To seize the market share of high-end electrolytic copper foil, Sayfu group plans to invest 1 billion yuan to build a project with an annual output of 15,000 tons of electrolytic copper foil.
On the evening of March 24, it was announced that Sayfu group plans to use its wholly-owned subsidiary Jiangxi Jiayuan as the main body of the project to invest in the construction of a new electrolytic copper foil project with an annual output of 15,000 tons in Jiangxi Jiayuan, mainly producing high-end electrolytic copper foil. The investment amount not more than 1 billion yuan.
On the same day, Sayfu group disclosed its 2021 annual report. Last year, the company achieved operating income of 2.804 billion yuan, a year-on-year increase of 133.26%; net profit of 550 million yuan, a year-on-year increase of 195.02%; and plans to distribute cash dividends to all shareholders for every 10 shares of 7.06 yuan (including taxi).
Added copper foil production capacity of 15,000 tons(high-end electrolytic copper foil)
Sayfu group is mainly engaged in the research, production and sales of 4.5-12μm high-performance electrolytic copper foils for lithium-ion batteries and electrolytic copper foils for PCBs. The main products are ultra-thin copper foils and ultra-thin copper foils for lithium-ion batteries and PCBs Electrolytic copper foil, the products are widely used in lithium-ion batteries, printed circuit boards and other fields.
In order to enrich the product structure, expand the product application field, and seize the market share of high-end electrolytic copper foil, Sayfu group is doing Based on the project with an annual output of 20,000 tons in Longnan City, Ganzhou City, Jiangxi Province, it is planned to use the wholly-owned subsidiary Jiangxi Jiayuan as the main body of the project to invest in the construction of Jiangxi Jiayuan Technology Co., Ltd. with an annual output of 15,000 tons of electrolytic copper foil The project mainly produces high-end electrolytic copper foil, and the source of funds is the company’s own funds or other self-raised funds.
The construction site of the project is located in Longnan City, Ganzhou City, Jiangxi Province; the investment amount of the project is not more than 1 billion yuan. Sayfu group plans to build a new main production plant on the 234-mu industrial land of the project with an annual output of 20,000 tons. A batch of production facilities such as liquid making, raw foil-surface treatment, slitting, etc. is expected to increase the production capacity of copper foil by 15,000 tons/year.
Sayfu group said that it will invest in the construction of high-end electrolytic copper foil projects to achieve the goal of optimizing the industrial layout and moderately expanding the production capacity of high-end electrolytic copper foil, further expanding the application field of copper foil and expanding the market share of high-end electrolytic copper foil, which is beneficial to the upstream and downstream industries. The close cooperation between the chain and supply chain enhances the core competitiveness of the company’s products and enables the company to occupy a more favorable position in the fierce market competition.
Make the copper foil industry bigger and stronger
It is worth noting that Sayfu group disclosed its 2021 annual report on the same day. Last year, the company achieved operating income of 2.804 billion yuan, a year-on-year increase of 133.26%; net profit was 549.96 million yuan, a year-on-year increase of 195.02%.
Sayfu group plans to distribute cash dividends of 7.06 yuan (tax included) to all shareholders for every 10 shares based on the company’s total share capital on the date of equity registration when the equity distribution is implemented, with a total of 165 million yuan in cash dividends.
Driven by the new energy automobile industry, Sayfu group’s products continue to meet technical goals such as power battery energy density improvement and lightweight, further seize industrial opportunities, accelerate the construction progress of new capacity projects, and take advantage of the trend to expand and strengthen the copper foil industry. During the reporting period, Sayfu group achieved rapid growth in production and sales by releasing new production capacity and acquiring assets to expand production capacity.
Since last year, Sayfu group has continued to consolidate the main business of the company’s copper foil and increase the development of the downstream market. At present, the company’s copper foil business has developed steadily and the customer structure has been optimized. Driven by the new energy vehicle industry, Sayfu group’s products continue to meet technical goals such as power battery energy density improvement and lightweighting, and maintain stable cooperative relations with major power battery companies such as CATL, and continuously consolidate the market in the field of lithium battery copper foil. status.
In terms of taking advantage of the trend to expand and strengthen the copper foil industry, last year Sayfu group’s first fundraising project “5000 tons/year high-performance copper foil technology transformation project for new energy power batteries” was successfully put into production and achieved the expected goal; Sayfu group will be launched in August 2021 Completed the acquisition and integration of Shandong Xinliyuan Electronic Copper Foil Technology Co., Ltd. with its own funds and changed its name to Shandong Jiayuan New Energy Materials Co., Ltd. The expected goal of acquiring assets and expanding production capacity; in December 2021, Jiayuan Technology invested and constructed a “15,000-ton high-performance copper” project in Shaping Industrial Park, Baidu Town, Meixian District, with funds raised from the initial issuance and convertible bonds. The first production line with an annual output of 5,000 tons of “Foil Project” was successfully put into trial production, and the production was stable, which improved the company’s overall production capacity and efficiency.