The aluminum plastic film project for lithium battery core received a subsidy of 37.8 million yuan from the central government

On November 28, Shenzhen Xinlun Technology Co., Ltd.(hereinafter referred to as "the company") issued an announcement. The company's wholly-owned subsidiary, Xinlun Composite Materials Technology(Changzhou) Co., Ltd.(hereinafter referred to as "Xinlun Composite Materials"), "Lithium battery core high-performance packaging materials project" is included in the investment support category of the national central budget for technology renovation in 2017. The company's "lithium battery core for high-performance packaging materials project" will receive 37.8 million yuan in the central budget financial support.

As an important part of the transformation of the new material business, the company obtained relevant technologies through overseas mergers and acquisitions. In early 2017, the company launched the first phase of the "High-Performance Packaging Materials Project for lithium battery Core" within the company's Changzhou Functional Materials Industry Base. We will build an aluminum composite film production line for new energy soft lithium batteries. Aluminum plastic composite film is the key material for soft package lithium battery core packaging. The technical barriers are high. China mainly relies on imports. The market is basically monopolized by Japanese-owned enterprises and is the only domestic lithium battery material that has no domestic production. After the company's "lithium battery core for high-performance packaging materials project" put into operation, it will break the monopoly of foreign countries and fill the gap in the domestic industrial chain.

At present, the first phase of the "lithium battery core high-performance packaging materials project" has been completed. The installation of equipment is in intensive progress. Considering the need for new orders, the company has ordered an additional high-end tape line from Japan. It is scheduled to be put into production in April next year.; There are also plans to add two more strips of tape, which are expected to go into production by the end of next year. It is expected that the benefits of the Changzhou Phase I project in 2018 will still increase significantly. First, due to the large-scale supply of important customers such as Apple starting from the second half of 2017, especially the fourth quarter, and the supply will continue in 2018; The second is due to the input of the new production line in 2018.

It is understood that from January to September 2017, the company achieved revenue of 1.446 billion yuan, an increase of 50.8 % year-on-year; The net profit of shareholders belonging to listed companies was 122 million yuan, a year-on-year increase of 136.98 %. In a single quarter, Q3 achieved operating income of 543 million yuan, a year-on-year increase of 39.31 %; The net profit of shareholders belonging to listed companies was 48 million yuan, a year-on-year increase of 395.24 %. Looking forward to the entire year, the company predicts that the net profit range of shareholders belonging to listed companies in 2017 will be 1.70 to 195 million yuan, an increase of 239 % to 289 % year-on-year.

The company has entered the new energy lithium battery plastic film material business for more than a year, and has trained a group of professionals in R&D, production, manufacturing and management. It has mastered the core key technologies and production management experience of the products, and the market customer base has expanded rapidly. The aluminum-plastic composite film business for lithium batteries has broad prospects in the domestic market. At present, the company's monthly sales volume has exceeded 1.3 million square meters, 70% of customers are power battery customers, and the products have been used in batches for Funeng Technology, Jiewei Power, Weihong Power, Leading soft-package lithium battery manufacturers such as polyfluoride and new energy are expected to have sales of more than 300 million yuan in aluminum-plastic composite film in 2017. In terms of functional materials, the company's self-developed ultra-thin thermal tape, conductive tape, PI tape, 3D protective film and other products have been used in this year's iPhoneX, OPPOR11, VIVOX20 and other well-known domestic and foreign mobile phone products, the company's future More branded consumer electronics products are being promoted.

In an interview earlier, the company's head said that the growth of soft-pack batteries is expected to be very fast and will become an increasing number of new energy vehicles, thus driving the expansion of the aluminum plastic film market. By 2020, the company estimates that the monthly demand for aluminum plastic film in the power field is more than 10 million square meters.

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