SMM News: June 12, Baili Technology (603959) issued a major contract announcement, the company's wholly-owned subsidiary Changzhou Baili Lithium Power Wisdom Factory Co., Ltd. (referred to as Baili Lithium Power) and Sichuan New Lithium think Energy Technology Co., Ltd. (referred to as Sichuan Xinli Xiang) signed a 10000 tons / year lithium positive electrode material project "contract", the contract amount is 466 million yuan, the delivery date is within 240 days after the contract is signed.
According to the announcement, the content of this contract is the procurement, unloading, installation, commissioning and maintenance of the intelligent powder integration system (including intelligent warehouse, intelligent blending system, automatic material transportation system, sintering production line, powder crushing system, powder processing and packaging system) of the first phase of the 50000 ton / year lithium cathode material project-10000 t / a lithium cathode material project. The connection and control between the intelligent powder integrated system and the single equipment, the design, procurement, unloading, installation, debugging and maintenance of the public auxiliary project, the construction of water, electricity and gas in the factory building, the design, procurement, installation, debugging and maintenance of the central integrated control system of the production line and the external public auxiliary integrated control system.
It is reported that Sichuan Xinli wants to be mainly engaged in the research and development, production and sales of lithium battery materials; new energy materials, high-tech research and development, consultation and services; and the collection, storage and disposal of waste batteries and power batteries. The controlling shareholder is Sichuan Luqiao.
Baili Technology is a technology-based technology service provider that provides intelligent factory solutions for lithium power material manufacturers. At present, the projects are mainly based on intelligent chemical plants and production lines of high nickel cathode materials. The company's wholly owned subsidiary Baili Lithium Power is engaged in the research and development, design, integration, sales and service of lithium ion battery positive and negative material intelligent production lines, focusing on providing intelligent manufacturing solutions for lithium battery manufacturers.
In 2018, Bailey Technology achieved revenue of 1.18 billion, an increase of 98.1% over the same period last year, and a net profit of 150 million belonging to the owner of the parent company, an increase of 38.3% over the same period last year. Of this total, the annual operating income of Baili Lithium Power was 307.8726 million yuan, an increase of 182.46 percent over the same period last year, and the net profit was 40.2654 million yuan, an increase of 77.74 percent over the same period last year. In 2018, the total amount of new project contracts signed by the company and its subsidiaries was 2.9630542 billion yuan, an increase of 140.90 percent over the same period last year. Among them, the new lithium power business EPC project general contract was 2.035332 billion yuan, and the company's current lithium electricity business orders have exceeded 3.5 billion yuan.
Baili Technology said that the performance of the contract will accumulate rich construction and operation experience for the company's lithium power business, and further enhance the competitiveness of the company's main business in the domestic market.
It is worth noting that on April 16 this year, Baili Technology and Dangsheng Science and Technology signed the "Dangsheng Science and Technology Lithium Power New material Industry Base Project Phase I Project with an annual production capacity of 20, 000 tons of lithium positive electrode materials intelligent factory design, procurement, construction engineering general contract (EPC integration) contract", the contract amount is about RMB 945 million yuan.