As of August 9, among the "top ten listed fluorine chemical companies in China" according to the statistics of China Fluorine Silicon Organic Materials Industry Association, eight of them announced their "report report" in the first half of the year, and all of them had soaring performance, among which the most had a year-on-year growth of 24 times, and the least had a doubling. According to relevant sources, in recent years, the fluorine chemical industry has seized the opportunity of transformation and upgrading, and actively expanded to the new energy vehicles, photovoltaic and semiconductor industries, so that fluorine materials ushered in another spring.

Positive transformation performance soared

China association of fluorine and silicone material industry was based on 2021 annual reports and statistics from China's top ten fluorine chemical industry listed companies, they respectively are JuHua stake, dongyue group, blessed materials, fluorine, three American shares, yonghe, HaoHua science and technology, forever too science and technology, the new main bond, lianchuang shares (in no particular order), ten combined total operating income of about 80.3 billion yuan in 2021. As of August 8, except for Yonghe and Haohua Technology, the other eight companies have disclosed their half-year performance forecast, not only none of them lost money, but also their performance increased substantially.

From the specific profit data has been disclosed, in the first half of this year, Tianci material net profit is the highest, is expected to be 2.8 billion to 3 billion yuan, year-on-year growth of 257.74% to 283.29%; Polyfluoro ranked second with an estimated profit of 1.3 billion to 1.5 billion yuan, up 322.17% to 387.12% year on year. Lianchuang's first-half net profit is expected to range from 670 million yuan to 720 million yuan, up 1,318.38 percent to 1,424.23 percent year on year, which is the highest performance growth.

What is the reason for the growth of the above companies? Tianci materials said, influenced by the growth of demand for new energy vehicles, the company's lithium ion battery material electrolyte and cathode material product sales and prices have increased significantly compared with the same period last year, at the same time, the company accelerated the release of production capacity, industrial chain integration layout strategy has achieved significant results. The company said that the sales and prices of core products such as lithium hexafluorophosphoric acid, electronic-grade hydrofluoric acid and electronic-grade silane in the company's new material business segment all increased significantly compared with the same period last year. Lienchuang shares said that the company's fluorine-containing new material segment of the new product PVDF and output is increasing steadily. And the new Zuobang on the performance of the explanation mentioned in the doubling, fluorinated coolant (fluorinated liquid) successfully through the industry well-known customer certification, to achieve large quantities of delivery in domestic and foreign markets.

Fluorine material has very good resistance to high temperature and corrosion. The fluorine chemical industry chain starts with fluorite, and then can produce hydrofluoric acid, and further can produce refrigerant for air conditioning, lithium hexafluorophosphate (lithium hexafluorophosphate), PVDF (polyvinylidene difluoride) materials for power batteries, and cleaning products for pan-semiconductor, etc. At present, fluorine chemical products are mainly refrigerants and aluminum fluoride, accounting for more than 80%.

Gong Simin, a fluorine and silicon industry analyst at Baichuan Yinfu, told Shanghai News that in the past decade, the transformation and upgrading of fluorine chemical industry has been obvious, and the proportion of fluorine fine chemical products used in emerging industries such as new energy vehicles, photovoltaic, panels and semiconductors has gradually increased. In the past two years, with the rapid development of emerging industries and the sharp increase in downstream demand, the price of related fluorine fine chemical products rose, thereby boosting the performance of related enterprises.

Take PVDF as an example, which is mainly used as a binder, diaphragm and diaphragm coating in the lithium battery industry. PVDF originally relied mainly on imports, but domestic production gradually increased from 2021. PVDF prices have more than quadrupled in the past year as demand has outstripped supply.

At the same time, more and more domestic enterprises have made breakthroughs in the industrialization of high-end fluorine materials. Cang Lingsheng, deputy general manager of the Department of Polyfluoro electronic Chemicals, revealed that the company's high-end product G5 electronic grade hydrofluoric acid has passed the verification of the global wafer manufacturing giants, and will officially put into production in the second half of this year. The company's high purity electronic grade hydrofluoric acid customers have developed to dozens.At the same time, more and more domestic enterprises have made breakthroughs in the industrialization of high-end fluorine materials. Cang Lingsheng, deputy general manager of the Department of Polyfluoro electronic Chemicals, revealed that the company's high-end product G5 electronic grade hydrofluoric acid has passed the verification of the global wafer manufacturing giants, and will officially put into production in the second half of this year. The company's high purity electronic grade hydrofluoric acid customers have developed to dozens.

Capital operation is frequent

Gong Simin of Baichuan Yinfu revealed that after seeing the huge market potential of fluorine materials applied in emerging industries, more and more funds entered the fluorine materials market, and the industry capital operation was continuous.

At the end of last year, the list of China's top 10 listed fluorine chemical companies was unveiled, and Lianchuang entered the top 10 list for the first time. Behind is Lian Chuang shares of the heart of the capital operation.

Lianchuang was listed on the Shenzhen Stock Exchange in 2012. In 2019, Lianchuang wholly acquired Shandong Hua 'an New Materials Co., LTD., rapidly deploying new production capacity to meet the demand for related fluorine materials in photovoltaic, power lithium batteries, energy storage and other fields. The company focuses on the layout of lithium electric PVDF and its raw material R142b. Benefiting from the rapid growth of the new energy industry, the company achieved a total operating revenue of 1.835 billion yuan in 2021 and a net profit attributable to shareholders of the listed company of 288 million yuan.

Juhua shares also through a operation, fluorinated new material plate listed separately. At the beginning of 2018, Juhua transferred the shares of its two wholly-owned subsidiaries, Zhejiang Borui Electronic Technology Co., Ltd. and Zhejiang Kaisengfluoro Chemical Co., LTD., which were acquired by the newly established ZhongJuhua Chip. Juhua owns 35.2% of Juhua's shares.

At the end of June this year, Zhongjuomic applied for the Science and Technology Innovation Board, and it has passed the initial approval and is in the stage of submission for registration. Data show that the funds raised by Zhongjuomic will be used to build an annual output of 196,000 tons of ultra-pure electronic chemicals in Qianjiang, including 30,000 tons of electron-grade hydrofluoric acid.