When the technology high nickel 811 cathode material has achieved mass production

On April 26, Dangsheng Technology said in an investor survey that the company has already achieved mass production of high-nickel 811 cathode materials; it is expected that production and sales will continue to increase substantially in 2018.

According to the 2017 annual report released by Dangsheng Technology in early April, the annual operating income was 2.158 billion yuan, a year-on-year increase of 61.7%. The net profit was 250 million yuan, a year-on-year increase of 151.97%. Among them, lithium battery materials and other business income was 1.929 billion yuan, an increase of 62.85%.

On the same day, Dangsheng Technology said that the company's product sales in the first quarter of 2018 continued to grow rapidly, and the production capacity was further released. In the first quarter, the operating income was 671 million yuan, a year-on-year increase of 113.76%. Benefiting from the state's strong support for the new energy industry and the new production capacity of the company's Jiangsu production base, it is expected that the production and sales volume in 2018 will remain large increase.

In the first quarter, the gross profit margin of cathode materials decreased by two percentage points year-on-year, mainly due to the increase in product prices due to the price increase of upstream raw materials. The gross profit margin decreased correspondingly when the gross profit per ton remained stable.

Regarding the high-nickel 811 product, Dangsheng Technology stated that 811 products belong to high-nickel multi-element cathode materials and have obvious advantages in improving battery density. The company is one of the few companies that can mass-produce 811 products. Achieve mass production. The 811 products produced by the company are mainly used for power batteries for new energy vehicles.

For the growing phenomenon of mergers and acquisitions in the cathode material industry, Dangsheng Technology said that mergers and acquisitions are an important driving force for enterprises to become bigger and stronger, especially in the current fierce competition in the industry. The company will rely on the capital market platform and technological advantages to accelerate the upstream and downstream cooperation of the industrial chain and enhance the company's ability to leapfrog development.

For the market prospects of multi-component cathode materials for mobile phones, computers, flat panels and other 3C products, Dangsheng said that the downstream consumer sector has been replacing lithium cobalt oxide with multi-materials to reduce costs since the first few years. Since the second half of last year, cobalt the sharp rise in prices has led to a sharp rise in the price of lithium cobalt oxide, and this substitution will become more apparent. Several high-voltage and high-rate multi-materials developed by the company have already replaced lithium cobalt oxide in downstream customers. However, in the fields of ultra-thin mobile phones and pads, the advantages of volume energy density and rate performance of lithium cobalt oxide are not enough.

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