The lithium battery company received 255 million yuan in revenue last year through selected layer tutoring.

After Bertre (835185), Changhong Energy (836239) and Derek Lithium (833523), another lithium industry chain enterprise sprint for the new third board selection layer!

On May 26th, Hengtai Technology (838804), a new third board innovation layer enterprise, issued a notice saying that on June 5, 2020, the company submitted to the Guangdong Regulatory Bureau of the China Securities Regulatory Commission the application materials for public offering of shares to unspecified qualified investors and listing and tutoring at the selected layer, under the guidance of Dongguan Securities Co., Ltd. It has passed the counseling and acceptance of Guangdong Securities Regulatory Bureau of China Securities Regulatory Commission on May 25, 2021.

The battery network learned that Hengtai Technology listed the new third board on August 17, 2016. it is a national high-tech enterprise specializing in the research, design, production and sale of rechargeable consumer micro lithium-ion batteries. At present, it mainly produces consumer micro-lithium-ion batteries with 10mAh-2000mAh capacity. The products are widely used in smart wearable products, Bluetooth headphones, e-cigarettes, smart car keys, intelligent medical care, smart home, intelligent personal care, panoramic cameras and other fields.

In recent years, with the rapid development of sensor technology, electronic chip technology and communication technology, smart watches, smart bracelets, TWS Bluetooth headsets and other intelligent devices are rapidly rising and popularizing. Lithium-ion battery as a necessary component of this kind of products, its market demand is also strong. Hengtai Technology focuses on laying out smart wearable products and TWS Bluetooth headset micro lithium-ion battery market segments, according to customers' needs of iterative upgrading of different products and new product development, targeted development of lithium-ion battery products suitable for different products, and the combination of large-scale automated production and flexible production to quickly respond to customers' personalized needs for micro lithium-ion batteries.

Battery net noted that on May 21, Hengtai Science and Technology announced that it had signed a "reserve order" with Dongguan Lithium Battery Kit for TWS headphones (including soft buckle lithium battery and soft package square lithium battery) with an order amount of 22.5 million yuan.

In addition, Hengtai Technology is one of the core suppliers of Xiaomi ecological chain, covering smart bracelets, smartwatches, TWS Bluetooth headsets, smart home and other fields in Xiaomi ecological chain. The company's products are widely used in end products of well-known brands, including Xiaomi, Huami (Amazfit, Zepp), Kingston, 1MORE, QCY, Jabra, Lear, Insta360, Valve, Cleer, Whoop and other well-known brands at home and abroad.

According to the 2020 annual report released by Hengtai Technology, the company achieved an operating income of 255 million yuan last year, an increase of 8.06% over the same period last year, and realized a net profit of 27.1146 million yuan belonging to the shareholders of the listed company. Among them, R & D expenditure is 14.41 million yuan, accounting for 5.64% of revenue. By the end of 2020, the company has 74 patents, including 5 invention patents.

In 2020, Hengtai Technology also acquired a 51% stake in Huizhou Deneng Battery Co., Ltd., laying out the production capacity of button batteries and e-cigarette batteries, further accelerating the pace of industrial integration and promoting the realization of the company's overall strategic goals.

Recently, research institute EVTank and China Battery Industry Research Institute jointly released the White Paper on the Development of China's Lithium Ion Battery Industry (2021). According to the white paper, due to the faster-than-expected growth of electric two-wheelers, power tools, wireless vacuum cleaners, portable energy storage and other products, some small lithium-ion battery (Small Lib) products are in short supply. In particular, with the rise in the prices of raw materials, including lithium carbonate, copper foil and electrolytes, some small lithium-ion batteries began to take the initiative to raise prices to cope with the rising prices of raw materials and the shortage of production capacity. According to the data, shipments of small lithium-ion batteries in the Chinese market according to EVTank reached 59.8 GWH, an increase of 28.6% over the same period last year, and the growth rate was higher than the growth rate of (EV Lib) shipments of automotive power batteries in China.