Wanshun New Material(SZ:300057)2024-01-25 09:34Group 1: Aluminum Processing Business - The company has established a complete aluminum processing industry chain from aluminum plates and strips to aluminum foil, extending to coated carbon foil [2] - Jiangsu Zhongji focuses on packaging aluminum foil with a current capacity of 83,000 tons, supplying well-known clients like Tetra Pak [2] - Anhui Zhongji specializes in battery aluminum foil with a total capacity of 172,000 tons, supplying leading battery companies such as CATL [2] Group 2: Production Capacity and Projects - The company is ramping up production for a high-precision electronic aluminum foil project with a capacity of 72,000 tons, which began operations in December 2023 [2] - A new project for producing 100,000 tons of power and energy storage battery foil is under construction, with major equipment installation currently underway [2] - Once fully operational, the total aluminum foil capacity of Jiangsu Zhongji and Anhui Zhongji will reach 255,000 tons [2] Group 3: Market Demand and Expansion - The market for battery aluminum foil is expected to grow due to increasing demand from electric vehicles and energy storage applications [3] - The company plans to expand its market presence in the new energy vehicle battery sector and actively explore international markets [3] - The company is also focusing on high-end packaging aluminum foil products and the application of battery aluminum foil in sodium-ion batteries [3] Group 4: Functional Film Business - The company is targeting the functional film market, with products like car protective films and automotive sunroof dimming films showing increased sales [3] - The company has developed a composite copper foil product line, including PP and PET copper films, with advanced production technology and equipment [4] - The composite copper foil project has been validated by downstream battery manufacturers, with initial orders received in June 2023 [4]