Boehmstone increases permeability in lithium industry Yishitong made a net profit of more than 100 million yuan last year.

On the evening of February 23rd, Yishitong (688733) released its performance KuaiBao. In 2021, the company achieved a total operating income of 423 million yuan, an increase of 119.85% over the same period last year. The net profit belonging to the owner of the parent company was 108 million yuan, an increase of 139.98% over the same period last year.

Yishitong 2021 main financial data and indicators (unit: 10,000 yuan)

As for the reasons for the huge increase in performance, Yishi said that the new energy vehicle industry downstream of the company is developing rapidly, the demand of major lithium battery customers continues to be strong, and the annual sales volume has increased significantly compared with the same period last year; at the same time, the permeability of the company's boehmite products in the lithium electricity industry continues to increase. With its excellent application performance in the field of thermal conductive interface materials, the company's spherical alumina products have been successfully introduced into the new energy vehicle industry, which is mainly used in areas such as lithium battery module thermal conductive adhesive, and its annual sales have increased rapidly compared with the same period last year. thus driving the significant growth of the company's electronic materials business sector. In addition, the double rise of production and sales of the company drives the scale effect, and further reduces the cost and increases the efficiency by improving the level of production, operation and management.

According to the official website of Yishitong, the company was founded in January 2006 and successfully landed on the Shanghai Stock Exchange on August 17, 2021, with a registered capital of 182 million yuan. The company's main products include new energy lithium battery coating materials, 5G electronic communication function fillers, low-smoke halogen-free flame retardant materials and other three major fields, downstream customers are domestic and foreign industry leaders, well-known listed companies, and so on. At present, the shipment of boehmite for lithium battery coating ranks first in the country and second in the world.