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Mass shipments of high nickel materials
The power battery market continues to flourish, driving the demand for upstream lithium battery cathode materials to rise sharply, and the performance of related companies has exploded. On March 9, the global material leader Dangsheng Technology released its 2021 performance report. The company's 2021 net profit attributable to the parent and deducted from non-net profit was 1.091 billion yuan and 824 million yuan respectively, a substantial increase of 183.48% and 238.27% year-on-year, both exceeding its 2021 net profit. The profit cap in the annual performance forecast is also the best performance level since the company's listing, showing the company's strong development momentum in 2021.
Regarding the good performance, Dangsheng Technology said that the company's historic breakthrough in 2021 is mainly due to the company's outstanding competitive advantages in the lithium battery cathode material market, the rapid growth of domestic and foreign customers' demand for the company's products, and the annual product sales in 2021. Significant growth, the company's profitability continued to maintain the industry-leading level.
On the same day, Dangsheng Technology also disclosed the main operating data for January-February 2022. The announcement shows that the total revenue of Dangsheng Technology from January to February was about 2.348 billion yuan, a year-on-year increase of over 200%; the net profit attributable to the parent was about 230 million yuan, a year-on-year increase of nearly 114%. Dangsheng Technology's profit in January-February 2022 has far exceeded that in the first quarter of 2021.
Entering 2022, Dangsheng Technology has continued its hot business status in 2021. It has repeatedly stated in Q&A with investors that the company has full orders and full production capacity. In order to meet customer needs, it will work overtime to promote production during the Spring Festival. Work.
What Dangsheng Technology said is true, the demand in the downstream power battery field is indeed extremely strong. At present, power battery companies have started production expansion plans one after another, further driving the substantial growth in the market demand for cathode materials.
According to industry research institutions, the global demand for lithium batteries is expected to reach 1,187GWh by 2025, and the demand for cathode materials will increase from 470,000 tons in 2020 to 1.9 million tons. The domestic demand for cathode materials for lithium batteries is expected to increase from 238,000 tons in 2020 to 868,000 tons in 2025, and the overseas demand for cathode materials in 2025 is expected to be 1.03 million tons.
According to Battery China, as an industry leader, Dangsheng Technology has strong technical strength and high-quality customer structure, mainly overseas major customers, and overseas customers account for more than 70% of its sales. It has become a supplier of battery materials for several high-end brands of electric vehicles in the world.
Especially in recent years, Dangsheng Technology's high-nickel products have entered the supply chain of the world's top high-quality car companies, with a rapid increase in the proportion, rapid release of new production capacity, and continued rapid growth in operating performance. With the implementation of the subsequent EU and US carbon emission policies and the vigorous promotion of the new energy vehicle industry, the electrification process of European and American vehicles will be further accelerated. Some institutions predict that lithium battery material companies with overseas customer advantages and market share represented by Dangsheng Technology will fully benefit from the development dividends brought by this huge market.
It is worth noting that the current industry ternary cathode materials iteratively lead the technical upgrade of batteries, and the upgrade from the early 1 series to the 8 series has been completed. The iteration of material systems does not stop. Market demand is forcing the technology of car companies and power battery companies to develop towards high energy density, and the trend of high nickelization is obvious. It is expected that the cathode materials NCM811 and NCA will be the mainstream development direction in the future.
In 2021, Dangsheng Technology's shipments of high-nickel ternary materials will increase significantly year-on-year. Among them, high-nickel ternary materials above 8 series have been supplied to high-quality domestic and foreign customers in large quantities, and shipments have increased rapidly. The company's 9 series high-nickel multi-component materials have been exported to overseas in large quantities, and have become benchmark products in the international customer circle.
It is understood that Dangsheng Technology has established cooperative relations with the world's first-class battery companies and car companies, and has established close relationships with industry chain giants such as SK, FMG, Zhongwei, Huayou Cobalt, and Weilan New Energy. The strategic partnership has firmly established the company's future dominant position in the global industrial chain.
Dangsheng Technology said that "endogenous extension, leapfrog development" is the company's established strategic goal. In the future, the company will develop high-quality customer resources in the upstream and enhance its own competitiveness; in the middle, it will carry out production technology and process innovation, continue to strengthen quality control and strengthen standards. Implementation; downstream intervention in resources, strengthening cooperation and coordination with upstream and downstream industrial chains, and achieving stable and sustainable development of the company.
It is understood that Dangsheng Technology is currently increasing its production capacity. The domestic Changzhou Phase II, Haimen Phase IV, and European new material bases are all stepping up their efforts. In the future, they will plan to build factories in South Korea and the United States to form a global layout.
