Cangzhou Mingzhu(SZ:002108)2022-12-04 08:44Production Capacity - Current wet diaphragm production capacity is 120 million square meters [2] - Expected wet diaphragm production capacity by the end of 2018 is 190 million square meters [3] - Current dry diaphragm production capacity is 50 million square meters, with an additional 50 million square meters expected to be operational by the end of 2018 [3] Market Trends - The price of diaphragms is expected to continue declining, impacting gross margins [3] - The gross margin for wet diaphragms in the first three quarters is approximately 30% [4] Customer Base - Major customer for dry diaphragms is BYD, accounting for slightly over 50% of sales [4] - BOPA film products are primarily supplied to color printing factories [5] Product Features - BOPA film has strong barrier properties, high-temperature resistance, and good puncture resistance, making it suitable for food preservation [5] - Approximately 50% of wet diaphragms undergo ceramic coating based on customer demand [4] Strategic Development - The company aims to strengthen its core businesses in PE pipes and BOPA films while striving for industry leadership in lithium battery diaphragms [6] - Future expansion may include related industries, with a focus on maintaining market demand driven by infrastructure development [6] Seasonal Trends - Pipe products typically experience a seasonal downturn in the first quarter due to weather conditions affecting construction [6]