The supply of lithium battery exceeds the demand. The net profit of blue lithium core is expected to exceed 640 million in 2021.

On the evening of January 24th, Azure Lithium Core (002245) issued a performance forecast, which is expected to return home net profit of 640 million yuan to 700 million yuan in 2021, an increase of 130.26% and 151.84% over the same period last year.

Azure Lithium Core said that in 2021, the company's business was in good condition, with growth in all three businesses. In particular, the lithium battery business continues to be in short supply, and its performance has increased significantly compared with the same period last year, which is the largest source of profit for the company.

Data show that Azure lithium core is mainly engaged in lithium battery, LED chip and metal logistics and distribution of three major business. In terms of lithium battery business, Tianpeng Power supply, a wholly owned subsidiary of the company, was established in 2006, specializing in R & D, manufacturing and sales of intelligent travel, power tools, household appliances and ternary cylindrical lithium batteries for small energy storage.

In November 2021, Azure Lithium Core announced that the company's non-public offering shares have been accepted by the CSRC, and the total amount of funds to be raised is no more than 2.5 billion yuan (including capital). After deducting the issuance costs, it is planned to be used for the industrialization project of 2 billion AH high-efficiency new lithium-ion battery, the second phase of high-efficiency lithium-ion battery industrialization project, and supplementary liquidity.