The contribution of lithium battery materials in Xiamen Tungsten continues to increase, with revenue of 14.1 billion in 2017!

In the case of NCA and NCM cathode materials with high energy density advantages, in line with the future direction of power battery upgrade, Xiamen Tungsten Industry seized the opportunity in 2017, focusing on expanding the corresponding material production capacity, respectively expanding its Xiamen base by 10,000 tons, Sanming expansion 6000 tons, Ningde base designed 20,000 tons of cathode material capacity.

On March 30, Xiamen Tungsten Industry (600549) 2017 annual report showed that the company achieved revenue of 14.188 billion yuan in the year, an increase of 66.37% over the same period of last year; net profit attributable to shareholders of listed companies was 618 million yuan, an increase of 320.66%. Among them, the revenue of battery materials was 4.081 billion yuan, a year-on-year increase of 99.02%, accounting for 28.76% of the total revenue. Meet the previous performance expectations.

In the field of lithium batteries, Xiamen Tungsten is mainly engaged in lithium battery materials related to cathode materials. Through the implementation of the big customer strategy in sales, the operation to follow the changes in the raw material market in real time, timely adjust the operating inventory, and ensure the supply of major materials, the supply and profitability of lithium-ion battery materials in Xiamen Tungsten has been greatly improved in the past two years. .

2016-2017 Xiamen Tungsten Lithium Ion Battery Material Production and Sales Overview

2016-2017 Xiamen Tungsten Lithium Ion Battery Material

In the case of NCA and NCM cathode materials with high energy density advantages, in line with the future direction of power battery upgrade, Xiamen Tungsten Industry seized the opportunity in 2017, focusing on expanding the corresponding material production capacity, respectively expanding its Xiamen base by 10,000 tons, Sanming expansion 6000 tons, Ningde base designed 20,000 tons of cathode material capacity.

In addition, considering the extreme shortage of domestic cobalt resources, it is extremely dependent on imports, and the current supply side is tightening and is highly sought after by social hot money, resulting in the continuous rise of cobalt prices. In August 2017, Xiamen Tungsten invested 78 million yuan to increase capital. Cangzhou Haopeng, which is mainly engaged in the recycling and processing of secondary battery renewable resources, entered the battery recycling industry.

Relevant institutions predict that the recycling market created by recycling metals such as cobalt, nickel, manganese, lithium, iron and aluminum from waste lithium batteries will exceed 5 billion yuan in 2018 and reach 13.6 billion yuan in 2020. The industry generally believes that with the expansion of the future ternary power battery, the source of cobalt metal will mainly come from the recycling field.

The deployment of battery recycling in Xiamen Tungsten will further ensure the stability of the company's raw material supply, extend the industrial layout, and enhance the company's comprehensive strength and core competitiveness. In fact, including the acquisition of Bangpu Group in Ningde era, the expansion of Hunan Bangpu power battery Recycling Project, and the increase of GEM to Cuizhou GEM, more and more related companies are stepping up the layout of this market.

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