CAPCHEM(SZ:300037)2022-12-04 10:30Company Overview - Shenzhen Xinzhoubang Technology Co., Ltd. was founded in 1996 and is a national high-tech enterprise listed on the Growth Enterprise Market with stock code 300037 [2][3] - The company has a registered capital of 380 million RMB and net assets of 2.4 billion RMB as of December 31, 2017 [2][3] - The company employs over 1,600 people and has undergone three development phases: startup (1996-2002), rapid growth (2003-2010), and global expansion (2011-present) [2][3] Business Segments - The main business segments include lithium battery chemicals, organic fluorine chemicals, capacitor chemicals, and semiconductor chemicals [3][4] - Lithium battery chemicals consist of lithium-ion battery electrolytes, additives, and new lithium salts; capacitor chemicals include aluminum electrolytic capacitor chemicals, solid polymer capacitor chemicals, and supercapacitor chemicals; organic fluorine chemicals cover fluorinated pharmaceutical intermediates, fluorinated pesticide intermediates, and fluorinated electronic chemicals [3][4] Market Position - The company holds a leading global market share in capacitor chemicals, lithium-ion battery electrolytes, and organic fluorine chemicals due to continuous R&D investment and efficient customer service [3][4] - In 2017, the capacitor chemicals segment experienced rapid growth, driven by increased industry concentration due to environmental regulations and rising consumer brand awareness [4][5] Production Capacity and Utilization - The production capacity utilization rate for capacitor chemicals is approximately 80%, which is expected to meet future market growth needs [4] - The company is the largest global supplier of supercapacitor electrolytes, with a market share exceeding 50% [4] Financial Performance and Projections - The company anticipates a slowdown in growth for capacitor chemicals in 2018 compared to 2017, but the overall growth trend remains clear [4] - The acquisition of BASF's electrolyte business was completed on September 30, 2017, with production capacity expected to reach 5,000 tons in 2018 [4][5] Strategic Initiatives - The company emphasizes quality growth over quantity, focusing on technological advancements to provide long-term value to customers [5] - Strategic investment in Fujian Yongjing Technology, a well-known hydrogen fluoride producer, aligns with the company's long-term goals in high-end fluorinated fine chemicals [5]