Zhongke Electric (300035) said in an institutional survey a few days ago that the company's self-designed and built new generation of "automatic intelligent graphitization furnace" has made a major breakthrough in energy saving, consumption reduction, cost reduction, improving automation, reducing pollutant emissions, etc., compared with the traditional graphitization furnace has the advantages of low power consumption cost, less furnace core consumables, high degree of automation, green environmental protection, etc., further consolidating the company's leading position in the graphitization technology and related equipment. At present, the graphitization production line using the new generation of "automatic intelligent graphitization furnace" has completed the construction and ignition trial production, and is expected to start mass production in the second quarter of this year.
According to reports, in 2023, affected by multiple factors such as fluctuations in the downstream new energy vehicle market and destocking of industry enterprises, the growth rate of anode material market demand will slow down, and at the same time, the expansion of production capacity of enterprises in the anode industry will enter the release period, market competition will be further intensified, and the price of anode material products will show a downward trend. In this regard, the company has taken a series of measures to reduce costs and increase efficiency, reduce costs, stabilize production capacity, expand the market, and maintain growth in shipments of main products. In 2023, the company will ship 145,000 tons of anode materials, an increase of 20.11% year-on-year.
Zhongke Electric released its annual performance report on April 27, saying that the operating income in 2023 will be about 4.908 billion yuan, a year-on-year decrease of 6.64%, the net profit attributable to shareholders of listed companies will be about 41.71 million yuan, a year-on-year decrease of 88.55%, and the basic earnings per share will be 0.0577 yuan, a year-on-year decrease of 88.9%.
In the first quarter of 2024, the company's consolidated financial statements achieved operating income of 1.066 billion yuan, a year-on-year increase of 2.38%, net profit attributable to shareholders of listed companies of 23.7675 million yuan, an increase of 117.57% year-on-year, and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 32.6222 million yuan, an increase of 124.31% year-on-year.
As for the company's share repurchase plan, as of April 25, 2024, the company has invested a total of 352 million yuan (excluding transaction costs), and the cumulative number of shares repurchased through centralized bidding is 37,884,094 shares, accounting for 5.24% of the company's current total share capital. In order to further boost investor confidence and safeguard the interests of investors, after comprehensive consideration of the company's actual situation and future development and other factors, after deliberation by the board of directors of the company, it is proposed to change the purpose of the company's repurchased shares to "for cancellation and corresponding reduction of registered capital", that is, to cancel the 37,884,094 shares of the company that have been repurchased in the special securities account for repurchase and reduce the company's registered capital accordingly, which still needs to be reviewed and approved by the company's general meeting of shareholders.
In view of the continuous advancement of the global energy transition, the overseas new energy vehicle and energy storage industry has maintained a rapid development trend, and driven the continuous growth of overseas lithium-ion battery market demand. In order to seize the market opportunities in the construction of the overseas lithium battery industry chain, expand the business scale of the overseas market and meet the needs of downstream customers, the company plans to try the first to implement the integrated base project of lithium-ion battery anode materials with an annual output of 100,000 tons in Morocco, the project is constructed in two phases, the scale of each phase is 50,000 tons/year, the construction period of each phase is expected to be 24 months, and the total investment amount of the project does not exceed 5 billion yuan. The company's investment in the construction of Moroccan anode material production base project is of great significance to further consolidate and improve the company's industry position and build a leading brand of lithium-ion battery anode materials in the world.
In the secondary market, as of press time, Zhongke Electric rose 4.14% to 9.81 yuan per share, with a total market value of 7.1 billion yuan.
■The following is a Q&A session:
Q: What is the current production schedule of the company's anode materials?
A: At present, downstream customers have a large demand for the company's anode materials, and the company's capacity utilization rate is at a high level.
Q: What is the company's order for fast charging products and the development of other new anode products?
Answer: As one of the earliest enterprises to lay out lithium battery anode materials, the company has maintained a better technical leadership in the field of lithium battery anode materials, especially fast charging anode materials, through continuous technological innovation and product upgrading. In addition, the company has been developing new products in combination with market and customer needs, and at the same time conducting relevant forward-looking research in the field of new energy materials, and has developed and product layout in new anode materials such as silicon-based anode materials, new carbon materials, and lithium metal anodes.
Q: What is the progress of the company's new capacity project?
Answer: At present, the company is steadily promoting the planning and construction of the first phase of the integrated project of 100,000 tons of anode materials in Qujing, Yunnan and overseas anode material production bases, among which the relevant production lines of Qujing base in Yunnan are in the stage of successive completion and operation.
Q: What is the company's overseas market development?
In addition, at the beginning of this year, it was designated as a battery subsidiary of an internationally renowned overseas car company, and the development of other overseas customers is actively promoted as planned, and the proportion of overseas sales of lithium battery anode business is expected to further increase in the future.
Q: What is the situation of the company's new generation of graphitization furnace?
Answer: The company's self-designed and built new generation of "automatic intelligent graphitization furnace" has made major breakthroughs in energy saving, consumption reduction, cost reduction, improvement of automation, reduction of pollutant emissions, etc., compared with the traditional graphitization furnace has the advantages of low power consumption cost, less furnace core consumables, high degree of automation, green environmental protection, etc., which further consolidates the company's leading position in the industry of graphitization technology and related equipment. At present, the graphitization production line using the new generation of "automatic intelligent graphitization furnace" has completed the construction and ignition trial production, and is expected to start mass production in the second quarter of this year.
Q: How is the company's magnetoelectric equipment business operation?
Answer: magnetoelectric equipment business is the company's traditional main business, in recent years to maintain a steady growth trend, the company to seize the steel industry capacity replacement, energy conservation and environmental protection brought by the market opportunities, tap the potential incremental space. In addition, we will give full play to the synergistic advantages of the magnetoelectric equipment business and the lithium battery anode business, provide all-round equipment support in the construction of the company's new production capacity production line for anode materials, and actively explore the external sales market of lithium battery equipment.
Source: Reading and Entrepreneurship
Review: Tan Lugang