SMM Network News: on May 21, the new Sanban Yamagi Xineng (839090) issued an announcement saying that in the near future, Shenzhen Xinmu Electronic Technology Co., Ltd., a holding subsidiary of the company, has signed a contract with China Tower Co., Ltd. for the purchase of the third batch of cascade lithium battery equipment and related services in China Tower, with a contract value of 80.004 million yuan.
It is reported that the main business of the iron tower in China is the construction, maintenance and operation of the iron tower, as well as the construction, maintenance and operation of the base station computer room, power supply, air conditioning facilities and indoor distribution system, as well as the maintenance of the base station equipment.
As early as October 2018, Xinmu Electronics and China Tower signed the second batch of 2018 cascade lithium battery equipment and related services procurement contract, the total contract value of 27.376 million yuan.
Yamagi Xineng said that the signing of the contract is a major breakthrough in the energy storage lithium battery market, and will have a positive impact on the company's business performance, market development and sales, and the signing of the agreement will further enhance the company's ability to continue to operate.
Yamagi Xin, as a professional manufacturer of lithium iron phosphate power battery, ternary lithium power battery, energy storage battery and industrial battery, and a national high-tech enterprise, has a number of invention patents. It has the leading technology in the core fields such as cell manufacturing, battery pack management, battery power system integration matching and so on. In 2018, the company achieved operating income of 101.806 million yuan, an increase of 45.52% over the same period last year, and achieved a net profit of 6.3387 million yuan, an increase of 453.12% over the same period last year. The net operating cash flow was 1.3938 million yuan.
In 2018, Yamagi vigorously developed the energy storage battery market and increased sales orders for energy storage battery applications such as telecommunications, mobile base stations, solar street lamps, and so on. For the whole year, the revenue of energy storage batteries was 40.9711 million yuan, an increase of 76 percent over the same period last year. Revenue from power batteries totaled 34.0952 million yuan, up 44.74 percent over the same period last year.
In 2019, the company will continue to transform from technology to scale, and vigorously develop the energy storage battery market, including energy storage communications, energy storage street lamps and other markets, while taking into account the electric tricycle, electric tricycle and other markets.