Zhenjiang Dongfang Electric Heating Technology Co., Ltd.
东方电热
300217
Shenzhen Stock Exchange
Company Profile
The company's long-term insistence on transformation and upgrading, new energy business has become the company's main source of performance, but also the company's future focus on development, rapid growth of the core direction. 1. New energy equipment manufacturing business competitive advantage is obvious, forward-looking layout products will soon enter industrialization. The company is one of the very few enterprises in China that produce electric heaters for cold hydrogenation of polysilicon and polysilicon reduction furnaces. After years of research and development, the company has accumulated rich technical reserves and has strong technical and brand advantages in the field of polysilicon, and has achieved almost full coverage of domestic customers in the polysilicon industry. By the end of 2022, the company's domestic market share of electric heaters for polysilicon cold hydrogenation will exceed 90%, and the domestic market share of polysilicon reduction furnaces will reach 40% to 50%, ranking steadily in the forefront of the same industry in China. High temperature and high efficiency electric heater is the company's forward-looking layout of new products, the main products include electric heater system for molten salt energy storage and electric heater system for blast furnace steel making, is the company's future focus on the development of one of the business areas, part of the product has entered the industrialization of the release stage, a wide range of application scenarios, great prospects for development. A demonstration energy storage and peaking project with Xi'an Thermal Engineering Institute is running well, and the molten salt storage electric heater system has been highly recognized by the customer. The company will make full use of the existing technical advantages, brand advantages, customer advantages, and continue to improve the market share. 2. Strong growth in the business of electric heaters for new energy vehicles. The company is one of the earliest companies in China to develop and take the lead in industrializing PTC electric heaters for new energy vehicles, with rich industrial experience and profound technology accumulation, and its customers cover traditional car companies such as BYD, SAIC, GAC and many new car makers such as Azera, RISO, HZ, Zero Run, etc. The company has excellent product quality and is well recognized by customers. The company currently has an annual production capacity of 2 million sets and is expected to reach 4 million sets by the end of 2024, ranking among the top three in China in terms of production capacity. With the rapid development of the global new energy vehicle market, the company's electric heater business for new energy vehicles is expected to continue to achieve rapid growth. 3. pre-nickel plated steel strip material all-out to accelerate the domestic replacement. Pre-plated nickel strip material is a high-end product of lithium battery shell material, and the most important application scenarios are new energy vehicles, power tools and consumer electronics. At present, the main manufacturers of preplated nickel strip materials for lithium batteries are all foreign companies, and domestic consumption is completely dependent on imports. The rapid development of the global new energy vehicle market and the cordlessness, intelligence and light weight of power tools are bound to strongly drive the rapid growth of demand for pre-plated nickel battery strips. Tesla as the representative of the 46 series of large cylindrical battery has set off a global investment layout boom, but the supply side of the pre-plated nickel battery strip production capacity is relatively limited, the future market demand gap is obvious. After more than ten years of development, the company has accumulated rich experience and mastered a large number of core technologies, and owns or has applied for a number of patented technologies, and the production of pre-plated nickel battery steel strip has passed the material performance verification of many well-known domestic enterprises such as Kodaly, YIWU Lithium, Dongshan Precision, Wuxi Jin Yang, etc., and has also signed long-term We have also signed long-term supply framework agreements with Wuxi Jinyang and Dongshan Precision. The company is the first enterprise in China to achieve mass production of pre-plated nickel battery strips, and is at the forefront of the domestic industry in terms of project construction, capacity release, market promotion verification and technology reserve accumulation. The company's "20,000 tonne per annum pre-plated nickel steel strip project for lithium batteries" is expected to be completed and put into operation in September 2023, and the domestic replacement of pre-plated nickel battery strip materials is just around the corner.
Full description
The company is located in Zhenjiang Economic and Technological Demonstration Zone, an electromechanical industrial park at the crossroads of the Shanghai and Nanjing economic circles. The company was listed on the Growth Enterprise Market of Shenzhen Stock Exchange in 2011 and is the first domestic listed company in the electric heating industry. Since its listing, the company has taken electric heating technology as the core and devoted itself to the integrated research and development of thermal management systems in a number of fields, extensively expanding the application fields of electric heating technology and thermal management systems. At present, the company has formed a business pattern with three main business segments, namely, new energy (equipment manufacturing, automotive components and lithium battery materials), household appliances (components) and optical communications (materials), with the new energy industry as the key development direction. The company's new energy business segment is divided into three business segments: new energy equipment manufacturing, automotive components and lithium battery materials, of which: the main products of the new energy equipment manufacturing business are polysilicon cold hydrogenation electric heater and polysilicon reduction furnace, which are the core equipment and key equipment in the production process of polysilicon; the main products of the automotive components business are electric heaters for new energy vehicles, which are mainly used in the thermal management of battery packs and air-conditioning systems of new energy vehicles; the core products of the lithium battery materials business are pre-plated nickel steel strip materials, which are mainly used in the manufacture of steel shells for various types of lithium batteries and other materials for battery structural parts. The main products of the household electrical components business are PTC electric heaters, electric heating tubes and components, which are mainly used for auxiliary heating of air-conditioners and heating systems for kitchen and bathroom appliances. The main products of the optical communication materials business are steel (aluminium) plastic composite materials for optical cables, mainly used for composite steel (aluminium) plastic tapes for optical cables and cables.