The demand for lithium polyfluorohexafluorophosphate is the first in the world

polyfluoride recently announced that the "annual production of 2,000 tons of lithium hexafluorophosphate and ancillary products" Phase II "annual production of 1,000 tons of lithium hexafluorophosphate and supporting 5,000 tons of electronic grade hydrofluoric acid, 400 tons of lithium fluoride production lines have been fully completed in recent days. The products quality and production capacity meet the design requirements, and the project is fully operational. The commissioning of the company's Phase II 1000-ton lithium hexafluorophosphate project marks that the production capacity of polyfluorinated lithium hexafluorophosphate has reached 2,200 tons per year, ranking first in the world.

Lithium hexafluorophosphate is a new energy product and is one of the important constituents of lithium-ion battery electrolyte. It has the most advantages in solubility, conductivity, safety and environmental protection in organic solvents, and has become the most widely used lithium salt electrolyte. With the increasing demand for lithium hexafluorophosphate in portable electronic products, electric vehicles and electric bicycles, lithium hexafluorophosphate as a high-end fine fluoride product have a broad market prospect.

We understand that the top three global market share of lithium hexafluorophosphate is occupied by Japanese companies (Japan Stella Chemifa, Kanto Electrochemical, Morita Chemical), and the quality of lithium polyhexa fluorohexa fluoro phosphate reaches the international first-class level, comparable to Japanese companies, and replaces imports. Widely used in high-end fields such as electric vehicles, it has become a supplier of electrolytes and battery manufacturers in Shanshan, Jiangsu Guotai, BYD, Xinzhoubang, Beihua, etc., with good market prospects; South Korea, Japan, and other countries, it is expected that the company's contribution to the performance of lithium hexafluorophosphate will be concentrated in 2014.

At present, companies that have been able to realize the industrialization of lithium hexafluorophosphate in China have many enterprises such as polyfluorene, Jiujiujiu and Tianjin Jinniu. polyfluoride is one of the earliest producers of lithium hexafluorophosphate in China, and is a leader in the domestic lithium hexafluorophosphate industry; Tianjin Jinniu is the first company capable of producing lithium hexafluorophosphate, but mainly used for its own production capacity of 250 tons/year; Jiu (002411) At present, the total production capacity of lithium hexafluorophosphate is 7 million tons, which is still far from the polyfluorene. At the same time, in terms of cost, polyfluoride has fluorite ore - hydrofluoric acid - lithium fluoride-lithium hexafluorophosphate The industrial chain, lithium hexafluorophosphate, the main raw materials, anhydrous hydrofluoric acid, lithium fluoride, etc. can be self-produced, and the production scale is large, compared with the domestic counterparts have significant cost advantages, the cost per ton is lower than the industry average cost 20 %. With first-mover advantage, cost advantage and high product quality, the company's market share is expected to further increase.

The latest news, the US electric car brand "Tesla" due to the serious supply of lithium-ion batteries required for its electric vehicles, so that the battery supplier from the original single supplier Japan Panasonic to the Korean company LG Chemical and Samsung SDI cooperates; or “Tesla” builds a battery pack for the production of large-scale lithium-ion battery plants to achieve self-sufficiency. Whether the "Tesla effect" can make a new wave of "Tesla concept stocks" such as new energy vehicles and lithium batteries will remain to be seen.

The bottom of the fluoride salt can be reversed

The company is a leading company of fluoride salt listed in May 2010. Cryolite has a market share of over 50% in the domestic market and more than 20% aluminum fluoride. Its main downstream industries are the electrolytic aluminum and lithium battery industries.

Aluminum fluoride, cryolite, and lithium hexafluorophosphate are the company's main products (cryolite and aluminum fluoride are the fluxes in the start-up and production stages of electrolytic aluminum, respectively, and lithium hexafluorophosphate is mainly used as an electrolyte to produce lithium battery electrolyte). In 2012, the company's operating income components accounted for 50.6% of aluminum fluoride, 15.6% of cryolite, and 8.4% of lithium hexafluorophosphate. The three together accounted for 75% of the company's 2012 revenue and 93% of gross profit. At present, the company's main products are 135,000 tons of aluminum fluoride, 110,000 tons of cryolite, 2200 tons of lithium hexafluorophosphate, 50 million ampere-hours of lithium batteries, 5,000 tons of electronic grade hydrofluoric acid, 22,000 tons of white carbon black and other inorganic fluorides.

In the past two years, due to the sluggish demand from downstream industries, the domestic and international fluoride salt market demand is weak. The fluoride salt industry entered its lowest point in July-August this year, and the whole industry suffered losses. The company's financial report shows that in the first half of this year, the company achieved operating income of 709 million Yuan, a year-on-year increase of 19%; net profit was 3,352,200 Yuan, down 92.08%. Third Quarterly Report: The Company achieved an operating income of 1.04 billion Yuan, a year-on-year increase of 2.47%; net profit was 9,848,200 Yuan, down 82.32% year-on-year.

In the face of the unfavorable situation, the company has accelerated the pace of transformation and upgrading. This year, it is mainly to develop fine-fluorinated industrial products and electronic fluorine chemical products with high added value and strive to make progress in a new energy. The future development goal is to transform and upgrade on the basis of a fluoride salt, and is committed to building three major sectors: fluoride salts, fluorine-containing electronic chemicals, and fluorine-containing fine chemicals. Specifically, the first is to consolidate the company's leading position in the fluoride salt industry, further develop the scale, technology, management, location advantages, and make the fluoride salt products better and stronger; second, vigorously develop fluorine-containing electronic chemicals, including lithium hexafluorophosphate. , high-tech and high value-added products such as lithium fluoride, electronic grade hydrofluoric acid, sulfur hexafluoride, phosphorus pentafluoride, carbon tetrafluoride, and nitrogen trifluoride; thirdly, vigorously develop fluorine-containing pesticides, medicines and veterinary drugs, intermediates and fluorine-containing liquid crystal materials.

As a leading inorganic fluoride salt, the company has strong profitability and a clear competitive advantage in the field of lithium hexafluorophosphate and lithium batteries.

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