Cangzhou Mingzhu(SZ:002108)2022-12-06 10:46Group 1: Production and Sales Performance - The wet-process diaphragm project commenced production in January 2016, with sales exceeding 5 million square meters in the first half of the year [3] - The annual production and sales target for wet-process diaphragms is estimated at 25 million square meters [4] - The dry-process diaphragm production in the first half of the year was approximately 50 million square meters, with sales around 60 million square meters [7] Group 2: Profitability and Pricing - The current gross margin for wet-process diaphragms is approximately 40% [5] - The selling price for wet-process diaphragms is around 4-5 RMB per square meter, while the price for dry-process diaphragms is about 3.5-4 RMB per square meter [5] - Imported diaphragms are priced 10%-20% higher than domestic ones [8] Group 3: Market Dynamics and Future Outlook - The market for high-end diaphragms is currently tight in terms of supply and demand [7] - The company anticipates that the gross margin for wet-process diaphragms may decline due to increased market competition and cost pressures from battery manufacturers [5] - The company is optimistic about exceeding the annual production target of 65 million square meters for dry-process diaphragms due to improved production efficiency [7] Group 4: Technological and Strategic Collaborations - The company collaborates with major battery manufacturers like AVIC Lithium Battery to access advanced technologies and new processes [7] - The wet-process diaphragm project is expected to commence production by the end of 2016 or early 2017 [6] - The company has been actively seeking suitable acquisition targets that possess market or technological advantages [9]