Packaging / Advertising & Office

On August 20, Hurun announced the world's top 500 list. The cigarette packaging company that emerged from Yunnan has transformed into a "leading lithium battery separator industry" Enjie shares and successfully entered the world's top 500 list.

"Jie has become Hurun's latest Fortune 500, which is a bit exaggerated..." In En Jie, some investors seem incredible that En Jie has been selected on the list.

Enjie's predecessor was Yunnan Innovation New Materials Group (Yunnan Innovation) established in 2001. In 2010, through capital increase and equity transfer, the Li Xiaoming family became its actual controller. According to the Hurun Global Rich List in 2021, the Li Xiaoming family became the richest man in Yunnan with a fortune of 58 billion yuan, ranking 290th on the list.

In September 2016, Yunnan Innovation successfully landed on the A-share market, and the stock is referred to as Innovation Shares. At that time, Chuangxin shares were mainly engaged in comprehensive packaging and printing business including special paper and cigarette labels. The cigarette label customers were mainly large domestic cigarette manufacturers.

In May 2017, Chuangxin shares acquired 90.08% of Shanghai Enjie through the issuance of shares, and formally entered the field of lithium battery isolation membranes. The premium of this transaction was more than 3 times and was completed in 2018, and the company changed its name to Enjie shares.

Since then, Enjie has also successively acquired 100% equity of Jiangxi Tongrui, 100% equity of Shenzhen Qingsong, 100% equity of Suzhou Jieli, and 76.3574% equity of Chongqing Niumi, etc., and plans to acquire Shanghai Enjie remaining in two steps. Under the 9.92% stake. Some of these mergers and acquisitions are still in progress. If they are all successfully completed, they will cost more than 3 billion yuan.

Since the beginning of this year, Enjie has accelerated the pace of investment, and several large investments have been intensively announced.

On August 3, Enjie issued two announcements in succession, announcing the establishment of a joint venture company with Yiwei Lithium Energy (300014.SZ) in Jingmen to build a wet-process lithium-ion battery isolation film and coating with an annual production capacity of 1.6 billion square meters. The cloth membrane project, the planned total investment is 5.2 billion yuan; and the establishment of a joint venture company with Shengli Precision (002426.SZ) to acquire Suzhou Fortune Technology Co., Ltd. and JOT Automation Ltd (hereinafter collectively referred to as the "target company").

On the evening of August 18, Enjie announced that the company intends to establish the new energy Shanghai management headquarters, Enjie Research Institute and overseas operation headquarters in Shanghai Pudong Jinqiao Development Zone. The total project investment is expected to not exceed 1.72 billion yuan.

On August 19, when answering questions from investors, the company secretary stated that the Hungary project plans to build 4 film production lines and more than 30 coating lines, with an annual production capacity (planned) of about 400 million square meters. Construction is currently underway. It is expected that the plant will be completed by the end of 2022, and then the adjustment equipment will be installed. Mass production will begin before the end of the first quarter of 2023.

In the field of global lithium battery separators, Enjie is the industry leader, which has reversed my country's dependence on imports in the field of wet process separators. In the global wet process diaphragm market, Enjie has a market share of 11%, ranking first in the world. In the domestic market, Enjie's share is expected to exceed 50%, occupying a monopoly position.

Unexpectedly, a packaging company that came out of Yunnan would become a Fortune 500 company in the world in just 11 years.