Tianqi shares: the effect of deep-plowing recycling industry is remarkable

Tianqi shares have been surveyed by a number of institutions. According to the company, in 2017, the company implemented a related acquisition of Shenzhen Qiantai Energy Recycling Technology Co., Ltd. (“Qiantai Technology”) and Longnan Jintaige Cobalt Co., Ltd. (“Jintai Pavilion”). The main business of Qiantai Technology involves the dismantling of scrap cars from new energy vehicles at the front end to the utilization and physical crushing of power batteries. The link after the physical smash is the elemental recovery of the lithium battery, which is the main business of Jintai Pavilion. The acquisition of the target Qiantai Technology and Jintai Pavilion with significant synergy will further promote the construction of the company's entire industrial chain.

The announcement shows that Qiantai Technology's commitment to the audited consolidated statements realized in 2018, 2019 and 2020 is not less than RMB 160 million. In view of the achievability of Qiantai's technical performance commitment, the company stated that the Qiantai Technology (Shenzhen) Power Battery Eco-Industrial Park construction project has been included in the 2016 Guangdong Provincial Key Construction Project and the “13th Five-Year” National Major Construction Project Library. At present, the Qiantai technology squat project is under construction. After April this year, with the dismantling equipment entering the factory, the new energy vehicle scrapping and dismantling, and the battery recycling related business, the expected performance will continue to rise. Tianqi shares stressed that the current stage of Qiantai Technology's revenue comes from its subsidiary Shenzhen Langeng Battery Co., Ltd. (referred to as “Langeng Battery”). At this stage, the products cover the fields of mobile communication, digital and other IT communication, and actively develop and expand electric In the field of power batteries such as tools and electric vehicles, the company will seek cooperation with the government in the future to provide a technology platform for monitoring the entire process of power batteries. In addition, it is worth noting that Tianqi shares said that the second phase of the Jintaige project is expected to be put into operation in May and June 2018. After the completion of the second phase of the project, the production capacity will be expanded to about 2,000 tons. At the same time, by optimizing and adjusting the process, the gross profit margin after deep processing will increase to about 18%.

Recently, the Ministry of Industry and Information Technology and other seven ministries and commissions jointly issued the "Interim Measures for the Recovery and Utilization of Power Battery for New Energy Vehicles", which clarified the main responsibility of battery recycling in new energy automobile enterprises, and proposed that car companies should establish power battery recycling channels and be responsible for recycling new energy vehicles. And waste power storage batteries generated after being scrapped. It is predicted that the market for used power battery recycling in 2018 will reach 5 billion, and the market size will increase rapidly in the future. Insiders pointed out that Tianqi has established a relatively complete industrial chain from recycling, dismantling to trading, and promoted the further extension of the scrapping automobile recycling industry through acquisition, improving the company's industrial layout in the whole life cycle of the automobile, and is expected to benefit in the future. The future is expected to benefit from the recycling of lithium battery power market.

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