Graphene full resolution, where is the future opportunity?

I. Introduction

On August 8, 2016, the State Council issued the "13th Five-Year National Science and Technology Innovation Plan", which clarified the overall thinking, development goals, main tasks and major measures of scientific and technological innovation during the "13th Five-Year Plan" period. In the plan, it is proposed to play a leading role in the development of new materials industry, such as graphene, which undoubtedly confirms the important position of graphene in the development of new materials industry.

Graphene is the newest nanomaterial that is the thinnest, strongest, and most conductive and thermally conductive. It is called “black gold” and is the “king of new materials”. At present, the application of graphene materials in China only stays in the improvement of existing materials, for example, the excellent thermal conductivity of graphene, the heat dissipation capability of spare parts, the shortening of battery charging time, etc. Subversive applications emerged, but the release of the 13th Five-Year National Science and Technology Innovation Plan pointed out the direction for the future of the graphene industry, which is to study disruptive applications and guide the development of new materials industries.

The 2016 China International Graphene Innovation Conference will be held in Qingdao from September 22nd to 24th, 2016. The conference will be based on the theme of “New Force, New Normal, New Breakthrough”, and Dongxu Optoelectronics (000413, shares it) The olefin king was launched in September, and September will be a very important flashpoint for the graphene plate. From the secondary market point of view, starting from August, the related concept stocks of the graphene sector have signs of a large inflow of funds, and the stock price has a lot of shadows. This paper provides a brief analysis of the graphene industry and a detailed analysis of the relevant stocks in the sector.

Second, the introduction of graphene

Graphene is a two-dimensional honeycomb-like lattice structure that is closely packed by a single layer of carbon atoms and looks like a plane formed by a hexagonal grid. Each carbon atom forms a regular hexagon with the surrounding carbon atoms through sp2 hybridization. Each hexagonal unit is actually similar to a benzene ring. Each carbon atom contributes an unbonded electron. The thickness of the single layer of graphene is only 0.335 nm, which is about one in 200,000 of the diameter of the hair.

In 2004, the physicists of the University of Manchester, André Gem and Konstantin Novoselov, succeeded in separating graphene from graphite, confirming that it can exist alone, and the two jointly won the 2010 Nobel Bell Physics Award.

Graphene classification

1. Single-layer graphene: refers to a two-dimensional carbon material consisting of a layer of carbon atoms periodically and closely packed with a benzene ring structure (ie, a hexagonal honeycomb structure).

2, double-layer graphene: refers to two layers of benzene ring structure (that is, hexagonal honeycomb structure) periodically and closely stacked carbon atoms in different stacking methods (including AB stacking, AA stacking, AA' stacking, etc.) A two-dimensional carbon material composed of stacks.

3. Less layer graphene: refers to the stacking of 3-10 layers of carbon atoms periodically and closely packed with benzene ring structure (ie hexagonal honeycomb structure) in different stacking modes (including ABC stacking, ABA stacking, etc.) a two-dimensional carbon material.

4, multi-layer or thick-layer graphene: refers to the thickness of the benzene ring structure of 10 layers or more and 10 nm or less (that is, the hexagonal honeycomb structure) periodically and closely stacked carbon atoms in different stacking methods (including ABC stacking, ABA stacking, etc.) A two-dimensional carbon material composed of stacks.

Graphene characteristics

Due to the special structure of graphene, it also exhibits specific energy that many other materials do not have.

1. Excellent electrical conductivity: Carrier electrons and holes in graphene are continuous, the mobility can reach 1×105cm2/Vs, and the electron transmission speed reaches 1/300 of the speed of light, which greatly exceeds that in general metal conductors and the conduction speed in a semiconductor, and thus it has excellent electrical conductivity.

2. Ultra-high transmittance: The absorbance of single-layer graphene in a wide wavelength range is only 2.3%, that is, the transmittance of single-layer graphene reaches 97.7%, which is much higher than the international standard for transparent conductive films 85% of the request.

3. Ultra-high strength: Graphene was found to be the material with the highest modulus of elasticity and strength after carbon nanotubes. Its strength is 100 times the strength of the world's best steel, the hardness is higher than the hardest material diamond in nature, and it has excellent flexibility and can be bent at will.

4. Ultra-high thermal conductivity: similar to graphite, diamond and carbon nanotubes, graphene also has a very high thermal conductivity, free-state single-layer graphene thermal conductivity can reach 5000W / mK at room temperature, is now Know the material with the highest thermal conductivity.

5. Large specific surface area: Because the thickness of graphene is only one carbon atom thick, single-layer graphene has a large specific surface area, which can reach 2630m2 / g, far greater than the specific surface area of ordinary activated carbon. Before the discovery of graphene in 2015, graphene was the thinnest material and the toughest material, with a breaking strength 200 times higher than the best steel. At the same time, it has good elasticity and can reach 20% of its own size. It is the thinnest and strongest material in nature. If you use a piece of graphene with a square meter of 1 square meter to make a hammock, you can bear a kilogram of cat by weighing less than 1 milligram.

Graphene industry chain

1. The impact of upstream industry operations on the graphene industry - Graphite industry download APP Read this article more in-depth reports

1. The impact of upstream industry operations on the graphene industry - graphite industry

Graphite is an important non-metallic mineral resource, which is classified into cryptocrystalline (crystallite) and crystalline depending on the crystal form. Among them, microcrystalline graphite is a metamorphic product of coal which is a dense aggregate composed of crystals with a diameter of less than 1 micrometer, also known as earthy graphite or amorphous graphite; crystalline graphite is a metamorphic product of rock with large crystals and mostly scaly. As a new material in the 21st century, graphite materials and their composite materials are widely used in metallurgy, chemical industry,special and other fields. In particular, large-size high-quality graphite, as an alternative material, has a wide application space in high-tech and high-tech fields.

Graphene preparation generally selects high-quality flake graphite, expandable graphite, etc., so as the beginning of the graphene industry, the mining of graphite minerals and the deep processing of high-purity graphite are very important.

In the secondary market, the graphene upstream concept stocks are: 600516 square large carbon (600516, stock bar), 601011 Bao Tailong (601011, stock bar) (see the next page for details)

2. The impact of downstream industries on their industries

The biggest bottleneck in the graphene industry is that it has not yet formed a complete industrial chain. At present, there is still no product that can apply graphene to scale production. The largest demand for graphene is still used by universities and research institutions.

Graphene's high strength, high conductivity and heat transfer, and large specific surface area can be used inspecial military, lithium-ion batteries, supercapacitors and other fields. However, due to its high cost, it has been in the research stage. . From the current technological development, the downstream industry most likely to achieve industrial use of graphene is in the field of composite materials and display technology. The addition of graphene to plastics, rubber, coatings and other substrates can greatly enhance the performance of products such as strength, toughness, electrical conductivity and heat transfer. In the field of materials, it is also the largest industrial application of graphene. .

Lithium Ion Battery

Significantly shorten the charging time and increase the battery capacity. At present, the power batteries used by global automakers mainly use lithium batteries, nickel-cobalt lithium aluminate batteries represented by Tesla, lithium iron phosphate batteries represented by BYD (002594), and Japanese cars lithium manganese oxide.

These three types of batteries have the highest energy density of lithium cobalt oxide batteries, but they are also the most unstable at high temperatures; lithium iron phosphate batteries are the most stable, but the energy density is the lowest. Lithium-ion battery technology has been quiet for 20 years without major technological innovations. The biggest obstacle is that lithium-ion batteries have limited power density, and their large amount of energy cannot be quickly received or released (that is, fast charge and fast release cannot be achieved).

Graphene is used in lithium ion batteries due to its large carrier mobility, which can greatly reduce the charging time; and because of its stability, it can improve the cycle stability of the battery; in addition, the battery capacity can be increased due to the large specific surface area.

Surface protection material

Graphene has stable structure, corrosion resistance, oxidation resistance, high strength, and easy growth on various metal surfaces. It can be widely used for surface protection of metal materials. At the same time, due to its conductivity and high thermal conductivity, it can also be widely used in the protection of organic materials and anti-static fields. It is conceivable that if a layer of graphene is plated on the surface of the car panel, there is no need to worry about the car being drawn!

Instead of silicon for integrated circuits, it helps drive unmanned

Silicon has brought us into the electronic age. Polysilicon has become the basic raw material for the semiconductor industry and is used as a substrate for integrated circuits. With the improvement of process technology, the current speed of silicon-based chips has reached the GHz level, but with the continuous advancement of technology, the requirements for computer speed are getting higher and higher.

However, the silicon-based chip is limited by the performance of the material itself, and it is difficult to increase the processing speed after reaching 4-5 GHz, and has gradually failed to meet the speed requirement. Among the many alternative materials, graphene is the most eye-catching because of its high strength, super high thermal conductivity and superconductivity.

Using graphene as a substrate to produce a processor capable of THz (ie 1000 GHz), IBM has developed a graphene transistor with ultra-fast speed in 2010, with a maximum frequency of 230 GHz, far exceeding the current silicon-based transistor operation speed. In July 2014, IBM announced that it will invest another $3 billion in research and development of carbon chip technology including graphene. Graphene is likely to replace silicon as the base material for the semiconductor industry in the future.

Unmanned technology is in the ascendant, and it requires superb and ultra-fast computing power. Data storage and processing systems have very high requirements for integrated circuits. Existing silicon-based chips are difficult to fully meet their needs, and the development of graphene-based carbon chips is difficult. The application will solve this technical bottleneck and provide powerful computing support.

Applied to supercapacitors, perfect acceleration

Supercapacitor is a new type of energy storage device. Compared with rechargeable batteries, it can perform unlimited current charging. Therefore, the charging and discharging rate is very fast, and the charging and discharging process can be completed in a few seconds. At the same time, it has high power and long service life. . The combination of a supercapacitor and a lithium ion battery can effectively solve the problem of slow acceleration of the electric vehicle.

Due to the large specific surface area of graphene, the supercapacitor with graphene as the electrode has an ultra-high capacity and can reach hundreds of F/g, which is much higher than the supercapacitor of other materials as an electrode, and is more suitable as a power source for the power battery source (600405, stock bar).

Application of graphene in supercapacitors

On July 2 this year, Hanergy announced four concept cars using solar energy as a power source. If one idea can be promoted in the automotive field one day, it is conceivable that the demand for solar cells in the automotive industry will increase significantly. At present, the transparent conductive material used in solar cells, displays and touch screens is mainly indium tin oxide (ITO). However, due to the fact that the transmittance of ITO to infrared light is actually relatively low, the utilization efficiency of solar cells for solar energy is still relatively low. In addition, the toughness of ITO materials is poor, which may affect the display effect when folded or stretched. .

Graphene has a very high electrical conductivity due to its special structure, and is almost transparent. It has an extremely high light transmittance for all wavelength bands. It is a transparent conductive material with excellent performance, so it is widely favored to replace ITO.

In the field of solar cells, Fuji Electric of Japan is in a leading position in development, the obtained graphene sheet has conductivity as high as several times that of ITO and can ensure a light transmittance of 90%, and has reached a level that can sufficiently satisfy the performance index. In the field of displays and touch screens, graphene has higher strength and better toughness than the current mainstream ITO materials, and as a transparent conductive material, it can be made into a bendable display device.

Graphene aerogel for exhaust air purification, catalytic carrier

The purification of indoor and exhaust air has always been an important issue in the field of automotive environmental protection. In 2013, Professor Gao Chao of the Polymer Science Department of Zhejiang University produced the world's lightest material, graphene ultra-light aerogel, with a material density of only 0.16 mg/cm3. This material has a simple preparation process and excellent performance. It has high elasticity and can be restored to its original state after being compressed by 80%. At the same time, it has ultra-fast and ultra-high adsorption capacity, and it is the material with the strongest oil absorption capacity so far. It can be widely used in air purification, catalytic carrier and other fields, and is of great significance for indoor air purification and catalytic reduction of exhaust gas.

Graphene industry development status

Although the research on graphene in China started late, it has a rapid development and has potential advantages. In recent years, the number of domestic patent applications and the number of applicants has grown very rapidly, and the technical topics involved are also more extensive. Jiangsu, Chongqing, Shenzhen, Heilongjiang and Chinese Academy of Sciences have collaborated and innovated in various forms, and have established industrial technology alliances to promote the optimization of innovative resources and the process of innovation and industrialization. China ranks third in the overall ranking of global graphene industry development strength, the top two are the United States and Japan.

In terms of industrialization of graphene, 2015 became the first year of the outbreak of China's graphene industry. On March 2, 2015, the world's first batch of 30,000 graphene mobile phones was released in Chongqing. The mobile phone uses the newly developed graphene touch screen, battery and thermal film to open a new era of graphene industrial application. After years of scientific research, the pace of industrialization of graphene enterprises in China has been accelerating, and the preparation process has shown diversified development. A few enterprises have the ability to produce large-scale graphene products.

The number of applications for graphene-related patents and intellectual property rights has increased year by year, especially in 2012-2014. In 2009, the number of global graphene patents was 948. By 2013, the number of patent applications reached 6,116, which is six times that of 2009, and the growth rate is extremely fast, reflecting that graphene has become a research hotspot in recent years. At present, the research level of graphene in China is at the forefront of the world, but some graphene core patents are still in the hands of a few big countries. In recent years, the global graphene technology patent is shifting from the preparation process to the downstream application. In the future, graphene is expected to accelerate the integration with the downstream application industry and promote the industrialization of graphene.

China's graphene application patents are concentrated in the fields of lithium battery, energy storage, composite materials, etc., and the layout is relatively narrow, and the main body is mostly colleges and universities. The research and development and application are out of touch to a certain extent. In the future, how to change the domestic graphene industrialization development, form a complete and mature industrial chain upstream and downstream, and develop a more cost-effective product are all urgent problems to be solved.

Third, the introduction of graphene related concept stocks

600516 Fangda Carbon: China's leading carbon and graphite products company, with high quality graphite resources

[Main business]: the company is a leading enterprise in China's carbon and graphite products. Its products are sold well in more than 30 provinces and cities in China and exported to Europe, America, Japan, Southeast Asia and Africa. Fangda Carbon is China's first large-scale integrated carbon production enterprise designed and constructed by itself, it is also the only large-scale blast furnace carbon brick production base in China. The company is one of the few enterprises in China that can produce ultra-high-power graphite electrodes with diameters of 700mm and above. . According to the 2013 annual report, the company is currently in the carbon industry with the largest capacity in Asia and the third in the world. The company's carbon production, sales volume, operating income and total profit rank first in domestic carbon enterprises, and its output and operating income are second only to German SGL. UCAR, the largest carbon producer in Asia and the third largest in the world, has a market share of more than 22% in the domestic market for graphite electrodes and carbon bricks.

[Layout graphite industry chain]: In 2013, the investment was about 2.1 billion yuan (including the use of fundraising of 1.8 billion yuan) to build a 30,000 tons/year special graphite manufacturing and processing project. The construction period of the project is about 22 months. After the project is put into production, It is estimated that the annual sales income will increase by 3 billion yuan, and the annual after-tax profit will be 694 million yuan. After the completion of the fundraising project, the company will build the world's largest special graphite production base. The comprehensive production capacity of needle coke and ultra-high power graphite electrodes will also rank first among global carbon companies.

[Cooperate with Chinese Academy of Sciences]: In November 2013, the company and its wholly-owned subsidiary Chengdu Carbon and the Shanghai Institute of Applied Physics of the Chinese Academy of Sciences unanimously agreed to carry out multi-level and multi-level research on domesticspecial grade graphite material system evaluation, engineering application and resource sharing. Forms of close technical cooperation and signed a strategic cooperation framework agreement.

The two sides agreed to jointly establish the “National Nuclear Graphite R&D Center for Molten Salt Reactor” to jointly study the applicability and reliability of domesticspecial grade graphite in the bismuth-based molten salt solid fuel experimental reactor and the sulfhydryl-based molten salt liquid fuel experimental reactor. Graphite and molten salt compatibility evaluation technology, forming the core competitiveness of future advancedspecial energy domesticspecial graphite engineering applications.

[Graphite Mine Injection Expectation]: In February 2015, the controlling shareholder Fangda Group (000055, shares it) signed a letter of intent for cooperation with Dongfang Hengtai and Dongfang Hengtai shareholders Lei Lei and Lei Hao, intending to cooperate in the development of Luobei in Heilongjiang Province. County's graphite ore resources (Oriental Hengtai holds the gold polymetallic prospecting right in Luobei County, Heilongjiang Province, and has recently discovered large-scale high-grade graphite ore resources within the scope of the exploration. In view of the fact that the prospecting exploration project is currently gold-polymetallic In the census, Dongfang Hengtai is in the process of changing the exploration project to a detailed inspection of graphite mines. Fangda Group promised to inject the graphite resources into the company when the exploration rights completed the exploration project and completed the reserve filing work with the land and resources department.

601011 Baotailong: upstream graphite concentrate, graphene finished product production, graphene application, complete industrial chain

[Main business coal chemical industry] The company is a large-scale coal chemical recycling economy enterprise integrating coal mining, raw coal washing, coking, coke oven gas methanol, coal tar hydrogenation, CDQ power plant and heat supply.

[Graphite Resource Advantage] In 2015, the company obtained the exploration rights of Dongrun Graphite in Qitaihe City by auction (the Qitaihe graphite deposit is one of the three largest graphite deposits in Asia) with a total exploration area of 16.35 square kilometers, May 2015. Start exploration work. As of December 31, 2015, in the exploration area of less than 5 square kilometers, 56 graphite ore bodies were identified, with a total horizontal thickness of 414.5 meters. The ore volume was found to be about 41.45 million tons, and the amount of crystalline minerals was about 3.108 million. Tons, belonging to a large-scale mining area (the above data comes from the “Working Summary of the 2014 Survey of the Jungle Graphite Mine in Qitaihe City, Heilongjiang Province” produced by the Sixth Geological Exploration Institute of Heilongjiang Province in December 2015). The graphite exploration work will be completed by the end of 2016. A refined report was formed in early 2017. The Dongrun Graphite Mining Area of ??Qitaihe City will provide sufficient raw material guarantee for the company to develop graphene and graphite deep processing projects.

[Application and development of graphene and derivatives in new energy] In July 2015, the company and the Institute of Nuclear and New Energy Technology of Tsinghua University signed a framework agreement for the application of technology and R&D of graphene and derivatives in the field of new energy. 10,000 yuan, will invest no less than 30 million yuan in 5 years, have the right to use the common patent, and work around the following three technologies: graphene modified lithium ion battery current collector industry technology; high specific energy lithium sulfur battery Preparation and application technology of graphene/sulfur composite electrode materials; application technology of graphene thermal conductive materials in thermal management of battery modules. For graphene and its derivatives, in the application of new electrode materials, new conductive agent materials, current collector modification, and new system batteries, the electric vehicle power battery is the main entry point in the early stage.

[Graphite-related patents] In January 2016, 5 patents (two invention patents and three utility models) independently researched and developed by the company were being submitted for approval. The above-mentioned patent laboratory technology has been successfully developed, and the patents independently developed by the company have been successfully Through the pilot test and the production of graphene products, the output is about 10 kg / day, the company's sales department is doing market research, and has not yet sold. In May 2015, the company plans to build a 100-ton/year graphene industrialized production project in Qitaihe through technology introduction. It is the largest production scale in China. The project is expected to have a total investment of 180 million yuan and an estimated annual profit of 253.61 million yuan. The transfer fee is 15 million yuan. The company intends to realize the industrial transformation and upgrading through the construction of the project and improve the company's business performance. The project is in line with the company's development needs and the company's strategic planning; in July 2015, to promote the company's construction in Qitaihe City 100 The ton/year graphene production project, the company decided to invest 100 million yuan to establish a wholly-owned subsidiary Qitaihe Baotailong Graphene New Materials Co., Ltd.

000413 Dongxu Optoelectronics: Graphene new expensive, industrial application accelerated landing

[Main business] The company's main business is the development, production and sales of flat panel display glass substrates and their equipment, production and sales of electric vacuum glass devices and their supporting electronic components, construction and installation engineering, sapphire business, etc the largest local manufacturer of liquid crystal glass substrates.

[Construction of Graphene Alkenyl Lithium Battery Project] In July 2016, the company's holding subsidiary, Shanghai Carbon Source Huigu and Taizhou Industrial Park Management Committee signed the "Graphite Alkali Lithium Battery Project Investment Agreement", on Shanghai Carbon Sources Valley Invested in the investment in graphene-based lithium battery project in Taizhou New Energy Industrial Park. The project will be constructed in two phases. The first phase will build a production line with an annual output of 3 tons of low-cost high-quality single-layer graphene, one production line with an annual output of 300 tons of lithium battery positive/negative materials; the second phase will build an annual output of 150 million Wh of power battery. Core and pack production plant. Construction of the first phase of the production line will start in the second half of 2016 with a construction period of 12 months. The total investment of the project is 500 million yuan, of which the first phase investment is 250 million yuan. The Taizhou Graphene Lithium Battery Project is the company's first graphene project from the laboratory to industrialization. This investment will help the company accelerate the strategic layout of the graphene industry.

[Joining Lansi Technology (300433, stock bar) to develop graphene] In June 2016, the company signed a strategic cooperation framework agreement with Lansi Technology. The two parties jointly promoted various cooperation contents in the development and application of photoelectric display materials including high-aluminum cover glass, sapphire glass and graphene-based flexible display. The company relies on advanced flexible display material technology such as graphene-based flexible display and “Panda Panda” cover glass and sapphire material application technology to fully cooperate with Lansi Technology to jointly expand the application market of flexible display and sapphire materials in emerging fields. .

[The proposed graphene industry development fund] In May 2016, the company signed the Cooperation Agreement with Tianjin Dongli and China Graphene Alliance. The company plans to invest in Tianjin Dongli (or Tianjin Dongli Designated Platform Company) and the China Graphene Alliance under the fund management company to set up the olefin alliance graphene industry development fund in Dongli District, Tianjin; the fund will give priority to Tianjin Dongli The projects that have been settled are invested in investment and investment. The China Graphene Alliance will provide funds for fundraising support; and it plans to hold at least one international high-end forum every year, and in five years, the alliance will become an international platform for graphene technology, finance, and industry.

[The Graphene Industry Development Fund has been established] In March 2016, the company and the People's Government of Yuyang District, Deyang City Sichuan Province jointly launched the Dongxu Deyang Graphene Industry Development Fund to promote the construction of the “Sichuan Graphene Industrial Park”. The scale of the industrial fund is 200 million yuan, with a term of 3 + 2 years. The company or company holding company subscribes for 19.8% of the total fund size, or 39.6 million yuan.

In March 2016, the company and Taizhou New Energy Management Committee jointly launched the Dongxu Taizhou Graphene Industry Development Fund with a scale of 100 million yuan. In the future, the total fund size can be enlarged to more than 1 billion yuan. The company or company holding company subscribes for 25% of the total fund size, or 25 million yuan. The fund investment focuses on the domestic and international graphene industry technology innovation, project incubation, product development and key upstream and downstream application areas, industrial integration and transformation of results.

In March 2016, the company signed the Strategic Cooperation Agreement of Dongxu Deyang Graphene Industry Development Fund with the People's Government of Yuyang District, Deyang City, Sichuan Province. The two parties decided to rely on the company's existing graphene R&D and investment and financing platform to jointly establish the Dongxu Deyang Graphene Industry Development Fund, promote the construction of “Sichuan Graphene Industrial Park”, and strive to build the first scientific research innovation and incubation application in the west integral cluster of the whole industry chain - "Western Carbon Valley". The two sides jointly set up a scale of 200 million yuan, and the company contributed 39.6 million yuan to subscribe for 19.8% of the total fund size. The fund will focus on the domestic and international graphene industry technology innovation, project incubation, product development and key upstream and downstream application areas, industrial integration and transformation of results.

[Graphite Research Institute of Northern Engineering] In August 2014, the company signed an agreement with Beijing Institute of Technology to develop industry-university-research cooperation in the field of graphene new materials. The agreement is valid for five years. The two parties intend to jointly build the “Dongxu Photographene Technology Research Institute” as the cooperation platform and incubator for production, education and research, and use the company's industrial base and facilities to select the relatively mature graphene research results of Beijing Institute of Technology development, making it a scientific and technological achievement that can be applied to industrial production of enterprises.

[Graphite industrialization landing]: Dongxu Optoelectronics on July 8th graphene-based lithium-ion battery product launch conference, marking the graphene battery industry landing. The battery significantly shortens the charge and discharge time and prolongs the battery life, which has a major disruptive impact not only on electronic products, but also on new energy fields such as electric vehicles. The release of the "Alkyd mobile power" capacity of 4800mAh, charging time is only 13-15 minutes, 20 times shorter than the ordinary mobile power supply, the cycle life has also increased significantly to 3500 times.

002631 Del Future (002631, shares it): Participation in the acquisition of graphene company, forming a layout of industry, academia and research

[Main business]: the company's original main business is the research and development, production and sales of laminate flooring and solid wood composite flooring. In early 2015, the company formulated the development strategy of “smart internet home industry + graphene new materials and new energy”. On the one hand, we will continue to strengthen and expand the home fur industry to develop smart homes, and at the same time carry out the layout of emerging industries, create a new energy application industry chain of graphene new materials, foster new profit growth points of the company, and broaden the future development space of the company.

[Full Control Boao Technology and Ethylene Graphene] In March 2016, the company plans to increase the price of 16.38 yuan per share by 16.28 yuan/share and pay cash: 70% equity of Boao Technology, trading consideration of 363 million yuan; 79.66% equity of the olefin, the transaction consideration price of 242 million yuan; at the same time, it is planned to increase the amount of 20.176 yuan / share to not exceed 187,288,000 shares to raise matching funds of 386 million yuan to pay the transaction cash consideration and intermediary fees.

Boao Technology is mainly engaged in the research, development, production and sales of synthetic graphite high-conductivity film. The main products are new materials and new solutions for consumer electronics products in recent years. The olefin-forming graphene is mainly engaged in the research, development, production and sales of graphene preparation equipment. The products are mainly used in the scientific research of universities and research institutes; the company has a 60% market share of vapor deposition method graphene preparation equipment. The counterparty promised: Boao Technology's consolidated net profit for 2016-2018 is not less than 47 million yuan, 60 million yuan and 80 million yuan respectively; the net profit of the consolidated statement of 2016-2018 is not less than 20.8 million yuan, 33 million yuan and 50 million yuan. Upon completion of the transaction, the company will hold 100% equity of Boao Technology, and the company and its wholly-owned subsidiary, Delta Graphene Industry Investment Fund, will hold 100% equity of olefinic graphene.

[Own Graphite Mine] The holding group owns 60 million tons of graphite ore. Delta Graphite Mining Co., Ltd., a subsidiary of the company's controlling shareholder, has its own graphite mine in Tongliao, Inner Mongolia. The mining area covers an area of 16.9 square kilometers, with a reserve of about 60 million tons, accounting for about 12% of the country.

[Definitely build and build graphene lithium battery] In August 2015, the shareholders' meeting passed a fixed increase. The company plans not to be less than 21.81 yuan / share to increase by no more than 91.71 million shares, the total amount of funds raised is not more than 2 billion yuan, investment in two projects: graphene-containing super lithium battery project, a total investment of 1.3 billion yuan, raising funds of 1.2 billion yuan, The construction period is 24 months and the production capacity is 650 GWh/year. After the project is fully put into production, the annual average operating income will be 1.008 billion yuan, and the average annual net profit will be 154 million yuan. Graphene-containing super lithium battery materials (negative electrode materials, ceramic diaphragms) And soft package) project, with a total investment of 997 million yuan, raising funds of 800 million yuan, construction period of 24 months, capacity of negative electrode material 30,000 tons / year; ceramic diaphragm 70 million square meters / year; soft package material 70 million square meters / Year, after the project is fully put into production, it can realize an annual business income of 1.819 billion yuan and an average annual net profit of 294 million yuan.

[Graphene Industry Fund] In April 2015, the shareholders' meeting agreed that the company set up a wholly-owned subsidiary, Suzhou Del Graphene Industry Investment Fund Management Co., Ltd., as a strategic foreign investment platform for graphene new materials and new energy. The direction of Suzhou Del Investment is: cooperation with research institutes in production, research and research, providing technical support for the development of graphene industry chain; lithium ion anode materials, supercapacitors and other new energy storage industries; future application of graphene composite materials to households Products, and further investment in air purification materials, sewage treatment and other fields through industrial investment funds using new graphene materials.

[Graphene Research Institute] The company established the Graphene Research Institute through its Delta Graphene Industry Fund with a contribution of RMB 37.5 million to integrate scientific research resources and open channels for production, research and research. Its expert team members include Liu Zhongfan, academician of the Chinese Academy of Sciences, and Dong Guocai, executive vice president of the former Jiangnan Graphene Research Institute.

000009 China Baoan (000009, shares it): three subsidiaries engaged in graphene related research and development production

[Main three major industries] The company's main business is high-tech industry, real estate industry and bio-pharmaceutical industry. In the high-tech industry, it has the world's first Shenzhen Betray, which is dedicated to the use of anode materials and nanomaterials for lithium ion secondary batteries. In the real estate industry, it holds a 19.8% stake in Baoan Real Estate (000040, shares). In the bio-pharmaceutical industry, the company's holding company Ma Yinglong (600993, shares it) pharmaceutical group, other bio-pharmaceutical companies as well as Shenzhen Dafo Pharmaceutical, Tangren Pharmaceutical.

[Graphite Resources] Li Hongsheng jointly established Jixi Yuanyuan Mining in the name of Sun Yaobin and Betray, in which the other party invested in the evaluation of assets such as graphite mining and mineral processing equipment. According to the exploration geological report of the First Institute of Mineral Geology of Heilongjiang Province, the total reserves of graphite ore in the above two ore sections are about 70 million tons. It is estimated that there are still more than 50 million tons of reserves, of which more than 30 million tons of Langjiagou section, about 20 million tons of station before the station. In June 2013, the construction of Changyuan Mining was basically completed and trial production. Changyuan Mining is mainly engaged in the processing of graphite mining, mineral processing and graphite products, and its annual processing capacity of graphite ore is 600,000 tons.

[Graphite Subsidiary Betray] In March 2015, the company completed the acquisition of 868.17 million shares (8.33 yuan/share) to 49 specific objects and acquired 32.1457% of Betray (estimated value was 724 million yuan. After the transaction was completed) a total of 89.93% stake in Betray is held).

Betray is one of the world's leading suppliers of anode materials for lithium-ion batteries, in the development of next-generation positive and negative materials such as silicon carbon, soft carbon, layered lithium manganate, and layered ternary materials, breakthroughs have been made. Betray signed a cooperation agreement with China Railway Resources. Based on the graphite mineral rights owned by China Railway Resources and the graphite deep processing technology and market owned by Betray, we will cooperate in graphite mining and deep processing (the mining of Yunshan graphite mine: China Railway Resources transferred Yunshan Graphite Company to Betray 30% equity, the two parties formed a joint venture company based on 70:30 share ratio, responsible for the mining operation of Yunshan Graphite Mine. The beneficiation of Yunshan Graphite Mine: the two parties registered and established a mineral processing joint venture in Luobei County according to the ratio of 50:50 shares. The registered capital is not less than 50 million yuan. The two parties undertake the investment and financing responsibility of the ore dressing project according to the share ratio, and the joint venture company carries out the design, construction and operation of the Yunshan graphite ore beneficiation project. Graphite deep processing: the ratio of the two parties is 50:50 Established a natural graphite deep processing company in Xing'an District, Hegang City with a registered capital of not less than 50 million yuan. Developed a global research and development base for lithium ion anode materials with global influence, and finally formed a natural graphite deep processing base for multi-products such as anode materials, graphite emulsion and fluorinated graphite.

In the application development of graphene, Betray and the Southern University of Science and Technology jointly launched the Shenzhen Advanced Graphene Application Technology Research Institute, focusing on solving the application of graphene in the industry; and reaching cooperation with Swedish company and Huike Electronics Intention, in the field of graphene thermal conductive material technology application research.

[Graphite-based subsidiary Beijing Baohang] Beijing Baohang (formerly Ai Rui Foster (603806, shares) (Beijing) Technology Development Co., Ltd.), which was controlled by the company in May 2015, is mainly used for aluminum-based composite materials forspecial equipment. The cooperation target is AVIC Aviation Materials Institute, and at the same time, it starts the construction of the engineering R&D center jointly built with the Aviation Materials Institute, and is committed to the research of military products.

In terms of graphene, the company cooperates with the Aviation Materials Institute to focus on the preliminary research and development of electronic packaging and other products. The two parties are discussing the cooperation in the whole process of “exploration pre-research engineering application/trial production” of graphene electronic packaging materials and graphene rubber materials and industrialization.

[Graphite-based subsidiary Harbin Wanxin Graphite Valley] Harbin Wanxin Graphite Valley Technology Co., Ltd., a subsidiary of the company, signed a cooperation agreement with the Institute of Industrial Technology of Peking University, and agreed to establish the “Peking-Baianan Carbon Technology Joint Laboratory”.

600503 gorgeous family (600503, shares it), Acquired Moken Holdings, the world's first flexible smartphone

[Intelligent Robot + Graphene + Near Space Vehicle] In December 2015, the CSRC issued a review application through the company. In May 2015, the company's general meeting of shareholders agreed to raise 476 million yuan to raise 476 million yuan to 2.6656 billion yuan, acquire 100% of the shares of Moken Holdings, and invest in intelligent robot projects (including intelligent robot research and development projects, intelligent robot production base projects, It plans to invest 330 million yuan and 370 million yuan in funds and adjacent spacecraft projects (including adjacent spacecraft test site projects, adjacent spacecraft development and manufacturing projects, and plans to invest 380 million yuan, 435.6 million yuan).

[Monet Holdings] Mokens Holdings has a 500 ton/year graphene microchip production line and a 1 million square meter/year graphene film production line. Chongqing Moxi and Ningbo Moxi are the platforms specialized in the research and industrialization of graphene under the management of Mokens. The end products currently available for sale include graphene paste, graphene powder, graphene conductive film, TP (Touch screen) and smart terminal products (smart phones and e-books, etc.).

Moken Holdings cooperated with Ningbo Institute of Materials Technology and Engineering of the Chinese Academy of Sciences and Chongqing Institute of Green Intelligent Technology of the Chinese Academy of Sciences to establish Ningbo Moxi and Chongqing Moxi. Ningbo Moxi is mainly engaged in R&D, production, wholesale and application technology consulting services for graphene and products, and will establish a production line with an annual output of 1,000 tons of graphene. Chongqing Moxi is mainly engaged in the research, production and sales of graphene products, and will establish a production line with an annual output of one million square meters of graphene film.

[Graphene Business Security Phone] In September 2015, Chongqing Moxi Technology and Huasenxin Company signed the “graphene business security mobile phone purchase agreement”. Huasenxin Company customized the national encryption algorithm hardware-encrypted graphene safety mobile phone with the graphene touch screen, graphene battery and graphene thermal conductive film as the core components and the four-level standard guaranteed by the National Secrecy Bureau. The phone is mainly for the financial industry, government departments and high-end business people. Huasenxin Company plans to purchase 20,000 sets from Chongqing Moxi Technology and deliver them all before December 31, 2015, with a total sales amount of 38 million yuan. This purchase transaction marks the hardware encryption security of the national secret algorithm that meets the four-level standard of the National Secrecy Bureau and is officially pushed to the terminal mobile phone market.

603618 Hangzhou Electric Power Co., Ltd. (603618, stock bar): researching graphene with the University of New South Wales and New South Innovation Company

[Main business] The company is one of the major enterprises in the domestic wire and cable industry. The predecessor Hangzhou Cable Factory was one of the earliest cable companies established in China, and it is the key backbone enterprise in the cable industry of the former Ministry of Electrical and Mechanical Services. The company's power cable products have been successfully applied to the Beijing Olympic Games, Guangzhou Asian Games, the Three Gorges Project, Beijing-Shanghai high-speed rail and major projects such as Beijing, Shanghai and Hangzhou Metro. Aluminum alloy wires are also exported to Ethiopia, India, Pakistan, Bangladesh, Myanmar, Ghana, Cuba, Brazil and other countries and regions.

[Graphite field research] In April 2016, the company signed a cooperation agreement with the University of New South Wales, Australia and Australia New South Innovation Co., Ltd. The three parties jointly studied the use of graphene to improve the electrical conductivity of power cables and the development and industrialization of grid-level graphene supercapacitors. The company and Xinnan Innovation invested 20 million yuan and 5 million yuan respectively to set up "Zhejiang Hangdian Graphene Technology Co., Ltd.". The basic research and development will be carried out at the University of New South Wales in Sydney, Australia, and the industrialization will be carried out in Hangzhou. The company will invest a total of 100 million yuan in the company in five years.

In summary, the relatively pure stocks of the graphene concept are recommended: 000413 Dongxu Optoelectronics, 603618 Hangzhou Electric, 601011 Bao Tailong, 600516 Fangda Carbon, 600503 Gorgeous Family, 000009 China Baoan.

The page contains the contents of the machine translation.