Cangzhou Mingzhu(SZ:002108)2022-12-06 09:54Production Capacity - Current production capacity for dry film is 50 million square meters, and for wet film is 25 million square meters [2] - The wet film project with an annual capacity of 105 million square meters is currently under development [3] - The wet film project with an annual capacity of 60 million square meters is expected to be operational by the end of this year or early next year [3] Product Differences - Dry film is primarily used in lithium iron phosphate batteries, suitable for large batteries like electric buses and energy storage batteries, while wet film is used in ternary batteries and 3C electronic products [2][3] - The price of dry film is approximately 3.5-4 RMB per square meter, while wet film is around 5 RMB per square meter [4] Market Dynamics - The market for these products is highly competitive, with a current supply shortage in the high-end mainstream supply chain [4] - As the production capacity expands, competition is expected to intensify, leading to potential price declines in the future [4][5] - The introduction period for new products is typically 6-12 months domestically and 1-2 years for foreign manufacturers [5] Material and Equipment - The raw materials for the membranes are imported [5] - The BOPA film production capacity is 28,500 tons [6] - The main characteristics of BOPA film include high strength, temperature resistance, and excellent barrier properties [6] Financial Performance - The profitability of BOPA film products has improved significantly this year due to a decrease in raw material prices and strong market demand [6]