-Analysis of Leading Stocks in the Top 16 Lithium Battery Cathode Materials Listed Companies in Shenzhen, Shanghai, and Hong Kong

Analysis of Leading Stocks in the Top 16 Lithium Battery Cathode Materials Listed Companies in Shenzhen, Shanghai, and Hong Kong
author:enerbyte source:本站 click107 Release date: 2024-06-20 09:00:26
abstract:
The report on the development and prospects of China's lithium-ion battery cathode material market during the 13th Five Year Plan (2017 version) released by Car Research Consulting analyzed a total of 200 lithium-ion battery cathode material companies, including 39 listed companies in Shenzhen,...

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The report on the development and prospects of China's lithium-ion battery cathode material market during the 13th Five Year Plan (2017 version) released by Car Research Consulting analyzed a total of 200 lithium-ion battery cathode material companies, including 39 listed companies in Shenzhen, Shanghai, and Hong Kong. The detailed data on the production capacity, sales volume, revenue, and profit of enterprise cathode materials can be found in the report. A brief introduction is as follows:

1、 Ningbo Shanshan Co., Ltd. (lithium cobalt oxide+ternary)

Ningbo Shanshan Co., Ltd. was established in 1992 and listed on the Shanghai Stock Exchange in 1996. It is one of the first male business dress companies listed in China.

As early as 1999, Shanshan entered the lithium battery industry, starting with the production of negative electrode materials for batteries, and then making positive electrode materials and electrolytes. Since 2015, Shanshan Co., Ltd. has increased its strategic layout in the field of new energy vehicles and extended to the downstream new energy vehicle industry.

In 2003, Shanshan Corporation entered the market for lithium-ion battery cathode materials. Hunan Shanshan Energy Technology Co., Ltd. is a subsidiary invested and controlled by Ningbo Shanshan Co., Ltd. It was established in November 2003 and has been listed on the National Equities Exchange System since February 16, 2016.

On January 15, 2016, Shanshan Energy (Ningxia) Co., Ltd. was officially registered and established. The "One General Administration, One Institute, and Three Bases" of Shanshan Energy have officially begun.

2、 Beijing Dangsheng Material Technology Co., Ltd. (lithium cobalt oxide+ternary)

Beijing Dangsheng Material Technology Co., Ltd. was established in 2001, originating from the first batch of innovative central enterprises managed by the State owned Assets Supervision and Administration Commission of the State Council - Beijing Mining and Metallurgy Research Institute. In April 2010, it landed on the ChiNext board and became the only listed lithium battery cathode material company in China. Since entering the lithium battery positive electrode material industry in 2002, the company has become the first domestic supplier of exported lithium battery positive electrode materials.

From 2010 to 2014, the company's main product was lithium cobalt oxide. However, during this period, due to excessive industry investment, there was overcapacity, resulting in a significant decrease in product prices and losses in the company's performance. In 2015, the company successfully transformed into the field of automotive power ternary materials, with significant growth in production and sales.

3、 Xiamen Tungsten Industry Co., Ltd. (lithium cobalt oxide+lithium manganese oxide+lithium iron phosphate+ternary materials)

Xiamen Tungsten Industry Co., Ltd., formerly known as Xiamen Alumina Factory, was founded in 1958. It began producing tungsten products in 1982 and was renamed Xiamen Tungsten Products Factory in 1984. In December 1997, Xiamen Tungsten Products Factory was restructured as Xiamen Tungsten Industry Co., Ltd. through the initiation of establishment. In November 2002, the company's stock was listed on the Shanghai Stock Exchange.

Xiamen Tungsten entered the field of battery materials in 2003 and accelerated its layout in the field of positive electrode materials in 2012. Currently, its products include lithium cobalt oxide, ternary materials, lithium manganese oxide, and lithium iron phosphate.

The cobalt and nickel sulfate produced by the company for lithium-ion materials are mainly purchased from production enterprises such as Jinchuan Group, Qingyuan Ghana, and Shanghai Metal Exchange; Lithium carbonate and lithium hydroxide are mainly purchased through long-term partnerships with leading domestic enterprises and some lithium salts are imported from Japan.

4、 Greenway Co., Ltd. (lithium cobalt oxide+ternary)

Greenway Co., Ltd. was established in Shenzhen in December 2001 and was listed on the Small and Medium Enterprises Board of the Shenzhen Stock Exchange in January 2010. It is the first stock in China to extract "urban mining" resources, the first stock in the renewable resources industry, and the first stock in the electronic waste recycling industry.

In recent years, on the basis of expanding its business in ultra-fine cobalt nickel powder, Greenway has established a production line for lithium-ion battery materials, producing precursor products for lithium-ion battery cathode materials including cobalt tetroxide, nickel cobalt manganese ternary materials, nickel cobalt aluminum ternary materials, etc. At present, the company has fully laid out the entire industry chain of "raw materials cobalt salts precursors cathode materials" for lithium cobalt oxide and ternary cathode materials. We have cooperative relationships with Far East Foster and Jiewei Power in the domestic market, and indirectly enter the CATL industry chain through precursor OEM processing for Bangpu Company; In the foreign market, we cooperate with manufacturers such as Samsung and ECOPRO.

Centered around Jiangsu Kailike and Wuxi Greenmei, we have implemented the transformation and upgrading of the power battery material chain and successfully constructed the "Kailike Xingyou Wuxi Greenmei" power material industry chain.

5、 Jiangmen Keheng Industrial Co., Ltd. (lithium cobalt oxide+lithium iron phosphate+ternary)

Jiangmen Keheng Industrial Co., Ltd. was established in 1994, formerly known as Jiangmen Lianxing Keheng Additive Factory. As early as 1994-95, the KF series textile additives developed and produced independently have become leading products in China. In 1997, he began to venture into the field of rare earth luminescent materials and successfully developed products such as bimodal blue powder, high-temperature resistant red powder, and full spectrum fluorescent powder, which became the first products in China. After 2003, Keheng's rare earth fluorescence sales remained the champion, becoming a leader in the global rare earth fluorescent powder industry.

In 2012, Keheng transformed into the field of lithium-ion battery materials and launched its first lithium-ion battery cathode material product LCO-1 in 2013. After two years of business expansion, Keheng has entered the ranks of leading domestic suppliers of lithium-ion battery cathode materials. In addition, LED luminescent materials, catalytic materials, photobiological materials, and organosilicon materials have also been successfully developed and launched into the market.

In July 2012, it was listed on the Shenzhen Stock Exchange Entrepreneurial Edition.

In 2016, we entered the field of lithium battery automation production equipment and have currently formed a dual business model of "materials+equipment".

6、 Minmetals Capital Co., Ltd. (lithium cobalt oxide+ternary)

Minmetals Capital Co., Ltd., formerly known as Jinrui New Materials Technology Co., Ltd., is a technology-based enterprise controlled by Changsha Mining and Metallurgical Institute. In 2009, Changsha Mining and Metallurgy Research Institute was merged into China Minmetals Group Corporation as a wholly-owned subsidiary, making China Minmetals the actual controller of the company.

The company's New Materials Division's wholly-owned subsidiaries, Long Term Lithium Technology and Jinchi Materials, operate battery materials business.

Hunan Changyuan Lithium Technology Co., Ltd. was established in June 2002. In December 2013, Jinrui Technology won a 35% stake in Hunan Changyuan Lithium Technology, increasing its shareholding to 51%. Changyuan Lithium Technology became a controlling subsidiary of Jinrui Technology. The company's main products include lithium cobalt oxide, lithium manganese oxide, ternary composite lithium-ion cathode materials, etc. In November 2014, Jinrui Technology participated in the bidding for the remaining 49% equity of Long Term Lithium Technology.

7、 Meidu Energy Co., Ltd. (Three yuan)

Meidu Energy was founded on May 31, 1988, formerly known as Hainan Baohua Real Estate Comprehensive Development and Operation Company. In April 1999, it was listed on the Shanghai Stock Exchange. In September 2002, it was acquired by Meidu Group and in March 2003, its registered address was moved from Hainan Province to Hangzhou City, with the name changed to "Meidu Holdings Co., Ltd." and the securities abbreviation "Meidu Holdings". In December 2009, the company's registered address was relocated from Hangzhou to Deqing County, Huzhou City, Zhejiang Province. In October 2014, the company name was changed to "Meidu Energy Co., Ltd." and the securities abbreviation was changed to "Meidu Energy".

Shanghai Delong Energy Power Battery Co., Ltd. was established in October 2009, with a controlling stake of 28.12%.

In November 2016, a subsidiary of the company, Zhejiang Meidu Moene Technology Co., Ltd., and Hangzhou Shuhan Investment Management Partnership Enterprise (Limited Partnership) jointly invested 100 million yuan to establish Deqing Meidu New Energy Technology Partnership Enterprise (Limited Partnership). Meidu New Energy purchased a total of 49.597% equity of Shanghai Delong Energy Power Battery Co., Ltd. held by Time and Space Electric Vehicle Co., Ltd. and others for 396.776 million yuan.

De Langneng Power Battery mainly focuses on producing cylindrical lithium-ion batteries, with 18650 products having the highest shipment volume. In addition, the company also has involvement in the 26650 and 14650 categories. We have successively mass-produced cylindrical lithium-ion battery products using lithium cobalt oxide, lithium iron phosphate, and ternary as battery cathode materials.

8、 Fujian Zhonghe Co., Ltd. (Three Yuan)

Zhonghe Co., Ltd. is mainly engaged in the development, production, and sales of high-end cotton leisure clothing fabrics, belonging to the printing and dyeing sub industry in the textile industry. On July 6, 2012, it was announced that it would enter the new energy lithium battery material industry and plan to acquire no less than 51% equity of Xiamen Boshi Trading Co., Ltd. held by Xiamen Huangyan Trading Co., Ltd. for no more than 500 million yuan. Xiamen Boshi currently holds 70% equity of lithium battery enterprise Shenzhen Tianjiao Technology and 33% equity of Aba Prefecture Minfeng Lithium Industry.

In 2014, after acquiring 100% equity of Xiamen Huangyan, the company acquired a final stake of 70% in Shenzhen Tianjiao and 96.14% in Minfeng Lithium.

Shenzhen Tianjiao Technology Development Co., Ltd. was established in 2004 and is a high-tech enterprise mainly engaged in the research and development, production, sales, and related technical consulting and services of new energy materials.

The Tianjiao product series includes ternary materials, lithium titanate, and lithium manganese oxide, and has also entered the field of electrolyte and ternary material precursor production. Tianjiao Technology was sold to Zhonghe Shares by China Baoan, and Zhonghe Shares became the major shareholder of Tianjiao.

9、 CITIC Manganese Holdings Limited (Hong Kong Stock) (Three yuan)

In June 2017, CITIC Manganese invested in the construction of a nickel cobalt manganese lithium ternary material project in Chongzuo Industrial Park, Guangxi. The project will be constructed in three phases. Among them, the first phase has been completed and put into operation, mainly producing 523 type nickel cobalt manganese lithium ternary material products; The second phase will build a 10000 ton nickel cobalt manganese lithium ternary material production line in 2018, mainly producing 622 type nickel cobalt manganese lithium ternary material products; The third phase will achieve an annual production capacity of 20000 tons of nickel cobalt manganese lithium ternary materials by 2020, with the new production capacity mainly producing high nickel ternary materials.

10、 Jiangxi Special Electric Motor Co., Ltd. (Sanyuan)

Jiangxi Special Electric Motor Co., Ltd. is a national high-tech enterprise that integrates research and development, production, and sales of special motors and lithium-ion new energy series products. It directly and indirectly controls more than 20 companies, covering industries such as motors, mineral mining and processing, lithium rubidium cesium compounds, positive electrode materials and electric vehicles, robot software, etc.

At present, Jiangte Electric has four major industries, namely the electromechanical industry, mining industry, lithium battery materials industry, and electric vehicle industry.

Since 2009, Jiangte Electric has collaborated with Professor Zhong Shengwen, an expert in lithium manganese based cathode materials at Jiangxi University of Technology, to establish Jiangte Lithium Battery, officially entering the field of lithium battery cathode materials such as lithium manganese based and ternary materials.

Jiangxi Jiangte Lithium Battery Materials Co., Ltd. was established in June 2009, with Jiangte Electric holding 97.45% of the shares. Mainly engaged in the production of lithium battery cathode materials, including bulk production of ternary materials and lithium rich manganese based cathode materials.

11、 Guoguang Electric Appliance Co., Ltd. (Three Yuan)

The main business of Guoguang Electric Appliances Co., Ltd. includes three categories: audio and electrical sound, lithium battery, and park development. Among them, the audio and electrical sound business mainly includes speaker units and audio systems, which is the largest business.

Guoguang Electric's lithium battery business includes soft pack batteries and lithium battery positive electrode materials used in consumer electronics. The company's soft pack battery business is developing normally, while lithium battery positive electrode materials are just in their early stages.

In 2009, Guoguang Electric proposed the research and development needs of NCA. In 2010, a research and development team for lithium battery cathode material NCA was established. After several years of continuous research, the pilot test was completed in 2013. In May 2014, the company jointly established Guangzhou Libao New Materials Co., Ltd. with Jiangsu Guotai, Huarong Chemical and relevant technical personnel to jointly promote the industrialization of NCA and NCM materials.

12、 Yibin Tianyuan Group Co., Ltd. (Three yuan)

Yibin Tianyuan Group Co., Ltd. was founded by Mr. Wu Yunchu, a famous patriotic industrialist and founder of China's chlor alkali chemical industry, in 1944. It is one of the earliest chlor alkali chemical enterprises in China.

On April 25, 2017, Guoguang Electric Appliances and Tianyuan Group signed a cooperation framework agreement. The two parties plan to invest in the construction of an annual production of 20000 tons of nickel cobalt manganese hydroxide/nickel cobalt aluminum hydroxide project and an annual production of 20000 tons of nickel cobalt manganese oxide/lithium nickel cobalt aluminum oxide project in Yibin through various cooperation methods such as equity investment.

On June 12, 2017, Tianyuan Group agreed to use its own funds to increase its capital and shares in Guangzhou Libao New Materials Co., Ltd., with a capital increase of 309 million yuan and a contribution ratio of 49%. At present, Yibin Tianyuan Group Co., Ltd. holds 49.40% of the shares, Guoguang Electric Appliance Co., Ltd. holds 47.80% of the shares, and Jiangsu Guotai International Group International Trade Co., Ltd. holds 1.40% of the shares.

In the future, Guangzhou Libao will focus on the project of ternary cathode materials, and the precursor project of ternary cathode materials will be operated by an independent company.

13、 Zhejiang Youfu High tech Fiber Co., Ltd. (Sanyuan)

Zhejiang Youfu High tech Fiber Co., Ltd. originally focused on the research and development, production, and sales of polyester industrial yarn. However, in the fourth quarter of 2016, it completed the acquisition of 51% equity of Zhihang New Energy, forming a dual main business: polyester industrial yarn and lithium batteries. Due to the merger of Zhihang New Energy into the company in the fourth quarter of 2016, the contribution of lithium battery business to the company was not fully reflected until 2017.

Jiangsu Zhihang New Energy Co., Ltd. was established in July 2012. It is a high-tech enterprise that focuses on the research and development, production, sales, and service of power type lithium battery cathode materials, lithium batteries, battery packs, and other products. We have established cooperation with well-known domestic car companies such as Dongfeng Motor, Huachen Automobile, Zhongzhi Automobile, Special, and Jiangsu Aoxin.

14、 Wulong Electric Vehicle (Group) Co., Ltd. (Hong Kong Stock) (Three yuan)

Wulong Electric Vehicle (Group) Co., Ltd. is a comprehensive electric vehicle manufacturer listed on the Main Board of the Hong Kong Stock Exchange. Its predecessor was Zhongju Battery, and it has been engaged in the lithium battery business for electric vehicles since 2010.

The company also has a wholly-owned subsidiary, Wulong Power Co., Ltd. (Hong Kong Stock, formerly known as Shian Group), whose business involves investment in the new energy field, lithium battery production and manufacturing, etc. The main business covers research and development, production, and sales of lithium-ion battery cathode materials and related products.

On November 2, 2014, Shian Group announced its acquisition of convertible bonds issued by Wulong Electric Vehicle. Wulong Electric Vehicle Company Zhongju Strategy Investment Co., Ltd. (now the largest shareholder, accounting for 67.19%) has acquired all issued shares of Shian Group and cancelled all of its purchase rights through the issuance of convertible bonds in exchange for the exchange of convertible bonds issued by Wulong. Currently, Wulong Power is an indirect non wholly-owned subsidiary of Wulong Electric Vehicle (Group) Co., Ltd.

In April 2015, Wulong Power acquired the equity of SynergyDragonLimited for a consideration of HKD 750 million, indirectly holding a 25% stake in lithium battery manufacturer Zhongju Battery Co., Ltd., with a focus on the lithium-ion battery and related product sector.

In October 2015, Wulong Power completed its wholly-owned acquisition of Aisikai (Chongqing) Lithium Battery Materials Co., Ltd.

In November 2015, a memorandum of understanding was signed with Li Kai Electric Energy Technology Co., Ltd.

On January 21, 2016, Shian Group was officially renamed as Wulong Power. Shian Group has shifted its focus from investment and consulting services as its main source of income to Wulong Power's main business of research and development, production, and trading of nickel cobalt manganese (NCM) lithium-ion battery cathode materials.

15、 Chongqing Wanli New Energy Co., Ltd. (lithium iron phosphate+ternary)

Chongqing Wanli New Energy Co., Ltd., formerly known as Chongqing Wanli Holdings (Group) Co., Ltd. and Chongqing Wanli Battery Co., Ltd., formerly known as Chongqing Battery Factory.

Chongqing Terui Battery Materials Co., Ltd. was established in 2007 and is a high-tech enterprise specializing in the research and development, production, and sales of lithium battery cathode materials. Its main products include XC series lithium iron phosphate and TR series lithium nickel cobalt manganese oxide.

In May 2017, Wanli Shares subscribed to 2.15 million new shares of Chongqing Terui Battery Materials Co., Ltd. and acquired 3.65 million shares of Terui Battery held by the company's controlling shareholder Nanfang Tongzheng at the same price, with a total investment amount of 255.2 million yuan. After the completion of this capital increase and equity transfer, the company will accumulate 5.8 million shares of Terui Battery, accounting for 15.61%, and become its second largest shareholder.

16、 China Bao'an Group Co., Ltd. (lithium iron phosphate+ternary)

Shenzhen Betrui New Energy Materials Co., Ltd. is a manufacturer of new energy materials for lithium-ion secondary batteries, controlled by China Baoan Group. It integrates basic research, product development, production and sales. The main products include lithium-ion battery negative electrode materials, positive electrode materials, natural flake graphite, and graphite product processing.

In addition to negative electrode materials, Betray's positive electrode materials have also developed very quickly. The positive electrode material products mainly include lithium iron phosphate positive electrode materials, manganese based multi-component composite positive electrode materials, and ternary positive electrode materials NCA.


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