GEM(SZ:002340)2022-12-08 08:51Group 1: Company Overview and Activities - Greenmei Co., Ltd. is involved in the recycling of waste batteries, electronic waste, and scrap vehicles, with a focus on resource recovery and sustainable practices [2][3][4]. - The company has established multiple recycling plants across China, including locations in Wuhan, Jingmen, and Jiangxi [3][4]. - Greenmei's core business includes battery materials, electronic waste dismantling, and scrap vehicle processing [6][7]. Group 2: Market Trends and Opportunities - The market for battery materials is expected to grow significantly, with projections indicating that by 2020, over 5 million electric vehicles will require charging infrastructure [4]. - The demand for battery materials is anticipated to increase, with positive trends in the use of lithium-ion batteries for consumer electronics and electric vehicles [4][5]. - The company aims to expand its production capacity for battery materials to meet the expected surge in demand, particularly for ternary materials [7][8]. Group 3: Competitive Advantages - Greenmei has developed a complete industrial chain for battery materials, with a production capacity of 15,000 tons for battery material precursors [4][5]. - The company holds a 30% market share in cobalt oxide and has established partnerships with major players like Samsung SDI to enhance its market presence [5][6]. - Advanced technology and a robust recycling network provide Greenmei with a competitive edge in the industry, ensuring a stable supply of raw materials [8][9]. Group 4: Strategic Collaborations - Greenmei collaborates with BYD on energy storage projects, leveraging each other's strengths in battery technology and recycling [5][6]. - The partnership focuses on optimizing energy costs through the use of energy storage systems, which can significantly reduce operational expenses for industrial clients [6][7]. Group 5: Future Plans and Risk Management - The company plans to expand its electronic waste processing capabilities and enhance its recycling operations in western and northern China [6][7]. - Greenmei is also exploring the development of a comprehensive online and offline recycling system to improve waste collection and processing efficiency [9][10]. - To mitigate risks associated with fluctuating metal prices, Greenmei employs hedging strategies and focuses on increasing the value-added processes in its operations [9].