As the price of cobalt rises all the way, downstream battery companies are generally under pressure, and the cathode material as the core part of the battery has attracted attention. Recently, the two leading cathode materials companies Dangsheng Technology and Shanshan Co., Ltd. have successively released their 2017 annual reports.

　　As the price of cobalt rises all the way, downstream battery companies are generally under pressure, and the cathode material as the core part of the battery has attracted attention. Recently, the two leading cathode materials companies Dangsheng Technology and Shanshan Co., Ltd. have successively released their 2017 annual reports.

　　Judging from the annual report, both companies have achieved impressive performance, with both revenue and net profit increasing significantly. On the one hand, the growth of sales of new energy vehicles has driven the growth of cathode materials, and the products are in short supply; on the other hand, the power diversified materials are in line with the policy guidance and the market price has increased. Profit growth.　　 In 2017, Shanshan's cathode material business achieved revenue of 4.26 billion yuan, a year-on-year increase of 70.15%, and realized a net profit of 487 million yuan, a year-on-year increase of 179.54%.

　　Dangsheng Technology achieved revenue of 2.158 billion yuan, a year-on-year increase of 61.7%, and realized a net profit of 250 million yuan, a year-on-year increase of 151.97%. Among them, the revenue of lithium battery materials business was 1.929 billion yuan, a year-on-year increase of 62.85%, and the revenue of lithium battery materials business accounted for 89.41% of operating income.

　　At the same time, the two companies achieved both production and sales growth. Shanshan's output in 2017 was 22,159 tons, a year-on-year increase of 32.14%, sales volume was 21,447 tons, a year-on-year increase of 19.42%, and gross profit margin reached 24.67%, a year-on-year increase of 3.75%.

　　The application areas of the cathode materials of the two leading companies cover digital consumer lithium batteries, lithium batteries for new energy vehicles and energy storage batteries. The following analyzes the business strategies of the two companies and gives a glimpse of the development trend of cathode materials.