Cangzhou Mingzhu(SZ:002108)2022-12-07 08:38Production Capacity - The current production capacity is 50 million square meters [2] - A new wet-process diaphragm project with a capacity of 25 million square meters is expected to start production in early next year [3] - An additional 60 million square meters diaphragm project is anticipated to be completed by 2017 [3] Sales and Market Demand - The expected sales volume for diaphragms in 2015 is 38 million square meters [3] - More than half of the diaphragm production is supplied to BYD [3] Profitability and Market Position - The current gross margin for diaphragms remains high due to strong market demand and the domestic diaphragm products being in a phase of replacing imports [4] - The second largest customer for the company's diaphragms is relatively small compared to BYD [4] Product Development and Future Focus - Both dry-process and wet-process diaphragms have different applications, with dry-process being more suitable for large batteries and wet-process for 3C electronic products [4] - The company sees potential for growth in lithium-ion battery diaphragm products, although they currently represent a smaller proportion of total products [4] Raw Material Management - Product prices will adjust according to fluctuations in raw material prices, and the company maintains a reasonable inventory to ensure normal production needs [5]