On September 10, JXMG Advanced Materials Technology Group successfully IPO!
JXMG's main business is the research and development, production and sales of new composite membrane materials. In this IPO, JXMG intends to use the 410 million yuan raised funds for the expansion project of solar battery backsheets with an annual output of 30 million square meters, the expansion project of Aluminum Plastic Film for Lithium Ion Battery with an annual output of 10 million square meters, and the provincial photoelectric composite material engineering technology. Research center expansion project and supplementary working capital project.
From 2017 to 2019, JXMG achieved revenues of 595 million yuan, 867 million yuan, and 946 million yuan from its main business respectively;
Solar backsheet revenue accounted for more than 95% for three consecutive years
During the reporting period, JXMG's main product was solar battery backsheets, and sales revenue accounted for more than 95% of the main business revenue in each period; Aluminum Plastic Film for Lithium Ion Battery, special protective film, and POE film were newly developed by the company In the reporting period, sales have been achieved for the product types of, but the sales volume and sales amount are small.
In 2019, the revenues of JXMG solar battery backsheet, Aluminum Plastic Film for Lithium Ion Battery, protective film, and POE film were 884 million yuan, 19 million yuan, 32 million yuan, and 4 million yuan, respectively, accounting for 94.11%, 2.00%, 3.42%, 0.47%.
1. Solar cell backplane
The backplanes produced by JXMG are mainly T series products (TPM structure and TPT structure) and K series products (KPM structure and KPK structure), and there are a certain number of BO series products.
2. Aluminum Plastic Film for Lithium Ion Battery
During the reporting period, JXMG’s Aluminum Plastic Film for Lithium Ion Battery has achieved mass production and sales. With the continuous improvement of production technology and the continuous expansion of the sales market, aluminum plastic film will become the company’s new profit growth point, which will also Accelerate the import substitution process of China's Aluminum Plastic Film for Lithium Ion Battery market.
3. Special protective film
In addition to solar battery backplanes and aluminum-plastic film products, JXMG is currently developing products that also include special protective film products such as electrical protective film and building material protective film.
The special protective film developed by JXMG is a new type of film material composed of weather-resistant PET film and release film or fluorine film, PET film and polymer film through adhesives. It can be widely used in photovoltaics, outdoor building materials, high-speed rail And aircraft interiors, outdoor billboards and space films. Since 2018, JXMG's special protective film products have been shipped in batches.
4. POE film
JXMG's POE film has been shipped in batches. With the increase in the market share of double glass modules, POE film will become one of the company's new profit growth points.