Shanshan shares: the world's largest lithium battery positive and negative electrode, electrolyte material supplier

Many people think that the main business of Shanshan is a suit. But in fact, it has completely transformed into a lithium battery industry company, and is the world's largest supplier of cathode, anode and electrolyte materials for lithium batteries.

The above changes can be analyzed from Shanshan’s business annual report data. In 2017, Shanshan’s annual report showed that the company’s annual operating income was 8.27 billion, a year-on-year increase of 51.07%, and net profit was 896 million, an increase of 171.42% over the same period. The net profit after deducting non-recurring gains and losses was 441 million, a year-on-year increase of 72.07%. Among them, the new energy business realized 7.489 billion, accounting for 90.5% of the total operating income; the clothing brand operating business was 666 million, accounting for 8.1% of the company's total operating income, and the net profit attributable to the company was 49.374 million, accounting for 5.5%. From the perspective of revenue growth, the 2017 revenue growth rate from 2016 is also from the new energy business. For example, the lithium battery material sector has nearly 2 billion in revenue, and many other businesses related to new energy. Nearly 700 million is in revenue.

It is reported that the positive electrode material produced by Shanshan has ranked first in the country in terms of brand competitiveness for four consecutive years, while the negative electrode material also topped for the first time in 2017, and the electrolyte rose to the fourth in the country. The transition is successful.

Moreover, Shanshan’s spin-off of the apparel business has also been recognized by the securities industry. The research report of the Tianfeng Securities Research Report on April 26th believes that the company is currently focusing on the new energy sector in order to make the apparel business better. Financing platform, the company split clothing business listed in H shares. With the spin-off of the apparel business, Shanshan can focus more on the battery materials business.

It is reported that Shanshan has established a lithium battery new energy materials industry as the company's main business and the investment in technology research and production capacity and capacity scale will continue to increase in the future.

From the perspective of R&D technology, Shanshan, as the first enterprise in China to industrialize lithium battery technology, has established a national enterprise technology center, two provincial enterprise technology centers, and two postdoctoral workstations in high pressure cobalt. Lithium acid, high-nickel ternary materials, low-temperature fast charge, silicon carbon anode materials and other frontier areas are strong. Shanshan Energy adopted the R&D idea of “application generation, development generation, reserve generation”, and produced the world's first 4.45V high-voltage lithium cobalt oxide product in high-voltage lithium cobaltate. In terms of ternary materials, the company is developing and promoting single-crystal ternary materials while developing materials with a nickel content of more than 80%, which can effectively improve battery capacity and cycle performance.

In terms of scale, Shanshan is the world's largest producer of lithium battery materials. At the end of 2017, Shanshan's anode capacity was 60,000 tons, and the positive electrode capacity was 43,000 tons, ranking first in the world. Hunan Shanshan Ningxiang Phase II lithium cobalt oxide production line was first put into production in April 2017, and the Sanyuan production line was put into trial production at the end of 2017. Shanshan Energy started an annual production of 7,200 tons of high-nickel ternary and precursor projects in Shizuishan City, Ningxia, and it was put into trial production in March 2018. In 2018, through the construction of two 100,000 tons of Changsha positive and Baotou negative poles, the capacity will be further increased.

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