ENERGY TECHNOLOGY(SZ:002812)2022-11-21 15:40Financial Performance - The total revenue for Q3 2021 reached 1.975 billion CNY, representing a year-on-year increase of 73.11% [2] - The net profit attributable to shareholders was 700 million CNY, with a year-on-year growth of 117.48% [2] - Total assets at the end of Q3 amounted to 23.522 billion CNY, with a debt-to-asset ratio of 42.6% [2] Production and Capacity - The lithium battery separator shipment volume for Q3 was approximately 800 million square meters, with monthly shipments increasing by 1,000-2,000 square meters [2] - The company plans to expand its production capacity to 4.5-5 billion square meters by the end of 2021, with 60 new production lines established [2][3] - By 2022, the production capacity is expected to reach 7 billion square meters, with delivery capabilities of 4.5-5 billion square meters [3] Market Demand and Supply - The demand for separators is expected to strengthen in the coming year, leading to a tight supply situation [2] - The company is facing significant delivery pressure but has measures in place to ensure targets are met, including equipment upgrades and capacity optimization [2][3] Equipment and Technology - The company is collaborating with Japanese Steel Works to enhance equipment delivery capabilities and is also exploring self-developed equipment as a long-term strategy [3][5] - Continuous technological improvements and equipment upgrades are aimed at increasing production efficiency and reducing costs [5] Pricing and Cost Management - The company has implemented price adjustments for some clients, although the overall impact on product pricing is limited [4][6] - Rising raw material costs have been partially absorbed through scale production and technological improvements, maintaining a stable gross margin [4][5] Future Outlook - The company aims to maintain a competitive edge through ongoing investment in R&D and cost control measures [5] - Plans for a joint venture in Jiangxi for dry separators are underway, with expectations for product launch next year [7]