Lithium precursor leading enterprise-Zhongwei shares officially listed today!

SMM12, March 23: according to data from the China Automobile Association, the production and sales of new energy vehicles in November were 198000 and 200000 respectively, up 75.1% and 104.9% respectively over the same period last year, and their monthly production and sales broke the record for the fifth time in that month. From January to November, the production and sales of new energy vehicles were 1.119 million and 1.109 million, respectively, down 0.1% from the same period last year, 9.1% lower than in January-October, and sales increased by 3.9% over the same period last year. The growth rate has changed from negative to positive compared with January-October.

SMM believes that, first, in order to achieve the annual target to start rush loading behavior, and second, the demand of the terminal consumer market continues to rise, and the influence of new energy vehicles is also gradually expanding. Production for the whole year is expected to exceed 1.2 million vehicles, an increase of 5 per cent over the same period last year.

With the good development trend of the new energy vehicle industry, it is transmitted to the upstream ternary precursor market to drive the demand to improve. There is a huge space for the development of the industry, and Zhongwei, as a leading enterprise in the precursor of lithium electricity, will be of great benefit.

According to SMM research, the output of precursors in November 2020 is 39000 tons, and the annual output is expected to reach 310000 tons, an increase of nearly 20% over the same period last year. Orders in the domestic power market continued to increase, the demand for precursors by head battery enterprises increased, and the market demand for small power declined slightly. Coupled with the mass production of new precursors in China, the overall output of precursors increased steadily. Overseas export orders increased slightly in November, while demand in the European car market was stable and energy storage orders increased.

Zhongwei New Materials Co., Ltd. (stock code: 300919), a leading enterprise specializing in the production of lithium materials precursors, officially listed and began trading on the growth Enterprise Market of Shenzhen Stock Exchange.

Zhongwei shares mainly engaged in high-end power ternary precursors, high-end 3C digital cobalt tetroxide products firmly ranked first in the industry, with ultra-fast and strong product development capabilities and excellent quality control capabilities, quickly respond to market demand.

Zhongwei always insists on technology research and development as the first driving force, continuously improving comprehensive output and quality assurance capability through technology, equipment and management. Its advantages of focusing on research and development, rapid response and coordination of process and equipment provide an important support for the company to continue to obtain high-quality market share in the industrial chain.

In the rapid development in recent years, Zhongwei Co., Ltd. has built a "five-in-one" efficient R & D system from university basic research and development, joint laboratories, provincial enterprise technology centers, enterprise research institutes, and R & D workshops, and trained experienced R & D teams. it has a technical R & D team composed of 302 R & D personnel, and the annual R & D investment accounts for 3-4% of the annual income. Can quickly respond to the diversified needs of customers for products.

At the same time, Zhongwei Co., Ltd. has a leading R & D pilot workshop in the industry, with the scale effect of R & D speed and quantitative test, which fully adapts to the fast iteration of ternary precursor technology, many customized non-standard products and long R & D cycle. it needs to go through the closed-loop process of small-scale test, pilot-scale test and mass test.

In terms of specific technology, Zhongwei Corporation takes high nickel, doping, sintering, recycling and other technologies as the main research and development direction, and organizes human, financial, and material resources to continuously tackle key technical problems, and finally forms a number of core technologies based on the coprecipitation method. Including single crystal precursor synthesis technology, quantitative nucleation continuous synthesis technology, rapid and efficient coprecipitation technology, long-period multi-process combined coprecipitation technology, quantitative intermittent binary coprecipitation technology, oxide precursor preparation technology, high voltage large particle cobalt oxide precursor sintering technology, high efficiency wet cycle extraction technology and high ammonia nitrogen wastewater recycling technology and other product preparation technology.

Its core technology was applied to the ternary precursors and cobalt tetroxide of the main products, resulting in a good industrialization effect and realizing the sustained growth of business income. The company's operating income mainly came from the sales income of core technical products. In the first three quarters of 2020, the company realized operating income of 507700.43 yuan, an increase of 37.36% over the same period last year. The net profit belonging to the owner of the parent company was 280.2806 million yuan, an increase of 126.52% over the same period last year.

The development of Zhongwei witnessed the development trend of the global new energy industry. In 2019, global sales of new energy vehicles were 2.21 million, and global shipments of ternary precursors were 334000 tons, an increase of 45.2% over the same period last year. According to SMM data, global sales of new energy vehicles are expected to reach 8.02 million in 2023, and global shipments of ternary precursors will reach more than 820000 tons. Zhongwei Co., Ltd., as the leading enterprise of lithium material precursor, will get more market opportunities by virtue of its high-quality products and technical strength.