[年报]恩捷股份(002812):2024年年度报告（英文版）
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时间：2025年05月06日 09:23:59 中财网 |
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原标题:恩捷股份:2024年年度报告（英文版）
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
Stock abbreviation: Semcorp Stock code: 002812 Announcement No.: 2025-055
Bond abbreviation: Energy Convertible Bond Bond code: 128095
Yunnan Energy New Material Co., Ltd.
2024 Annual Report
April 2025
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
2024 Annual Report
Section 1 Important Notes, Contents and Definitions
The Board of Directors and its members, the Supervisory Committee and its members and the senior management warrant that the contents of the Annual Report are truthful, accurate and complete, without any false statement, misrepresentation or major omission, and that they are jointly and severally liable for the contents.
Paul Xiaoming Lee (the Company’s person in charge), Li Jian (the person in charge of finance) and Deng Jinhuan (the person in charge of the accounting department) hereby declare and warrant that the contents of the financial statements in this Annual Report are truthful, accurate and complete. All Directors were present at the Board meeting to consider and approve this Annual Report.
The future plans, development strategies and other forward-looking descriptions in this report do not constitute material commitments of the Company to investors. Investors and related persons shall be fully aware of the risks in connection therewith and should understand the difference between plan, forecast and commitment. Investors are advised to pay attention to investment risks. For details, please refer to the “3. Risks the Company may face” under the “XI. Outlook of the Company” in the Section 3 “Management Discussion and Analysis” of this report.
The Company plans to pay no cash dividend and no bonus shares, and no share will be converted from reserve into share capital.
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
Contents
Section 1 Important Notes, Contents and Definitions .............................. 2 Section 2 Company Profile & Key Financial Indicators ........................... 7 Section 3 Management Discussion and Analysis ..................................... 11 Section 4 Corporate Governance .............................................................. 47 Section 5 Environment and Social Responsibility ................................... 70 Section 6 Significant Events ...................................................................... 77
Section 7 Share Changes and Shareholder Details ............................... 114 Section 8 Details about Preferred Shares............................................... 126 Section 9 Details about Bonds ................................................................. 127
Section 10 Financial Report .................................................................... 131
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
Documents Available for Inspection
I. Financial statements signed and sealed by the legal representative, the person in charge of finance and the person in charge
of the accounting department of the Company.
II. The original copies of all documents and announcements of the Company which have been publicly disclosed in newspapers
designated by the China Securities Regulatory Commission during the Reporting Period.
III. The original text of the 2024 annual report signed by the Chairman of the Board of Directors.
IV. The place where the above documents are maintained: the Company’s Securities Department. 2024 Annual Report of Yunnan Energy New Material Co., Ltd.
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| Terms | Definitions |
| Energy Technology, this Company, the Company | Yunnan Energy New Material Co., Ltd. |
| Actual controller, Paul Xiaoming Lee family | Paul Xiaoming Lee, Li Xiaohua, Yan Ma, YanYang Hui, Sherry Lee, Jerry Yang Li |
| Hongta Plastic | Yunnan Hongta Plastic Co., Ltd., a wholly-owned subsidiary of the Company |
| Chengdu Hongta Plastic | Hongta Plastic (Chengdu) Co., Ltd., a subsidiary of the Company |
| Dexin Paper | Yunnan Dexin Paper Co., Ltd., a wholly-owned subsidiary of the Company |
| Hongchuang Packaging | Yunnan Hongchuang Packaging Co., Ltd., a controlled subsidiary of the Company |
| Anhui Hongchuang | Hongchuang Packaging (Anhui) Co., Ltd., a subsidiary of the Company |
| Shanghai Energy | Shanghai Energy New Material Technology Co., Ltd., a controlled subsidiary of the Company |
| Zhuhai Energy | Zhuhai Energy New Material Technology Co., Ltd., a subsidiary of the Company |
| Wuxi Energy | Wuxi Energy New Material Technology Co., Ltd., a subsidiary of the Company |
| Jiangsu Energy | Jiangsu Energy New Material Technology Co., Ltd., a subsidiary of the Company |
| Chongqing Energy | Chongqing Energy New Material Technology Co., Ltd., a subsidiary of the Company |
| Yuxi Energy | Yuxi Energy New Materials Co., Ltd., a subsidiary of the Company |
| Newmi Tech | Chongqing Energy Newmi Technological Co., Ltd., a subsidiary of the Company |
| Jiangxi Tonry | Jiangxi Tonry New Energy Technology Development Co., Ltd., a subsidiary of the Company |
| Jiangsu Ruijie | Jiangsu Ruijie New Material Technology Co., Ltd., a subsidiary of the Company |
| Jiangsu Sanhe | Jiangsu Sanhe Battery Material Technology Co., Ltd., a subsidiary of the Company |
| Jiangxi Ruijie | Jiangxi Ruijie New Material Technology Co., Ltd., a subsidiary of the Company |
| Jiangxi Energy | Jiangxi Energy New Material Technology Co., Ltd., a subsidiary of the Company |
| Jiangxi Enpo | Jiangxi Enpo New Materials Co., Ltd., a subsidiary of the Company |
| Hubei Energy | Hubei Energy New Material Technology Co., Ltd., a subsidiary of the Company |
| Suzhou GreenPower | Suzhou GreenPower New Energy Materials Co., Ltd., a subsidiary of the Company |
| Hunan Energy | Hunan Energy Frontier New Material Technology Co., Ltd., a subsidiary of the Company |
| SEMCORP Hungary KFT | SEMCORP Hungary Korlátolt Felel?sség? Társaság (Hungary), a subsidiary of the Company |
| Heyi Investment | Yuxi Heyi Investment Co., Ltd., a shareholder holding more than 5% of the Company’s shares |
| Heli Investment | Yuxi Heli Investment Co., Ltd., an employee stock ownership platform of the Company |
| General Meeting of Shareholders | The general meeting of shareholders of Yunnan Energy New Material Co., Ltd. |
| Board of Directors | The Board of Directors of Yunnan Energy New Material Co., Ltd. |
| Supervisory Committee | The supervisory committee of Yunnan Energy New Material Co., Ltd. |
| CSRC | China Securities Regulatory Commission |
| SZSE | Shenzhen Stock Exchange |
| CSDC Shenzhen Branch | Shenzhen Branch of China Securities Depository and Clearing Corporation Limited (CSDC) |
| Company Law | Company Law of the People’s Republic of China |
| Securities Law | Securities Law of the People’s Republic of China |
| Articles of Association | Articles of Association of Yunnan Energy New Material Co., Ltd. |
| Designated information disclosure media | China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, and Cninfo
(www.cninfo.com.cn) |
| RMB, RMB10 thousand, RMB100 million | RMB, RMB10 thousand, RMB100 million |
| Reporting Period, this Reporting Period | January 1, 2024 to December 31, 2024 |
| Same period last year | January 1, 2023 to December 31, 2023 |
| Lithium-ion battery, lithium battery | Rechargeable battery, which mainly depends on the lithium ion moving between the positive and
negative electrodes. It generally uses materials containing lithium as the electrodes, and is the
representative of modern high-performance batteries |
| Lithium battery separator, the separator | In the structure of lithium battery, the separator is one of the key inner components. Its main function
is to separate the positive and negative electrodes of the battery, preventing the short circuit arising
from the contact between the two electrodes, current conduction and overheating |
| Base film, base separator | The separator immersed in the electrolyte of lithium battery is widely distributed with nano-scale
micropores on its surface for lithium ions to move freely between the positive and negative electrodes |
| Coating film, coated separator | The separator with coating treatment |
| Wet-process, wet-processing | A process technique of lithium battery separator, also known as phase separation process or
thermally induced phase separation process, is to add small molecules with high boiling point as
porogen to polyolefin, heat and melt them into a uniform state, extrude the casting sheet by screw,
extract the porogen with organic solvent after simultaneous or sequential biaxial stretching, and then
obtain microporous separator material through post-processing such as stretching heat setting
process |
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| Dry-process, dry-processing | Also known as melt-stretching process, including unidirectional stretching process, biaxial
stretching process and blow molding process. It refers to a preparation process of melting and
extruding polyolefin resin into crystalline thin polymer film, which is crystallized and annealed to
obtain a high crystallinity structure, and then further stretching at high temperature to peel off the
crystalline interface to form porous structure |
| Cigarette label | Cigarette packaging, commonly known as “cigarette pack” |
| Aseptic packaging | Composite packaging materials for aseptic filling of dairy products or non-carbonated soft drinks |
| Specialty paper | Specialty paper refers to the paper with special functions, a general term for all kinds of special
purpose paper or art paper. The term “specialty paper” in this report mainly refers to special
packaging paper |
| BOPP film | The separator made by stretching and processing (such as corona, coating, etc.) the thick film made
of polymer polypropylene melt at a certain temperature and speed in a special stretcher |
| Cigarette film | BOPP film used for the packaging of cigarette, also known as “BOPP cigarette film” |
| Flat film | BOPP film for general packaging, also known as “BOPP flat film” |
| Aluminum laminated film | Aluminum laminated composite film for lithium-ion pouch cell, a packaging material for lithium-
ion batteries, which protects the internal materials of lithium-ion batteries |
| Convertible Bonds, Energy Convertible Bonds | The convertible corporate bonds of RMB1.6 billion issued on February 11, 2020 with a code of
128095 |
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| Stock Name | Energy Technology | Stock Code | 002812 |
| Stock Name Prior to Change (If any) | Innovation Co., Ltd. | | |
| The Stock Exchange Where the Shares Are Listed | Shenzhen Stock Exchange | | |
| Name of the Company in Chinese | 云南恩捷新材料股份有限公司 | | |
| Short Name of the Company in Chinese | 恩捷股份 | | |
| Name of the Company in English (If any) | YUNNAN ENERGY NEW MATERIAL CO., LTD. | | |
| Short Name of the Company in English (If any) | ENERGY TECHNOLOGY | | |
| Legal Representative of the Company | Paul Xiaoming Lee | | |
| Registered Address | No.125, Fuxian Road, High-tech Zone, Yuxi City, Yunnan Province | | |
| Postal Code for Registered Address | 653100 | | |
| Historical Changes of the Registered Address of the
Company | No | | |
| Office Address | No.125, Fuxian Road, High-tech Zone, Yuxi City, Yunnan Province | | |
| Postal Code for Office Address | 653100 | | |
| Official Website | www.semcorp.com | | |
| Email | [email protected] | | |
II. Contact Information
| | Board Secretary | Securities Affairs Representative |
| Name | Yu Xue | |
| Correspondence Address | No.125, Fuxian Road, High-tech Zone, Yuxi City, Yunnan Province | |
| Telephone | 0877-8888661 | |
| Fax | 0877-8888677 | |
| Email | [email protected] | |
III. Information Disclosure and the Place Where the Annual Report is Kept
| The website of the stock exchange where the Company
discloses its annual report | Shenzhen Stock Exchange (www.szse.cn) |
| The names and websites of the media where the
Company discloses the annual report | Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily
and Cninfo (www.cninfo.com.cn) |
| The place where the annual report is kept | Securities Department of the Company |
IV. Changes of Registration
| Unified social credit code | 91530000727317703K |
| Changes of main businesses since the Company’s listing | When the Company was listed, its main businesses were divided into two categories:
(1) packaging materials: BOPP films (cigarette film and flat film) and specialty paper
products (laser transfer anti-counterfeiting paper, direct plating paper and cellophane); |
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| | (2) packaging printing products: mainly including cigarette label products and aseptic
packaging products. Upon the completion of major asset restructuring in 2018, the
Company’s main businesses were divided into three categories: (1) film products
(lithium battery separator and BOPP film); (2) packaging printing products (cigarette
label and aseptic packaging); and (3) packaging products (specialty papers, holographic
anti-counterfeiting electrochemical aluminum and other products). |
| Changes of controlling shareholders | Mr. Paul Xiaoming Lee and Ms. Sherry Lee, who are shareholders and actual controllers
of the Company and members of Xiaoming Lee’s family, signed the Power of Attorney
for Shareholding on January 14, 2020. Pursuant to the Power of Attorney, Ms. Sherry
Lee fully delegated the shareholders’ rights, such as rights to address inquiries, propose
and vote, in connection with all the shares she held in the Company, to her father Mr.
Paul Xiaoming Lee. After the signing of the above-mentioned Power of Attorney for
Shareholding, Mr. Paul Xiaoming Lee has become the single shareholder of the
Company with the largest number of shares with voting right, and the controlling
shareholder of the Company changed from Heyi Investment to Mr. Paul Xiaoming Lee.
At present, Mr. Paul Xiaoming Lee is still the controlling shareholder of the Company. |
V. Other Relevant Information
The accounting firm engaged by the Company
| The name of the accounting firm | RSM CHINA (Special General Partnership) |
| The office address of the accounting firm | Units 1001-1 to 1001-26, 10/F, Building 1, No.22 Fuchengmenwai Street, Xicheng
District, Beijing |
| The names of the accountants | Yao Rui, Yang Ganlin, Tian Guocheng |
The sponsor engaged by the Company to perform continuous supervision duties during the Reporting Period
?Applicable □Not applicable
| Name of sponsor | Office address of sponsor | Name of sponsor representative | Supervision duration |
| CITIC Securities Company
Limited | 21/F, CITIC Securities Tower,
No. 48 Liangmaqiao Road,
Chaoyang District, Beijing | Wang Jiaji and Liu Chunqin | From June 20, 2023 to December
31, 2024 |
The financial adviser engaged by the Company to perform continuous supervision duties during the Reporting Period
□Applicable ?Not applicable
VI. Key Accounting Data and Financial Indicators
Whether the Company is required to retroactively adjust or restate prior years’ accounting data
| | 2024 | 2023 | Increase or decrease in
this year compared to last
year | 2022 |
| Operating income (RMB) | 10,163,655,793.70 | 12,042,229,789.30 | -15.60% | 12,590,925,529.68 |
| Net profit attributable to the shareholders of
the listed company (RMB) | -556,317,501.09 | 2,526,688,570.92 | -122.02% | 4,000,461,964.37 |
| Net profit, net of the non-recurring gains or
losses, attributable to the shareholders of the
listed company (RMB) | -613,297,983.45 | 2,461,257,928.99 | -124.92% | 3,839,792,123.08 |
| Net cash flow generated from the operating
activities (RMB) | 1,158,249,055.10 | 2,667,453,259.32 | -56.58% | 503,587,598.66 |
| Basic earnings per share (RMB/share) | -0.57 | 2.68 | -121.27% | 4.48 |
| Diluted earnings per share (RMB/share) | -0.8733 | 2.5788 | -133.86% | 4.46 |
| Weighted average return on equity | -2.17% | 11.87% | -14.04% | 25.39% |
| | At the end of 2024 | At the end of 2023 | Increase or decrease at
the end of this year | At the end of 2022 |
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| | | | compared to the end of
last year | |
| Total assets (RMB) | 47,199,637,500.22 | 47,200,916,635.69 | 0.00% | 38,622,731,492.57 |
| Net assets attributable to the shareholders of
the listed company (RMB) | 24,471,229,555.06 | 26,926,495,494.24 | -9.12% | 17,726,202,872.37 |
The lower of the Company’s net profits before and after the deduction of non-recurring gains or losses for the last three fiscal years are
negative, and the audit report for the latest year shows that Company’s ability to continue as a going concern is uncertain
□Yes ?No
The lower of the net profit before and after the deduction of non-recurring gains or losses is negative
□Yes ?No
VII. Accounting Data Differences under Chinese and Overseas Accounting Standards
1. Difference between the net profits and net assets of the financial report disclosed in accordance with the
international accounting standards and the Chinese accounting standards
□Applicable ?Not applicable
There was no difference between the net profits and net assets of the financial report disclosed in accordance with the international
accounting standards and the Chinese accounting standards during the Reporting Period of the Company.
2. Difference between the net profits and net assets of the financial report disclosed in accordance with the
overseas accounting standards and the Chinese accounting standards
□Applicable ?Not applicable
There was no difference between the net profits and net assets of the financial report disclosed in accordance with the overseas accounting
standards and the Chinese accounting standards during the Reporting Period of the Company.
VIII. Key Financial Indicators by Quarter
Unit: RMB
| | Q1 | Q2 | Q3 | Q4 |
| Operating income | 2,327,574,815.97 | 2,455,666,764.51 | 2,681,433,947.72 | 2,698,980,265.50 |
| Net profit attributable to the shareholders of the listed
company | 158,141,200.24 | 132,886,152.20 | 152,472,211.35 | -999,817,064.88 |
| Net profit, net of the non-recurring gains or losses,
attributable to the shareholders of the listed company | 149,108,725.80 | 110,398,664.07 | 157,313,641.40 | -1,030,119,014.72 |
| Net cash flow generated from the operating activities | 455,833,032.02 | 1,553,077,396.86 | 744,197,734.96 | -1,139,026,076.72 |
Whether the above financial indicators or their sums are materially different from those disclosed in the quarterly and interim reports of
the Company
□Yes ? No
IX. Items and Amounts of Non-Recurring Gains or Losses
?Applicable □Not applicable
| Item | 2024 Amount | 2023 Amount | 2022 Amount | Remarks |
| Gains and losses from the disposal of non-current assets | -636,682.57 | -2,635,244.01 | -4,869,891.53 | |
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| (including the write-down of the provision for impairment
of assets) | | | | |
| Government subsidies recognized in current profit or loss
(except for those closely related to the Company’s normal
business and are in line with national policies and in
accordance with defined criteria that have a continuing
impact on the Company’s profit or loss) | 86,288,377.95 | 91,546,051.06 | 171,995,624.29 | |
| Gains or losses from changes in fair value arising from
financial assets and financial liabilities held by non-financial
corporation, and gains or losses from disposal of financial
assets and financial liabilities, excluding the effective
hedging business related to the Company’s normal business
operations | 124,692.63 | 15,433,062.02 | 21,836,255.17 | |
| Gains or losses on entrusted investments or assets
management | | | 27,838,099.70 | |
| Reversal of the provisions for impairment of receivables
subject to separate impairment test | 2,384,991.32 | 102,906.06 | 2,078,410.35 | |
| One-off share-based payment recognized as a result of
cancellation and modification of the share incentive scheme | | -21,942,152.71 | | |
| Non-operating income and expenses other than above-
mentioned items | -2,924,642.41 | -44,249.00 | 818,785.95 | |
| Other items within the definition of non-recurring gains or
losses | 461,445.22 | 589,416.97 | 5,824,344.40 | |
| Less: Effect of the income tax | 21,424,545.54 | 12,614,212.47 | 56,380,407.08 | |
| Effect of minority equities (after tax) | 7,293,154.24 | 5,004,935.99 | 8,471,379.96 | |
| Total | 56,980,482.36 | 65,430,641.93 | 160,669,841.29 | -- |
Details of other profit or loss items that fall within the meaning of non-recurring gain or loss: □Applicable ?Not applicable
The Company has no details of other profit or loss items that fall within the meaning of non-recurring gain or loss.
The reason for the Company to define the non-recurring profit or loss items illustrated in the Information Disclosure and Presentation Rules
for Companies Making Public Offering of Securities No.1 – Non-recurring Profit or Loss as recurring profit or loss items
□Applicable ?Not applicable
The Company did not define the non-recurring profit or loss items illustrated in the Information Disclosure and Presentation Rules for
Companies Making Public Offering of Securities No.1 – Non-recurring Profit or Loss as recurring profit or loss items.
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
Section 3 Management Discussion and Analysis
I. Industry Overview of the Company during the Reporting Period
The Company shall comply with the disclosure requirements set out in “Rubber and Plastic Products Manufacturing” under “Chemical
Industry Related Business” in the Self-Regulatory Guidelines No. 3 for Companies Listed on Shenzhen Stock Exchange – Industry Information
Disclosure.
1. Industry conditions and the industry position of the Company With increasing global attention on green, low-carbon, and sustainable development, more than 150 countries set ambitious goals for
carbon neutrality. At the United Nations Climate Change Conference, nearly 200 countries reached a milestone agreement – “UAE Consensus,”
marking the first consensus in nearly three decades on transitioning the energy system from fossil fuels to clean energy. Countries have
intensified efforts to promote the development of the new energy industry. Guided by China’s national strategic goals of carbon neutrality and
carbon peaking, the new energy vehicle and energy storage industries have maintained the rapid development momentum, although the growth
rate has slowed down, and the capacity of various subsectors has been continuously released, with competition intensified. As one of the four
key materials of lithium batteries, lithium battery separators are widely used in electric vehicles, consumer electronics, energy storage batteries,
and other fields, playing a pivotal role in driving the development of China’s and even global new energy industries.
According to the EV TANK’s White Paper on China Lithium-Ion Battery Separator Industry Development (2025), as of the end of 2024,
the Company’s market share has ranked first in the market for seven consecutive years. As a leading company in the lithium battery separator
industry, the Company not only possesses significant competitiveness in global production capacity, product quality, cost-effectiveness, and
technological R&D, but also has successfully entered the supply chain system of the world’s mainstream lithium battery manufacturers. Our
products cover the three major fields of power battery, consumer battery, and energy storage battery, with abundant application scenarios. In
2024, the Company maintained its leading position in the industry, with both production capacity and shipment volume of separator products
ranking first in the industry.
2. Industry development trends
The global new energy automobile industry and the energy storage market are still growing, in which the growth rate of power class
lithium batteries has slowed down in stages. Competition across the industry is fierce, but the energy storage market has seen significant growth
in both market size and demand. According to SNE Research, the global power battery installed capacity amounted to 894.4GWh in 2024, a
year-on-year growth of 27.2%. According to ICCSINO, the global shipment of energy storage batteries reached 314.7GWh in 2024, with a
year-on-year growth of 60%. The continuous expansion of the market scale of the lithium battery industry has promoted the development of
lithium battery separator. However, with the intensive capacity expansion in the lithium battery separator industry in recent years, market
competition has intensified. Coupled with strengthened cost control measures of downstream lithium battery manufacturers, separator product
prices have been on a downward trend, squeezing industry profit margins. The White Paper on China Lithium-Ion Battery Separator Industry
Development (2025) released by EV Tank shows that China’s lithium-ion battery separator shipments reached 22.8 billion square meters in
2024, up 28.6% year on year.
(1) The separator industry has vast market potential and high requirements for scale and localization
From a global perspective, China has taken the lead in the electric and intelligent development of vehicles, while overseas regions such
as Europe and America are rapidly catching up. Given the enormous growth potential of new energy vehicle and lithium battery markets,
especially the energy storage market, GGII data show that, by 2030, the global shipments of new energy passenger vehicles, commercial
vehicles, and energy storage batteries are expected to exceed 2,000 GWh, nearly 700 GWh, and 1,400 GWh, respectively. Emerging application
fields, such as construction machinery, ships, aircraft, and “smart-driven application scenarios,” are also expected to generate demand of over
100 GWh by 2030. The penetration rate of new energy vehicles in overseas markets is still lower compared to Chinese markets; therefore, the
growth rate of overseas markets is expected to surpass that of Chinese markets in the future. Lithium battery separator is an indispensable key
raw material in the manufacture of lithium batteries. Maintaining stable and reliable localized production capacity and product quality are the
important cornerstones for separator enterprises to undertake large-scale orders from downstream customers. The Company keeps deepening
its partnerships with top clients around the world. Leveraging our global production capacity, product quality and global service capabilities,
industry-leading technological R&D and patent advantages, we continue to expand our global market share and consolidate our position as a
global industry leader.
(2) We enhance innovation capacity and actively improve product and customer structure Lithium batteries are the core components of new energy vehicles. As the market gradually transitions from policy-oriented to market-
driven, manufacturers have increasingly stringent requirements for key performance attributes of lithium batteries, such as safety, range
capacity, and service life. The continuous advancement of lithium battery technology imposes higher requirements on the performance
improvement and technological iteration of separator products. Therefore, separator companies that possess core technologies and independent
R&D and innovation capabilities will have better development prospects and potential. The application scenarios of lithium batteries are
constantly expanding. In the future, applications such as low-altitude economy, robotics, etc. will further increase the market size of lithium
battery and lithium battery separator.
The competition in the separator industry has become increasingly fierce, and technological innovation, development of new products
and iterative upgrading of products have become one of the trends in the development of separator companies. Coating inorganic ceramic
materials, PVDF, aramid, and other materials on the base film can effectively enhance the puncture resistance and heat resistance of lithium
battery separators, improving the safety and service life of batteries. Compared with base films, coating films are better able to meet the key
performance requirements of lithium batteries for separators, offering higher product added value. Therefore, separator companies that possess
the core technology of high-quality coating films have better development prospects, and increasing the shipment volume of coating films
helps enhance the comprehensive profitability. Meanwhile, separator companies need to develop new products such as ultra-thin separator
products, fast-charging separator products and semi-solid electrolyte products, to improve the temperature resistance, mechanical strength and
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| Date | Issuing Authority | Name of Policy or Regulation | Main Content |
| August
2022 | Nine departments
including MOST,
NDRC and MIIT | Implementation Plan for
Carbon Peak and Carbon
Neutrality Supported by
Science and Technology
(2022-2030) | It proposes the action plan for low-carbon and zero-carbon technology
research in urban and rural construction and transportation, focusing on recent
breakthroughs in basic research in key areas such as new energy development
and cutting-edge energy storage. |
| November
2022 | MIIT, SAMR | Notice on the Coordinated and
Stable Development of Lithium-
Ion Battery Industry Chain and
Supply Chain | It guides lithium battery enterprises to moderately expand production scale as
needed under the premise of stable supply of key materials, sufficient
investment in R&D innovation, and adequate supporting funds. It is important
to optimize the industrial regional layout, avoid low-level homogeneous
development and vicious competition, and establish a development pattern led
by innovation, prioritizing technology, fair competition, and orderly
expansion. |
| January
2023 | MIIT | Guiding Opinions on Promoting
the Development of the Energy
Electronics Industry (Draft for
Comments) | It promotes the intelligent upgrading of basic material production, enhances
the production of silicon materials, silicon wafers, energy storage battery
materials, and high-performance batteries, and improves the mechanization
and automation levels of packaging, storage, and transportation to enhance
product consistency and stability. |
| February
2023 | Eight departments
including MIIT | Notice on Organizing and
Carrying Out the Pilot Work of
Pioneering Zones for
Comprehensive Electrification of
Public Sector Vehicles | The goal is to significantly increase the level of electrification for vehicles,
aiming to reach 80% in urban public transportation, taxis, sanitation, postal
and express delivery, and urban logistics distribution sectors. |
| June 2023 | MIIT, MOF, MOC,
GAC, and SAMR | Decision on Amending the
Measures for the Parallel
Administration of the Average
Fuel Consumption and New
Energy Vehicle Credits of
Passenger Car Enterprises | It adjusts the method of point calculation and the upper limit of points,
establishes a flexible point trading mechanism, explores the establishment of
a points pool system, and optimizes other points management systems. |
2024 Annual Report of Yunnan Energy New Material Co., Ltd.
| June 2023 | MOF, STA, MIIT | Announcement on Renewal of
the Vehicle Purchase Tax
Exemption Policy for New
Energy Vehicles | During the period from 1 January 2024 to 31 December 2025, new energy
vehicles are exempt from vehicle purchase tax, with each new energy
passenger car eligible for a tax exemption of up to RMB30,000 |
| September
2023 | NDRC, NEA | Basic Rules for Electricity
Spot Markets (Trial) | The goal is to enhance the adjustment capacity of the power system, promote
the consumption and absorption of renewable energy, and facilitate the
transformation of the power system towards a clean, low-carbon, safe, and
efficient direction. |
| January 2024 | NDRC, NEA, MIIT,
SAMR | Implementation Opinions on
Strengthening the Integration and
Interaction Between New Energy
Vehicles and the Power Grid | By 2025, China’s vehicle-network interaction technology standard system is
initially completed, and the charging peak and valley tariff mechanism is fully
implemented and continuously optimized. By 2030, China’s vehicle-network
interaction technical standard system is basically completed. It enhances the
key technology research of the power battery, and increases the cycle life of
the power battery to 3,000 times and above on the basis of not significantly
increasing the cost. |
| March 2024 | The State Council | Action Plan for Promotion of
Large-Scale Equipment
Replacement and Trade-in of
Consumer Goods | To carry out automobile trade-in, enhance policy support, clear circulation
blockages, and promote the consumption of automobiles on a step-by-step
basis, as well as the consumption of newer vehicles. To support the renewal
of transportation equipment and old agricultural machinery, promote the
replacement of urban buses with electric ones, and support the upgrade of old
new energy buses and power batteries. To accelerate the phasing out of diesel
trucks operating under the National III emission standard and below;
strengthen capacity building for the industrialization of electric, hydrogen and
other green aviation equipment; accelerate the scrapping and renewal of old
ships with high energy consumption and high emissions, strongly support the
development of new energy-powered ships, improve the supporting
infrastructure and standards for new energy-powered ships, and gradually
expand the scope of application of new energy-powered ships, such as those
powered by electric power, liquefied natural gas, bio-diesel and green
methanol. |
| June 2024 | MIIT | Standard Conditions for Lithium-
ion Battery Industry (2024
Edition) | To guide enterprises to strengthen technological innovation, improve product
quality and reduce production costs, specify the product performance indexes
such as energy density, power density, cycle life, capacity retention rate, etc.
of power batteries, energy storage batteries and battery packs. |
| | European Parliament
and Council | Net-Zero Industry Act
(Regulation (EU) 2024/1735) | By 2030, the manufacturing capacity for EU-based net-zero technologies
(such as solar panels, wind turbines, batteries and heat pumps) shall reach 40%
of deployment needs, and by 2040, the EU shall reach 15% of global
production in these technologies. The Act provides for a number of initiatives
to increase investment in green technologies, including streamlining the
licensing process for strategic projects and using public procurement and
renewable energy auctions to enhance market access for strategic technology
products. |
| July 2024 | NDRC | Several Measures to Enhance
Support for Large-scale
Equipment Renewal and Trade-
in of Consumer Goods | On the basis of the Implementation Rules of the Automobile Replacement
Subsidy, for individual consumers who scrap fuel passenger cars of national
III and below emission standard or new energy passenger cars registered
before April 30, 2018 (inclusive), and purchase new energy passenger cars or
fuel passenger cars with a displacement of 2.0 liters and below, the subsidy
standard is raised to RMB20,000 for the purchase of new energy passenger
vehicles, and RMB15,000 for the purchase of fuel vehicles with a
displacement of 2.0 liters and below. |
| | European Parliament
and Council | EU Electricity Market Reform
(Regulation (EU) 2024/1747) | In response to rising electricity prices due to natural gas prices, electricity
market reforms in the European Union aim to reduce the dependence of
electricity prices on volatile fossil fuel prices, protect consumers from price
spikes, accelerate the deployment of cleaner electricity, such as renewable
energy, and incentivize cleaner energy transitions. Key initiatives include: 1)
indirectly driving energy storage development through the promotion of long-
term power purchase agreements (PPAs) and contracts for difference (CFDs),
and investment in renewable energy; and 2) adopting non-fossil flexibility
support system of “pay for capacity available,” which will allow flexible
resources to fully meet clean energy goals, or directly increase the revenues of
storage units and promote the development of energy storage. |
| September
2024 | NDRC, NEA | Notice on Promoting Pilot Work
on Large-scale Vehicle Network
Interactive Applications | To expand the scale of bidirectional charging and discharging (V2G) projects,
and enrich the application scenarios of vehicle-network interaction in
accordance with the principle of “innovative guidance, early and pilot
implementation,” comprehensively promote the orderly charging of new
energy vehicles, and guide the large-scale development of vehicle-network
interaction with market-oriented mechanism, improving the scale and
sustainable vehicle-network interaction policy mechanism based on cities, and
exploring the business model with advanced technology, clear model and
replicable promotion based on V2G projects. Regions participating in the pilot
program shall fully implement the charging peak and valley time-sharing
tariffs, and strive to have more than 60% of the annual charging electricity |
2024 Annual Report of Yunnan Energy New Material Co., Ltd. （未完）
