推薦產(chǎn)品
3-(4-chlorophenyl)-4-phenyl-4,5-dihydro-1H-pyrazole 2-(chloromethyl)-3-methylpyridinehydrochloride 1-(2-bromo-4-methylphenyl)ethanone 3-chloroisoquinoline-4-carbonitrile 5,8-dichloropyrido[3,2-d]pyridazine 2-bromomalononitrile 2-(4-(bromomethyl)phenyl)benzo[d]thiazole 1-(bromomethyl)-3-methoxy-2-nitrobenzene 6-bromo-1H-[1,2,3]triazolo[4,5-b]pyridine 4-iodo-2-((trimethylsilyloxy)methyl)thiazole 6-iodoimidazo[1,2-a]pyridine-3-carbonitrile 2-(4-chlorophenyl)-2-morpholinoacetonitrile 4-chloro-7H-pyrrolo[2,3-d]pyrimidine 4-chloroisothiazole 5-bromo-6-chloro-1H-indole 7-chloro-3H-imidazo[4,5-b]pyridine ethyl3-(4-formylphenyl)propanoate 2,3-dibromobenzaldehyde 1-(5H-chromeno[2,3-b]pyridin-7-yl)ethanone 5H-chromeno[2,3-b]pyridin-5-one 3-chloroisoquinoline-4-carbaldehyde (E)-2-(3-oxoprop-1-enyl)benzaldehyde methyl4-formyl-3-nitrobenzoate 5,6-dimethoxy-2,2-dimethyl-2,3-dihydro-1H-inden-1-one 1-methylbicyclo[4.1.0]heptan-3-one 3-nitro-4-(trifluoromethoxy)benzaldehyde 2-hydroxyquinoline-6-carbaldehyde 2-nitro-3-(trifluoromethyl)benzaldehyde 1-(2-fluoro-4-methoxyphenyl)propan-2-one tert-butyl3-fluoro-4-oxopiperidine-1-carboxylate tert-butyl3-oxopropylcarbamate 2,2-dimethylcyclohexanone 9H-carbazole-3-carbaldehyde N,N-dimethyl-2-oxoacetamide 2-methylpent-4-yn-2-ol 3-tert-butyl-4-hydroxybenzonitrile 4-bromo-2-tert-butylphenol 1,3-dibutoxypropan-2-ol methyl4-hydroxyquinoline-6-carboxylate methyl3-cyano-4-hydroxybenzoate 4-chloro-6-methoxyquinolin-7-ol 3,4-dihydro-2H-benzo[b][1,4]oxazin-7-ol 2-(2-aminothiazol-5-yl)ethanolhydrochloride (R)-ethyl2-chloropropanoate (S)-4-amino-5-(4,4-dimethylcyclohexylamino)-5-oxopentanoicacid (1s,4s)-4-hydroxycyclohexanecarboxylicacid (S)-2-(tetrahydrofuran-3-yloxy)aceticacid (1S,4R)-1-methyl-4-(prop-1-en-2-yl)cyclohex-2-enol (R)-4-(hydroxymethyl)oxazolidin-2-one (S)-4-(hydroxymethyl)oxazolidin-2-one 化工資訊 電解液積極擴(kuò)產(chǎn)，龍頭地位進(jìn)一步鞏固：公司擬投資設(shè)立全資子公司安徽天賜，實(shí)施年產(chǎn)20萬噸電解液項(xiàng)目(一期)，項(xiàng)目一期設(shè)計年產(chǎn)10萬噸電解液，建設(shè)周期1年，總投資為1.64億元，其中建設(shè)投資1.29億元，鋪底流動資金0.35億元。項(xiàng)目一期達(dá)產(chǎn)后，公司電解液產(chǎn)能將擴(kuò)至超過15萬噸，進(jìn)一步鞏固龍頭地位；公司預(yù)計可實(shí)現(xiàn)年均營業(yè)收入35.90億元、凈利潤1.33億元。
成本優(yōu)勢顯著，市場份額領(lǐng)先：公司目前已具備折合4,000噸晶體六氟磷酸鋰產(chǎn)能，六氟磷酸鋰基本實(shí)現(xiàn)自給，成本優(yōu)勢明顯(尤其是液體六氟磷酸鋰)，我們預(yù)計未來有望隨同電解液進(jìn)一步擴(kuò)產(chǎn)，成本亦有望持續(xù)降低，為電解液盈利水平提供有力保障。公司前三季度實(shí)現(xiàn)電解液銷量約2萬噸，市場份額遙遙領(lǐng)先；公司已綁定CATL等龍頭電池企業(yè)，電解液產(chǎn)銷規(guī)模有望在2018-2019年持續(xù)高增長。
戰(zhàn)略布局碳酸鋰，正極材料有望成為新增長點(diǎn)：公司控股子公司江西艾德已經(jīng)具備1萬噸磷酸鐵和1萬噸磷酸鐵鋰產(chǎn)能，并擬新建2.5萬噸磷酸鐵鋰和2.5萬噸三元材料產(chǎn)能，公司募投新建的3萬噸磷酸鐵產(chǎn)能也將于2018年投產(chǎn)；預(yù)計正極材料業(yè)務(wù)有望在2018年開始大幅貢獻(xiàn)業(yè)績。同時，公司還參股容匯鋰業(yè)和云鋰股份，戰(zhàn)略布局碳酸鋰，保障原材料穩(wěn)定供應(yīng)的同時，還有望獲得豐厚的投資收益。
評級面臨的主要風(fēng)險
新能源汽車政策不達(dá)預(yù)期；電解液價格下滑超預(yù)期；正極材料業(yè)務(wù)推進(jìn)不達(dá)預(yù)期。
