On June 12, 2019, Changzhou Baili Li Electric Wisdom Factory Co., Ltd., a wholly owned subsidiary of Hunan Baili Engineering Science and Technology Co., Ltd., signed a "contract" for 10000 tons / year lithium cathode material project with Sichuan Xinlixiang Energy Technology Co., Ltd., with a contract value of 466 million yuan.

Business aspects of the company

Baili Technology has a strong market competitiveness in the field of domestic lithium battery cathode material intelligent production line. Formerly known as Nanjing University Jiangsu Nanda Zijin Lithium Power Intelligent equipment Co., Ltd., a wholly owned subsidiary, Baili Lithium Power Co., Ltd., was established in 2013 as a national high-tech enterprise. It is a professional engaged in the research and development, design, integration, sales and service of lithium positive and negative materials intelligent production equipment, and provides intelligent design and intelligent manufacturing solutions for manufacturers of new energy materials. The company's main products and services include: lithium positive and negative electrode material factory planning; Lithium positive and negative electrode material production workshop design; lithium positive and negative electrode material production line design and related equipment selection and manufacture.

In 2018, Baili Technology achieved a total of 1.1827026 billion yuan in main business revenue, an increase of 98.13 percent over the same period last year; a net profit of 151.1734 million yuan, an increase of 39.31 percent over the same period last year; of these, 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 a net profit of 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. At the same time, with the rapid development of lithium power industry, it has driven the accelerated release of the synergistic effect of lithium power business, the order volume of lithium power business has been able to explode, and the construction of lithium power business projects has been started one after another within the year. as a result, the company's lithium business revenue has increased by leaps and bounds.

In lithium electrical materials,

In terms of lithium electrical materials, Baili Lithium Electric Wisdom Factory Co., Ltd. has completed five R & D projects, such as "Research and Development and industrialization of fully automatic production Line to improve the Safety and consistency of Power Battery Management system (BMS)", "Research and Development of large capacity automatic charging system for Lithium Battery Materials Industry", "Research and Development and industrialization of Lithium Battery material production Test Line", etc. A total of 5 patents for invention and 8 patents for utility models have been granted.

Customer advantage

After the rapid development in recent years, Baili Lithium Power has accumulated a large number of high-quality customer resources, such as Dangsheng Technology, Palmer Technology, Guoxuan Gaoke, Cunninghamia lanceolata shares, Menggu Li, Shenzhen Beit Rui and other high-quality customer resources, and has maintained a long-term and stable cooperative relationship with them.

The contract signed for the 466 million yuan lithium cathode material project has a great impact on revenue, and the implementation of the contract will have a positive impact on the financial situation and operating results of Baili Technology this year and in the future fiscal year.