On September 6, Meilian New Materials stated that the company's power lithium battery separator project is expected to be completed and put into operation in the first half of 2019.
According to the data, Meilian New Material issued an announcement on October 20, 2017, stating that the company intends to use its own funds of 50 million yuan to set up a wholly-owned subsidiary, Guangdong Meilian Diaphragm Co., Ltd., and to use this subsidiary as the project's main investment and construction The industrialized construction project of an annual output of nearly 100 million square meters of wet-process diaphragm base film and 80 million square meters of coated lithium battery wet-process diaphragm. The project has a planned total investment of 503 million yuan and a construction period of 1-2 years.
It is understood that Meilian New Materials is mainly engaged in the research and development, production, sales and technical services of polymer composite coloring materials, and provides customers with integrated plastic coloring solutions. Midland New Material said that the construction of the above projects will help accelerate the company's large-scale development, significantly increase the company's operating income and net profit, promote the company's transformation and upgrade, and further enhance the company's comprehensive strength.
Meilian's 2018 semi-annual report shows that in the first half of the year, the company achieved revenue of 256 million yuan, an increase of 33.72% year-on-year, and realized a net profit attributable to shareholders of listed companies of 28 million yuan, a year-on-year increase of 6.77. %.