中科电气：拟80亿投阿曼项目，延缓摩洛哥项目建设

Core Viewpoint - Zhongke Electric is accelerating its internationalization strategy by planning to invest 8 billion in an integrated lithium-ion battery anode material project in Oman, with an annual production capacity of 200,000 tons [1] Investment and Project Details - The project will be established through a wholly-owned subsidiary in Hong Kong and will be divided into two phases, each with a capacity of 100,000 tons per year, with a construction period of 36 months [1] - The first phase will lease land in the Sohar Free Trade Zone, covering an area of 356,000 square meters [1] - The investment requires approval from the company's shareholders and relevant government departments [1] Comparison with Other Projects - To facilitate overseas investment, Zhongke Electric has postponed the construction of a 100,000-ton anode material project in Morocco, which has a planned investment of no more than 5 billion [1] - The Oman project has a larger investment scale and design capacity compared to the Morocco project [1] Market Position and Performance - As a leading anode material manufacturer, Zhongke Electric has entered the supply chains of several domestic and international battery manufacturers, with a projected anode material shipment volume ranking third in the industry in 2024 [1] - The company has experienced growth in anode material shipments, but faces increased competition and price declines due to overcapacity in the industry [1] - In 2024, Zhongke Electric is expected to release capacity and capture incremental market opportunities, with projected revenue of 5.581 billion, a year-on-year increase of 13.72%, and a net profit of 303 million, a year-on-year increase of 626.56% [1] International Market Development - The overseas market is a key focus for leading anode material manufacturers due to rapid demand growth and high margins [1] - In 2024, Zhongke Electric has secured contracts with overseas automotive companies and is developing international clients, with overseas business revenue projected at 124 million, accounting for 2.22% of total revenue [1] Technological Advancements - Zhongke Electric is proactively developing new technologies, including silicon-carbon anodes and lithium metal anodes, with a pilot production line for silicon-carbon anodes already established [1] - Products are currently undergoing customer evaluation and platform development [1]