Dow Technologies (300409) responded to investors' concerns on the Investor Relations Platform on January 19.
Investor: Please ask the secretary of the board of directors What is the difference between the company's nickel, cobalt and manganese ternary materials compared to the high nickel materials of Rongbai Technology?
Dow Technology Board Secretary: Dear investors, through independent innovation and cooperation with universities, the subsidiary Jiana Energy has important scientific research achievements and key technical reserves with independent intellectual property rights in the research and development and manufacturing of ternary precursor technology, and has formed a unique ternary precursor proprietary technology system, such as unique small particle size single crystal ternary cathode precursor synthesis technology, high-capacity long-cycle high-nickel ternary precursor preparation technology, multi-process integrated ternary precursor co-precipitation synthesis technology, etc. Thank you for your interest!
Investor: Hello Board Secretary! The original company announced that 18,000 tons of precursor materials were put into production at the end of 21 years, what is the current situation? Is production normal? Is the product quality qualified and has it entered the customer's sales end?
Dow Technology Board Secretary: Dear investors Hello, the company plans to build a production capacity of 50,000 tons of ternary precursors in the Yingde base in 2021, and the relevant production capacity production situation is subject to the announcement disclosed by the company on the Juchao Information Network. At present, the company's production and operation are normal, thank you for your attention!
Investor: Hello Secretary of the Board, how is the company's operation in the fourth quarter? The company's stock is in a slump, when will the annual report forecast be released? It is expected that the company can return shareholders with excellent performance. Thank you!
Dow Technology Board Secretary: Hello dear investors! The company has disclosed the 2021 annual performance forecast, for details, please refer to the company's "2021 annual performance forecast" disclosed on the Juchao Information Network on January 15, 2022, thank you for your attention.
Investor: Please ask the secretary of the board of directors The company's sales volume of ternary materials increased significantly in the fourth quarter? Will the recent sharp rise in lithium ternary electrical materials have a great impact on the company's performance?
Dow Technology Board Secretary: Hello dear investors, please refer to the relevant announcements disclosed by the company on the Juchao Information Network, and the rise in lithium carbonate prices has no impact on the company's performance. Thank you for your interest!
Investors: The secretary of the board of directors has a good new year, congratulations and thanks to the company for its good results in the past year! Referring to the same type of company found that the company's valuation is low, one of the reasons may be that the company does not have a top material demand side, has the company moved to contact Tesla, CATL or BYD?
Dow Technology Board Secretary: Dear investors Hello, the company's subsidiary Jiana Energy's customers cover Xiamen Tungsten Industry Co., Ltd., Guizhou Zhenhua New Materials Co., Ltd., Jinchi Energy Materials Co., Ltd., SPECIALTY METALS RESOURCES LIMITED and other well-known enterprises at home and abroad, long-term cooperation has enabled Jiana Energy to establish a strategic cooperative relationship of mutual trust between customers. The main customers of the company's subsidiary Qingdao Haoxin include: Shenzhen BYD Supply Chain Management Co., Ltd., Hangzhou Nandu Power Technology Co., Ltd., Jiangsu Haisida Power Supply Co., Ltd., Camel Group New Energy Battery Co., Ltd., AVIC Lithium Battery Technology Co., Ltd., etc. Thank you for your interest!
Investor: The company mentioned before that 50,000 tons of ternary precursors were put into production at the end of the year, and now it is the end of the year, is it put into production? The giant wave announcement was also not issued
Dow Technology Board Secretary: Dear investors Hello, the company plans to build a production capacity of 50,000 tons of ternary precursors in the Yingde base in 2021, and the relevant production capacity production situation is subject to the announcement disclosed by the company on the Juchao Information Network. Thank you for your interest!
Investor: Hello, is there a technology gap between the company's carbon nanotube products and Tiannai's products? How many patents or achievements does the company have in carbon nanotube technology? Thank you
Dow Technology Board Secretary: Dear investors Hello, the company's subsidiary Qingdao Haoxin is the main body of the company's conductive agent products research and development, production and sales, the main products include graphene conductive agents and carbon nanotube conductive agents. Qingdao Haoxin R & D capabilities in the forefront of the industry, has accumulated a wealth of technical reserves, such as new continuous environmental protection purification technology, single-wall carbon nanotube research and development and preparation, high-rate carbon nanotube preparation technology, high solid content conductive agent preparation, graphene powder industrial preparation system process and technology, graphene conductive paste preparation process and technology, graphene carbon nanotube composite conductive paste process and technology, carbon nanotube powder preparation technology, oxidation intercalation graphite rapid preparation graphene technology, etc., Become the cornerstone of the company's continuous innovation and development. Thank you for your interest!
Investor: The company's production capacity has also expanded, the price of cobalt salt is also rising, the price of ternary precursors is also rising, the company's fourth quarter performance is actually lower than the third quarter profitability, and a lot lower, how does the company do it? Let small and medium-sized investors can not understand ah
Dow Technology Board Secretary: Dear investors, the company's fourth quarter was affected by regional power rationing policies, and some products were affected. For specific performance, please refer to the relevant announcements disclosed by the company on the Juchao Information Network. Thank you for your interest!
According to the third quarter report of Dow Technology in 2021, the company's main revenue was 4.602 billion yuan, up 112.72% year-on-year; the net profit attributable to the mother was 445 million yuan, up 637.01% year-on-year; the deduction of non-net profit was 441 million yuan, up 853.99% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main revenue was 1.829 billion yuan, up 85.69% year-on-year; the single-quarter net profit attributable to the mother was 183 million yuan, up 419.69% year-on-year. In the single quarter, the non-net profit was 184 million yuan, up 524.74% year-on-year; the debt ratio was 38.46%, the investment income was 11.5263 million yuan, the financial expense was 80.0629 million yuan, and the gross profit margin was 25.69%.
The stock has been rated by 1 institution and 1 by a buy in the last 90 days; the Securities Star Valuation Analysis Tool shows that The Dow Technology (300409) Good Company is rated 3 stars, Good Price is rated 2 stars, and valuation is 2.5 stars overall. (Rating Range: 1 ~ 5 stars, maximum 5 stars)
Dow Technology's main business: to provide architectural ceramics enterprises with glazes, pigments, ceramic inks and auxiliary materials and other new inorganic non-metallic glaze materials, and to provide customers with product design and comprehensive technical services
The chairman of the company is Rong Jihua. Mr. Rong Jihua: Chinese nationality, no right of permanent residence abroad, born in 1968, bachelor degree in silicate engineering, EMBA. From August 1993 to August 1998, he served as the deputy director of the technical factory of Foshan Sanshui Nanfeng Ceramics Co., Ltd. In September 2003, he founded Foshan Gaoming Color Pigment Co., Ltd., and from September 2003 to August 2010, he served as the general manager of Foshan Gaoming Pigment Co., Ltd., and from January 2006 to May 2009, he served as the general manager of Foshan Daoshi Color Glaze Technology Co., Ltd. Since September 2007, he has served as the chairman and general manager of the company.
This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if you have any questions, please contact us.
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