summary: Copper Crown Copper Foil stated that in 2021, benefiting from the rapid development of the downstream new energy industry and the overall recovery of the electronic information industry, downstream market demand continues to recover, and copper foil processing fees have steadily rebounded. The company produced 41,006 tons of copper foil throughout the year, a year-on-year increase of 14.91%; the company sold 41,064 tons of copper foil throughout the year, a year-on-year increase of 16.04%.
Picture/Copper Crown Copper Foil
html On the evening of April 19, Tongling Nonferrous Metal (000630) disclosed its 2021 annual report. In 2021, the company achieved operating income of 131.034 billion yuan, a year-on-year increase of 31.77%; the net profit attributable to shareholders of listed companies was 3.101 billion yuan, A year-on-year increase of 258.29%.
Tongling Nonferrous's main accounting data unit in 2021: Yuan
Tongling Nonferrous said that since 2021, the prices of the company's main products copper cathode , sulfuric acid and other bulk commodities have shown a fluctuating upward trend. Under this good situation, the company has made overall plans Epidemic prevention and control, production and operation, reform and development, and party building have reached a new level. The company's net profit attributable to shareholders of listed companies increased by 258.29% compared with the previous period.
It is reported that in 2021, Tongling Nonferrous Metals produced 1.5969 million tons of cathode copper, accounting for 15.22% of the total domestic output, ranking domestically; the copper foil production capacity reached 45,000 tons, and the realization volume of RTF copper foil and 6 micron lithium foil for 5G communications production and is the main supplier to leading companies in the industry. In 2021, Tongguan Copper Foil's annual production capacity of 20,000 tons of ultra-thin electronic copper foil for high-precision energy storage (Phase II) project will start. After the project is completed and put into operation, the company will have an annual production capacity of 55,000 tons of various high-precision electronic copper foils. .
According to data, Tongling Nonferrous is a large-scale copper production enterprise with an entire industrial chain integrating copper mining, smelting, processing, and trade. Its main products include cathode copper, sulfuric acid, gold, silver, copper foil, copper plates, and strips. The company has profound technological accumulation, leading industry position and significant competitive advantages in the fields of copper mining, copper smelting and copper foil processing.
In terms of performance in the first quarter of 2022, Tongling Nonferrous Metals is expected to achieve a net profit of 615 million yuan in the first quarter, a year-on-year increase of 60.51%. The main reason for the performance growth is that the prices of the company’s main products, cathode copper and sulfuric acid, have increased significantly year-on-year, especially in mid-to-late March. Initially, smelting processing fees and sulfuric acid prices increased significantly.
In addition, on January 27, Tongling Nonferrous Metals officially spun off Tongguan Copper Foil (301217) to GEM for independent listing. It is mainly responsible for the research and development and sales of copper foil products. On the evening of April 19, Tongguan Copper Foil also disclosed its 2021 annual report. In 2021, the company achieved operating income of 4.082 billion yuan, a year-on-year increase of 65.92%; net profit was 368 million yuan, a year-on-year increase of 412.46%.
Copper Crown Copper Foil’s main accounting data unit in 2021: Yuan
Copper Crown Copper Foil stated that in 2021, benefiting from the rapid development of the downstream new energy industry and the overall recovery of the electronic information industry, downstream market demand continues to recover, and copper foil processing fees Steady recovery. The company produced 41,006 tons of copper foil throughout the year, a year-on-year increase of 14.91%; the company sold 41,064 tons of copper foil throughout the year, a year-on-year increase of 16.04%. The significant year-on-year increase in net profit was mainly due to the increase in processing fees for the copper foil produced by the company. In addition, in 2021, the new energy vehicle market is booming, and the growing demand for power batteries has driven up the demand for lithium battery copper foil. The company's production and sales are booming, and both volume and price are rising.
It is understood that Tongguan Copper Foil’s current total production capacity of electronic copper foil products is 45,000 tons/year, of which, PCB copper foil production capacity is 25,000 tons/year, lithium battery copper foil production capacity is 20,000 tons/year, and PCB copper foil is under construction Foil production capacity is 10,000 tons/year. The company is one of the leading companies in the domestic production of high-performance electronic copper foil products. It has cooperated with Shengyi Technology , Taiyao Technology , Taiwan Optoelectronics, Nanya New Materials, BYD , Ningde Times , Guoxuan High-tech Well-known manufacturers such as have established long-term cooperative relationships and become their long-term suppliers, gaining their recognition of the company's products and services.
According to the annual report, in 2022, Tongguan Copper Foil will continue to accelerate the construction of new projects to ensure that the second phase of Tongling Copper Foil's annual output of 20,000 tons of high-precision electronic copper foil will be put into production; it will use super-raised funds to support the development of its main business and accelerate new projects Implement the plan and continue to increase market share.
It is worth noting that on April 14, Tongguan Copper Foil also announced that in order to further expand copper foil production capacity and improve market competitiveness, the company plans to expand a 20,000-ton electronic copper foil project in Tongling . The total investment of the project is estimated to be 1.7 billion yuan, and it will be constructed in two phases. Each phase will form an electronic copper foil production capacity of 10,000 tons/year. The first phase project is planned to start construction in 2022; the specific construction plan and time of the second phase project are to be determined, and it should be no later than Construction will start later than December 2023, and the details will be subject to the project implementation plan .
![【ENG DUBBED】[Love Designer] EP1 (Starring: Dilraba | Johnny Huang) 幸福触手可及 - DayDayNews](https://i.ytimg.com/vi/JyQJbUqiyJg/hq720.jpg?sqp=-oaymwEcCNAFEJQDSFXyq4qpAw4IARUAAIhCGAFwAcABBg==&rs=AOn4CLDzlwWcP0yyvFGWoJIiswNSWV4nhA)