Senior(SZ:300568)2022-12-06 07:26Production Capacity - The company's dry method production capacity in 2016 was 130 million square meters, and the wet method capacity was 26 million square meters [3] - The new dry production line at the Shenzhen headquarters has an annual capacity of 50 million square meters and is currently operational [3] - The company plans to add two wet production lines in Hefei, each with a design capacity of 40 million square meters [3] - The total production capacity, including both dry and wet methods, is expected to reach 700-800 million square meters after the completion of Hefei and Changzhou bases [3] Market Trends - The price of lithium battery separators is expected to decline, with the cost share of separators in battery production dropping from 20-30% to around 10% [3] - The decrease in separator prices is attributed to increased production capacity and technological advancements, although the rate of price decline will slow down [3] Equipment and Technology - The company primarily imports equipment from Germany due to its higher precision and customizes it based on its own technological advantages [4] - The depreciation of dry method equipment accounts for a larger proportion of product costs compared to wet method equipment, with manufacturing costs making up about 30% of total costs [4] Clientele and Supply - Major clients include LG Chem, BYD, Wanxiang, and others, with both dry and wet method clients being similar [5] - The Hefei base prioritizes supplying separators to Hefei Guoxuan, with prices negotiated based on market rates to ensure fairness [5] Raw Material Impact - The main raw materials are polypropylene (PP) and polyethylene (PE), which are petroleum derivatives; however, their price fluctuations have a minimal impact on overall product costs [5]