Cybrid(603212)2022-11-19 03:26Group 1: Company Overview - The company focuses on research and innovation, with a founding team that includes executives with nearly 20 years of experience in Japan and several Japanese technical managers currently employed [2] - The company is a leader in the photovoltaic backplane and new energy lithium battery materials sectors, emphasizing capacity scaling and lean manufacturing in recent management strategies [2] Group 2: Product Segments - Photovoltaic Backplane: In 2021, single-glass components accounted for approximately 60% of global photovoltaic installations, with demand for backplane products exceeding expectations in Q1 2022 [3] - Packaging Film Products: The price of EVA resin, a key raw material, has been rising due to global oil price increases and domestic supply chain impacts, leading to higher film prices [3] - New Energy Lithium Battery Materials: The company began R&D in late 2019, achieving product commercialization in H2 2020, with plans to promote star products to more battery pack manufacturers and automakers in 2022 [3] Group 3: Financial Performance - Q1 2022 revenue from backplanes was 530 million CNY, with a shipment volume of over 43 million square meters; packaging film revenue was 440 million CNY, with a shipment volume of 37 million square meters; non-photovoltaic revenue was approximately 130 million CNY, showing a nearly 20% quarter-on-quarter growth [3][4] Group 4: Future Outlook - The company anticipates improved logistics efficiency in May 2022 due to normalized pandemic controls and government support, with a focus on accelerating the production of new packaging film capacity and the rapid development of non-photovoltaic businesses [4]