Accelerate Dow's 1.5 billion yuan plan to strengthen the construction of lithium electric materials.

Dow Technology acquisition better energy 49% stake, valued 1.323 billion yuan; Acquired 45% of Qingdao HaoXin, price 180 million yuan, two trades amount is 1.503 billion yuan. After completion of the transaction, good energy and Qingdao HaoXin will become a wholly owned subsidiary of Dow Technology.

The main ceramic ink listed company Dow technology accelerated the again lithium electricity layout of the materials.

Recently, the Dow technology, according to the announcement to guangdong jia na energy technology co., LTD. (hereinafter referred to as the "best energy"), Qingdao HaoXin new energy technology co., LTD. (hereinafter referred to as "Qingdao HaoXin") other hold party acquiring the equity stake.

According to the deal, according to Dow technology acquisition better energy 49% stake, valued 1.323 billion yuan; Acquired 45% of Qingdao HaoXin, price 180 million yuan, two trades amount is 1.503 billion yuan. After completion of the transaction, good energy and Qingdao HaoXin will become a wholly owned subsidiary of Dow technology.

Dow technology since 2016 through the merger and purchase lithium electricity industry, in addition to holding good energy and Qingdao HaoXin, also in building "lithium mica industrialization project" comprehensive exploitation and utilization. Implementation of the above two wholly owned company, Dow technology can improve its upstream in li-ion battery lithium, cobalt salt, the ternary precursor materials, conductive agent.

According to Dow technology in 2017 annual report shows that the conductive agent to achieve revenue of 113 million yuan, accounting for more than 6.67% of total revenue; Cobalt salt revenue of 379 million yuan, accounted for 22.37% of total revenue; Ternary precursor to achieve revenue of 309 million yuan, accounted for 18.2% of total revenue. Total of li-ion battery materials business accounted for Dow technology up to 47.24% total revenue.

There is no doubt that based on ceramic ink, drop printing glaze and glaze for the main business of Dow technology, nearly two years after layout, new energy materials has become the new engine for its growth.

The following specific look at energy and the strength of the Qingdao HaoXin:

Jia na energy: 12000 tons of ternary precursor production ability

Good energy, the main products for the ternary precursor and cobalt salts, mainly for the production lithium battery anode material, the main products include cobalt sulfate, cobalt carbonate, cobalt chloride, cobalt oxalate cobalt salt and ternary precursor products.

To expand the business scope, consolidate the li-ion battery materials market position, better energy side by merger and purchase and ensure raw material supply, while expansion has set up a subsidiary to accelerate.

Existing capacity and expansion, the current energy is better, with 6000 tons of metal cobalt salt and 12000 tons of ternary precursor production capacity. Jia na energy plans to invest 375 million yuan on the basis of existing capacity increase a 10000 tons of ternary precursor and related auxiliary materials production line, this project has started in early 2018, in 2019 officially go into mass production. At the same time, Hunan, as a good energy in Hunan province set up production base, is to build "the annual output of 20000 tons power battery anode material "project.

Aspects of supply chain, better the energy required to produce the raw materials mainly come from the Congo (gold), by the international business department to GLENCORE, upstream international mining companies such as SMR or purchasing commodity traders. On January 10, 2018, beautiful, energy, a subsidiary of Hong Kong better by trading with MJMSARLU 100% stake.

Data show that MJM company is located in Congo (gold), is mainly engaged in metal cobalt, electrolytic copper and other related products production and sales of cobalt. At present, the MJM Congo (gold) is a new annual output of 2000 tonnes of cobalt wet cobalt metal products production line. Is expected in the second half of 2018 can be put into production.

MJM, after the completion of transaction, the company will become the important channels of resources of the energy security, through the intervention of cobalt resources of upstream raw materials distribution, improve the new energy battery important raw material of cobalt resources reserve; Direct access to cobalt minerals from Congo (gold), reduce the upstream raw material price fluctuations of Guangdong better the influence of the operating cost, energy technology co., LTD.

Better future energy revenues consist of cobalt salt series sales revenue generation processing, cobalt salt, ternary precursor. According to the preferred energy plan, the future of cobalt salt products in addition to meet existing customer needs, meet the three yuan precursor production, spare capacity can provide customers with cobalt salt generation process.

Qingdao HaoXin: BYD hin/countries/tico bulk supply

The main products of the Qingdao HaoXin for graphene conductive agent and carbon nanotube conductive agent, the main customers include BYD, the porch high-tech, such as domestic tico technology power battery enterprises. At present, Qingdao HaoXin plan new 600 tons of carbon nanotube conductive agent production line.

Announcement shows that according to BYD and the high-tech of the traditional battery production plan in 2018, BYD is expected to graphene conductive agent demand of about 100 tons/month, the porch high-tech graphene conductive agent demand of about 200 tons/month.

In January 2018, graphene conductive agent actual sales are 197 tons, graphene conductive agent in February 2018, and the actual sales are 163 tons. The main reason is influenced by the Spring Festival, battery manufacturer in January and February capacity has not released in full, lead to form a complete set of conductive agent due to the decrease in demand. The estimate 2018 Qingdao HaoXin graphene conductive agent sales are about 3200 tons.

Qingdao HaoXin in January 2018, actual sales for 251 tons of carbon nanotube conductive agent, carbon nanotube conductive agent in February 2018, the actual sales of 252 tons. Qingdao HaoXin carbon nanotube conductive agent sales volume is relatively stable, so this is expected in 2018 Qingdao HaoXin carbon nanotube conductive agent sales throughout the year for 250 tons/month x = 12 tons of 3000 tons.

Data show that Qingdao HaoXin 2017 operating income of 113 million yuan, net profit of 23.9797 million yuan.2016 revenue of 62.368 million yuan, net income of 16.12 million yuan.

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