As a leading enterprise in the domestic fluorine chemical industry, difluorodo has been committed to in-depth research on fluorine, lithium and silicon, and has carried out a series of technical development, industrialization, production and sales. Through nearly 20 years of development and innovation, the company has not only become a national technology innovation demonstration enterprise, but also an intellectual property demonstration enterprise.
Recently, DFT held an annual report exchange meeting in 2019 on the opportunity platform. At the exchange meeting, Li Shijiang, chairman of the board of directors of the company, said that the innovation and development path of the company is technology patenting, patent standardization and standard internationalization. In 2020, the company will take six innovative projects as the support to push the company to a new level.
Adhere to the road of innovation and development
There are more than 600 patents in the company. These patents have two characteristics: one is that there are many invention patents with high-tech content; the other is that most of these patents can be industrialized in the company, forming the independent intellectual property rights and core competitiveness of the company.
Li Shijiang said, "on the basis of these patents, we have upgraded patents to national standards and industry standards, which are also called technology patenting and patent standardization." In the field of standardization, difluorodo not only presided over the formulation or revision of more than 100 national and industrial standards for inorganic fluorine chemical industry, but also developed a large number of national standard samples and established the first national recognized laboratory for inorganic fluorine chemical industry in China. These national standard samples and national recognized laboratories constitute the standardization system of the trinity of polyfluoro.
At present, it has developed from benchmarking with international standards to participating in the formulation of international standards, and then to hosting the formulation of international ISO / tc226 series of international standards. Through the formulation and hosting of these international standards, the international status of doxorubicin has been enhanced, and it has gained a certain voice in the industry.
Focus on six innovation projects
At present, the development strategy of difluorodol is being adjusted. The company focuses on four major fields, including new fluorine silicon materials, new lithium battery materials, semiconductor field and big health new materials, and pays attention to six innovative projects in the above fields.
The first is in the field of new fluorine silicon materials. The electronic grade hydrofluoric acid of polyfluoro has been sold in bulk in the semiconductor industry at home and abroad. In addition, through the separation of fluorine and silicon, a series of products such as silane and silicon tetrafluoride of Zhejiang Zhongning silicon industry have also been developed and applied. It is also the only company in China that sells silane to solar cell industry, liquid crystal panel industry and semiconductor industry.
In addition to the field of fluorine and silicon, the research on new materials of lithium batteries has also been carried out. The company has carried out a series of research on cathode materials, anode materials, separator materials, including electrolyte materials. It is also because of the support of these new materials that multifluoro has made good achievements in the field of lithium batteries.
In addition, the epidemic has spawned a new field of health protection industry. Relying on the deep accumulation of material technology, the company integrates fluorine chemical industry, nano silver, meltblown cloth and other advantageous technologies, takes the protection of new materials as the breakthrough point, centralizes advantageous resources, speeds up the construction of meltblown cloth production line, and creates a health protection industry.
Electronic grade hydrofluoric acid warehouse
The six innovative projects implemented by DFT include fluoride salt technology upgrading, efficient utilization of low-grade fluorosilicone resources, multi-functional composite lithium salt, electronic grade chemicals, power lithium-ion battery and health protection industry. Each project has a high technical content, and it is time to blossom and bear fruit. These projects need the support of intelligent manufacturing system and the transformation and upgrading of digitization. Dofloto said that he has also made great efforts in digital and intelligent manufacturing.
Li Shijiang, chairman of the board of directors, said, "this year, we plan to take the six major innovation projects as the support to let dofloxacin go to a new level, live up to the hope of investors, and let dofloxacin create benefits for investors on a healthy and sustainable development platform."
In addition to the six major innovation projects, the company has also set up an innovation platform company of fluorine-based new materials. Through this innovation platform, it hopes to "make a home for talents, set a price for knowledge, and give wings to innovation".
Answer investors' doubts
Question 1: affected by the new coronavirus epidemic, there are systemic risks in the global economy. How do the company's senior management view its impact on the company's business and how to deal with it?
A: since the outbreak of New Coronavirus pneumonia, all provinces and municipalities across the country have launched a major response to major public health emergencies, and various measures have been taken to prevent and control the epidemic. However, there are two reasons for this epidemic. One is the birth of a new type of government business relationship. Governments and enterprises at all levels maintain a high degree of consistency in economic development. Leaders at all levels have devoted a lot of effort to the development of the company. They not only come to the company for in-depth research, but also give great support to the company's resumption of work and production. The second is the birth of the health protection industry. The company maintains a high degree of commercial sensitivity and political position in the health protection industry. The company takes new protective materials as the breakthrough point, relies on profound material technology accumulation, integrates fluorine chemical industry, nano silver, meltblown cloth and other advantageous technologies, speeds up the construction of meltblown cloth production line, takes automation and intellectualization as the starting point, plans to implement protective material projects, stimulates investment from all parties, creates health protection industry, and makes contributions to the country and society.
Question 2: please introduce the construction of the company's four new automatic production lines for meltblown fabrics, and how about the company's production capacity planning for meltblown fabrics? What's the current status of the company's melt blown fabric orders?
Answer: the company takes practical action to support New Coronavirus's epidemic prevention work and practice the social responsibility of listed companies. Based on the existing plant and production line, two automatic melt blown non-woven production lines were built through technical transformation, and four new automatic melt blown non-woven production lines were invested to increase the production capacity of melt blown non-woven, so as to solve the problem of insufficient key raw materials for mask production in the market We should make our own contribution to the fight against the epidemic. By the end of April, the first new production line had been debugged and sold in batches. The other three production lines to be invested will have an overall planned capacity of 10 tons per day.
About the sales of meltblown cloth: Recently, the company signed a sales contract with Shengguang Medical Products Co., Ltd. according to the contract, the company will provide Shengguang medical with meltblown cloth that meets the requirements of "medical surgical mask" and "medical protective mask" filtration efficiency level 1. The total contract amount is RMB 20, At present, the company has received a deposit of 60 million yuan from Shengguang medical. At the same time, we have also carried out business cooperation with some well-known domestic companies on related products, and the gross profit rate of the whole product is relatively high. But for the company, the focus is not only on the short-term benefits, but also on the stability of long-term operation. According to the current operation status of meltblown fabric, the product has played a supporting role in the growth of the company's profit.
Question 3: how does the acquisition of Luoyang lambao Fluorine Industry Co., Ltd. affect the company's hydrofluoric acid production end?
Answer: the basic raw material of fluorine chemical industry comes from fluorite (calcium fluoride). As a national strategic resource reserve, but also the country's advantage resources, the state has issued a series of policies to strengthen the protection of calcium fluoride resources and the consolidation of calcium fluoride industry. The company's understanding of resources has risen to a new height. The future development of fluorine chemical industry must have a certain amount of resources. The company has a complete industrial chain of fluorite high purity hydrofluoric acid lithium fluoride / aluminum fluoride lithium hexafluorophosphate lithium battery. Through the acquisition of equity of Luoyang lanbao and its subsidiaries, it is conducive to the upstream resource integration of the company's fluorine chemical industry plate, and improve the company's market competitiveness and scale economic benefits. Luoyang lanbao is one of the leading Fluorite Mining and processing enterprises in China. It has three fluorite concentrators and six mines in Luoyang, Chongqing and other places, with fluorite reserves of about 3 million tons and processing capacity of 60000 tons per year. Luoyang lanbao will provide guarantee for the company's raw material supply.
Question 4: according to the data of the company's annual report in 2019, the proportion of cash received in the total business volume has declined significantly. Does the company's credit policy show a loose trend?
A: according to the data reflected in the annual report of 2019 and the overall business environment of 2019, the company's whole receivables collection period does have a tightening trend compared with 2018.
Question 5: in the first quarter, the total installed capacity of soft pack batteries declined rapidly, especially in the company. What is the company's follow-up response plan?
A: in the first quarter, the overall installed capacity of the power battery industry declined significantly, and the company's three yuan soft pack lithium-ion battery shipment also declined significantly. The main reason is that the company's main customers are digesting the existing inventory under the uncertain policy, resulting in the company not generating new purchase orders.
Countermeasures: in January and April, the state issued a clear subsidy policy, and the high energy density power lithium battery developed and produced by the company met the requirements of customers for battery suppliers under the new deal. The company will continue to develop ternary soft pack batteries with good safety performance and high energy density. 2. To achieve full coverage of all models of major customers, increase market development efforts, enter the supply chain system of more new energy vehicle enterprises, carry out targeted research and development, and form a strong support for the company's business. 3. We will strengthen cooperation with foreign countries, and develop battery markets other than power lithium battery products, including but not limited to energy storage equipment, electric motorcycles, electric two wheeled vehicles, etc.
Question 6: according to the annual report, the company is mainly engaged in fluoride business. In 2019, the operating revenue will shrink by one third and the sales volume will shrink by nearly one fifth. What are the reasons for the sharp decline of the company's main business performance and the company's response plan?
A: the sales price of fluoride salt, the leading product of the company, has decreased to a certain extent in 2019, and the sales cost is in a flat state, so it has a certain impact on the overall performance of the company in 2019. However, the most important factor affecting the performance in 2019 is the company's provision for impairment. In the long run, the company will continue to maintain the leading position in the fluoride industry, give full play to the leading position in the industry, and constantly strive to occupy a larger market share. At the same time, the fluoride industry has a certain periodicity, and affected by the epidemic, the industry is in a relatively low stage. Due to the company's market position, grasp of the industry and the company's adjustment of new fluoride products, it is expected that the fluoride industry will take the lead in rebounding and have a better performance in the second half of the year.
Question 7: please introduce the mass production and application of lithium difluorosulfonate, as well as the future capacity planning?
A: the new process development and large-scale production of multifunctional composite lithium salt represented by lithium difluorosulfonate (lifsi) are becoming a reality. At present, lithium difluorosulfonate is a relatively mature product of the company, the production capacity is gradually released, the market promotion stage is relatively smooth, the sales volume is growing steadily, and the product quality is highly appraised by customers. In the future, the planned production capacity of the company is 1000-2000 tons.
Question 8: how about the production and promotion of the company's 300 million ah energy lithium ion battery project, and the impact of the project on profitability?
A: as of April 13, 2020, all the raised funds of the project "300 million ah energy lithium ion battery pack project" have been used up according to the plan for the use of the raised funds. After the project construction is basically completed, the commissioning and trial production stage of the production line will be started. On the one hand, due to the changes of national policies and market factors, the original equipment and production line need to be upgraded, while the adjustment and upgrading of some imported equipment are slow; on the other hand, customers put forward new requirements for battery specifications and processes, and the adjustment of production process structure leads to the adaptation of the equipment and production line Time extension. With the improvement of market situation and the gradual release of production capacity, the rate of return on investment will gradually increase.
Question 9: what is the future development direction of the company in the field of melt blown fabric?
A: there are really many companies that want to dry melt blown fabrics, but as far as we know, the products of melt blown fabrics are also divided into high, middle and low end products, and not many of them can really meet the requirements of N95 and n99. Recently, we have made some investigations. The protective materials in Henan Province, including masks and protective clothing, were commended by the State Council during the epidemic period. At the peak, it can account for more than 50% or even more of the national market protection products. But there are few high-end products produced in Henan Province, and some need to be sent from other places, and some need to be imported. If the development of protective products and protective materials can be put on the agenda, it will play a very important role in supporting the regional health industry.
In the second half of this year, the annual output is expected to reach about 4000 tons. In the future, we will aim at the integration of elimination and killing in meltblown fabrics, including degradability, and the combination of some new functions and fluorine chemical technology. We are very confident in the development of these interdisciplinary subjects on meltblown fabrics.
