Jinfu Technology(SZ:300128)2022-12-20 10:26Group 1: Company Overview - Suzhou Jinfu Technology Co., Ltd. is involved in the production of aerogel thermal insulation products for power batteries, primarily supplying to major battery manufacturers like CATL [1][2]. - The company’s subsidiary, Xiamen Lifu, has been engaged in the aerogel business since 2015, initially focusing on thermal pads for laptops before transitioning to power battery applications in 2016 [2]. Group 2: Financial Performance - As of the first half of 2022, Xiamen Lifu achieved a revenue of 178 million CNY, representing a year-on-year growth of 75.95% [2]. Group 3: Market Position and Clients - Xiamen Lifu is a key supplier of aerogel thermal insulation products to CATL and is expanding its client base to include companies like BYD, FAW-Volkswagen, and XPeng Motors [2][3]. - The company is actively exploring new applications for aerogel materials in various commercial fields [3]. Group 4: Technological Advantages - Xiamen Lifu holds multiple patents related to aerogel material packaging, addressing the technical issue of material powdering, which enhances the usability of aerogel in power batteries [3]. - The company is advancing automation in the manufacturing of aerogel products and maintains stable long-term partnerships with upstream raw material suppliers [3]. Group 5: Future Projects - The company is working on a graphene heat dissipation film project, aiming for an annual production capacity of 4 million square meters upon completion [3]. - Initial product testing for the graphene film has shown promising results, with ongoing communications with electric vehicle battery manufacturers for sample testing [4]. Group 6: Financing and Regulatory Status - The company submitted its application for a specific stock issuance to the Shenzhen Stock Exchange on November 28, 2022, to fulfill regulatory requirements [4].