2 billion yuan! German Nano plans to build an annual lithium supplement project with an annual production capacity of 20,000 tons in Qujing, Yunnan Province.

On the evening of January 20th, German Nano (300769) announced that the company meeting had examined and approved the "motion on signing a framework cooperation agreement on the project of 20, 000 tons of lithium supplements per year". After friendly negotiation, the company intends to sign a "framework cooperation agreement with an annual output of 20, 000 tons of lithium supplements" with the people's Government of Zhanyi District of Qujing City, and plans to build a "20, 000-ton lithium supplement project" in Zhanyi District of Qujing City, with a total investment of about 2 billion yuan.

It is reported that the project will be divided into two phases, the first phase of the project will mainly build a production line with an annual output of 5000 tons of lithium supplements and related infrastructure, and the second phase of the project will mainly build an annual production line of 15000 tons of lithium supplements and related infrastructure. It is implemented by Shenzhen DeFang Chuangyu New Energy Technology Co., Ltd., a wholly-owned subsidiary registered in Zhanyi District, Qujing City.

German Nano said that the purpose of this foreign investment is to quickly promote the industrialization of the company's lithium supplement project, meet the market needs of downstream customers, enhance the company's profitability, and further enhance the company's comprehensive competitiveness. The funds for this foreign investment come from the company's self-raised funds, and the construction period of the first and second phases of the project is expected to be 14 months.

Battery network learned that on the evening of January 11, German Nano disclosed its 2021 performance forecast that the company's net profit expected to be attributed to shareholders of listed companies in 2021 was 760 million-830 million, turning a loss into a profit. The increase in performance is mainly due to the release of the company's new production capacity, with a substantial increase in production and sales compared with 2020; the rise in the price of upstream raw materials and tight supply and demand in the lithium iron phosphate market have led to a rise in the price of the company's products; at the same time, thanks to the effective promotion of the company's cost control and the appearance of economies of scale, the company's profitability has been greatly improved compared with 2020.