by 30.00% to 60.00% in the first three quarters of 2018, and the net profit is expected to be 504 million yuan to 620 million yuan.

From the composition of operating income, Greenmei's comprehensive utilization of waste resources operating income of 2.983 billion yuan, accounting for 42.46% of operating income, an increase of 32.49% over the same period last year; The business income of the new energy battery materials plate is 40.43 yuan, accounting for 57.54% of the operating income, up 98.70% from the same period last year, and contributing 928 million yuan to the gross profit. The new energy battery materials business has become a favorable supporting point for the company to thicken its performance.

In addition, Grimm said in the semi-annual report that in 2018, the company will continue to focus on promoting the mass marketization of high nickel products such as 622 and 811, so as to seize the market opportunity with high quality products. Quickly enter the leading position of ternary material precursor and ternary material industry chain in the world.

New Energy Materials Business capacity continues to be released

According to the report, in the first half of 2018, the company used ternary material precursor for power batteries to supply CATL supply chain, Samsung SDI and ECOPRO and other international mainstream customers, and obtained LGC, BYD and other international mainstream enterprise certification. At the same time, the company fully and quickly break through the key technologies of high nickel mainstream products, NCM high nickel precursor has passed LGC certification, NCA precursor has established a stable supply relationship with ECOPRO, and has completed 20, 000 tons / year ternary material high nickel precursor production line. New energy battery materials accounted for 57.54% of business income, the business has become a favorable support for the company's performance thickening.

Up to now, Grimm has built 60,000 tons / year ternary material precursor production line, and has built 20,000 tons / year ternary material high nickel precursor production line. In the research and development of ternary battery materials, Greene is not only doing NCM523 improvement research, NCM523 single crystal research and development and 48V starting power supply NCM523 products, but also paying close attention to and actively carrying out the research and development and technical reserve of high nickel products such as NCM622 and NCM811.

Huatai Securities believes that from 2018 to 2020, Greening in the high nickel market share will gradually increase, production and sales will be expected to achieve sustained growth.

Strengthening the core business of cobalt, nickel and tungsten and waste recovery

Greenhair Co-Ni-W core business, the formation of "cobalt-nickel-tungsten recovery-cobalt-nickel-tungsten powder reengineering-cemented carbide device reengineering" of the core industry chain, greatly enhancing the profitability and global competitiveness of cobalt-nickel-tungsten core business. Of this total, cobalt, nickel and tungsten plate operating income was 1.533 billion yuan, an increase of 55.01 per cent over the same period last year.

With the recycling of tungsten-cobalt cemented carbide as the starting point, Greene actively carried out the cooperation between the recovery of scarce resources and the remanufacturing of high-end tools, and established a cobalt-nickel-tungsten closed cycle system covering high-end intelligent tools.

Recycling waste batteries and perfecting Green Life cycle of New Energy

In July 2018, the Ministry of Industry and Information Technology issued a notice on the pilot work on the recovery and utilization of power batteries for new energy vehicles. On July 27, 2018, the Ministry of Industry and Information Technology solicited opinions on the list of enterprises (the first batch) on the "Industry Standard conditions for Comprehensive Utilization of waste dynamic batteries for New Energy vehicles". Jingmen Green Meimei Materials Co., Ltd., a wholly owned subsidiary of Jingmen City, was selected for the first batch of 5 enterprises. Benefiting from policy support, in the first half of 2018, the company actively built a "1N" waste battery recycling network, and successively signed agreements on the recycling and disposal of vehicle power batteries with more than 80 automobile and battery enterprises, including Samsung, Dongfeng, BAIC, and so on. The implementation of new energy vehicle industry chain to the whole life cycle green model from "green to green".

In addition, the company has built Jingmen-Taixing-Yuyao three major lithium-ion battery precursor intelligent manufacturing base, Wuxi as the center of the world advanced vehicle power lithium-ion battery material intelligent manufacturing base, The cascade utilization base of power battery with Wuhan park as the center and the comprehensive utilization and disposal base of waste battery with Jingmen park as the center; Wuhan, Wuxi and Jingmen three new energy power battery dismantling demonstration centers have been built, the new energy life cycle value chain has taken shape, and green + intelligent manufacturing power battery raw materials lead the industry level.

It is reported that Grimm's lithium power strategy is to build a new energy life cycle value chain, that is, the front-end ternary precursor and ternary material processing / production and back-end power battery material recovery two major businesses, echoing from beginning to end. Create a "battery recovery, raw material recycling, battery package reengineering, new energy vehicle service" of the whole industrial chain green closed-loop system.

At the same time, Greensi is also the first in China to put forward the industrial concept of "limited resources and unlimited circulation" and actively advocate the exploitation of "urban mines." A breakthrough has been made to solve the key technologies of green treatment and recycling of typical waste resources in China, such as waste batteries, electronic waste and scrapped vehicles.