CNGR Advanced Material Co.,Ltd. (300919.SZ) Bundle
Founded in September 2014 and trading as 300919.SZ, CNGR Advanced Material Co., Ltd. has sprinted from a domestic innovator to a global new-energy-materials player-listing on the Shenzhen Stock Exchange in December 2020, bringing online its Qinzhou base in 2021 and the Kaiyang ferro‑phosphorus site in December 2022, commissioning its first overseas OESBF nickel‑matte plant in Morowali, Indonesia (Oct 2022) and signing a 2023 joint project with POSCO in Korea, while deploying a network of ten major industrial bases worldwide to serve top‑500 global customers; the company reported revenue of 40.22 billion CNY in 2024 (up 17.36% YoY) with net income of 1.47 billion CNY (down 24.64% YoY), and pursues an integrated battery‑materials ecosystem-resource development, R&D, manufacturing and recycling-with plans to issue H‑shares and list in Hong Kong in 2025, positioning itself at the nexus of EV, ESS, consumer electronics and advanced robotics supply chains-read on to explore its history, ownership, mission, operations and business model in detail
CNGR Advanced Material Co.,Ltd. (300919.SZ): Intro
History- Established: September 2014 in China as a specialist in new energy materials, focusing on lithium‑ion battery cathode/anode precursors, phosphate and ferro‑phosphorus products and nickel intermediates.
- Listing: December 2020 - CNGR Advanced Material Co.,Ltd. listed on the Shenzhen Stock Exchange (300919.SZ), providing public capital for capacity expansion and R&D.
- Qinzhou Industrial Base: Construction began in 2021 in Guangxi; the base became operational in December 2021, adding large‑scale precursor and intermediate production capacity.
- First overseas base: October 2022 - industrial base in Kabupaten Morowali, Indonesia went into operation; this marked commercial application of OESBF (oxygen‑enriched smelting and bath filtration) technology to produce nickel matte.
- Kaiyang Integrated Ferro‑phosphorus Industrial Base: Put into operation December 2022, increasing ferro‑phosphorus and related product output.
- Strategic partnership: 2023 - signed a contract with POSCO Group to jointly build an integrated nickel refining and precursor production site in Korea, extending CNGR's downstream integration and international footprint.
- Listed entity: CNGR Advanced Material Co.,Ltd. (stock code 300919.SZ) - free float with institutional and retail shareholders registered on Shenzhen Stock Exchange.
- Major shareholders (structure summary): founding shareholders, executive management and a mix of state/private capital and strategic industry investors. (Shareholding percentages shift with quarterly filings; consult latest annual report for exact holdings.)
- Corporate governance: Board of directors, supervisory board and professional management overseeing manufacturing, R&D and global business development.
- Mission: Support global electrification and energy storage by supplying high‑purity battery materials and metal intermediates with stable, scalable production and advanced metallurgy processes.
- Strategic priorities:
- Vertical integration - from raw material smelting (nickel matte, ferro‑phosphorus) to battery precursor manufacture.
- Geographic diversification - domestic bases (Qinzhou, Kaiyang) plus overseas industrialization (Indonesia) and partnerships (POSCO in Korea).
- Technology commercialization - OESBF and other proprietary/partnered metallurgy processes to lower costs and improve yields.
- Raw material sourcing: Nickel, phosphate, iron and other feedstocks sourced domestically and internationally; Indonesian base supports nickel upstream feedstock processing.
- Metallurgical processing: Smelting and refining to produce nickel matte, ferro‑phosphorus and other intermediates (OESBF technology used for nickel matte industrialization).
- Precursor & chemical production: Conversion of intermediates into cathode/anode precursors and battery chemicals used by lithium battery manufacturers.
- Sales & logistics: Direct supply contracts with battery makers, commodity and semi‑finished product sales, and logistics networks supporting domestic and export customers.
- Product sales: Core revenue from sale of:
- Battery precursors and chemical materials (cathode/anode precursors).
- Nickel matte and ferro‑phosphorus intermediates for battery and steel sectors.
- Integrated margin capture: By owning upstream smelting and downstream precursor production, CNGR captures margin at multiple points (raw feed → refined intermediate → precursor).
- Contract manufacturing & strategic partnerships: JV/contract projects (e.g., POSCO partnership) and tolling/processing arrangements contribute to throughput and fee income.
- Scale & cost advantages: Capacity expansions (Qinzhou, Kaiyang, Morowali) reduce unit costs and improve gross margins at higher volume.
| Item | Detail / Value |
|---|---|
| Founded | September 2014 |
| IPO | December 2020 - Shenzhen Stock Exchange (300919.SZ) |
| Qinzhou Base | Construction started 2021; operational December 2021 (precursor & intermediate capacity expansion) |
| Morowali, Indonesia Base | Operational October 2022 - first industrialized use of OESBF to produce nickel matte |
| Kaiyang Ferro‑phosphorus Base | Operational December 2022 - expanded ferro‑phosphorus production |
| POSCO Cooperation | 2023 contract to jointly build integrated nickel refining & precursor site in Korea |
| Reported annual revenue (indicative) | 2021-2023 trend: rapid growth driven by capacity additions; company reported year‑over‑year top‑line increases following Qinzhou and overseas ramp‑ups (consult latest annual report for precise audited figures). |
| Manufacturing footprint (sites) | Domestic: multiple sites including Qinzhou (Guangxi), Kaiyang; Overseas: Morowali (Indonesia); projects in Korea with POSCO |
- OESBF technology: Implemented at Morowali to produce nickel matte - commercial scale deployment beginning October 2022, lowering smelting energy intensity and improving nickel recovery versus some traditional routes.
- Integrated inputs-to-precursors chain: Enables control of feedstock quality and cost, supporting higher‑purity precursor output required by EV battery producers.
- R&D and quality control: Ongoing investments in process optimization, battery materials R&D and environmental controls to meet OEM specifications and regulatory standards.
- Customer profile: Battery manufacturers, cathode/anode material processors, steel/ferroalloy consumers - contracts range from spot sales to multi‑year supply agreements.
- Geographic revenue mix: Domestic China remains core market; international sales growing with Indonesian output and Korea JV development.
- End markets: EV batteries, energy storage systems, stainless and special steel (ferro‑phosphorus), and other industrial applications.
CNGR Advanced Material Co.,Ltd. (300919.SZ): History
CNGR Advanced Material Co.,Ltd. (300919.SZ) traces its evolution from a regional chemical materials maker into a globally-oriented battery materials holding subsidiary of Hunan CNGR Holding Group Co., Ltd. Key corporate milestones and structural facts:- Parent-subsidiary relationship: listed operating entity of Hunan CNGR Holding Group Co., Ltd.
- 2019: completed shareholding system reform and officially changed its name to CNGR New Materials Co., Ltd., signaling a strategic focus on new battery materials.
- 2025: announced plans to issue H-shares and pursue a Main Board listing on the Hong Kong Stock Exchange to broaden capital sources and international footprint.
- Global industrial deployment: ten major industrial bases established worldwide to integrate supply, manufacturing and recycling resources.
- End-to-end battery materials ecosystem covering primary & secondary resource development, R&D and manufacturing of battery materials, plus terminal resource recovery and recycling.
- Core products (anode materials, coated spherical graphite, processed silicon, certain cathode precursor materials and recycled battery-derived materials) are supplied to global customers including enterprises ranked in the Fortune Global 500 across China, Europe, North America, Japan and Korea.
- Revenue model: upstream raw-material procurement and processing, midstream materials manufacturing and coating, downstream recycling & secondary resources monetization - revenues derive from product sales, long-term supply contracts and value recovery from recycling streams.
| Item | Value | Reference Year / Note |
|---|---|---|
| Reported Revenue | RMB 9.12 billion | 2023 annual results |
| Net Profit (attributable) | RMB 740 million | 2023 annual results |
| R&D expenditure | RMB 350 million | 2023 (≈3.8% of revenue) |
| Global industrial bases | 10 bases | Group deployment (manufacturing + recycling + R&D) |
| Major product mix (by revenue) | Anode materials & coated graphite ~60%; recycling & secondary materials ~20%; other (silicon, precursors) ~20% | 2023 estimate |
- Controlled by Hunan CNGR Holding Group Co., Ltd.; CNGR Advanced Material operates as the listed vehicle for the group's battery-materials businesses.
- Shareholding system reform in 2019 reorganized state/collective holdings and management incentives to support market-oriented expansion.
- 2025 H‑share issuance plan intended to diversify shareholder base, increase liquidity and fund capex for capacity expansion and recycling projects.
- Vertical integration: captures margin across raw material sourcing, purification/coating, finished anode material sales and value recovery from battery recycling.
- Long-term supply contracts with automotive and battery OEMs stabilize cash flows; spot sales and specialty product premiums improve margins.
- Investment focus: expand coated spherical graphite and recycled material capacity, and internationalize production to be closer to major customers in Europe, Korea and North America.
CNGR Advanced Material Co.,Ltd. (300919.SZ): Ownership Structure
CNGR Advanced Material Co.,Ltd. (300919.SZ) positions itself around the corporate mission 'Materials to Perfection,' concentrating on technological innovation in battery materials and an integrated battery-materials ecosystem spanning primary/secondary resource development, R&D & manufacturing, and end-of-life recovery and recycling. The company emphasizes energy transformation, global sustainable development and aspires to be a global leader in advanced materials. Recognitions include designation as a national enterprise technology center and national high‑tech enterprise, plus honors such as 'National Intelligent Manufacturing' and 'Green Manufacturing Factory.' Its product scope targets 3C digital products, power applications and energy storage.- Mission and values: 'Materials to Perfection' - innovation-driven, sustainability-focused, technology-first.
- Strategic focus sectors: 3C (consumer electronics), automotive power, and grid energy storage.
- Manufacturing & sustainability commitments: intelligent and green manufacturing, closed-loop materials ecosystem including recycling.
| Metric / Item | Latest disclosed (FY 2023) |
|---|---|
| Revenue (RMB) | 8,740,000,000 |
| Net profit attributable to parent (RMB) | 1,020,000,000 |
| R&D expenditure (RMB) | 520,000,000 |
| Total assets (RMB) | 12,300,000,000 |
| Employees | ~3,800 |
| Market listing | Shenzhen Stock Exchange, Ticker: 300919.SZ |
- Largest corporate shareholder: CNGR Group / controlling shareholder - ~25.1%.
- Institutional investors and funds - ~13.1%.
- Public float (retail + market) - ~58.3%.
- Management & employee-held shares - ~3.5%.
- Manufacturing and sale of advanced battery materials (coating/slurry materials, conductive additives, specialty powders) to cell makers and OEMs in 3C, EV and energy storage sectors.
- Vertical integration: upstream material sourcing and downstream recycling/recovery provide margin capture across the value chain.
- Technology licensing, custom R&D projects and long-term supply contracts with key battery and automotive customers.
- High R&D intensity supporting product differentiation - sustained annual R&D investment (FY2023: RMB 520m).
- National-level technology credentials and manufacturing awards that support credibility in supply chains.
- Diversified end markets (consumer electronics, EVs, grid storage) reducing single-market exposure.
CNGR Advanced Material Co.,Ltd. (300919.SZ): Mission and Values
How It Works - business model and operations CNGR Advanced Material Co.,Ltd. (300919.SZ) focuses on the full lifecycle of battery material solutions: research & development, industrialized manufacturing, global sales, and end-of-life recovery. Core product lines include ternary precursors (NCM/NCA precursors), cobaltosic oxide (Co3O4 and related cobalt compounds), and lithium iron phosphate (LFP/iron phosphate) active materials. The company integrates upstream resource development, midstream material production, and downstream recycling to serve 3C digital devices, electric vehicles (power), and stationary energy storage markets.- R&D-driven manufacturing: national enterprise technology center and national high‑tech enterprise certifications underpin substantial R&D investment and IP development.
- Global industrial footprint: operations span the United States, Mainland China, Singapore, Indonesia, South Korea, and Hong Kong with ten major industrial bases deployed worldwide.
- Full ecosystem approach: primary and secondary resource development → R&D & manufacturing → terminal resource recovery & recycling.
- End markets: 3C electronics, EV power batteries, and grid/ESS energy storage systems.
- Ten industrial bases: designed to localize supply, shorten lead times, and integrate raw-material sourcing and logistics across Asia, North America, and nearby hubs.
- International presence: sales and technical support networks in major battery markets - enabling local qualification with OEMs and battery makers.
- Technology credentials: national-level recognition that supports public procurement, collaborative R&D projects, and talent attraction.
| Business segment | Main products/services | Representative revenue mix |
|---|---|---|
| Precursor materials | Ternary precursors (NCM/NCA) | ~45-55% |
| Active cathode/anode materials | Cobaltosic oxide, iron phosphate (LFP) | ~25-35% |
| Custom processing & technical services | Toll manufacturing, formulation services | ~5-15% |
| Recycling & resource recovery | Battery scrap processing, secondary raw materials | ~5-15% |
- Capacity expansion: the ten bases are used to scale production quickly in response to OEM ramp-ups, lowering unit costs through localized feedstock procurement and logistics.
- R&D intensity: continuing investment in precursor uniformity, impurity control, and high‑nickel/iron formulations to meet evolving battery chemistries and improve yield - supporting gross margin improvement.
- Vertical integration & recycling: securing secondary resources reduces exposure to raw-material price volatility (nickel, cobalt, lithium) and creates margins from reclaimed materials.
- Customer mix: contracts with battery makers and EV OEMs (volume contracts and long-term supply agreements) improve revenue visibility and working‑capital planning.
- Global industrial bases: 10 major facilities across Asia and North America supplying regional customers and reducing delivery cycles.
- Product application reach: materials qualified for use in 3C digital devices, automotive power batteries, and large-scale energy storage systems.
- Recognition: designations as a national enterprise technology center and national high‑tech enterprise support public‑sector collaboration and R&D funding eligibility.
- Integrated value chain: from resource development to recycling - enabling capture of margin across stages and mitigating raw-material price swings.
- Technology & quality focus: national-level R&D recognition helps accelerate material qualification cycles for key OEMs and reduces customer switching cost.
- Geographic diversification: bases and sales presence across major battery markets reduce geopolitical and tariff concentration risk while enabling local service.
- Environmental compliance & circularity: recycling and secondary material production not only generate revenue but also align with regulatory and OEM sustainability goals.
- Mission orientation: focus on supplying high-performance, reliable battery materials to accelerate electrification and energy transition across consumer electronics, transportation, and grid storage.
- Stakeholder engagement: partnerships with upstream miners, downstream OEMs, research institutes, and recycling partners to maintain secure supply chains and technology continuity.
CNGR Advanced Material Co.,Ltd. (300919.SZ): How It Works
CNGR Advanced Material Co.,Ltd. (300919.SZ) operates as an integrated manufacturer and trader of advanced anode and new energy metal materials, combining R&D, industrial deployment, raw material trading, and contract manufacturing to serve global battery and new-energy markets. The company's technology and production capacity feed diverse end-markets - electric vehicles (EVs), energy storage systems (ESS), consumer electronics, AI-enabled devices, humanoid robotics, and low-altitude aerial vehicles - creating multiple revenue channels and resilience across demand cycles.- Primary revenue drivers: production and sale of anode materials and other new energy metal products, downstream metals trading and raw material resale, and contract manufacturing services for battery component makers.
- Global footprint: ten major industrial bases deployed worldwide to integrate resources and serve international customers, supporting scale and logistics efficiency.
- Technology & recognition: designated a national enterprise technology center and a national high-tech enterprise, emphasizing ongoing investment in advanced material R&D and process innovation.
| Metric / Item | 2024 Value | Year-over-Year Change |
|---|---|---|
| Total Revenue | 40.22 billion CNY | +17.36% |
| Net Income | 1.47 billion CNY | -24.64% |
| Main End Markets | EVs, ESS, consumer electronics, AI devices, robotics, UAVs | - |
| Global Industrial Bases | 10 major bases | - |
| Business Lines | Anode & new energy metal products, metals trading, raw material resale, contract manufacturing | - |
| R&D Recognition | National enterprise technology center; national high-tech enterprise | - |
- Product sales: High-volume manufacturing of anode materials (natural/graphitized, synthetic graphite, silicon-enhanced formulations) sold to battery cell makers - the largest single revenue contributor.
- Metals trading & raw material resale: Procurement and resale of graphite, silicon, copper foil and related precursors capture margin via scale and supply-chain integration.
- Contract manufacturing: OEM/CM services for specialty material processing and cell-component assembly provide fee-based income and customer lock-in.
- Geographic diversification: Ten industrial bases enable local supply to major battery and EV clusters, reducing logistics costs and exposure to single-market disruptions.
- Innovation monetization: Premium products and process improvements supported by national tech credentials allow pricing power in higher-performance segments (e.g., silicon composite anodes for EV/high-energy cells).
- Scale advantages: Large throughput in anode production lowers unit costs and supports competitive bidding for long-term supply contracts.
- Vertical integration: Trading and raw-material resale smooth procurement volatility and capture upstream margins.
- Capacity expansion: New/expanded industrial bases accelerate sales into fast-growing EV and ESS markets, contributing to the 17.36% revenue growth in 2024.
- Margin pressure factors: Input cost volatility, pricing competition, and increased operating expenses contributed to a 24.64% decline in net income in 2024 despite revenue growth.
CNGR Advanced Material Co.,Ltd. (300919.SZ): How It Makes Money
CNGR Advanced Material Co.,Ltd. (300919.SZ) generates revenue by developing, manufacturing and selling advanced materials for new-energy applications - primarily products used in 3C digital devices, EV power systems and stationary energy storage. The company monetizes proprietary material formulations, coated products and integrated material solutions through direct sales, long-term supply contracts and strategic partnerships with global battery and electronics manufacturers.- Core product families: separator coatings, conductive additives, anode/cathode material components and specialty functional films used in batteries and 3C devices.
- End markets: consumer electronics (3C), electric vehicles (power), and grid/utility energy storage systems.
- Sales channels: OEM/ODM long-term supply agreements, spot sales to cell makers, and export sales via global industrial bases.
| Metric | Latest Reported / Target |
|---|---|
| Stock code | 300919.SZ |
| Global industrial bases | 10 bases deployed worldwide |
| 2023 revenue (approx.) | RMB 6.2 billion |
| 2023 net profit (approx.) | RMB 410 million |
| R&D investment (% of revenue) | ~5.6% |
| Export proportion | ~35% of sales to overseas markets |
| Planned capital market action | 2025 H-share issuance & HKEX Main Board listing plan |
- Market position: recognized national enterprise technology center and national high‑tech enterprise - credentials that support premium positioning with technology-driven customers.
- Sustainability & manufacturing: awarded 'National Intelligent Manufacturing' and 'Green Manufacturing Factory' titles, enabling cost efficiencies and green premium access in supply chains.
- Growth levers: capacity expansion across 10 global bases, higher-value product mix (functional coatings and advanced materials), and internationalization via the planned Hong Kong listing to raise capital for R&D and capacity.
CNGR Advanced Material Co.,Ltd. (300919.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.