The multiple advantages of Enjie's wet-process lithium battery separator overlord are difficult to be surpassed
On April 26, 2019, Enjie, a leading company in the wet-process lithium battery separator industry, released its 2018 annual report. The company achieved operating income of 2.457 billion yuan in 2018, a year-on-year increase of 16.23%; net profit attributable to the parent company was 518 million. Yuan, a year-on-year increase of 40.79%; non-net profit attributable to shareholders of listed companies was 318 million yuan, a year-on-year increase of 125.52%.
The multiple advantages of wet process lithium battery separator hegemony are difficult to be surpassed
The acquisition of 90.08% equity of Shanghai Enjie New Material Technology Co., Ltd. (hereinafter referred to as 'Shanghai Enjie'), whose business is lithium battery separators. As the core industry in the lithium battery industry chain, the lithium battery separator industry is an emerging industry that my country mainly supports and has good development prospects. Shanghai Enjie has been focusing on the Ru0026D, production and sales of lithium battery separators. It has always adhered to the business philosophy of 'Diligence and grace, perseverance and JebsenThe leader in the wet diaphragm industry. Enjie's 2018 operating income of wet-process lithium battery separators was 1.328 billion yuan, a year-on-year increase of 48.57%, and its market share ranked first in the world; Shanghai Enjie's net profit in 2018 was 638 million yuan, successfully fulfilling its performance commitments. The net profit contribution from shareholders of listed companies is as high as 476 million yuan.
Compared with other lithium battery separator manufacturers, Enjie has obvious advantages in the lithium battery separator business and it is difficult to be surpassed by its peers. First of all, Enjie has obvious advantages in scale. The company has the world's largest supply capacity of lithium battery separators. By the end of 2018, its production capacity has reached 1.3 billion square meters, and its shipment volume in 2018 was 468 million square meters, ranking first in the world. With the successive completion and commissioning of Phase II lithium battery separator production lines in Jiangxi, Wuxi, and Zhuhai of Enjie, its scale advantage will be further strengthened. From January to April 2019, the shipment volume of separators was 230 million square meters. Secondly, the advantage of scale brings Enjie shares the dual advantages of cost and market. In terms of cost control, large-scale centralized procurement makes Enjie's raw material costs lower than other companies in the same industry, and the large number of orders brought by its huge sales scale makes it more reasonable to schedule production, effectively reducing the number of shutdowns and conversions, and the operating rate While the capacity utilization rate has been greatly increased, depreciation, energy consumption, and labor costs have been greatly reduced. At the same time, with the continuous efforts of the company's production management and technical teams, the single-line output of lithium battery separator products is 1-2 times that of other companies in the same industry, and the yield rate is far beyond the industry average. In addition, Enjie continues to improve the recycling efficiency of auxiliary materials, so that the consumption of auxiliary materials is also much lower than that of other companies in the same industry.
In view of the current increasing industry concentration in the lithium battery industry, the lithium battery production giants Panasonic, Samsung, LGChem, etc., which occupy 80% of the domestic and foreign market share, prefer the supply capacity With suppliers that match its huge production scale, Enjie will further expand its production capacity, enhance its scale advantage, and consolidate its market position. The company will add 20 diaphragm production lines in 2019. Now three production lines in Jiangxi have been successfully put into operation. It is expected that 8 production lines will be put into operation by the end of this year; the Wuxi base is currently installing 2 production lines, and it is expected to install 4 in July this year. Production lines, 8 production lines will be installed by the end of this year; in addition, 4 production lines of the Zhuhai Base Phase II project has been launched and is expected to be completed by the end of this year. At the same time, in order to seize the international market, Enjie shares plans to establish lithium battery separator production bases in Europe and the United States, which are currently under investigation.
As the world’s largest supplier of lithium battery separators, Enjie shares its own sufficient supply capacity has a great advantage in the competition. It has now competed with the above three overseas companies. Lithium battery giants and dozens of lithium battery manufacturers at home and abroad, such as CATL, BYD, Guoxuan, Funeng, Lishen, etc., have established stable and good cooperative relations and formed mass supply. In addition, the company attaches great importance to in-depth technical exchanges with customers in the process of cooperation, and can quickly respond to customer needs and provide corresponding services.
Gathering high-end talents from around the world has outstanding Ru0026D advantages
More importantly, Enjie has an unsurpassed Ru0026D and product advantages. Through years of accumulation, the company has established a sound research and development team, and has established a core technology research and development team that includes high-end talents from the United States, Japan, South Korea and other places. The research scope covers diaphragms, coating production equipment, and diaphragm preparation processes. And the improvement of raw and auxiliary materials, coating technology, slurry formula, recycling and energy saving technology, and the development of forward-looking technology reserve projects. Enjie's core Ru0026D team has achieved a series of results in the improvement of production efficiency, the quality of lithium battery separator products and the development of new products. Currently, there are more than 50 valid patents, and more than 150 patents are pending, including international 27 patent applications. At the same time, the company can also jointly develop products with downstream customers to meet the diverse needs of customers, and has become the most abundant supplier of lithium battery separator products on the market. As one of the core materials in lithium batteries, lithium battery separators have high technical barriers, and their performance directly affects the discharge capacity, cycle life and safety of lithium batteries. Therefore, mainstream lithium battery manufacturers have passed strict system verification on material suppliers. In the process, Enjie has established a stable cooperative relationship with many first-class lithium battery manufacturers at home and abroad, which is the best proof of its outstanding quality.
