尚太科技：拟发行可转债募资17.34亿元 回复深交所关于产能和事故问询

Core Viewpoint - The company plans to issue convertible bonds to raise up to 1.734 billion yuan for a project aimed at producing 200,000 tons of lithium battery anode materials annually, amidst a competitive market environment [1][2] Group 1: Company Financials and Growth - The company reported a revenue of 5.229 billion yuan and a net profit of 838 million yuan for 2024 [1] - The shipment volume of anode materials is expected to reach 216,500 tons in 2024, representing a year-on-year growth of 54% [1] - The average product price has decreased from 39,200 yuan per ton in 2022 to 21,700 yuan per ton in 2024 due to increased competition [1] Group 2: Production Capacity and Market Demand - The company’s expansion aligns with the capacity planning of downstream lithium battery manufacturers, with a projected global lithium battery shipment of 1,545.1 GWh in 2024, leading to an additional demand of approximately 1.53 million tons for anode materials [2] - The company anticipates a production capacity utilization rate of 127.35% for anode materials in 2024, supported by sufficient orders [2] - New products are focused on high-end demands such as fast charging and energy storage, effectively avoiding homogenization in competition [2] Group 3: Safety and Regulatory Issues - The company reported two safety incidents in October 2023 and November 2024, resulting in casualties and administrative penalties, but these incidents were not classified as major violations [2]