On the evening of August 25th, Azure Lithium Core (002245) released its semi-annual report for 2021. According to the announcement, the company's operating income in the first half of this year was 3.084 billion yuan, an increase of 91.55 percent over the same period last year, and the net profit belonging to shareholders of listed companies was 339 million yuan, up 372.92 percent from the same period last year.
It is reported that Azure Lithium Core is mainly engaged in lithium battery, LED chip and metal logistics and distribution, with nearly 20 holding subsidiaries in Suzhou, Shanghai, Dongguan, Huai'an, Yangzhou and Tianjin.
Since 2020, the lithium battery business of Azure Lithium Core has become the company's largest source of profit and the largest profit growth point. In the first half of the year, the company's lithium battery business achieved an operating income of about 1.199 billion yuan, an increase of 141.74% over the same period last year; Tianpeng Power, a subsidiary, made a net profit of about 253 million yuan. No matter in terms of operating income or profit contribution, the lithium battery business ranks first in all the business of the company.
The data show that Tianpeng Power supply, a wholly-owned subsidiary of Azure Lithium Core, is a high-tech enterprise with more than 10 years of R & D and manufacturing experience in the field of ternary cylindrical power batteries, and has a top horizontal cylindrical lithium battery automatic production line at home and abroad. it has large-scale production capacity of cylindrical power lithium-ion batteries. The company's lithium battery products are mainly used in small power systems (including power tools, electric bikes / motorcycles / forklifts / AGV vehicles, floor sweeping robots / vacuum cleaners, etc.), especially in the field of lithium batteries for multiple power tools, and is a major supplier of small power batteries into the global supply chain of TOP5 Power tools.
Azure lithium core said that due to the superposition of the dual trend of "cordless, electrified and domestic substitution", the growth rate of market demand for ternary cylindrical lithium batteries is much faster than expected, and the growth is sustainable. As the representative of the high-quality production capacity of small power lithium batteries in the world, the company's existing capacity has been unable to ensure the security of customers' supply chain, and expanding production capacity and improving supply guarantee service capacity has become the top priority of the work in 2021.
On August 16th, Azure Lithium Core announced that Tianpeng Power supply, a wholly owned subsidiary of the company, has recently received and confirmed the order documents from Bosch. Based on the continuous cooperation between the two sides, Bosch chose Tianpeng Power supply as its long-term partner, and the two sides confirmed that the total supply quantity of 18650 ternary cylindrical lithium batteries in 2022 is 87 million, and the product specifications involve 1.5Ah, 2.0Ah and 2.5Ah. according to the current price, the total amount of the order is about 95.85 million US dollars.
To this end, Ulan Lithium Core said that the company is actively expanding capacity, while promoting the second phase of Zhangjiagang project, while investing in new lithium battery production projects in Huaian City. At present, the construction work is being carried out in an orderly manner, among which the second phase of Zhangjiagang project has entered the stage of equipment installation and is expected to be gradually put into production in October, after reaching production, the company's annual lithium battery production capacity will reach 730 million; Huai'an plant phase I project is also under construction, at present, the pile foundation project and testing have been completed, part of the foundation beam has been completed, and it is expected to be put into production in the third quarter of 2022. After reaching production, the company's annual lithium battery production capacity will reach 1.3 billion. The construction of the second phase of the Huaian plant is also under evaluation.
In addition, the battery network learned that Azure Lithium Core held its fifth board meeting on August 24 to consider and pass the "motion on adjusting the company's 2021 non-public offering A-share plan", in which CHENKAI's subscription method was changed to CHENKAI's commitment to subscribe for no less than RMB 40 million and no more than RMB 1.5 billion for this non-public offering. CHENKAI does not participate in the bidding process for the pricing of this non-public offering, but accepts the results of the bidding and subscribes at the same price as other investors. In the event that the issue price is not generated by competitive bidding, the actual controller CHENKAI will continue to participate in this subscription with the reserve price (80% of the average trading price of the company's shares 20 trading days before the pricing benchmark) as the subscription price and the subscription amount will remain unchanged.
It is reported that on March 5, Azure Lithium Core disclosed the fixed increase plan, and the total amount of funds to be raised by the company will not exceed 1.5 billion yuan. After deducting the issuance expenses, it is intended to be used for the annual production of 1 billion AH high-safety, long-life, high-energy density new lithium-ion battery expansion project and 2 billion AH annual high-efficiency new lithium-ion battery industrialization project.
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