Xiang Fenghua GEM IPO success passed, proposed to raise funds of 500 million yuan, deducting the issuance of 30,000 tons of high-end graphite negative material production base construction project after deducting the issuance fee. According to Xiangfeng Hua’s planning, the company will form an annual production capacity of 60,000 tons of lithium-ion batteries in the next three years..
On July 29th, the GEM Listing Committee held the 9th considered meeting in 2020, the audit results show that Shenzhen Xiang Fenghua Technology Co., Ltd. (hereinafter referred to as “Xiang Fenghua”) in line with the issue Condition, listing conditions and information disclosure requirements.
It is reported that this is the 121st company this year (uncoated book). : Xiangfeng Hua official website shows that Xiang Fenghua was established on June 12, 2009, and important products were divided into two major categories of natural graphite and artificial graphite. The products were applied to the power (electric vehicles, such as new energy vehicles, electric motors.
Bicycle, etc.), 3C consumer electronics and industrial energy storage, other lithium-ion battery fields. Xiangfeng Hua this proposed no more than 25 million shares, accounting for no less than 25% of total share capital after the issuance.
The sponsoring institutions issued for this issue is the use of the Wanhongyuan underwriting, auditing agency is the public accounting firm (special ordinary partnership). According to the prospectus, Xiangfeng Hua intends to raise funds of 500 million yuan, deducting the issuance of 30,000 tons of high-end graphite negative material production base construction project after deducting the issuance fee..
According to Xiangfeng Hua’s planning, in the next three years, the company will focus on new energy, new materials, research and development of new products, and conscientiously implement the fundraising project according to the plan, realize high-end intelligent manufacturing, expanding production scale, tight Close to seize the rapid development opportunities of the industry, form an annual production capacity of 60,000 tons of lithium-ion batteries. In terms of financial data, it is benefited from the continued rise in the new energy vehicle industry. During the reporting period of 2017 to 2019, Xiang Fenghua’s business income, net profit remained rising.
. In 2019, Xiangfenghua’s business income is 6455.288 million yuan, up 7.
67% year-on-year, and the gross profit margin is basically flat, gross profit 14,2046,100 yuan, a year-on-year increase of 93.682 million yuan..
Affected by the epidemic, the first half of 2019 is highly affected by the “grab” market, Xiang Fenghua realized sales revenue 21,07.745 million yuan, down 32.58% year-on-year, deducting the net profit after non-regular profit and loss 2,58.
34 million yuan, a year-on-year decline in 29.56%. In terms of comprehensive gross profit margins, Xiang Fenghua 2017, 2018 and 2019, the company’s comprehensive gross profit margin is 30.
40%, 22.13%, and 22.00%, respectively.
. In the first half of 2020, the price of raw materials, graphitization processing prices, and primary graphite raw materials procurement price decline, with coke raw materials fell more than 50%, resulting in the first half of the year, the same period increases from the same period of the previous year 4.19 percentage points; natural graphite gross profit margin increased by 6.
82 percentage points; the main business gross profit margin is 29.22%, which has increased by 7.25 percentage points from the previous year.
. In terms of research and development, Xiangfenghua has 47 patents, including 38 invention patents, 9 utility model patents, and more than 60 invention patent applications are under review..
In the past three years, the company’s R & D expenses takes about 4%, and the R & D costs are 1,6317,300 yuan, 2,0697 million yuan and 2,692.97 million yuan..
In terms of important customers, the battery network notices that as of 2020, Xiang Fenghua has become a qualified supplier of four (LG chemistry, CATL, BYD, Samsung SDI) in the world’s top five powerful lithium-producers, and 2019 In the top ten power lithium-electric manufacturers in China, in addition to BYD, CATL, Xiang Fenghua also established business partnerships with Guoxuan’s high-tech, Yixi Lithium, Fu Can Technology. In the first half of 2020, Xiang Fenghua’s largest customer of LG is 45.76%, and the second largest customer accounts for 35.
58%, and the third largest customer accounts for 7.42%, and the customer structure continues to optimize..
From January to June 2020, Xiangfenghua natural graphite sales revenue increased to 54.41%. Natural Graphite Sales Income Add Important Table November 2019, Xiangfeng China will supply natural graphite to LG chemical batch.
LG chemical dynamic lithium-ion battery production base is important with South Korea Wu Cang, Michigan, USA, Nanjing, Poland, and Four Bases, Total Yield is about 110GWH. my country Nanjing Factory (2) Planning 35GWH Important For my country Market and TSLA (Shanghai). In the first half of 2020, it benefited from LG chemical orders significantly.
Xiangfenghua natural graphite shipments have increased significantly, making the overall sales quantity of Xiang Fenghua in the first half of the year reached 6,762 tons, which is basically flat year.. In June, the shipments of June have risen by 1.
7 times, and the production and operation has been fully recovered. With the further recovery of the new energy automotive industry in the second half, Xiang Fenghua business situation will further improve. In addition, in April 2020, Xiang Fenghua officially became a supplier of Samsung SDI, from June 2020, Samsung SDI began small-scale purchasing company products for test production or debugging, is expected to purchase from December 2020.
At the same time, Xiangfeng Hua is still actively exposing other Japanese and Korean well-known lithium-name lithium-names, and preparing for further opening Japan and South Korea markets.