The leading enterprise of Sanyuan Materials was successfully listed, and Tianli Lithium raised more than 1.7 billion to expand production capacity

On August 29, Xinxiang Tianli Lithium Co., Ltd. (hereinafter referred to as Tianli Lithium) officially landed on the Shenzhen Stock Exchange GEM. Previously, the company had opened a purchase on August 17, and the purchase price was 57.00 yuan/share.

The prospectus shows that the number of shares of Tianli Lithium's publicly issued shares is 30.5 million, accounting for 25%of the total share capital after the issuance. All the issuance of this issue is new shares and does not involve the transfer of old shares. The amount of fundraising is 1.739 billion yuan. The investment will be used for the three -way orthopedic material construction project of Huaibei and Xinxiang. After the fundraising project is officially put into operation, the overall production capacity of the company's ternary material will be greatly increased.

Three -yuan material shipments have a leading volume, with a market share of 41%

Established in March 2009, the company is mainly engaged in the research and development, production and sales of the three yuan materials of lithium batteries and its front -drive body. The main products are ternary materials, which are used for lithium battery preparation. Car and 3C areas.

Lithium batteries can be divided into lithium manganate batteries, lithium cobaltate batteries, lithium iron phosphate batteries, and ternary lithium batteries. Based on the advantages of high energy density, high discharge capacity, good circulation performance, and stable structure, the ternary material has become an important development direction of lithium battery positive materials.

As one of the earliest domestic companies in China that are engaged in the research and development and production of ternary materials, Tianli Lithium has the ability to develop and produce and produce capabilities in the integrated R & D material and its pre -drive body. The company's products include NCM333, NCM523, NCM622, NCM811 and other series, which cover almost all types of three yuan materials.

Looking back at the development history of Tianli Lithium in the development of ternary materials, since 2009, the company has begun to deploy the research and development of ternary materials and front -wheel drive. Produce. In 2012, the company successfully mastered the key process technologies for the preparation of ternary materials and achieved mass production. In 2013, the company's ternary material output had exceeded 1,000 tons.

Since 2015, the development of the company's ternary material business has accelerated, the production process has been continuously optimized, the product structure is continuously rich, and NCM622, NCM811, NCA, single crystal, covering, low cobalt and non -cobalt -free materials are developed. Tianli Lithium can have multiple three -yuan material production line, which can produce different series of products according to customer needs. During the reporting period, mass production has been achieved in batches of various series of ternary materials products. At present, it has a number of production bases such as Xinxiang and Anhui, with a comprehensive production capacity of 30,000 tons/year (including construction).

As one of the major domestic ternary material suppliers, the company participated in the application and promotion of lithium batteries in the field of electric bicycles. The company's main customers Xingheng Power, Tianneng Co., Ltd., etc. are in the leading position of the industry in the field of small power lithium batteries. The company and Xingheng Power have cooperated with the "Lithium -ion Power Battery intensive manufacturing and secondary life technology Green Key Craft System Integration Project", which dominated the development of "low cobalt green and high -capacity positive pole material technology". The application of Yuanzheng Polar Materials in the field of small power lithium batteries has played a positive role, promoting the trend of lithium electrification of electric bicycles.

According to statistics from GGII Research (GGII), the company's shipping volume in the field of three yuan in the field of electric bicycles and electric tool lithium batteries in 2020 is first, with a market share of 41%. The shipment volume (44,000 tons) and the shipments of the three -yuan material (33,000 tons) were calculated. In 2020, the company's overall market share in the positive pole material in the field of electric bicycles and electric tool lithium batteries was 30%.

It is worth mentioning that the company has paid attention to investment in R & D since its establishment. With the expansion of sales scale, the company's R & D investment has risen. During the reporting period, the company's R & D investment was 34.036 million yuan, 38.901 million yuan, and 65.8051 million yuan, respectively, with a cumulative investment investment of 139 million yuan. As of December 31, 2021, the company had a total of 74 developers, accounting for 18.73%of the total number of employees. As of April 12, 2022, the company had 30 domestic patents, including 6 invention patents and 24 practical new patents.

"Mainly+take into account" pattern, customers have high stickiness

Thanks to the leading position in the Sanyuan Materials Industry, the company has formed the current pattern of "the main small power lithium battery field, taking into account the new energy vehicle power battery market". In the field of small power lithium batteries, especially the lithium battery fields such as electric bicycles and electric tools, the company's main customers include Xingheng Power, Tianneng New Energy, Haisi, Hengdian East Magnetic, Sunshine Power, Penghui Energy, etc. Well -known small power lithium batteries in China.

Tianli Lithium Energy products are widely used in electric bicycles, electric tools, new energy vehicles, and 3C. It is worth mentioning that in recent years, with the continuous growth of lithium batteries in the above fields, the three -yuan material of the main positive material of lithium -ion power batteries in the future market space is huge in the future.

In the field of electric bicycles, in the next few years, with the improvement of domestic sharing markets, the standardization and standardization of the industry and the gradual improvement of the industry, and the acceleration of lithium batteries to replace lead acids, GGII predicts that the shipment of lithium battery for lithium -sized vehicles in China will reach 2025 will reach the shipment of lithium batteries for lithium battery vehicles in China will reach 35GWh, the compound annual growth rate of the power battery market in the next 5 years will reach 29.3%.

In terms of electric tools, High Industry Research (GGII) predicts that in the next five years, the lithium battery market in China's electric tools will still maintain a high -speed development. In 2025, the shipping volume will reach 15GWh and the annual compound growth rate will reach 21.7%. In 2025, the shipping volume of the three yuan positive materials in the lithium battery market of the electric tool will reach 33,000 tons, and the compound growth rate of 21.8%from 2020 to 2025 will reach 21.8%. In addition, in addition to the traditional electric bicycles and electric tool markets, there are also similar and associated ternary cylinder segment consumer markets similar to traditional electric bicycles and electric tools in the small power market, such as balanced vehicles, twisting cars, sweeping robots , Vacuum cleaner, charging treasure, mobile small energy storage tools, etc. According to GGII statistics, the three yuan material shipments in the above market segment in 2020 were 9,500 tons. GGII predicts that by 2025, the three yuan material demand for the above -mentioned market segments will be 27,000 tons, and the compound growth rate will be 23.23%.

In addition, in the next few years, with the implementation of the new energy vehicle integration system, the continuation of subsidy policies, the increase in investment layout in the field of new energy vehicles, the continuous outbreak of new vehicles, the new energy vehicle market in China It will still maintain a high -speed growth trend, and the contributed lithium battery shipments will continue to grow. GGII predicts that by 2025, China's new energy vehicle power battery shipments will reach 470GWh, and the compound annual growth rate of the power battery market in the next five years will reach 42.5%.

It should be emphasized that the ternary material is the key material of the ternary lithium battery. Lithium battery manufacturers have implemented a strict certification mechanism on the supplier. Certification, long and strict inspection period, usually from the sample to mass production consumption for several years.

At present, the concentration of the domestic lithium battery industry has continued to increase. Lithium battery manufacturers have established long -term cooperative relationships with ternary material manufacturers. They have strong cooperative viscosity. Once the three yuan material manufacturers enter the customer's supplier system, they will generally not be easily replaced after entering the customer's supplier system Essence

This means that Tianli Lithium can not only have a broad market prospect, but after listing, with the power of the capital market, the company will play a greater brand effect.

Funds expand production capacity

The prospectus shows that from 2019 to 2021, the company's business revenue was 1.012 billion yuan, 1.243 billion yuan and 1.663 billion yuan, respectively, with a compound growth rate of 28.68%. The net profit after deducting non -recurring profit or loss was 74.6428 million yuan, 53.88 million yuan, and 108 million yuan, respectively, and the compound growth rate in the past three years was 20.49%.

With the continuous expansion of the market, Tianli Lithium can also urgently need to expand its capacity.

The prospectus mentioned that with the continuous growth of sales, the saturation of Tianli Lithium can continue to increase. The market demand of the main products of the company is continuously strong, and the production equipment and workers are in a high loading state. The company has adopted the form of commissioned processing to make up for the lack of production capacity. The production capacity of existing equipment has difficulty to effectively meet the rapid growth of the downstream market. Essence

The company intends to further expand production capacity by expanding the new product line, which can effectively improve the company's production capacity and order acceptance capabilities, break through the bottleneck of production capacity, reduce the proportion of external entrustment, give full play to the scale and cost effect, optimize the company's production efficiency and profitability, and the company's production efficiency and profitability. Consolidate the company's market position and meet the business needs of the company's rapid development.

According to the prospectus, the amount of investment raised by Tianli Lithium is 836 million yuan, and 628 million yuan will be used for the Huaibei Sanyuan Active Materials Construction Project, and 208 million yuan will be used for Xinxiang Sanyuan Active Material Construction Project. Both fundraising projects are mainly high -nickel -ternary materials. The production line design and product planning are compatible with the production requirements of new energy vehicle ternary materials.

High -nickel ternary material belongs to high -end products in the field of ternary materials. With the higher requirements of energy density, cycle life, and comprehensive costs of power batteries, high -nickel tripular positive electrode materials and power batteries have high energy density and good circulation life. The advantages have gradually become the development trend of the industry. At the same time, the technical threshold of high -nickel ternary materials is relatively high, and the requirements for preparation technology, equipment and production environment are also significantly higher than that of conventional ternary positive poles, and the difficulty of mass production is also high.

The company stated that the Huaibei Sanyuan Pulmon Materials Construction Project and Xinxiang Sanyuan Active Material Construction Project can effectively solve the problem of insufficient production capacity of the company. At the same time, the above -mentioned fundraising projects involve high -nickel ternary materials, which helps the company to further improve product performance, improve the company's product types, improve the company's core technology level, and effectively meet the company's downstream customers' needs for high nickel ternary materials, so as to thus Improve the company's industry status and market competitiveness. Text/锵 锵

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