Nord shares win overseas Lithium Copper foil orders net profit in 2021 increases by more than 74 times compared with the same period last year

On the evening of February 28th, Nord shares (600110) released its results KuaiBao, the company's operating income in 2021 was 4.479 billion yuan, an increase of 107.88% over the same period last year, and the net profit attributed to the owner of the parent company was 404 million yuan, an increase of 7409.93% over the same period last year.

Main financial data and indicators of Nord shares in 2021 (unit: ten thousand yuan)

Nord shares said that in 2021, the company seized the market development opportunity of the new energy industry, increased the development of the copper foil market, and its profitability continued to increase. At the same time, the demand for new energy power battery orders from downstream enterprises increased significantly compared with the same period last year. The demand for lithium copper foil increased significantly.

It is worth noting that on February 25, Nord shares received another order for lithium copper foil. According to the company announcement, Huizhou Electronics, a wholly owned grandson company, signed a pricing contract with a large overseas car company for the production of lithium and copper foil products, agreeing that from January 1, 2022, the company and its grandson company will supply copper foil products to the cooperative customers and their licensees. In 2022, the Company and the wholly-owned Sun Company guaranteed to the partner customers that the total supply of products would not be less than 6930 tons; after January 1, 2023, the Company and Sun Company guaranteed to the partner customers that the supply of products would not be less than 1515 tons in a single month. The actual purchase quantity and sales amount shall be subject to the purchase order issued by the cooperative customer.

Data show that Nord focus on electrolytic copper foil, is one of the earliest manufacturers of lithium copper foil in China, after years of development, it has become a leading lithium copper foil enterprise in technology and scale. The company's electrolytic copper foil products include 4-6 micron extremely thin lithium copper foil, 8-10 micron ultra-thin lithium copper foil, 9-70 micron high-performance electronic circuit copper foil, 105-500 micron ultra-thick electrolytic copper foil, etc., and mainly lithium copper foil.

Wu Hui, general manager of the research department of Yiwei Economic Research Institute and director of China Battery Industry Research Institute, predicts that with the high growth of lithium battery demand, the global demand for copper foil for lithium batteries will reach 1.293 million tons in 2025 and 3.142 million tons in 2030. According to incomplete statistics, the planned production capacity of lithium copper foil of the world's major enterprises totaled 1.068 million tons in 2025, resulting in a serious shortage of production capacity.

In terms of production capacity, Soochow Securities recently reported that Nord has an existing production capacity of 43000 tons / year, of which Qinghai has a production capacity of 35000 tons / year, a capacity under construction of 15000 tons / year, Huizhou's production capacity of 8000 tons / year, and a capacity under construction of 12000 tons / a. Capacity companies under construction are expected to start production in the first quarter of 2022, considering capacity climbing. The company expects to achieve a production capacity of about 70,000 tons of copper foil in the second quarter of 2022. In addition, Qinghai prepares to build 15000 tons / year and the first phase of Huangshi 50000 tons production capacity is expected to be put into production in mid-2023. After completion, the company's production capacity will reach 135000 tons, leading the industry in capacity expansion.

In addition, the battery network noted that while strengthening capacity construction and market expansion, Nord shares have always focused on technological optimization and upgrading. On January 5, Nord New Energy and Materials Research Institute was established in the headquarters of Norde shares in Shenzhen. The research institute will focus on the industrial layout of the company and carry out cutting-edge and applied research in the fields of key materials and emerging materials of lithium batteries, aiming at higher quality, stronger technology and better cost, so as to promote the technological progress and industrial development of the company.

According to the latest news released by Norde Co., Ltd., recently, Qinghai Norde New Materials Co., Ltd. (hereinafter referred to as "Qinghai Norde"), which has been reviewed by the Qinghai Science and Technology Enterprise Review Committee, has successfully passed the recognition of Qinghai Science and Technology Enterprises in 2021 and has been awarded the title of Science and Technology Enterprises. At the same time, after Qinghai Electronic Materials Industry Development Co., Ltd., Qinghai Nord also received a "High-tech Enterprise Certificate" jointly issued by the Qinghai Provincial Department of Science and Technology, the Qinghai Provincial Department of Finance, and the Qinghai Provincial Taxation Bureau of the State Administration of Taxation. According to reports, Qinghai Norde was established on December 31, 2015. with the copper foil technology advantages of Norde shares for many years, it is planned to build an electrolytic copper foil project with an annual output of 40000 tons for power batteries in the eighth Road, Dongchuan Industrial Park, Xining (National) Economic Development Zone. the main products are 4-8 micron ultra-thin lithium electric copper foil and porous copper foil for lithium batteries.