Our reporter Zhang Xiaoyu
On June 21, Cangzhou Pearl announced that the company planned to invest in the construction of 1.2 billion square meters wet lithium battery diaphragm project in Cangzhou High tech Zone, with a total investment of 3.5 billion yuan. It mainly invested in the construction of 8 wet lithium ion battery diaphragm production lines and related supporting facilities for the production of wet lithium ion battery diaphragm products.
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For the purpose of this investment, Cangzhou Mingzhu said that it is mainly to expand the capacity of the company's wet lithium-ion battery diaphragm products and further improve the scale effect and market share of the company's lithium-ion battery diaphragm products.
The announcement shows that the project will be constructed in two phases, with an investment of 1.7 billion yuan in the first phase, an annual output of 600 million square meters of wet lithium membrane in the first phase, and four lithium membrane production lines and related supporting facilities. The fund company of the project solves the problem through self owned funds and self raised funds.
Cangzhou Mingzhu said that at present, the company's annual capacity of wet lithium-ion battery separator is 590 million square meters (including 400 million square meters of capacity under construction). After the project is completed and put into production, the company's annual capacity of wet lithium-ion battery separator is 1.79 billion square meters.
As a green and environment-friendly secondary battery, the application field of lithium battery has expanded from the earliest small consumer electronics to new energy applications such as power and energy storage systems. In recent years, with the continuous popularization and application of consumer electronic products (mainly including mobile phones, laptops, tablets, mobile power supplies, photographic equipment, wearable devices, etc.), and the explosive growth of applications in power and energy storage systems such as new energy vehicles, electric two wheeled vehicles, electric ships, electric forklifts, the lithium battery diaphragm market in China has grown rapidly.
According to the White Paper on the Development of China's Lithium Ion Battery Diaphragm Industry (2023), in 2022, the shipment volume of China's lithium-ion battery diaphragm will increase by 65.30% year on year, reaching 13.32 billion square meters, of which the shipment volume of wet diaphragm will exceed 10 billion square meters, reaching 10.48 billion square meters, and the shipment volume of dry diaphragm will reach 2.84 billion square meters.
According to EVTank's prediction, in 2030, the global production of new energy vehicles will reach 52 million units, and the global lithium battery capacity will reach 6200Gwh. At that time, the required diaphragm will be 104 billion square meters, of which 92.620 billion square meters will be produced in China, nearly seven times that of 2022.
Hu Qimu, a special researcher of the China Enterprise Confederation, said in an interview with the Securities Daily: "The rapid expansion of the installed capacity of lithium batteries has brought about a huge demand for lithium battery separators, and there is huge room for growth. In 2022, the shipment of lithium battery separators in China will reach 12.4 billion square meters, an increase of 59% over the same period. The purpose of the company's investment in the wet lithium diaphragm project is to seize the opportunity of expansion in the energy storage industry and achieve sustained growth in performance. Since downstream power and digital lithium batteries have high requirements for energy density, and the wet diaphragm is thinner, which has an advantage in improving the energy density of lithium batteries, China's lithium battery diaphragm market is still dominated by wet diaphragm, accounting for 75% of the market in 2022. The company's investment in the wet diaphragm project is also a decision made according to the market demand structure, and is optimistic about the demand potential of the power and electronic markets. "
In addition to the disclosure of the investment announcement, Cangzhou Pearl released the 2023 restricted stock incentive plan (draft) on the same day, and planned to grant about 24.0996 million restricted shares of the company to incentive objects. The total number of incentive objects granted by this incentive plan for the first time is 210, including qualified senior managers of the company, middle managers of the company (including subsidiaries) and core technical (business) personnel.
The performance assessment objective of incentive plan is to take the assessment net profit in 2022 as the base, and the assessment net profit growth rate shall not be less than 20%, 50% and 100% respectively in the three years from 2023 to 2025. The "assessment net profit" calculated according to the audited financial statements in 2022 is 188 million yuan.
According to the company's annual report, Cangzhou Pearl will achieve an operating income of 2.835 billion yuan in 2022 and a net profit of 281 million yuan attributable to shareholders of the listed company.
Wu Wanying, senior researcher of Tianyi Digital Economy Think Tank, is accepting the Securities Daily The reporter said: "This Cangzhou Pearl Equity Incentive Plan, on the one hand, demonstrates the recognition of shareholders for the future development and profit potential of the company, on the other hand, is conducive to improving the management system, binding the interests of employees, stimulating their creativity and investment, and is conducive to the development and business development of the company."
At the same time, because the company plans to implement a unified equity incentive, Cangzhou Mingzhu decided to terminate the employee shareholding of Diaphragm Technology, and signed the Equity Transfer Agreement with relevant shareholders in Cangzhou on the same day. The company purchased Cangzhou Mingzhu Diaphragm Technology Co., Ltd. (hereinafter referred to as "Diaphragm Technology"), a holding subsidiary held by minority shareholders, with its own monetary capital of 43.6359 million yuan 18.89 million yuan, accounting for 3.0147% of the registered capital of Diaphragm Technology.
After the completion of this transaction, the Company's equity in Diaphragm Technology will increase from 96.9853% to 100%, and Diaphragm Technology will become a wholly-owned subsidiary of the Company. Cangzhou Mingzhu said that Diaphragm Technology will become a wholly-owned subsidiary of the company, which will help improve decision-making efficiency and meet the needs of the company's production, operation and development.
(Editor Bai Baoyu)
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