Zhou Fangchao, Viċi President tal-Materjali Ġodda Globali Internazzjonali: Fil-futur, se niffukaw fuq l-iżvilupp ta 'materjali tal-batterija tal-enerġija ġodda bbażati fuq majka sintetika
◎The reporter noticed that compared with Kuncai Technology (603826, SH), a listed company in the same industry of pearlescent pigments, the gross profit margin of Global New Materials International is better than that of Kuncai Technology (gross profit margin in 2020 is 40.18 percent ), but the market valuation But it is not as good as Kuncai Technology, which has a price-earnings ratio of about 107 times, while Global New Materials International is 33.5 times. Is the current market valuation too low?
Kull reporter Wang Fan kull editur Chen Junjie
F'Lulju ta 'din is-sena, materjal ġdid globali internazzjonali (06616, HK), manifattur ta' materjal ġdid, niżel uffiċjalment fis-suq tal-ishma ta 'Ħong Kong. Fit-23 ta 'Novembru, erba' xhur wara l-elenkar, Global New Materials International kellha l-ewwel laqgħa tal-investituri tagħha.
Global New Materials International's important products are pearlescent pigments, which are related to traditional pigments. Pearlescent pigments have the advantages of non-fading, health and environmental protection, high stability, and bright colors. They are widely used in industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. As the raw material natural mica mineral resources are limited, in recent years, Global New Materials International has gradually extended upstream to develop artificial synthetic mica products.
The reporter of "Daily Economic News" learned at the investor meeting that the market value level, the progress of fundraising projects, the future planning and growth space of the two major product lines have become the focus of investors' attention. Zhou Fangchao, vice president and executive director of Global New Materials International, said at the meeting that in terms of pearlescent pigment products, the company will focus on the automotive-grade and cosmetic-grade markets; in terms of synthetic mica, Global New Materials International's research and development is based on synthetic mica. It is a new generation of lithium-ion battery separator material with excellent heat resistance, which is the company's key development direction in the future.
Il-proġett tat-titjib tal-produzzjoni se jkun kompletament operattiv sal-2025
Il-pigment perlali huwa pigment ta' grad-għoli ffurmat bil-kisi ta' saff ta' film tal-ossidu (saff tal-kisi) b'materjal ta' bażi bħall-majka. Tħassar pigmenti tradizzjonali minħabba l-interferenza tad-dawl. Huwa sikur, favur l-ambjent, u ma jisparixxix. Huwa jappartjeni għal industrija strateġika emerġenti.
Bħala manifattur importanti ta 'pigmenti pearlescent fiċ-Ċina, Global New Materials International kisbet dħul operattiv ta' 318 miljun wan, 441 miljun wan, u 569 miljun wan rispettivament mill-2018 sal-2020, u l-profitt nett attribwibbli lill-ġenitur kien 77.4 miljun wan, 10,300 wan, u 148 miljun wan. Il-marġini tal-profitt gross huma 46.2 fil-mija, 49.5 fil-mija, u 49.9 fil-mija, li jogħlew għal 52.7 fil-mija fl-ewwel nofs tal-2021.
The "Daily Economic News" reporter noticed that compared with Kuncai Technology (603826, SH), a listed company in the same industry as pearlescent pigments, the gross profit margin of Global New Materials International is better than that of Kuncai Technology (gross profit margin in 2020 is 40.18 percent ) , but the market valuation is not as good as Kuncai Technology, which has a price-earnings ratio of about 107 times, while Global New Materials International is 33.5 times.
Is the current market valuation too low? On November 23, Zhou Fangchao, Executive Director, Vice President of Global New Materials International, said in response to investors' questions: "The company's market value is currently a certain distance from its competitors, but we believe that the market value is a process of growth. Do a good job in performance and fundamentals, and at the same time have more communication with investors, so that investors can discover the value of the company."
Ta 'min isemmi li l-output attwali ta' Global New Materials International huwa 18,000 tunnellata ta 'pigmenti pearlescent u 8,000 tunnellati ta' majka sintetika kull sena. Il-prospett żvela li l-faċilitajiet tal-produzzjoni eżistenti tal-ewwel fażi tal-impjant tal-produzzjoni huma kważi fil-kapaċità sħiħa. Ir-rata ta' utilizzazzjoni annwali hija qrib il-100 fil-mija. Għalhekk, iż-żieda fil-produzzjoni saret l-ogħla prijorità għal Global New Materials International biex tespandi l-iskala tas-suq.
Wieħed jista' jara mill-użu tal-fondi ta' investiment miġbura mill-elenkar li l-fondi miġbura jintużaw prinċipalment għall-kostruzzjoni tat-tieni-impjant tal-produzzjoni tal-fażi għall-produzzjoni ta' prodotti tal-pigment perlali (il-produzzjoni annwali mfassla hija 30 ,000 tunnellati) u l-impjant tal-majka sintetika Luzhai għall-produzzjoni ta 'ċipep tal-majka sintetika (il-produzzjoni annwali ddisinjata hija ta' 30,000 tunnellata). Zhou Fangchao qal fil-laqgħa li ż-żewġ proġetti se jitlestew u jitħaddmu fir-raba 'kwart ta' din is-sena u r-raba 'kwart tas-sena d-dieħla, u se jkunu kompletament operattivi sal-2025.
Żvilupp ta 'materjali ġodda tal-batterija tal-enerġija bbażati fuq majka sintetika
Skont ir-rapport ta 'riċerka ta' CITIC Securities, id-daqs tas-suq globali tal-pigmenti pearlescent fl-2020 huwa ta '18.9 biljun wan, u huwa mistenni li jiżdied għal 44.6 biljun wan sal-2025. Id-domanda downstream għal pigmenti pearlescent hija diversifikata, u l-kompost ġenerali annwali rata ta 'tkabbir fiċ-Ċina fil-ħames snin li ġejjin hija għolja daqs 24 fil-mija. Il-kisjiet huma l-akbar applikazzjoni downstream ta 'pigmenti pearlescent. Il-pigmenti perlali jammontaw għal madwar 10 fil-mija taż-żebgħa pearlescent. Il-pigmenti perlali fil-qasam tal-karozzi għandhom l-itwal ċiklu ta 'ċertifikazzjoni. Ladarba jgħaddu mill-ispezzjoni, ikunu marbuta sew mal-fabbrika tal-karozzi. Il-proporzjon ta 'pigmenti pearlescent fl-eyeshadow huwa ta' madwar 5 fil-mija -10 fil-mija, huwa mistenni li jippenetra f'kull tip ta 'trejs tal-għamla b'effett dekorattiv eċċellenti.
Regarding the development of downstream product applications, Zhou Fangchao said at the investor meeting: "Automotive and cosmetics are the fastest rising downstream industries, and they are also the company's current focus of development." He cited third-party data and pointed out that in the automotive market, due to penetration The growth rate, production and car ownership are expected to increase at a compound annual growth rate of 47.1 percent from 2021 to 2025 in the global automotive pearlescent pigment market; in the cosmetics market, benefiting from consumption upgrades and increased appearance awareness, it is expected to grow from 2021 to 2025. The CAGR to 2025 is 32.8 percent .
"At present, the company's cosmetic-grade pearlescent pigments have entered a number of well-known domestic and foreign cosmetic companies, and this year's sales have accounted for more than 10 percent ; regarding automotive-grade pearlescent pigments, the company has been researching since 2015, and successfully passed in 2018. The most stringent inspection standard for automotive-grade products, that is, the two-year weather resistance exposure test in Hainan Island, has the conditions to enter the auto OEM, refinish paint, and spare parts markets, and has now achieved mass sales." Zhou Fangchao Express.
Ta 'min isemmi li fil-proċess ta' produzzjoni ta 'pigmenti pearlescent, majka hija materja prima importanti, is-sors ta' tleqqija ta 'pigmenti pearlescent, u għandha wkoll insulazzjoni tajba, reżistenza għat-temperatura għolja, insulazzjoni tas-sħana u karatteristiċi oħra. Il-majka naturali hija riżorsa minerali u hija soġġetta għal importazzjonijiet barranin. Sabiex tkisser ir-restrizzjonijiet fuq l-akkwist tar-riżorsi tal-majka u tirrealizza sostituzzjoni tal-importazzjoni, it-teknoloġija tal-majka sintetika gradwalment saret barriera kompetittiva ġdida fl-industrija tal-pigment perlali. Il-katina industrijali ffurmat tendenza ta 'integrazzjoni upstream, u ħafna kumpaniji bdew ukoll jesploraw applikazzjonijiet ġodda ta' majka sintetika.
Ir-reporter tgħallem li l-majka sintetika għandha prospetti tajbin ta 'applikazzjoni fil-qasam tal-enerġija ġdida. Materjal tal-majka tal-kisi fuq is-separatur tal-batterija huwa mistenni li jtejjeb l-istabbiltà sterika u l-flatness tas-separatur mingħajr ma jaffettwa l-permeabilità tal-jonji tal-litju, u b'hekk inaqqas ir-Riskju ta 'short circuit minħabba kuntatt pożittiv u negattiv.
Zhou Fangchao qal li fil-qasam tal-majka sintetika, il-kumpanija se tiffoka fuq l-iżvilupp ta 'materjali tal-batterija tal-enerġija ġodda bbażati fuq majka sintetika fil-futur, u bħalissa qed tiżviluppa ġenerazzjoni ġdida ta' separaturi tal-batteriji tal-litju-jone. Skont ir-riżultati attwali, il-prodott għandu reżistenza tajba għat-temperatura għolja, li tista 'ttejjeb b'mod sinifikanti s-sigurtà tal-batterija; assorbiment u żamma tajba tal-likwidu, u ttejjeb b'mod effettiv il-prestazzjoni taċ-ċiklu tal-batterija; porożità għolja, sabiex ir-reżistenza interna tal-batterija tkun żgħira, u r-rata ta 'konverżjoni tal-enerġija hija għolja. Huwa żvela li materjali ġodda tal-batterija tal-enerġija bbażati fuq majka sintetika huma mistennija li jiġu introdotti fis-suq fl-2022.
