① Today, it was reported on the Internet that Duan Wenyong, director of Meilian New Materials, posted in his circle of friends that “he also lost his blood”, “he was scolded as soon as he answered the phone,” and even “hugged his head and cried” with investors, drawing market attention. ② Looking at the company's business, the new energy and new materials business plans continue to expand.
Financial Services Association, January 31 (Reporter Zeng Chuchu) “anger” and “grievance” in the circle of friends seem to have become a trend. Today, it was reported on the internet that Duan Wenyong, director and secretary of Meilian New Materials (300586.SZ), posted to his circle of friends that “he lost his blood”, “he was scolded as soon as he answered the phone,” and “hugged his head and cried” with investors, which attracted market attention. Looking at the company's business, the new energy and new materials business plans continue to expand.
The director laughed at himself for “losing blood too”
Today, it was reported on the Internet that Duan Wenyong, director of Meilian New Materials, posted in his circle of friends that “he also lost his blood,” “got scolded as soon as he answered the phone,” and even “hugged his head and cried” with investors. The accompanying picture also playfully attached “turning over at the next stop,” which attracted market attention.
(Picture source: screenshot posted online)
As of press release, the Financial Services Association reporter called the Securities Department of Midland New Materials several times, but was unable to get through. A capital market source confirmed to the Financial Federation reporter that this circle of friends was indeed published by Duan Wenyong, director of Midland New Materials.
Judging from Midland New Materials' stock price performance in recent years, it is indeed “falling incessantly.” According to Flush data, since 2023, the price per share of Midland New Materials has declined from 15.85 yuan to 5.86 yuan.
(Photo Credit: Tung Flush)
The latest performance forecast has caused the stock price to “drop” continuously. According to the latest performance forecast released by Midland New Materials on January 30, it is expected to achieve net profit of 100 million yuan to 130 million yuan in 2023, with net profit falling 59.00% to 68.00% year on year. The stock price fell 5.04% to 6.22 yuan on the day the performance forecast was released; as of today's close, the stock price fell 5.85% again to close at 5.86 yuan.
Midland New Materials said that the main reason for the year-on-year decline in annual performance was the weakening of downstream demand, the decline in sales volume and unit prices of major fine chemical products, and a large year-on-year decline in gross margin; due to the long power battery separator certification cycle, the company's battery separator products were still in the market development stage, and operating income was low during the reporting period; based on the principle of prudence, the company made corresponding impairment preparations for related assets showing signs of impairment.
New materials and new energy business continues to expand
According to information, Midland New Materials focuses on the new materials and new energy industries, mainly engaged in R&D, production, sales and technical services of polymer composite coloring materials. According to data from last year's semi-annual report, the main products include cyanide tripolyvinyl chloride, masterbatches, wet battery diaphragms (base films and coating films), and melt-blown nonwovens, accounting for 57.05%, 28.50%, 0.75%, and 1.43% of revenue, respectively.
Judging from the business layout, Midland New Materials continues to expand in the new materials and new energy industries.
In the new energy business, Midland New Materials's announcement that it plans to invest 10 billion dollars in sodium battery cathode materials attracted market attention. Judging from the company's recent research reports, this sector is also the capital market's focus.
Last year, Midland New Materials adjusted the plan for the “180,000-ton battery-grade Prussian blue (white) industrialization project” based on the actual development plan. The first phase plans to build a 5,000 ton Prussian blue sodium battery cathode material technology transformation project, which is expected to be completed and put into operation by the end of 2023. The second and third phases are each planned to have an annual production capacity of 55/ 120,000 tons. It is expected to be completed and put into operation by the end of June 2025/June 2027.
Midland New Materials disclosed the latest developments on an interactive platform and stated that Huihong Technology's “5,500 tons/year production capacity engineering project” of Huihong Technology, the holding company, has completed a production capacity engineering transformation of 1,000 tons/year and has already been put into operation, and the remaining projects are under renovation and construction.
A CIFA reporter learned from a comprehensive range of industry insiders that the main layered oxide, Prussian blue (white), and polyanionic routes of sodium battery cathode materials are progressing rapidly.
As for Prussian Blue's future, Midland New Materials is still confident. Earlier, during an investor exchange event, the company said that 2023 is the first year of the sodium-ion battery industry, and there have been breakthroughs in all three cathode material routes. The Prussian Blue technology route has the advantages of low cost (no precious metal materials, no high energy consumption such as calcination, etc.), good high and low temperature performance, high safety, and high ratio, and will definitely have a great competitive advantage in the future.
In the new materials business, judging from the interactive and easy communication platform of the Midland New Materials Shenzhen Stock Exchange, investors are also concerned about the company's convertible bond issuance plan. According to the convertible bond issuance plan disclosed by the company in July last year, the company plans to raise no more than 1 billion yuan in capital through this offering to expand production capacity for middle and high-end white masterbatches.
According to information, the main construction content of the project includes the construction of an annual output of 300,000 tons of full-process masterbatch, 600,000 tons of ferrous sulfate, 100,000 tons of water treatment agent, 800,000 tons of sulfuric acid (including 50,000 tons of reagent sulfuric acid), and supporting the construction of 110kv substations, sulfuric acid waste heat power generation, dilute acid concentration, desalinated water preparation, and sewage treatment stations.
Midland New Materials recently stated on the Interactive Easy platform that the company's subsidiary, Sichuan Meilian, has recently won land use rights for the first phase of the new energy and polymer materials industrialization project with an annual output of 2.3 million tons. The work related to the project is being stepped up. Please pay attention to the company's subsequent relevant announcements for details.