Demand analysis of lithium battery production equipment

All kinds of lithium ion batteries manufacturing can be unified into plate making, assembling batteries, batteries activation detection and battery encapsulation process four section, Japan and South Korea lithium electricity equipment is a world leading position, relative to the domestic research and development started early, equipment of high precision, high degree of automation, superior performance, technology, more mature, the price is relatively high. Enterprise division of labor fine, basically be engaged in the development and manufacture of a single device, such as foreign production of li-ion battery winding equipment business, mainly Japan Koem rattan, chronic kidney disease (CKD), and South Korea;In the production of coating equipment enterprises mainly include Toshiba, Fuji, toray, smooth; Manufacturer of slitting machines are mainly Japan west village, etc.

Backend equipment has reached the international advanced level in domestic, front end to high-end development of core equipment. At present, the back-end in lithium electricity equipment manufacturing leading production technology, has been at or near the international advanced level, the price has obvious advantages, but lower in the back-end equipment technical barriers, craft simple, the front-end equipment is relatively high technical requirements, has an important influence on the quality of the whole production line.

Localization level to be higher than we imagined, at the same time, the localization rate of the future is expected to exceed expectations, high voltage capacitor winding machine localization rate has reached 70%.

China lithium electricity production equipment needs more than 14.5 billion yuan in 2016, domestic production equipment production accounted for more than 80%, production will be more than 20% year-on-year growth. Throughout the year, there are agency predicts 2016 China li-ion battery production equipment production will be more than 11.5 billion yuan (not including imported equipment), to further improve localization rate, including front-end equipment domestic output value is expected to reach more than 6.5 billion yuan, an increase of more than 40%., back end equipment in the domestic production is expected to exceed 5 billion yuan, more than 25% year-on-year growth.

Domestic main lithium electricity equipment production enterprise

The recent national vigorously promote power lithium battery R&D and industrialization of policy, the future power lithium battery enterprises is expected to accelerate capacity expansion, in response to market demand in the future. At the end of November, 2016, the ministry issued the auto power electric industry norms, a clear requirements Lithium ion power battery Monomer enterprises annual output capacity of no less than 8 g w, the government improve the entry barriers, to speed up power lithium battery industry merger and differentiation, improve the industry competition environment, improve the lithium battery industry development ability and level. Source: "wan hongyuan study

Subsidies TuiPo industry reshuffle and conduction to the lithium electricity equipment industry will also be integrated, high-end, the technical difficulties in the front, plate making, etc. Increased in accordance with the provisions of the ministry of industry consolidation, power lithium battery production capacity should be reached around 64 billion watts, power lithium battery shipments in 2016 and double space, according to an average of 600 million yuan 1 GWH equipment needs calculation, power lithium battery of lithium electricity equipment gap and the gap of $20 billion.

"Diplomacy between businesses, further improve industry concentration.

Lithium electricity equipment companies have begun to pursue scale effect and absolute market advantage, leading enterprises of large and medium-sized enterprises began a round of consolidation.

Domestic power lithium battery manufacturer whack-a-mole-at

ranking

brand

The value of share

1 BYD

25.90%

2 CATL

10.40%

3 Tianjin lishen

9.80%

4 Hefei Gao Xuan

9.10%

5 Shenzhen Wal-mart

5.80%

6 Universal million can

4.30%

7 Shandong wei can

2.80%

8 Chinaspecial lithium electricity

2.60%

9 Micro macro power

2.50%

10 Beijing China

2.20%

Source: "wan hongyuan study

Heng hao can technology acquisition of shares

Hao can science and technology at present, the company has Samsung, BYD, catic lithium electricity, and other well-known lithium battery manufacturing high-end customers, after constant can buy hao, layout will be present in the field of lithium electricity "equipment and materials" double leading business model, and through the way of internal integration, into lithium battery manufacturing field

The forerunner of intelligent acquisition Titan new energy

Customers include BYD, Shuangdeng group, Zhuhai silver lung, catic lithium electricity, and many other industries well-known large-scale lithium battery manufacturers. After the completion of the acquisition, the forerunner of intelligent front-end lithium-ion batteries, in the end production equipment manufacturing and Titan new lithium battery back-end production equipment manufacturing operations can form good business collaboration, lithium battery production equipment business chain

Win technology acquisition of Dongguan ya kang

Energy storage lithium battery. During the period of "much starker choices-and graver consequences-in", energy storage on the one hundred big projects, "much starker choices-and graver consequences-in planning development potential is tremendous, lithium battery application but Lord is still in the market because of technology, policy and so on import stage, relative to the power battery is relatively lagging behind. In 2015 China's energy storage lithium battery production is about 3 GWH, up 45.8% from a year earlier, in the future as the technology mature gradually, energy storage market will also be pulled another pole of lithium battery consumption. We measure, China's energy storage lithium battery production was 3.79 in 2016 GWH.Is expected in 2017 China's production of lithium ion battery for energy storage market will reach 5.2 GWh, average annual compound growth rate of 36%.

Much starker choices-and graver consequences-in during storage on the one hundred big projects, "much starker choices-and graver consequences-in planning" energy storage technology in China, the policy is still in the market introduction stage, the main types of the energy storage battery's is given priority to with lithium battery, with the improvement of the progress of technology and economy, the cost of lithium-ion battery energy storage is expected to further reduce, when the lithium battery market is expected to be renewed, further enhance the demand of the lithium electricity equipment.

According to industry concentration increased, the thinking of integrated high-end, filter tap: the guide intelligence (winding machine) and constant stake (coating machine) is recommended.

Pilot intelligence: industry concentration, lithium electric equipment front-end back-end whole line layout itself as winding machine

Acquisition of the Titan new energy becomes lithium electricity equipment whole line provider. Titan in hand orders at present more than 1.1 billion yuan, net interest rates by more than 30%, strong profitability, realize the front-end backend layout in an all-round way. Companies are now bound CATL and ATL is expected to enter, BYD, Panasonic, Zhuhai silver long supply system of large manufacturers, the company growth is expected to last more than expected. Company released its annual report 2016 (increasing net profit attributable to shareholders of listed companies profit of 270 million yuan, 320 million yuan, up 90% from a year earlier - 120%, net profit is expected to 2016/17/18 years 2.9/6.0/780 million yuan respectively, and the corresponding PE to 53 x/x/x 20 26.

Constant shares: equipment and materials in parallel, turn into profit, retreat city risk

Can buy hao technology, high-end field into lithium electricity equipment. Currently, hao can technology products cover coating machine, rolling machine, slitting machine, production machine such as lithium ion battery core production equipment, mainly for lithium ion battery manufacturers to provide the core production equipment automation of production plan. Francois wisdom is hao can technology and CIS for intermediary business platform of technology and market cooperation. Hao can science and technology of lithium ion battery automatic production equipment performance is superior, complete service system, widely praised by the market, its customers include ATL, CATL cooperation, TDK, samsung, lishen, weft lithium can, silver long, BYD and other domestic and international numerous well-known lithium ion battery manufacturers, is the most powerful domestic and market reputation one of professional manufacturers of lithium ion battery automatic production equipment, has strong competitiveness in the industry. Commitment hao can science and technology 2016, 2017, 2016 annual implementation after deducting non-recurring gains and losses attributable to the parent company of the owner of the net income for 35 million yuan, 45 million yuan and 55 million yuan respectively.

In addition to the lithium ion battery core automated production equipment, hao can science and technology is also very pay attention to the development of new market and product extension in the field of application. Through to the core product - coating machine technology accumulation and innovation research for many years, hao can science and technology has been successfully realize the equipment application area and product market of lateral extension - the independent research and development of coated compound has been applied to membrane water treatment equipment products, optical film and other manufacturing areas. Hao to minority can provide water treatment technology is the present domestic film coating and domestic equipment suppliers, OCA glue coating equipment for the water source, time Walton, Guangzhou ivgl, wing on well-known enterprises to provide water treatment such as film, optical film coating equipment.

Cobalt acid lithium and ternary material income rapid growth. Ternary material is mainly used in small power, high power has been a breakthrough, start mass production, three yuan 622 related products deliver customer positive test, verify, the anode materials sales, revenue growth is faster. As the next three yuan material, especially in high-end products accounted for continued ascension, gross margin should be further improved. Cobalt acid lithium is mainly used in consumer electronic products; Ternary material balance is mainly used in car small power battery, such as high power has been a breakthrough, start mass production, the current monthly sales of 400 tons, more than 200 tons of cobalt acid lithium, 3 yuan more than 100 tons. Company lithium electricity positive materials and lithium electricity equipment have been expanding production, the anode materials from the production volume of more than 200 tons by the end of the month at the beginning of 2016 more than 400 tons of almost doubled, in addition, Germany is a wholly owned subsidiary has already begun construction work, planning and operation and put into production this year. Hao can have also been actively expanding production in terms of equipment.16 and 18 years it is expected that the company net profit of 35 million / 65 million / 65 million yuan, respectively corresponding to the EPS to 0.3 yuan/RMB 0.55 / $0.3.

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