[performance] Jiangsu Cathay Pacific: the first half revenue of Huarong chemical, a subsidiary of electrolyte, was 598 million yuan

On August 25, Jiangsu Cathay Pacific (002091) released its 2020 semi annual report. In the first half of the year, Jiangsu Cathay Pacific achieved an operating revenue of 12.55 billion yuan, a year-on-year decrease of 29.72%, the net profit attributable to shareholders of listed companies was 328 million yuan, a year-on-year decrease of 28.64%, and the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 304 million yuan, a year-on-year decrease of 22.83%.

In recent years, the state has successively issued a series of support policies for strategic emerging industries such as new energy, new materials and new energy automobile industry. Jiangsu Cathay Pacific said that it would seize the major opportunity of a new round of scientific and technological revolution and industrial reform, integrate into the global industrial division of labor, and continue to move forward to the leading industry in the technological frontier. Ruitai new energy, a wholly-owned subsidiary of the company, is the development platform of the company's new chemical materials and new energy business. Its holding subsidiary Huarong chemical is a key high-tech enterprise in the national torch plan, which mainly produces lithium-ion battery electrolyte and silane coupling agent. In the first half of the year, it achieved an operating income of 598 million yuan, a year-on-year decrease of 16.13%. Its holding subsidiary Chaowei new materials is a high-tech enterprise, with an operating income of 67.2925 million yuan in the first half of the year, Year on year growth of 5.35%. (source: battery bairenhui battery network)

[performance]Shi Dasheng reported a revenue of 1.735 billion, and the price of dimethyl carbonate fell

On August 30, Shi dashenghua (603026) disclosed the 2020 semi annual report. In the first half of the year, the company achieved an operating revenue of 1.735 billion yuan, a year-on-year decrease of 25.90%; The net loss attributable to shareholders of listed companies was 42.2307 million yuan, with a net profit of 225 million yuan in the same period of last year; The basic loss per share was 0.21 yuan.

Shi dashenghua said that the main reason for the change in the company's operating income was that affected by the COVID-19 and the international crude oil price, the downstream supply and demand decreased, the production of each unit of the company decreased, and the domestic sales volume and the export volume of carbonate series decreased significantly; At the same time, the market supply of dimethyl carbonate increased, and the sales price decreased, resulting in a decline in revenue.

It is worth noting that on the evening of April 20, Shi dashenghua announced that the company plans to establish its subsidiary Dongying Shi dashenghua lvrong New Material Technology Co., Ltd. to build a 5000 ton / year power battery material project. The project is expected to invest 725 million yuan and the construction period is two years. It mainly produces lithium difluorophosphate, lithium difluoroacetate borate, lithium tetrafluoroborate, lithium fluoride, lithium difluorosulfonate, lithium difluoromethane sulfonimide and other products. (source: battery bairenhui battery network)

[performance]The first half revenue of dfdo was 1.732 billion by the end of this yearLithium hexafluorophosphateThe annual production capacity may reach 10000 tons

On August 27, duofuduo (002407) disclosed its 2020 interim report. The company achieved an operating revenue of 1.732 billion yuan and a net profit of 15.711 million yuan attributable to shareholders of listed companies.

Dfdo said that by the end of 2020, the company will have an annual production capacity of 8000 to 10000 tons of lithium hexafluorophosphate, and its products will continue to be supplied to mainstream electrolyte manufacturers such as BYD, Shanshan Co., Ltd., xinzhoubang, Tianci, etc., and exported to South Korea, Japan and other countries, with sales ranking among the top in the world.

Everbright Securities predicts that at present, the price of lithium hexafluorophosphate has fallen back to the low level in 2014. With the stimulation of domestic new energy vehicle policies and the rise of European electric vehicle market, the global supply and demand of lithium hexafluorophosphate is expected to continue to improve; In the medium term, the price has returned to the rising channel, and the profits of related businesses of polyfluorouracil are expected to repair upward. (source: battery bairenhui battery network)

[performance] Yan'an BICOM's net profit in the first half of the year was 116 million, and it is proposed to terminate its subsidiarySpin offlist

On August 28, Yan'an Bikang (002411) released its semi annual performance report, saying that the net profit attributable to shareholders of Listed Companies in the first half of 2020 was about 116 million yuan, the operating income was about 3.507 billion yuan, and the basic earnings per share was 0759 yuan.

Yan'an Bikang said that in the first half of 2020, affected by the epidemic, the domestic pharmaceutical industry, except for a few epidemic control products, generally had limited production and consumption activities, leading to the contraction of market demand. At the same time, the upstream and downstream enterprises of Yan'an Bikang delayed the resumption of work and production, and the transportation of goods of the company in the early stage was also restricted to a certain extent, resulting in a year-on-year decline in the company's main business of pharmaceutical production and the sales revenue of new energy and new materials, resulting in a year-on-year decline in the company's profits; Due to the limited medical terminal diagnosis and treatment services during the epidemic period, the pharmaceutical demand has decreased, which has affected the pharmaceutical business sector of the company to a certain extent, and the sales revenue has decreased year-on-year, resulting in a year-on-year decline in the company's profits.

It is worth noting that in March this year, Yan'an Bikang announced that the company plans to spin off its holding subsidiary Jiangsu Jiujiu Technology Co., Ltd. to Shenzhen Stock Exchange gem.

On August 29, Yan'an Bikang announced that Shaanxi Securities Regulatory Bureau planned to impose administrative punishment on the listed company and the actual controller lizongsong. The company's spin off did not comply with the relevant provisions of the provisions on the pilot domestic listing of subsidiaries of listed companies. Therefore, the company plans to terminate the spin off. (source: battery bairenhui battery network)

[think tank circle]The low price of solvent and lithium hexafluorophosphate may continue

Recently, when interacting with investors, xinzhoubang revealed that due to the increase of high-end customer orders and the decrease of upstream raw material prices, the gross profit margin of lithium-ion battery electrolyte of the company has improved compared with the same period last year, and the profit margin has remained at a relatively reasonable level.

In addition, at present, the prices of solvent and lithium hexafluorophosphate are lower than the bottom range. Xinzhoubang believes that the current situation will remain for a period of time, mainly because the supply of new capacity is still increased. When the market competition reaches a certain stage, the prices of raw material solvent and lithium hexafluorophosphate will show a reasonable return. At the same time, in the future competition of lithium-ion battery electrolyte, technological development strength, customer structure, industrial chain layout and cost leadership will become crucial factors in the industry competition.

Article source:China Battery