Xingyuan material is exclusively for BYD blade battery separators

New energy vehicles have recently gained the upper hand. Despite the obvious fluctuations in the market for several consecutive days, the performance of the new energy vehicle sector is eye-catching, with BYD as the leader becoming the focus, and its supply chain companies have also become the focus of investors. Interestingly, on November 26, many listed companies from different areas of the supply chain 'officially announced' on the interactive platform that they were BYD suppliers, and Xingyuan Material was one of them. In the afternoon of the same day, the relevant person in charge of the Securities Department of Xingyuan said in an interview with a reporter from the Cailian News: “The company’s major customers include South Korea’s LG Chem, CATL (300750.SZ), BYD, etc. The entire global new energy market is very hot. Many power battery companies have been expanding production, so we believe that the company's industry is the lithium-ion battery separator industry, and the prospects are relatively broad.' On November 26, on the interactive platform, Xingyuan Material stated that as one of the first major customers to establish a business relationship with the company, the company has always attached great importance to the cooperation with BYD in all aspects, and will continue to commit to follow up and increase In various cooperative relations, the company is currently the exclusive supplier of BYD blade battery separators. It is understood that the main materials of lithium-ion batteries include cathode materials, anode materials, electrolytes and separators. Among them, the separator is one of the key materials for the production of lithium-ion batteries. The consistency, stability and safety of the separator directly affect the product performance, product quality and production cost of lithium-ion batteries. An industry insider said that because the separator plays a very important role in the safety of lithium-ion batteries, and the investment in the production line of lithium-ion batteries is relatively large, lithium-ion battery manufacturers will conduct a long-term inspection of separator suppliers when choosing separators. , After being approved, a stable long-term business relationship is usually established. The reporter learned that Xingyuan material customers cover domestic and foreign. In the domestic market, the main customers include Ningde Times, Guoxuan High-Tech, Yiwei Lithium Energy, BYD, Tianjin Lishen, Funeng Technology, etc.; in the international market, the company's products are supplied to South Korea's LG Chem, Japan's Murata, Samsung SDI, SAFT, etc. . Although affected by the epidemic, market environment, industry and other factors, the operating performance of Xingyuan Materials declined overall in the first three quarters. According to the third quarterly report, the company's net profit attributable to the parent in the first three quarters was 103 million yuan, a year-on-year decrease of 47.55%. However, Xingyuan Material achieved positive growth in the third quarter, with net profit attributable to the parent of approximately 31,219,200 yuan, a year-on-year increase of 30.73%. Regarding the reasons for the growth in the third quarter performance, the company said that the main reason is the heavy volume of lithium battery diaphragm products. The company's number of customers and customer structure in 2020 have been greatly improved. Since the beginning of this year, the company has further strengthened cooperation with domestic and foreign lithium battery manufacturers. At the same time, the company has continued to expand the company's market share by continuously increasing the production capacity and output of dry and wet diaphragms and coated diaphragms. It is worth mentioning that, as the new energy vehicle sector is hot, on November 26, in addition to Xingyuan Materials, there will also be polymer modified materials company Huitong shares and the blueprint of supplying some parts for BYD’s new energy transmission. Dai Technology has indicated to investors on the interactive platform that it is a BYD supplier.