Crown Advanced Material Co., Ltd. is a national high-tech enterprise focusing on the research, development, production and sales of new composite film materials in the field of new energy. The main products are solar battery back sheet, EVA, and aluminum-plastic films for lithium-ion battery, special protective films and other new composite film materials, which are mainly used in the field of photovoltaic and the lithium-ion battery.
The company was founded in 2007 with a registered capital of RMB 164,087,736, which covers an area of nearly 600 acres and has more than 400 employees. The company is located in the Yichun Economic and Technological Development Zone (National level) in Jiangxi Province. The company has 5 wholly-owned subsidiaries: Suzhou Crown Advanced Material Co., Ltd., Jiangxi Minguan Lithium Film Technology Co., Ltd., Ming Guan International Holding Co., Ltd., Crown Advanced Material (Yiwu) Co., Ltd., Suzhou Jiaming Co., Ltd., and a sub-subsidiary Crown Advanced Material Vietnam Co., Ltd.
The company is a national high-tech enterprise and has passed ISO9001: 2008 quality management system certification, safety and environmental management system certification. The company has built a set of full-process quality control system that meets the characteristics of the new composite film material production process to ensure the professional production and the stable reliable quality of products. The products have successively passed the American UL, German TUV and Japan JET certifications, and also passed ROHS, REACH and CQC certifications, which have met the control standard requirements of the European Union, China and other countries and regions. It has successively won the second prize of Jiangxi Province Science and Technology Progress Award, the third prize of Jiangxi Province Science and Technology Progress Award, Jiangxi Province's key new products and many other honors. Selected into the list of national intellectual property advantage enterprises and Jiangxi province specialization and special new enterprises.
Through years of continuous research and development investment and accumulation, the company has owned 115 various project patents, including 19 invention patents related to solar cell packaging materials, which is also one of the main drafting units for the formulation of national standards of "Insulating Back Sheets for Crystalline Silicon Solar Cell Modules". In the long-term business process, the company's solar cell back sheets products have excellent quality, stable performance, and efficient service, which have been recognized by large-scale photovoltaic module manufacturers at home and oversea, the company have a significant industry position.
The company is the first to break the foreign technology monopoly of aluminum-plastic film in China, and has 9 patents for aluminum-plastic film invention. It is also one of the main drafting units for the formulation of national standards of "Aluminum laminated packing films for lithium-ion battery" T/CIAPS0005—2018. The aluminum-plastic film products produced for lithium-ion batteries meet the technical requirements of similar foreign products, and are even better than similar foreign products in some technical parameters, which greatly fills the gap in domestic aluminum-plastic film technology and market.
|Full name||Crown Advanced Material Co., Ltd.|
|Domicile||Yichun City, Jiangxi Province|
|STAR Theme||New Energy|
|Has weighted voting rights structure?||No|
|Earnings Per Share||0.86||0.85||0.72|
|R&D expenditure as a % of operating revenue||4.04%||3.95%||3.87%|
|Total Owners' Equity||1,325.75||647.24||542.18|
|Net Cash Flows-Operating||33.62||139.61||48.97|
|Net Cash Flows-Investing||-49.41||-84.73||-31.57|
|Net Cash Flows-Financing||571.17||-47.46||-21.99|
|Name||No. of Shares Held (mn)||% of Shares Held|
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