Yinghe Science and Technology won the bid for more than 1.4 billion yuan lithium equipment order in Ningde era.

SMM: on the evening of October 26th, Yinghe Technology issued an announcement of winning a major contract, and Ningde Times has sent an order winning notice to the listed company by e-mail. Yinghe Technology won the bid for Ningde era equipment with a total amount of 1.44 billion yuan, accounting for about 86 per cent of the audited main business income of the listed company in the most recent fiscal year.

Yinghe Technology said that on March 1, 2019, the company signed a "framework procurement contract" with Ningde Times, agreeing to purchase equipment from Ningde Times in the form of orders. The effective period of the contract is from March 1, 2019 to February 28, 2022.

However, according to the introduction of Yinghe Technology, the specific amount was not stipulated in the contract at that time, and the specific price was subject to the purchase order, which was sent to the company and its changes in writing or other forms agreed upon by both parties. Written form refers to documented written materials and electronic data (including but not limited to telegram, fax, mail, electronic information platform data); the order will take effect immediately after it is delivered to the company.

It is worth noting that in 2018 and 2019, Yinghe Technology signed contracts with Ningde Times and its holding subsidiaries of 50.46 million yuan and 181 million yuan respectively; in addition, from January to September 2020, Ningde Times and its holding subsidiaries signed purchase orders with Yinghe Technology of 96.8111 million yuan.

Yinghe Technology said that the signing of the above contract highlights the company's comprehensive strength in the field of new energy vehicle power battery production equipment, and marks the high recognition of the company's capabilities by international first-class customers. it will help to further enhance the company's reputation and brand influence in the industry. At the same time, the implementation of the contract will help to enhance the company's technical level and service capability in the field of new energy vehicle power battery equipment, and further enhance the company's core competitiveness. The signing of the above contract will have a positive impact on the company's operating income and operating profit in 2021.

It is understood that Yinghe Technology is the first enterprise in the industry to launch the whole line solution of lithium battery intelligent production line, which fully meets the customized needs of customer automation, information and intelligence. At present, Yinghe Technology has successfully implemented more than 20 whole-line plans. In addition to launching intelligent full-line solutions for lithium batteries, Yonghe Technology is also constantly strengthening the market competitiveness of stand-alone equipment. At present, the products of Yinghe Technology have covered a series of equipment, such as coating, rolling, slitting, winding, lamination, laser die-cutting, assembly line and so on.

In particular, in recent years, Yinghe Technology has continuously released a number of new products, such as coating roller all-in-one machine, MAX winding series, laser cutting and stacking all-in-one machine, and so on. The MAX winding machine specially launched for the high-end market has also entered the international supply chain, and the 3.4mm Bluetooth slitting machine launched in 2019 has set a benchmark for the industry and has been recognized by many major international customers.

According to the three-quarter report released on the evening of October 22nd, the operating income of Yinghe Technology in the first three quarters of 2020 was 1.75 billion yuan, up 26.7 percent from the same period last year, and the net profit was 279 million yuan, up 17.39 percent from the same period last year. In addition to the Ningde era, Yinghe Technology also signed lithium equipment orders with domestic and foreign mainstream enterprises such as BYD, LG Chemical, Menggu, ATL, Guanyu, AVIC Lithium Power, etc., totaling more than 2 billion yuan.