Cangzhou Mingzhu(SZ:002108)2022-12-08 05:30Group 1: Customer and Market Insights - The main customer for the company's separator products is BYD, accounting for over 50% of purchases [3] - The company collaborates with major domestic battery manufacturers [3] - The company has not yet supplied products to Tianjin Lishen, which primarily uses wet-process separators [3] Group 2: Production Capacity and Output - Current separator production capacity is 20 million square meters [3] - The estimated production for the current year is 25 million square meters, with approximately 12 million square meters produced in the first half of the year [5] - Production output in 2012 was about 7 million square meters, and in 2013 it was around 14 million square meters [5] Group 3: Product Technology and Quality - The company has mastered the technology for separator production, but the key challenge lies in controlling the production process to ensure high quality and consistency [4] - The current yield rate for separator products is over 40%, with the maximum achievable yield for dry-process being over 50% [4] - All raw materials for separator products are imported [5] Group 4: Market Trends and Pricing - Future pricing for separator products is expected to decline as domestic production replaces imports [4] - The price of separators has not fluctuated significantly in recent years [4] - The market share for BOPA films is over 20%, with major customers being printing companies [6]