Wanshun New Material(SZ:300057)2023-03-03 09:08Group 1: Company Overview - Wanshun New Materials focuses on the new materials industry, primarily engaged in aluminum foil, functional films, and paper packaging materials, ranking 91st among the top 500 manufacturing enterprises in Guangdong Province in 2022 [2] - The company is a leading player in its niche market with strong competitive advantages [2] Group 2: Aluminum Processing Business - The aluminum processing segment is the largest contributor to the company's performance, with a complete industrial chain from aluminum plate strips to aluminum foil and carbon-coated foil [2] - Current aluminum foil production capacity includes 83,000 tons from Jiangsu Zhongji and 72,000 tons from Anhui Zhongji, with additional projects expected to increase total capacity to 255,000 tons by 2024 [2][3] Group 3: Battery Aluminum Foil Market Expansion - The battery aluminum foil market is expanding steadily, with a minimum supply agreement of 320,000 tons signed with CATL for 2023-2026 [3] - The company has established stable partnerships with several leading battery manufacturers, leveraging brand influence and technical reserves [3][4] Group 4: High-Barrier Film Project - The high-barrier film production base has begun to release capacity, with products applied in photovoltaic, packaging, and quantum dot display fields [3] - The company has developed recyclable single-material (PP) and heat-resistant transparent high-barrier films to meet global green development trends [3] Group 5: Quality Development Initiatives - The company has proactively upgraded its product structure, developing aluminum foil products for new energy batteries and establishing a dedicated production base [4] - Ongoing projects include a 32,000-ton phase II and a 100,000-ton phase III battery aluminum foil project to support high-quality development [4]