JY Technology Q3 results show that during the reporting period, the company achieved revenue of 1.173 billion yuan in the first three quarters, an increase of 49% year-on-year; net profit attributable to its parent reached 268 million yuan, an increase of 152% year-on-year.
Among them, in the first quarter of the first quarter, revenues of 411 million yuan, 427 million yuan, and 335 million yuan were achieved; net profit attributable to mothers was 80 million yuan, 101 million yuan, and 88 million yuan, respectively.
Regarding the reasons for the continued growth in performance, Jiayuan Technology said that the company's sales volume increased after the first three quarters of expansion, thereby promoting revenue growth.
According to public information, Jiayuan Technology was established in September 2001, and officially met in July this year. It is mainly engaged in the research, production and sales of various high-performance electrolytic copper foils. Among them, the main business profit mainly comes from downstream lithium battery companies, copper clad laminate companies, and circuit board companies that have a large demand for lithium battery copper foil.
Gaogong Lithium Battery Co., Ltd. has learned that in recent years, with the influx of new entrants into the capital, the release of new production capacity, the price of lithium battery copper foil, and the replacement of new competitive products, the fight against the lithium battery copper foil market has been escalating.
In order to win in this "fight" and occupy a larger market share, Jiayuan Technology has been focusing on the key to product upgrade. The mainstream products have gradually expanded from 12μm lithium copper foil to 6μm lithium copper foil.
Battery, Jiayuan Technology, 6μm lithium copper foil, lithium ion battery
At present, the important customers of Jiayuan Technology 6μm lithium battery copper foil include Ningde Times, Ningde New Energy, BYD, Funeng Technology, Xingheng Power and other well-known lithium battery companies.
On the whole, the current manufacturers of stable production of 6μm lithium-ion copper foil are still concentrated in the hands of a few head companies including Jiayuan Technology, Norder, Warwick Copper Foil, and have formed a large "secession" force.
Among them, Jiayuan Technology deployed and mass-produced 6μm lithium battery copper foil in advance, and was in a certain advantageous position in the first three quarters of this year. By significantly expanding the production of high value-added products such as dual-light 6μm copper foil, it has significantly increased revenue.
From the perspective of development trends, thin, thin, flexible and highly safe copper foils for power batteries will become the mainstream choice for increasing energy density. The development of high-quality thin lithium battery copper foils will become the next stage of development. At present, Jiayuan Technology's 5μm and 4.5μm ultra-thin copper foils have also been successfully developed. The 4.5μm ultra-thin lithium-ion copper foils have been produced in small batches and are expected to become its main core products in the future.
From the perspective of market space, according to GGII forecast, by 2020, China's power battery output will exceed 158.8GWh, and the output of lithium battery copper foil for power batteries will exceed 110,000 tons, becoming the main growth point of China's lithium battery copper foil market. The global lithium battery copper foil market will also continue its high growth trend. GGII expects that the global average compound annual growth rate of output in the next four years will reach 24%, and by 2020, the output will exceed 200,000 tons.
This means that the rapid expansion of China and even the global lithium-ion battery market will usher in the thinner lithium-ion copper foil market in the next industry “bonus period”.
It is foreseeable that, with the success of the Dongfeng Technology Innovation Board, Jiayuan Technology will gain more financing channels in the future.
At present, the company is raising funds of 969 million yuan for the construction of a 5000-ton / year high-performance copper foil for new energy power batteries, technological transformation of existing production lines, technological upgrading of corporate technology centers, and high-cleanness copper wire processing centers. If achieved, future performance will be even more worth looking forward to.