Putailai's first quarter net profit increased by 260% compared with the same period last year. Lithium battery has become its main source of profit.

On the evening of April 11, Pu Tailai announced that revenue in the first quarter of 2021 was about 1.739 billion yuan, an increase of 112.43 percent over the same period last year, while the net profit of shareholders belonging to listed companies was about 335 million yuan, an increase of 260.21 percent over the same period last year.

According to the 2020 annual report, Putailai's main business is lithium battery materials and equipment, accounting for 99.72% of revenue. At present, Pu Tai Lai has carried out in-depth layout in the fields of anode materials, coating diaphragms, coating machine equipment, aluminum and plastic films in the lithium electricity industry.

It is understood that in 2020, the production and sales of Putailai anode materials were about 69000 tons and 63000 tons respectively, of which the subsidiary Jiangxi Zichen ranked first in the domestic artificial graphite market, with a domestic market share of more than 20%. The sales volume of coated diaphragm processing reached 707.13 million tons, accounting for 26.68% of domestic wet diaphragm shipments in the same period; lithium power automation process equipment business achieved main business income of about 460 million yuan. Aluminum-plastic packaging film products to achieve shipments of 7.58 million tons.

It is worth noting that a month ago, Putai announced that the company would invest in anode materials and graphitization integration projects, base film and coating integration projects, and coating materials projects, with a total investment of 14.08 billion yuan.

Among them, investment in the construction of 200000 tons of anode materials and graphitization integration project, the total investment of the project is not more than 8 billion yuan is expected to complete the first phase of 100000 tons of capacity construction in 2023, and the second phase of 100000 tons of capacity construction in 2025.

In terms of the integration project of base membrane and coating, Pu Tai Lai plans to invest 2 billion square meters in the integration project of base membrane and coating through Sichuan Zhuoqin New material Technology Co., Ltd., with a total investment of no more than 6 billion yuan. It is expected to complete the first phase of 400 million tons of capacity construction in 2023, the second phase of 800 million tons of capacity construction in 2024, and the third phase of 800 million tons of capacity construction in 2025.

As for the coating material project, Pu Tai Lai plans to build a 10, 000-ton ceramic powder project through Sichuan Polar Shield New material Technology Co., Ltd., with a total investment of no more than 80 million yuan, and is expected to complete the first phase of 4000 tons capacity construction in 2022 and the second phase of 6000 tons capacity construction in 2025.