Views: 0 Author: Site Editor Publish Time: 2020-07-17 Origin: Site
[Report] \"China White Paper Industry Development White Paper (2020)\" was released
On July 10, China Battery Industry Research Institute, Yiwei Economic Research Institute, and EVTank jointly released the \"White Paper on the Development of China's Copper Foil Industry (2020)\".
The white paper conducts detailed research and analysis on the development status of China's copper foil industry in 2019, the competition pattern of China's copper foil in 2019, key lithium-ion copper foil manufacturers, and development trends of the copper foil industry.
[Performance] Demand of CCL customers is lower than expected Chaohua Technology turned from profit to loss in the first half of the year
On July 15th, Chaohua Technology (002288) released its half-year performance forecast for 2020: an estimated loss of 38 million yuan to 43 million yuan, and a profit of 32.125 million yuan in the same period last year, which turned from profit to loss in the same period last year.
Chaohua Technology said that during the reporting period, due to the impact of the New Coronary Pneumonia epidemic, the company's industry chain has been impacted to a certain extent. Downstream demand, especially for copper clad laminates and printed circuit board customers, fell short of expectations, and the company's operating income decreased significantly year-on-year.
[Interaction] The global demand for 6μm lithium battery copper foil will reach 283,000 tons per year in 2022
Recently, Chaohua Technology (002288) said in the interaction with investors that the future demand for copper foil will mainly be in new energy vehicles, energy storage, 5G, data centers, etc. \"new infrastructure\", consumer electronics and other fields. First of all, in the field of new energy vehicles, the global penetration rate of new energy vehicles continues to increase, and auto giants such as Volkswagen, Toyota, BMW, Tesla, Ford, and BYD have deployed new energy vehicles. In May 2020, Volkswagen invested nearly 160 billion shares in Guoxuan Hi-Tech and JAC, which will further strengthen the Volkswagen Group’s new energy vehicle industrial layout. According to Volkswagen’s plan, local sales of new energy vehicles in China will be achieved by 2025 Reached the goal of 1.5 million vehicles. The BMW Group announced that by the end of 2021, it plans to deliver 1 million new energy vehicles to customers worldwide. In the future, the demand for copper foil will continue to remain tight. According to the related research report, only in the field of 6μm lithium battery copper foil, the global demand for 6μm lithium battery copper foil will reach 283,000 tons/year by 2022, with a compound annual growth rate of 65.2%.
Secondly, the global energy storage market is developing rapidly, and the energy storage field may become another blue ocean of lithium battery copper foil. According to statistics from the International Energy Agency (IEA), the power of newly added energy storage devices in the world reached 3.1GW in 2018, a year-on-year increase of 94%. According to BloombergNEF's forecast of the cumulative installed capacity of global energy storage devices, the total power of global energy storage devices will rapidly grow from 9GW in 2018 to 1095GW in 2040, with a compound annual growth rate of up to 24% year-on-year. The rapid growth of foil demand. According to the calculation of the average copper foil consumption per unit of lithium-ion batteries is about 900 tons/GWh (8μm), by 2040, the demand for lithium battery copper foil will reach 990,000 tons, and the future prospects are broad.
In addition, as of the end of 2019, my country has built more than 130,000 5G base stations; as of the end of February 2020, there were 164,000 5G base stations nationwide. With the acceleration of new infrastructure such as 5G and IDC, the demand for upstream PCBs and CCL will be greatly boosted, and the copper foil market will show a \"both volume and price rise\" situation.
In addition, according to survey data, as of April 2020, the total number of mobile phone users of the three major operators reached 1.59 billion. From January to April 2020, the cumulative shipment of 5G mobile phones in the domestic market was 30.441 million units. The huge number of mobile phone users provides the basis for the conversion of 5G. The growth rate of lithium batteries in the 3C field is expected to resume, and 2020 will usher in an explosive period of iterative upgrades of 5G smartphones. The suppressed 4G is waiting for the full release of 5G replacement needs.
[Performance] Jiayuan Technology expects its profit in 2020 to fall 60.89% to 73.06% year-on-year
On July 13, Jiayuan Technology (688388.SH) disclosed that after preliminary calculations by the company's financial department, it is expected that the net profit attributable to the owner of the parent company will be RMB 48.619 million to RMB 70.661 million in the first half of 2020. Compared with the same period of the year (statutory disclosure data), it will decrease by 110 million yuan to 132 million yuan, a year-on-year decrease of 60.89% to 73.06%.
Jiayuan Technology said that the main reasons for the changes in the performance of this period are: 1. Due to the impact of the new crown epidemic this year, sales in the domestic and foreign markets were lower than expected, and demand fell. During the reporting period, downstream customers' production operations resumed slowly, and the company's production orders and product shipments declined to a certain extent. 2. During the reporting period, new capacity of lithium battery copper foil manufacturers was gradually released, market demand fell short of expectations, competition became increasingly fierce, the company's product sales prices and gross profit margins declined, and the company's net profit declined to a certain extent compared with the same period last year.
【International】Japan's JX plans to increase its copper output of its Chile Caserones project by 13% within three years
TOKYO, July 15: Seiichi Murayama, President of JX Nippon Mining & Metals, said on Wednesday that he plans to increase the annual copper output of his Chilean Caserones project by 13% in the next three years, and strive for the 2022/23 fiscal year. Realize annual net profit.
[Think Tank Encyclopedia] The supply of 6μm lithium battery copper foil in 2020-2021 may still be mainly from the original big factories
According to a research report released by Industrial Securities, the average energy density of 8μm lithium battery copper foil of the first-line lithium battery copper foil manufacturers is 230WH/kg. According to the mass energy density=battery capacity/battery quality, 6μm, 4.5μm lithium battery copper foil will be 8μm Lithium battery copper foil capacity density increased by 5% and 9%.
Societe Generale predicts that 6μm is expected to become the mainstream of lithium battery copper foil in 2020-2021. In the future, if 6μm becomes the mainstream, the new supply will mainly come from the planned expansion of the manufacturer and the traditional 8μm to 6μm production switch. However, the lithium battery copper foil industry has strong equipment barriers, certification barriers and technical process barriers (yield rate), which makes it difficult for new entrants to enter in the short term; it is mainly manifested in the procurement of core equipment (cathode rollers, foil machine), new production The capital construction period and trial production period of the line have a 1-year construction window period. At the same time, the certification period of the power battery to copper foil is about half a year, and mass production requires at least about half a year, which leads to the short-term rapid expansion of the production capacity. Existing manufacturers try to convert from 8μm to 6μm, standard foil to lithium battery copper foil has a capacity loss rate, the company's good product rate difference is large, and a certain period of time for production. It is expected that the supply of 6μm lithium battery copper foil in 2020-2021 may still be mainly derived from the original large plant.
