Another lithium battery company IPO listed -Lithium - Ion Battery Equipment

Another lithium battery company IPO listed -Lithium - Ion Battery Equipment

On November 25th, Jiangsu Ruitai New Energy Materials Co., Ltd. (hereinafter referred to as "Ruitai New Materials"), the first application was approved by the GEM Listing Committee, and will be listed on the Shenzhen Stock Exchange's GEM.

According to the data, Jiangsu Guotai currently has a dual main business structure and is mainly engaged in the consumer goods supply chain and new chemical materials business. The main business of the proposed spin-off subsidiary Ruitai New Materials is the research and development, production and sales of new chemical materials such as lithium-ion battery materials and silane coupling agents.

According to statistics, global electrolyte shipments will reach 334,000 tons in 2020, of which Tinci Materials, Xinzhoubang, Ruitai New Materials and Mitsubishi Chemical occupy the top four in the industry, followed by Shanshan and Ube Industries.(Lithium - Ion Battery Equipment)

Among them, Ruitai's lithium-ion battery electrolyte shipments have ranked among the top three in China in the past three years. It is expected that in the future, with the production expansion of subsidiaries Ningde Huarong and Poland Huarong, the company's overall output will continue to increase, the product structure will continue to be optimized, and the company's industry position will be further consolidated.

According to the conference draft of Ruitai New Materials, the company plans to raise 1.2 billion yuan in this IpO. After deducting related expenses, it will invest in the new prusice lithium-ion power electrolyte project with an annual output of 40,000 tons/year in Poland Huarong, Ningde Huarong New Materials Co., Ltd. has an annual output of 80,000 tons of new materials, a new laboratory building and an upgrade of existing environmental protection facilities, Huarong Chemical's intelligent transformation project and supplementary working capital.

In addition to the IPO fundraising project, Ruitai New Materials and Skyline Co., Ltd. subsidiary Xintai Materials also announced in August this year that they would jointly invest 1 billion yuan to establish a new company in Changshu New Materials Industrial Park, Jiangsu Province, with an annual output of 30,000 tons of lithium hexafluorophosphate. And production and sales projects of lithium fluoride, calcium chloride and other lithium salt materials. The estimated total investment of the project is 3 billion yuan, and the planned total land area is about 203 mu.

In terms of performance, from 2018 to January to September 2021, Ruitai New Materials achieved revenue of 1.295 billion yuan, 1.657 billion yuan, 1.815 billion yuan and 3.166 billion yuan respectively, and the net profit attributable to the parent was 90 million yuan and 177 million yuan respectively. yuan, 257 million yuan and 423 million yuan.

Ruitai New Materials expects to achieve operating income of 4.6 billion yuan to 5.1 billion yuan in 2021, a year-on-year increase of 153.44%-180.98%; net profit attributable to the parent company of 546 million yuan to 604 million yuan, a year-on-year increase of 112.20%-134.74%.

Ruitai New Materials expects that the company's operating income will increase at a relatively high rate in 2021. The main reasons include: (1) Under the background of the continuous introduction of relevant favorable policies and the continued prosperity of downstream market demand, the company's important products such as lithium-ion battery electrolyte are expected to be sold. The situation is good, and with the improvement of the supply and demand relationship, the price of important upstream raw materials has risen, and the unit sales price is in a stage of further rise;

(2) The company's new production capacity has gradually reached production capacity, and the supply capacity has been significantly improved. At the same time, important downstream customers such as LG Chem, CATL, etc. have renewed cooperation agreements with the company. The company has a good sales performance for these customers in the third quarter of 2021, and it is expected that this good momentum will continue; (3) With the development of lithium ion The overall development of the battery industry chain is improving, and the cooperation between important customers and companies of additives is further deepened.



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