Zhou Fangchao, podpredsednik Global New Materials International: V prihodnosti se bomo osredotočili na razvoj novih energetskih baterijskih materialov na osnovi sintetične sljude
◎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?
Vsak novinar Wang Fan, vsak urednik Chen Junjie
Julija letos je globalni new material international (06616, HK), nov proizvajalec materialov, uradno pristal na borzi v Hongkongu. 23. novembra, štiri mesece po uvrstitvi na borzo, je Global New Materials International opravil prvo srečanje vlagateljev.
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.
Projekt izboljšanja proizvodnje bo v celoti deloval do leta 2025
Biserni pigment je visoko{0}}pigment, ki nastane s prevleko plasti oksidnega filma (prevleke) z osnovnim materialom, kot je sljuda. Zaradi motenj svetlobe ruši tradicionalne pigmente. Je varen, okolju prijazen in ne zbledi. Spada v strateško nastajajočo industrijo.
Kot pomemben proizvajalec bisernih pigmentov na Kitajskem je Global New Materials International dosegel poslovni prihodek v višini 318 milijonov juanov, 441 milijonov juanov in 569 milijonov juanov v obdobju od leta 2018 do 2020, čisti dobiček, ki ga je mogoče pripisati matičnemu podjetju, pa je znašal 77,4 milijona juanov, 10.300 juanov in 148 milijonov juanov. Bruto marže so 46,2 odstotka, 49,5 odstotka in 49,9 odstotka, v prvi polovici leta 2021 pa so narasle na 52,7 odstotka.
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."
Omeniti velja, da je trenutna proizvodnja Global New Materials International 18,000 ton bisernih pigmentov in 8,000 ton sintetične sljude na leto. Iz prospekta je razvidno, da so obstoječe proizvodne zmogljivosti prve faze proizvodnega obrata skoraj polne. Letna stopnja izkoriščenosti je blizu 100 odstotkov. Zato je povečanje proizvodnje postalo glavna prednostna naloga Global New Materials International za širitev tržnega obsega.
Iz porabe zbranih investicijskih sredstev iz kotacije je razvidno, da se zbrana sredstva večinoma porabijo za gradnjo druge{0}}faze proizvodnega obrata za proizvodnjo bisernih pigmentnih izdelkov (načrtovana letna proizvodnja je 30 ,000 ton) in tovarna sintetične sljude Luzhai za proizvodnjo sekancev sintetične sljude (načrtovana letna proizvodnja je 30,000 ton). Zhou Fangchao je na sestanku povedal, da bosta projekta zaključena in zagnana v četrtem četrtletju letošnjega in četrtem četrtletju prihodnjega leta in bosta v celoti operativna do leta 2025.
Razvoj novih energetskih baterijskih materialov na osnovi sintetične sljude
Glede na raziskovalno poročilo CITIC Securities je obseg svetovnega trga bisernih pigmentov leta 2020 18,9 milijarde juanov, do leta 2025 pa naj bi se povečal na 44,6 milijarde juanov. stopnja rasti na Kitajskem v naslednjih petih letih znaša kar 24 odstotkov. Premazi so največja nadaljnja uporaba bisernih pigmentov. Biserni pigmenti predstavljajo približno 10 odstotkov bisernih barv. Biserni pigmenti na avtomobilskem področju imajo najdaljši certifikacijski cikel. Ko bodo opravili inšpekcijski pregled, bodo trdno vezani na tovarno avtomobilov. Delež bisernih pigmentov v senčilih je približno Pri 5 % -10 % naj bi prodrl v vse vrste pladnjev za ličila z odličnim dekorativnim učinkom.
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.
Omeniti velja, da je v procesu proizvodnje bisernih pigmentov sljuda pomembna surovina, vir sijaja bisernih pigmentov, ima pa tudi dobro izolacijo, visoko temperaturno odpornost, toplotno izolacijo in druge lastnosti. Naravna sljuda je mineralna surovina in je predmet tujega uvoza. Da bi prebili omejitve pri pridobivanju virov sljude in uresničili uvozno zamenjavo, je tehnologija sintetične sljude postopoma postala nova konkurenčna ovira v industriji bisernih pigmentov. Industrijska veriga je oblikovala trend integracije navzgor in mnoga podjetja so prav tako začela raziskovati nove aplikacije sintetične sljude.
Novinar je izvedel, da ima sintetična sljuda dobre možnosti uporabe na področju nove energije. Pričakuje se, da bo premaz sljude na baterijskem separatorju izboljšal sterično stabilnost in ravnost separatorja, ne da bi vplival na prepustnost litijevih ionov in s tem zmanjšal tveganje kratkega stika zaradi pozitivnega in negativnega stika.
Zhou Fangchao je dejal, da se bo podjetje na področju sintetične sljude v prihodnosti osredotočilo na razvoj novih energetskih baterijskih materialov, ki temeljijo na sintetični sljudi, in trenutno razvija novo generacijo separatorjev litij{0}}ionskih baterij. Glede na trenutne rezultate ima izdelek dobro visoko temperaturno odpornost, kar lahko znatno izboljša varnost baterije; dobra absorpcija in zadrževanje tekočine ter učinkovito izboljšanje delovanja cikla baterije; visoka poroznost, tako da je notranja upornost baterije majhna, stopnja pretvorbe energije pa visoka. Razkril je, da naj bi bili novi energetski baterijski materiali na osnovi sintetične sljude uvedeni na trg leta 2022.
