<p>（第一财经）5 月 14 日——云南能源新材料股份有限公司的股价今天大幅下跌，这家中国锂电池隔膜制造商，也被称为 Semcorp，放弃了收购设备供应商中科华联新材料的计划，原因是双方在关键条款上存在分歧。该公司表示，将投资 40 亿元人民币（约合 5.894 亿美元）以增加生产能力。</p>
<p>Semcorp 的股价 [SHE: 002812] 收盘下跌 6.9%，报 75.78 元人民币（约合 11 美元），尽管该股今年迄今已上涨 34%。基准深圳成分指数当天下跌 2.1%。</p>
<p>经过仔细考虑和与所有相关方的友好讨论，Semcorp 决定终止收购青岛中科华联 100% 股权的交易，因为双方未能就交易的某些关键条款达成一致，该公司昨日表示。</p>
<p>Semcorp 首次于去年 11 月 30 日宣布收购计划，表示将通过发行股份收购专注于湿法锂电池隔膜完整生产设备开发和制造的中科华联，同时筹集额外资金。</p>
<p>如果收购顺利进行，Semcorp 将能够利用中科华联的设备生产高性能隔膜产品，从而增强供应链的稳定性和生产灵活性。这样可以解决与海外设备供应商相关的问题，如响应时间慢、升级周期长和更换成本高。</p>
<p>在明显的战略转变中，Semcorp 在同一天宣布将投资 40 亿元人民币在四川省西南部的自贡市建设一座隔膜工厂，年产能力为 50 亿平方米。</p>
<p>该项目将作为合资企业设立，Semcorp 持有 67% 的股份，另有由自贡市政府推荐的行业合作伙伴持有剩余的 33% 股份。</p>
<p><strong>乐观展望</strong></p>
<p>锂电池隔膜行业经历了一些重大调整，竞争格局正在改善，资源越来越集中在领先企业之间，Semcorp 表示。同时，动力和储能电池的需求持续稳步增长，应用领域也在不断扩大。</p>
<p>在这种背景下，该公司希望新的投资能够加强其生产网络，增加市场份额并改善盈利能力。</p>
<p>Semcorp 成立于 1996 年，最初从事香烟包装，后来转向新能源材料。目前，它是全球最大的锂电池隔膜供应商，客户包括宁德时代、比亚迪和亿纬锂能等主要电池制造商。</p>
<p>得益于锂电池行业的复苏，Semcorp 去年恢复盈利，净利润为 1.43 亿元人民币（约合 2110 万美元），而前一年净亏损为 5.56 亿元人民币。根据其年度报告，收入猛增 34%，达到 136 亿元人民币（约合 20 亿美元）。</p>
<p>这种强劲的势头持续到今年。根据其最新财务报告，第一季度，该公司的净利润同比激增 10 倍，达到 2.6 亿元人民币（约合 3830 万美元），而收入则跃升 43%，达到 39 亿元人民币（约合 5.747 亿美元）。</p>
<p>编辑：金·泰勒</p>

恩捷股份

<p>Semcorp 的股价下跌了 6.9%，原因是该公司因对关键条款存在分歧而放弃收购中科华联。相反，Semcorp 计划投资 40 亿元人民币在四川新建工厂以扩大生产能力。尽管面临挫折，该公司对锂电池隔膜市场仍持乐观态度，预计将加强其生产网络和盈利能力。Semcorp 在最近几个季度报告了利润显著回升和收入增长，确立了其在行业中的领先供应商地位</p>

<p>(Yicai) May 14 -- Shares in Yunnan Energy New Material tumbled today after the Chinese lithium battery separator manufacturer, also known as Semcorp, abandoned its plan to acquire equipment supplier Zhongkehualian New Material, citing disagreements over key terms. The company said it will instead invest CNY4 billion (USD589.4 million) to increase production capacity.</p>
<div class="lb-trans"><p>（第一财经）5 月 14 日——云南能源新材料股份有限公司的股价今天大幅下跌，这家中国锂电池隔膜制造商，也被称为 Semcorp，放弃了收购设备供应商中科华联新材料的计划，原因是双方在关键条款上存在分歧。该公司表示，将投资 40 亿元人民币（约合 5.894 亿美元）以增加生产能力。</p>
</div><p>Semcorp’s share price [SHE: 002812] closed down 6.9 percent at CNY75.78 (USD11), although the stock has gained 34 percent in value so far this year. The benchmark Shenzhen Component Index ended the day down 2.1 percent.</p>
<div class="lb-trans"><p>Semcorp 的股价 [SHE: 002812] 收盘下跌 6.9%，报 75.78 元人民币（约合 11 美元），尽管该股今年迄今已上涨 34%。基准深圳成分指数当天下跌 2.1%。</p>
</div><p>After careful consideration and friendly discussions with all parties involved, Semcorp has decided to terminate the deal to acquire 100 percent equity of Qingdao-based Zhongkehualian as the two parties were unable to reach an agreement on certain key terms of the deal, the Yuxi-headquartered company said yesterday.</p>
<div class="lb-trans"><p>经过仔细考虑和与所有相关方的友好讨论，Semcorp 决定终止收购青岛中科华联 100% 股权的交易，因为双方未能就交易的某些关键条款达成一致，该公司昨日表示。</p>
</div><p>Semcorp first announced the acquisition plan on Nov. 30 last year, saying that it would buy Zhongkehualian, which specializes in the development and manufacturing of complete production equipment for wet-process lithium battery separators, through a share issuance while also raising additional funds.</p>
<div class="lb-trans"><p>Semcorp 首次于去年 11 月 30 日宣布收购计划，表示将通过发行股份收购专注于湿法锂电池隔膜完整生产设备开发和制造的中科华联，同时筹集额外资金。</p>
</div><p>If the acquisition had gone ahead, Semcorp would have been able to use Zhongkehualian's equipment to produce high-performance separator products, thereby enhancing supply chain stability and production flexibility, it said. This would address issues linked to overseas equipment suppliers such as slow response times, long upgrade cycles and high replacement costs.</p>
<div class="lb-trans"><p>如果收购顺利进行，Semcorp 将能够利用中科华联的设备生产高性能隔膜产品，从而增强供应链的稳定性和生产灵活性。这样可以解决与海外设备供应商相关的问题，如响应时间慢、升级周期长和更换成本高。</p>
</div><p>In a clear strategic pivot, Semcorp on the same day unveiled a CNY4 billion investment to construct a separator factory in Zigong, southwestern Sichuan province, with an annual capacity of five billion square meters.</p>
<div class="lb-trans"><p>在明显的战略转变中，Semcorp 在同一天宣布将投资 40 亿元人民币在四川省西南部的自贡市建设一座隔膜工厂，年产能力为 50 亿平方米。</p>
</div><p>The project will be set up as a joint venture, with Semcorp holding a 67 percent stake and an industry partner recommended by the Zigong municipal government holding the remaining 33 percent, it said.</p>
<div class="lb-trans"><p>该项目将作为合资企业设立，Semcorp 持有 67% 的股份，另有由自贡市政府推荐的行业合作伙伴持有剩余的 33% 股份。</p>
</div><p><strong>Upbeat Outlook</strong></p>
<div class="lb-trans"><p><strong>乐观展望</strong></p>
</div><p>The lithium battery separator industry has gone through some major adjustments and the competitive landscape is now improving, with resources becoming increasingly concentrated among leading players, Semcorp said. Meanwhile, demand for power and energy storage batteries continues to grow steadily with applications expanding into more areas.</p>
<div class="lb-trans"><p>锂电池隔膜行业经历了一些重大调整，竞争格局正在改善，资源越来越集中在领先企业之间，Semcorp 表示。同时，动力和储能电池的需求持续稳步增长，应用领域也在不断扩大。</p>
</div><p>Against this backdrop, the company hopes the new investment will strengthen its production network, increase market share and improve profitability, it said.</p>
<div class="lb-trans"><p>在这种背景下，该公司希望新的投资能够加强其生产网络，增加市场份额并改善盈利能力。</p>
</div><p>Founded in 1996, Semcorp started out making cigarette packaging before branching into new energy materials. It is now the world’s largest supplier of lithium battery separators, whose clients include major battery manufacturers such as Contemporary Amperex Technology, BYD and Eve Energy.</p>
<div class="lb-trans"><p>Semcorp 成立于 1996 年，最初从事香烟包装，后来转向新能源材料。目前，它是全球最大的锂电池隔膜供应商，客户包括宁德时代、比亚迪和亿纬锂能等主要电池制造商。</p>
</div><p>Thanks to the recovery of the lithium battery sector, Semcorp returned to profitability last year, posting net profit of CNY143 million (USD21.1 million) compared with a net loss of CNY556 million the previous year. Revenue soared 34 percent to CNY13.6 billion (USD2 billion), according to its annual report.</p>
<div class="lb-trans"><p>得益于锂电池行业的复苏，Semcorp 去年恢复盈利，净利润为 1.43 亿元人民币（约合 2110 万美元），而前一年净亏损为 5.56 亿元人民币。根据其年度报告，收入猛增 34%，达到 136 亿元人民币（约合 20 亿美元）。</p>
</div><p>This strong momentum continued into this year. In the first quarter, the firm’s net profit surged 10 times from the same period last year to CNY260 million (USD38.3 million), while revenue jumped 43 percent to CNY3.9 billion (USD574.7 million), according to its latest financial report.</p>
<div class="lb-trans"><p>这种强劲的势头持续到今年。根据其最新财务报告，第一季度，该公司的净利润同比激增 10 倍，达到 2.6 亿元人民币（约合 3830 万美元），而收入则跃升 43%，达到 39 亿元人民币（约合 5.747 亿美元）。</p>
</div><p>Editor: Kim Taylor</p>
<div class="lb-trans"><p>编辑：金·泰勒</p>
</div>

Semcorp Sinks as Chinese Battery Separator Giant Scraps Supplier Buyout, Bets on Capacity Expansion

Yicai

深证成指

宁德时代

比亚迪

比亚迪股份

亿纬锂能

CATL HK SDR 30to1

BYD HK SDR 10to1

比亚迪(ADR)

比亚迪股份-R

Semcorp 股价下跌，中国电池隔膜巨头取消了供应商收购计划，转而押注于产能扩张