In the first quarter of 2021, the top 10 list of new materials was released, and the score between the listed companies gradually opened up the gap. Aladdin slipped six spots to eighth. The first companies that entered the top ten are Pan Asia MicroTualth, Jiayuan Technology, Tiannai Technology, Scitech New Materials and so on.
Overall, in the first quarter of 2021, the total net profit of the new material TOP10 was 479 million yuan, and the performance scale was small, and the net profit of Jiayuan Technology alone exceeded 110 million yuan and was 111 million yuan. But remarkable.
Jiayuan Technology is mainly engaged in the research, production and sales of various high-performance electrolytic copper foils for lithium-ion batteries of 4.5~12μm and electrolytic copper foils for PCBs. The company has established long-term cooperative relations with well-known battery manufacturers such as CATL and BYD. It is the core supplier of lithium battery copper foil.
From the perspective of sales gross margin and net profit margin, the gross profit margin and net profit margin of Jiayuan Technology were ranked last in the same period, with a gross profit margin of 31.47% and a net profit margin of 20.85% in 2021Q1.
Among the companies on the list, Aladdin's gross profit margin reached a maximum of 64.06%, and as a supplier of polymer and nanocomposite materials, the company's revenue in the first quarter increased by 76% year-on-year to 0.63 billion yuan, and the net profit increased by 147% year-on-year to 0.20 billion yuan. The company effectively controlled the expense ratio, prompting the net profit margin to rise steadily by 20.85%. On the whole, Aladdin's overall operating level is in the middle of listed companies in the same period.
Lianrui New Materials still maintained steady growth, achieving a net profit of 36.69 million yuan in the first quarter of 2021, an increase of 105.71% year-on-year. The company broke through a number of core key technologies, mastered a variety of types of high-end silicon powder products research and development and production capacity, some of which successfully broke the technology blockade and product monopoly in developed countries such as Japan, not only for imported silicon powder to achieve product substitution, but also products sold back to foreign customers.
From the perspective of cash ratio, The cash ratio of Allaide is -52.83, and it is obvious that the company's sustainable operation ability has deteriorated significantly. Allaide is mainly engaged in the research and development, production and sales of organic luminescent materials and evaporation source equipment in the upstream of OLED. The company's core income comes from evaporation source equipment, and the company's evaporation source equipment revenue in the first quarter of 2021 was 93.52 million yuan, down 9.15% year-on-year.
The cash-to-cash ratio of Jimbo shares is -15.28%, and there is also a poor quality of cash recovery, and the company is mainly engaged in the research and development, production and sales of advanced carbon matrix composite materials and products. However, with the supply of photovoltaic heat fields in short supply, the landing of production capacity will release performance elasticity.
Soochow Securities pointed out that it is expected that the production capacity of Jinbo shares will climb to 1650 tons by the end of 2021. At the same time, the company through accelerated expansion of technical advantages and cost advantages into market advantages, is expected to achieve rapid market share increase, is expected to achieve a rapid increase in market share, is expected to the company in the future in the carbon matrix composites heat field global market share is expected to increase from about 30% to 50%.