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Recently, Greenmey Co., Ltd. accepted the survey of investment institutions and introduced the company's business performance, battery material capacity, research and development progress, major customers, accounts receivable and future development direction in the first half of 2018.

With regard to the operation of new energy battery materials business in the first half of 2018, the company said that in the first half of 2018, the company's new energy materials business capacity was fully released, driving the company's sales and performance to grow significantly. The operating revenue of this sector exceeded 4 billion yuan, an increase of 98.7% over the same period of last year, accounting for 57.54% of the total operating revenue, and becoming the core business contributing to the company's operating performance.

It is understood that in the first half of 2018, Green's overseas sales revenue reached 2.49 billion yuan, accounting for 35.45% of the total operating revenue, a year-on-year increase of 482.92%. In recent years, Inglomerates has continued to increase technological innovation, positioned high-end customer groups, actively expanded market share with high-quality products, and established strategic cooperation with Samsung SDI, South Korea ECOPRO and other international well-known enterprises, which has significantly improved the company's foreign sales business.

With regard to the capacity construction of new energy battery materials, the Greenland side said that at present, the capacity of 60000 tons of ternary precursor has been built in Greenland, including 20000 tons of ternary material high nickel precursor production line. It is planned to sell 40000 to 50000 tons of precursors in 2018. In terms of cathode materials, Greenmea has built a capacity of 20000 tons, including 15000 tons of NCM and 5000 tons of lithium cobalate.

The mainstream supply of the ternary precursor of GME is CATL, Samsung SDI, ECOPRO and other mainstream customers at home and abroad, and has obtained the certification of LGC, BYD and other mainstream enterprises. At the same time, the key technology of high nickel products has been comprehensively and rapidly broken through by Greenmey. The NCM high nickel precursor has passed the LGC certification, and the NCA precursor has established a stable supply relationship with ECOPRO. The new energy battery materials sector accounted for 57.54% of the operating revenue, and this business became a favorable support point for the increased performance of GM.

With regard to the research and development progress of ternary battery materials, Greenmey said that at present, 523 and 622 products are the mainstream products in the market, and single crystal positive electrode is mainly used to replace polycrystalline positive electrode. However, Greenmey believes that high nickel is an inevitable trend in the development of ternary battery materials. Therefore, in addition to doing 523 improvement research, 523 single crystal research and development and 523 products for 48V starting power supply, Greenland is also paying close attention to and actively developing the research and development and technical reserves of 622, 811 and other high nickel products. At present, the 622 products of Greenmey have been produced and sold in batches, the 811 products have completed the technical development, and the batch products are being promoted and marketed. In 2018, Greenland will promote the mass marketing of high nickel products such as 622 and 811.

In terms of the Company's accounts receivable, Greenmey said that since 2017, on the one hand, Greenmey has actively expanded its sales scale to high-quality strategic customers at home and abroad, shortened the account period of accounts receivable, strictly controlled the account period of accounts receivable within one month, and comprehensively strengthened the control of accounts receivable; On the other hand, we took the initiative to adjust the electronic waste business sector, actively responded to the impact of the extension of the fund subsidy payment collection period on the company, and increased the production and sales of products with good cash flow. Financial indicators such as the cash flow of Greenland have been greatly improved. According to the 2018 semi annual report of Greenway, the net cash flow generated by the company's operating activities during the reporting period was about 422 million yuan, an increase of 311% over the same period of last year.

When asked about the impact of the rapid development of other competitors in the domestic new energy battery material industry on the company, the company said that the new energy market has broad development prospects and space, and the market itself is open, so there will be progress only if there is competition. In addition, the manufacturing of new energy materials is an industry of "technology+quality+green management", which is a combination of technical strength and financial strength. After more than 10 years of efforts, Greenmey has formed a full industrial chain system of "resource recovery, raw material recycling, precursor recycling, and ternary material manufacturing", with strong competitive advantages. In the face of all kinds of competition, Greenmey will start from building core competitiveness, focus on the core business of "raw material strategy+precursor manufacturing", build the world's most competitive precursor raw materials and precursor material manufacturing enterprise through technological innovation, and find the company's core position in the ternary material industry chain.

Recently, Jingmen Greenmey, a subsidiary of Greenmey, was selected into the list of the first batch of enterprises that meet the Industrial Norms and Conditions for the Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles. Greenmey introduced its advantages in power battery recycling.

It is reported that Greenland is a professional waste recycling and recycling company, with a huge recycling network covering 3000 kilometers in China, a world leading recycling technology, a world advanced whole industry chain technology and industry from raw material recycling to material recycling, and a recycling and management technology for end-of-life vehicles, batteries and various waste resources. As a world leading waste battery and cobalt nickel metal recycling enterprise, Greenmey expressed its confidence and strength to do a good job in recycling, and together with industry battery factories and automobile factories, it will recycle and safely dispose of China's power batteries and end-of-life vehicles, and create a new energy automobile industry chain that moves towards a green mode in the full life cycle from "green to green".

When asked about the future development direction, the company's founder, Xu Kaihua, founded the company in 2010, advocating the "mining urban mines" model and asking for resources from the city. After more than 10 years of development, Greenmey has made a breakthrough in solving the key technology of green treatment and recycling of waste batteries in China. Recycling of cobalt, nickel, manganese and other new energy power battery raw materials from "urban mines" to "new energy materials" is not only a natural transition in the development process of Greenmey's main business, but also a transformation and upgrading of the company's development strategy under the general trend of the development of the new energy automobile industry. In the future, Greenmey will continue to adhere to the core industry strategy of "urban mines+new energy materials", practice the circular industry with green technology, and create a great environmental protection enterprise respected by the world.

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