Aug 8, 2017, Capchem released 2017 Semi-annual Report. In H1, 2017, the company realized gross revenue CNY 788M, year on year increase 15.27%; among, LIB chemicals realize revenue CNY 402M, year on year increase 14.32%; realize net profit CNY 127M, year on year increase 1.96%.
Semi-annual report stated that, the company Huizhou Capchem new electronic chemicals Phase-2 is estimated to reach trial production stage in Sep, 2017. According to previous announcement, the project includes 5 series products, which are 550t/a organic solar cell material series products, 500t/a LED packaging used organic silica gel series products, 23,650t/a semiconductor chemicals series products, 725t/a LIB electrolyte series products and 625t/a aluminum electrolytic capacitor electrolyte series products and so on.
The company latest developments in recent half years are as below:
In Aug, 2017, Capchem released announcement that, the company plans to invest CNY 200M to construct high-end fluorine fine chemicals project (Phase-1). The project will be implemented and constructed by Sanming Hexafluo Chemicals Co. Ltd., and will be constructed by 2 phases. After construction, it will produce 622t/a high-end fluorine fine chemical and 10kt/a LIB electrolyte.
In May, 2017, Capchem signed agreement with BASF Investment and BASF (China). According to the agreement, Capchem would purchase 100% share of BASF Battery Material Co. Ltd., held by BASF Investment and BASF China. Transaction consideration is USD 1.
ASIACHEM ‘China LIB Electrolyte Annual Report 2017’ shows that, in 2016, China LIB electrolyte capacity was 176.7kt/a, consumption was 70.5kt. In 2019, if all existed projects put into operation, China LIB electrolyte capacity will reach 365.8kt/a.
