Putailai's first quarter net profit increased by 260% compared with the same period last year. Lithium battery has become its main source of profit.

Published: Apr 14, 2021 10:19
[Pu Tailai's first quarter net profit increased 260% year on year. Lithium battery became its main source of profit. On the evening of April 11, Pu Tailai announced that revenue in the first quarter of 2021 was about 1.739 billion yuan, an increase of 112.43% over the same period last year. Net profit belonging to shareholders of listed companies is about 335 million yuan, an increase of 260.21% over the same period last year. According to the 2020 annual report, Putailai's main business is lithium battery materials and equipment, accounting for 99.72% of revenue. At present, Pu Tai Lai has carried out in-depth layout in the fields of anode materials, coating diaphragms, coating machine equipment, aluminum and plastic films in the lithium electricity industry.

On the evening of April 11, Pu Tailai announced that revenue in the first quarter of 2021 was about 1.739 billion yuan, an increase of 112.43 percent over the same period last year, while the net profit of shareholders belonging to listed companies was about 335 million yuan, an increase of 260.21 percent over the same period last year.

According to the 2020 annual report, Putailai's main business is lithium battery materials and equipment, accounting for 99.72% of revenue. At present, Pu Tai Lai has carried out in-depth layout in the fields of anode materials, coating diaphragms, coating machine equipment, aluminum and plastic films in the lithium electricity industry.

It is understood that in 2020, the production and sales of Putailai anode materials were about 69000 tons and 63000 tons respectively, of which the subsidiary Jiangxi Zichen ranked first in the domestic artificial graphite market, with a domestic market share of more than 20%. The sales volume of coated diaphragm processing reached 707.13 million tons, accounting for 26.68% of domestic wet diaphragm shipments in the same period; lithium power automation process equipment business achieved main business income of about 460 million yuan. Aluminum-plastic packaging film products to achieve shipments of 7.58 million tons.

It is worth noting that a month ago, Putai announced that the company would invest in anode materials and graphitization integration projects, base film and coating integration projects, and coating materials projects, with a total investment of 14.08 billion yuan.

Among them, investment in the construction of 200000 tons of anode materials and graphitization integration project, the total investment of the project is not more than 8 billion yuan is expected to complete the first phase of 100000 tons of capacity construction in 2023, and the second phase of 100000 tons of capacity construction in 2025.

In terms of the integration project of base membrane and coating, Pu Tai Lai plans to invest 2 billion square meters in the integration project of base membrane and coating through Sichuan Zhuoqin New material Technology Co., Ltd., with a total investment of no more than 6 billion yuan. It is expected to complete the first phase of 400 million tons of capacity construction in 2023, the second phase of 800 million tons of capacity construction in 2024, and the third phase of 800 million tons of capacity construction in 2025.

As for the coating material project, Pu Tai Lai plans to build a 10, 000-ton ceramic powder project through Sichuan Polar Shield New material Technology Co., Ltd., with a total investment of no more than 80 million yuan, and is expected to complete the first phase of 4000 tons capacity construction in 2022 and the second phase of 6000 tons capacity construction in 2025.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Lithium Battery Exports Surge 63% in Jan-Feb 2026, Prices Stabilize After Sharp Drops
12 hours ago
Lithium Battery Exports Surge 63% in Jan-Feb 2026, Prices Stabilize After Sharp Drops
Read More
Lithium Battery Exports Surge 63% in Jan-Feb 2026, Prices Stabilize After Sharp Drops
Lithium Battery Exports Surge 63% in Jan-Feb 2026, Prices Stabilize After Sharp Drops
According to data from the CPCA, lithium battery exports reached 926,000 mt in January-February 2026, up 63%, while export value rose 43% to $14.2 billion. The export price of lithium-ion batteries fell from $27,300/mt in 2023 and $20,100/mt in 2024 to $15,700/mt, and further to $15,300/mt in 2026. The average price in 2026 declined only 10% YoY, a marked improvement from the 26% drop in 2024 and the 22% drop in 2025.
12 hours ago
1 Billion m²/Year Dry-Process Separator Project For Lithium/Sodium Batteries Lands In Nanning
18 hours ago
1 Billion m²/Year Dry-Process Separator Project For Lithium/Sodium Batteries Lands In Nanning
Read More
1 Billion m²/Year Dry-Process Separator Project For Lithium/Sodium Batteries Lands In Nanning
1 Billion m²/Year Dry-Process Separator Project For Lithium/Sodium Batteries Lands In Nanning
Recently, Nanning Urban Construction Investment Group and Huahui New Material Technology Co., Ltd. signed an agreement for the lithium/sodium battery dry-process separator intelligent manufacturing project. The total investment for the project is approximately 500 million yuan. It plans to build a new production line with an annual capacity of 1 billion square meters of dry-process separators for lithium/sodium batteries. The project will introduce Guangxi's first new-generation dry-process uniaxial stretching and 4.2-meter-wide biaxial stretching battery separator production line. It is expected that upon reaching full capacity, the annual output value will be approximately 800 million yuan, creating 170 jobs, and establishing the first battery base film production base in Guangxi.
18 hours ago
Seres Q1 NEV Sales Exceeded 78,000 Units, up 43.9% YoY
Apr 2, 2026 19:40
Seres Q1 NEV Sales Exceeded 78,000 Units, up 43.9% YoY
Read More
Seres Q1 NEV Sales Exceeded 78,000 Units, up 43.9% YoY
Seres Q1 NEV Sales Exceeded 78,000 Units, up 43.9% YoY
On April 1, Seres released its March production and sales report. The data showed that Seres' NEV monthly sales reached 22,706 units in March, up 20.74% YoY; cumulative sales for January to March this year reached 78,500 units, up 43.9% YoY.
Apr 2, 2026 19:40
Putailai's first quarter net profit increased by 260% compared with the same period last year. Lithium battery has become its main source of profit. - Shanghai Metals Market (SMM)