In the context of global carbon peaking and carbon neutrality, electrification and intelligent development have become the main directions for the transformation and upgrading of the global automotive industry. As a leading supplier of lithium battery materials and optoelectronic materials, Shanshan Co., Ltd. (600884SH) is deeply involved in the development of the intelligent vehicle industry chain, adheres to independent innovation and participates in the global industrial chain competition at a high level. Its 4C fast charging anode used in the latest generation of high-end electric vehicles, industry-leading silicon-based anode and hard carbon anode products, and cutting-edge display products such as high-end LCD, OLED, and automotive polarizers demonstrate the experience and vision of Shanshan Co., Ltd. to deeply integrate into the global industrial chain, and explain the dream and ambition of Shanshan Co., Ltd. to link the world.
In fact, Shanshan's development and growth over the years is inseparable from the development of automobile electrification and intelligence. Shanshan said that new energy vehicles are the main direction of the transformation and upgrading of the global automobile industry and green development, and it is also the national strategy that China took the lead in establishing in order to become an automobile power. During the period, Shanshan shares and the new energy vehicle industry chain at the same frequency, which in turn boosted the development of the industrial chain. It is reported that at present, Shanshan Anode has completed the domestic production capacity layout of 700,000 tons of artificial graphite, and plans to plan a 100,000-ton integrated project in Finland, and the scale advantage of global integrated production capacity continues to lead. According to ICC information statistics, in the first half of 2023, the domestic output of lithium battery anode materials will be 74940,000 tons, of which the market share of artificial graphite anode materials is 83%, and the output of artificial graphite anode of Shanshan Co., Ltd. ranks first for a second time. In 2021, Shanshan Co., Ltd. made another breakthrough in transformation, becoming the world's largest polarizer company through the acquisition of LG Chem's polarizer assets, realizing the localization of optical chips, and thus forming a development pattern of dual main businesses. After winning LG, Shanshan has steadily promoted the construction of production capacity, and currently has 12 world-leading polarizer production lines (including under construction), continuing to consolidate its leading position as the world's No. 1 polarizer.
As the new energy vehicle industry gradually shifts from policy-driven to market-driven, consumption upgrading products will dominate the future passenger car market to create demand, and users have clearer and high-standard requirements for electrification, networking, and intelligence. Shanshan once again has insight into the development needs of the industrial chain, and through independent research and development and mergers and acquisitions, it supports screen display functions in various environments with higher-performance automotive polarizers, including high temperature resistance, high humidity, and visibility from different viewing angles, etc., to cope with the rapid growth of the automotive display market. In September 2023, Shanshan Co., Ltd. announced that it plans to acquire LG Chem's OLED TV, automotive LCD polarizers and other related assets to further improve its layout in the field of new display materials. After the completion of the acquisition, Shanshan's market share of automotive polarizers will reach about 25%. Cashing in on the performance, the same frequency resonance between Shanshan shares and the new energy vehicle industry chain is more intuitive.
Since the transformation in 1999, Shanshan Co., Ltd. (600884SH) revenue has basically maintained a steady growth trend, especially since 2015, with the outbreak of new energy vehicles, the company's scale has grown rapidly. In 8 years, the company's revenue has increased from 36$5.9 billion to $217 in 20220.2 billion yuan, an increase of nearly 6 times;Profit also from 34.8 billion to 269.1 billion yuan, an increase of more than 7 times.