Ningde Times Lithium Copper foil supplier gem IPO submitted for registration this year's net profit may exceed 360 million

SMM survey: what kind of metal do you like most in 2022?

Hubei Zhongyi Science and Technology Co., Ltd. (abbreviated as: Zhongyi Science and Technology) gem IPO submitted for registration on December 17th. According to the registration draft, the IPO, No. 1 Science and Technology plans to raise about 716 million yuan, which will be used for the production and construction of 10000 tons of high-performance electronic copper foil, the construction of technology research and development center, supplementary liquidity and other projects.

The data show that the thinning of lithium copper foil is the main direction of technological upgrading in the industry, and the market space of lithium copper foil products of 6 μ m and less than 6 μ m will gradually expand. At present, the domestic supply of extremely thin lithium copper foil is still unable to meet the market demand. Although there are many domestic electrolytic copper foil manufacturers that have been formally put into production, only a few of them can master high-performance ultra-thin lithium copper foil technology and large-scale production.

Since 2017, Zhongyi Science and Technology has gradually mastered the production technology of 6 μ m extremely thin lithium copper foil and achieved high quality and large-scale production. at present, 6 μ m extremely thin lithium copper foil has become the company's mainstream product. At the same time, the company is actively expanding the technological frontier to meet the new market demand. At present, it has mastered 4.5 μ m extremely thin lithium copper foil production technology, and is expected to become one of the company's main core products in the future.

It is reported that in terms of copper foil production capacity, in 2020, No. 1 Science and Technology can produce both lithium copper foil and standard copper foil with a capacity of 13000 tons; from January to June in 2021, the production capacity is 65000 tons. The company's investment project products are mainly 6 μ m and below high-performance lithium copper foil, the implementation of the project will enhance the company's product production capacity, further enhance the company's competitiveness in the industry, and consolidate the company's position in the industry.

Zhongyi Science and Technology has carried out the continuous production and sales of 4.5 μ m lithium copper foil products on some of the systems in Zhongyi and Zhongke bases respectively, and has delivered several batches of 4.5 μ m lithium copper foil products since August 2020.

In the registration draft, No. 1 Science and Technology also disclosed the latest performance. From January to September of 2021, the company's operating income was 1.523 billion yuan, an increase of 95.41% over the same period in January-September 2020, and the net profit attributed to the owner of the parent company was 284 million yuan, an increase of 319.55% over the same period in January-September 2020. After deducting non-recurrent profits and losses, the net profit attributed to the owner of the parent company was 279 million yuan, an increase of 214 million yuan over the same period in January to September 2020.

Zhongyi Technology said that the company's operating income and net profit attributed to the owner of the parent company increased from January to September this year, mainly due to the rise in copper prices in the upstream and better copper foil market downstream since 2021. The sales volume and prices of the company's standard copper foil and lithium copper foil products have increased.

At the same time, benefiting from the new energy vehicle industry and the rising demand of the downstream copper foil market, No. 1 Science and Technology is expected to achieve an increase in sales volume and processing fees in 2021 compared with the same period last year, with a substantial increase in revenue and a year-on-year increase in net profit.

Specifically, in 2021, Secondary one Science and Technology is expected to achieve operating income of 21.3 to 2.3 billion yuan, an increase of 82.10 percent over the same period last year; net profit is expected to achieve 3.6 to 410 million yuan, an increase of 190.38 percent and 230.71 percent over the same period last year; and net profit after deducting non-recurring profits and losses is expected to be 3.55 to 405 million yuan, an increase of 195.13 percent and 236.69 percent over the same period last year.

It is worth mentioning that No.1 Science and Technology is highly dependent on the Ningde era, a major customer. From 2019 to 2020 and from January to June 2021, the proportion of the company's sales of products to the Ningde era accounted for 7.10%, 35.46% and 46.93% respectively, and the gross profit of products sold to the Ningde era accounted for 14.77%, 50.31% and 47.80% of the company's total gross profit, respectively. The company's sales revenue to the Ningde era increased significantly in 2020. The proportion of sales income in the company's operating income in the Ningde era has also increased greatly. The company has successively signed frame procurement contracts with Ningde era, Jiangsu era, Qinghai era, time SAIC, time FAW, Sichuan era and other main bodies, and the agreement is valid for three years.

In addition, Battery Network noted that in addition to No.1 Technology, companies in the field of lithium copper foil IPO are Telford Technology and Copper Crown Copper foil.

December 10, Telford Technology growth Enterprise Board IPO application was accepted by the Shenzhen Stock Exchange. Guotai Junan Securities is its sponsor. This time, IPO, Telford Technology plans to raise 1.2 billion yuan, and the net amount after deducting issuing expenses will be used for 28000 tons / year of high-grade electrolytic copper foil construction projects, high-performance electrolytic copper foil research and development projects and supplementary liquidity.

On November 8th, Tongling Nonferrous announced that the company's holding subsidiary, Copper Guan Copper foil growth Enterprise Board (IPO), had submitted for registration, with Guotai Junan Securities as its sponsor. According to the news released by the CSRC on December 8, the copper crown copper foil gem IPO has been approved to be registered. According to the prospectus, copper crown copper foil plans to raise about 1.197 billion yuan this time, according to its priorities, it will be used in 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, supplementary liquidity.