SMM Aug. 25: on the evening of Aug. 24, Bertre released its first-half 2021 results. According to the announcement, Bertre achieved a total operating income of 4.207 billion yuan in the first half of 2021, an increase of 169 percent over the same period last year, and a net profit of 730 million, up 23.2 percent from the same period last year.
It is worth mentioning that during the reporting period, the company's business income of cathode materials reached 1.59 billion yuan, an increase of 566 percent over the same period last year. Sales of cathode materials reached 20, 000 tons, an increase of 327 percent over the same period last year. In terms of negative materials, its sales reached 61900 tons, an increase of 131 percent over the same period last year. A total business revenue of 2.39 billion yuan was generated, an increase of 98.5 percent over the same period last year.
According to public data, Bertrand New Materials Group Co., Ltd. was established in 2000, mainly engaged in lithium-ion battery materials and carbon nano-materials. Its business plate includes anode materials, cathode materials and graphene materials. Beitre New Materials is the global leader in terms of market share of anode materials.
During the reporting period, Beitre also expanded its production capacity for many times. on January 6, Beitri also invested 1.65 billion yuan through Sichuan Jinbei to build a "50, 000-ton high-end artificial graphite anode material project". Beitri also plans to sign the "Cooperation Agreement on the Integrated Base Project of artificial Graphite anode Materials" with Shandong Jingyang Science and Technology Co., Ltd., and plans to build an integrated production line of artificial graphite anode materials with an annual output of 80, 000 tons. On May 17, Bertre decided to invest 762 million yuan to build a lithium anode material project with an annual production capacity of 40, 000 tons, which is expected to be put into production in the first half of 2022.
Not only that, the company also plans to sign joint venture contracts and capital increase agreements with SKI and Yiwei Asia, and plans to invest in the construction of a "high nickel ternary cathode material project with an annual production capacity of 50,000 tons of lithium batteries" through the joint venture company, with a total investment of no more than 2.6 billion yuan.
As the world's leading manufacturer of positive and negative materials for lithium batteries, Bertre now has a strength to be reckoned with. And in the increasingly hot demand for lithium batteries today, battery cathode materials, negative materials will inevitably fall into a state of short supply. Take ternary precursors as an example, according to SMM research, previously, the rising cost of precursors caused by the rising price of cobalt salts led to the superimposed demand, and the prices of precursors continued to rise. Recently, with the reduction of raw material prices, the cost of ternary precursors has gradually declined, coupled with relatively stable domestic demand, strong market wait-and-see sentiment, and future prices of precursors or slightly lower. "View details
Even so, the decline failed to offset previous gains. As of Aug. 24, the spot price of ternary precursors (523 / power) rose 500 yuan per ton, or 0.41%, according to SMM spot quotes.
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