The turning point for the performance improvement

2022-07-28
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The inflection point for continuous and large-scale performance improvement of new energy vehicles is imminent

with the global popularity of electric vehicles, the amount of lithium batteries and lithium hexafluorophosphate of polyfluorodox will increase significantly, and its contribution to the company's performance will burst out this year, and the inflection point for performance improvement of polyfluorodox is imminent. After the suspension of trading for nearly three months, doxorubicin (002407) announced the termination of the major asset restructuring plan on June 4. As soon as the news came out, the company's share price kept falling by two limits. Is the failure of the short-term restructuring plan causing such huge fluctuations in the stock price an overreaction of the market, or is it more bearish on the company's development prospects? If it is the latter, it does not seem to be logical under the background of the continuous heavy volume of new energy vehicles in recent months

polyfluoropoly is the dual material leader of domestic fluoride salt and lithium hexafluorophosphate (the core raw material of lithium battery electrolyte). Its main products include cryolite, anhydrous aluminum fluoride, lithium hexafluorophosphate, lithium battery and electric vehicle powertrain. Affected by the downturn of the traditional fluorinated salt market, the company's performance has been in a downward trend for two consecutive years. The expectation of the market for the development of the company mainly focuses on the broad market prospect of highly differentiated lithium phosphate and lithium battery for the products of hexafluoride that have obtained the label certification of excellent sustainability

according to the latest minimum reading of 0.0001n in the new energy automobile industry, in April this year, the national automobile enterprises produced 2562 pure electric passenger vehicles, a month on month increase of 35.27%, and a year-on-year increase of more than three times, an increase of 359.14%. Shanghai Huapu, Chery and Zhongtai rank among the top three in terms of output

DFT is currently the only lithium battery supplier of Zotye's electric vehicle series. Since the beginning of this year, Zhongtai's new product Zhidou E20 has been selling rapidly, with more than 500 units sold every month. Moreover, this model is in short supply at present, and the market was once out of stock. In addition, Zhongtai's new model cloud 100 electric vehicle is expected to be launched in September this year. Accordingly, it is speculated that the lithium battery products of polyfluorodox are also in a continuous and large-scale supply state. At present, the design capacity of the lithium battery of DFT is 50million ah. Based on 3200ah of each electric vehicle, DFT can only supply 15000 electric vehicles even if it is produced at full capacity. It can also be inferred that the company is likely to launch a new lithium battery production line this year. In 2013, the company's lithium battery production was only less than 10million ah. From the perspective of the hot demand of downstream manufacturers, the lithium battery product performance of DFT, for example, will turn losses into profits this year. If the company expands its production this year, lithium batteries are expected to see explosive growth next year

since the beginning of this year, new energy vehicles have continued to benefit. The subsidy policies of various regions are gradually improved, the construction of charging piles and other infrastructure is accelerated, and the major automobile enterprises are also accelerating the introduction of new products. The industry boom has driven the rapid growth of the entire lithium battery industry chain. As the world's largest supplier of lithium hexafluorophosphate, with the outbreak of the new energy automobile industry, the company's lithium hexafluorophosphate business will usher in a doubling opportunity

by the end of 2013, the company had a capacity of 2200 tons of lithium hexafluorophosphate. With the completion of the transformation of the company's 200 ton old production line, the company's production capacity of this product will reach 3000 tons this year. Major electrolyte manufacturers in China, such as BYD, Shanshan, Beihua and xinzhoubang, are the company's main customers. As the first enterprise to realize the industrialization of lithium hexafluorophosphate in China, the technology and comprehensive cost level of the company are at the forefront of the market. The quality of the company's products is equivalent to that of Japanese enterprises. It has not only successfully replaced imports, but also entered the Japanese and Korean markets last year. It is expected that domestic lithium hexafluorophosphate will gradually replace Japanese and Korean products at home and abroad. It will become one of the biggest beneficiaries in the future development of the industry

to sum up, with the global popularity of electric vehicles, the amount of batteries and lithium hexafluorophosphate specially designed for injection molding and extrusion utilization in the medical and food industries will increase significantly. Their contribution to the company's performance will burst out this year, and the turning point for the improvement of the performance of polyfluoropoly is imminent

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