Cangzhou Mingzhu(SZ:002108)2022-12-07 09:34Production and Technology - The company currently does not produce wet-process membranes [2] - Wet-process membranes are expected to be produced in 2016 [2] - The dry-process production is staged, while the wet-process has stricter requirements but greater capacity potential [3] - The market for wet-process membranes is broader than for dry-process membranes, targeting high-end customers [3] Sales and Financials - The gross margin for membrane products was 64% in 2014, with future prices expected to decline [4] - In Q1 2015, sales of lithium-ion battery membranes were approximately 750 million square meters, up from less than 500 million square meters in Q1 2014 [4] - The company experienced a 6% increase in pipe sales compared to the same period last year [4] - Approximately 50% of the company's sales volume comes from BYD [5] Workforce and Production Capacity - The current workforce for lithium battery membrane production is about 150 people [3] - Investment for a dry-process line is approximately 50 million yuan, while a wet-process line costs about 150 million yuan, with wet-process capacity being 2-3 times that of dry-process [5] Future Plans and Market Position - The company plans to continue developing all three main product lines, with membranes expected to grow faster than pipe and BOPA film products [4] - The company is open to future construction of new lithium-ion battery membrane production lines [5] - The company does not currently plan to issue new shares but has various financing options available [5] - The company is considering mergers and acquisitions to leverage synergies and create new profit growth points [6]