Market capitalization exceeds 200 billion leader 2.5 billion to expand the production of negative materials net profit in the first three quarters increased by 134.18% compared with the same period last year.

On the evening of October 27th, Yiwei LiNeng announced that the company's operating income in the first three quarters was 11.448 billion yuan, an increase of 114.39% over the same period last year, and its net profit was 2.216 billion yuan, an increase of 134.18% over the same period last year. The net profit in the third quarter was 721 million yuan, an increase of 23.7% over the same period last year.

It is worth noting that the net profit of Yiwei LiNeng in the second quarter was 848 million yuan. Based on this, the net profit in the third quarter fell 15% from the previous quarter.

On the same day, Yiwei LiNeng also announced that it planned to sign a "joint venture agreement" with Zhongke Electric, and the two sides planned to cooperate to set up a joint venture company with a registered capital of 1 billion yuan, of which the company subscribed 400 million yuan and held a 40% stake in the joint venture company. Zhongke Electric subscribed 600 million yuan and held a 60% stake in the joint venture company.

The joint venture will focus on the manufacture of negative materials and give priority to Yiwei LiNeng and its subsidiaries. The announcement pointed out that the two sides agreed that the joint venture company should achieve mass production within 18 months after the entry into force of this agreement, with a total planned investment of RMB 2.5 billion yuan and an annual production capacity of 100000 tons of anode materials. The capacity of the first phase and the second phase is 50, 000 tons / year respectively.

Under the background of rising raw material prices and rising battery costs, this joint venture is an important measure for the layout of Yiwei lithium energy supply chain, which is beneficial for the company to continuously improve the layout of upstream battery raw material industry chain, stabilize raw material supply, reduce procurement costs, and create lithium battery products with more technological and cost competitive advantages, which is in line with the company's industrial layout and strategic development plan. Help to enhance the company's core competitiveness and profitability.

Since the beginning of this year, Yiwei LiNeng is also the investment layout action non-stop.

In the field of raw materials, on the evening of October 22nd, Yiwei Lithium Energy announced that the company intends to participate in the bidding of 35.2857% of the shares in Qinghai Chaidamu Xinghua Lithium Salt Co., Ltd., with a listing price of 144.1239 million yuan. Xinghua Lithium Salt is mainly engaged in the production and sales of lithium salts and boron compounds.

On September 22, Yiwei LiNeng announced that the company intends to set up a joint venture with Shanghai Enjie in Jingmen High-tech Zone and sign the contract with the joint venture company to invest in the construction of high-performance lithium battery diaphragm project. The total investment of the project is about 5.2 billion yuan and 16 lithium battery diaphragm production lines will be built.

The joint venture (45 per cent owned by Yiwei LiNeng and 55 per cent owned by Enjie) will focus on the manufacture of lithium-ion battery separators and coated films with an annual production capacity of 1.6 billion square meters of wet base membrane and coated films that match its production capacity. And give priority to the supply of Yiwei Lithium Energy and its subsidiaries.

On August 31, Yiwei Lithium signed a "joint venture contract" with Tongling Huachuang, and the two sides planned to set up a joint venture company in the form of joint investment. The registered capital of the joint venture is proposed to be 480 million yuan, of which Yiwei LiNeng subscribes 144 million yuan and holds a 30 per cent stake in the joint venture, while Tongling Huachuang subscribes 336 million yuan and holds a 70 per cent stake in the joint venture.

The joint venture project plans to build an annual output of 100000 tons of lithium copper foil, and the first phase is planned to produce 20, 000 tons of lithium copper foil per year.

On August 9, Yiwei Lithium and Grimme signed a Memorandum of Cooperation on directional Recycling supply of 10000 tons of recycled Nickel products. Since 2024, Grimmy has committed to supply the company with more than 10,000 tons of recycled nickel products (including nickel sulfate, ternary precursors and ternary materials) each year, and the cooperation period will last for 10 years from the beginning of the product supply. and the quantity can be increased and the cooperation period can be extended as needed.

On July 9, Yiwei Lithium Energy plans to acquire 28.125% of Jinkunlun Lithium Industry and to set up a joint venture with Jinkunlun Lithium Industry (80% of Yiwei Lithium Energy and 20% of Jin Kunlun Lithium), with a phased investment of no more than 1.8 billion yuan. Build a project with an annual capacity of 30, 000 tons of lithium carbonate and lithium hydroxide. At present, the project has started construction.

Also on July 9, Yiwei LiNeng transferred 110 million yuan to Gengxin Lianchuang's 5% stake in Dahua Chemical. Dahua Chemical enjoys the mining rights of Dachaidan Salt Lake, covering an area of 89.7505 square kilometers, mining minerals: boron ore, potash ore, lake salt, lithium and bromine.

In addition, Yiwei LiNeng signed cooperation agreements with the management committee of Jingmen High-tech Zone in June and July this year to invest in the construction of a new energy power storage battery industrial park with an annual output of 104.5GWh in Jingmen Kuidao District, and invest 2.45 billion yuan in Jingmen High-tech Zone to build 12.2GWh cylindrical iron phosphate lithium battery and ternary square battery capacity.

So far, Yiwei lithium has formed a complete layout in the field of lithium ore, lithium salt, copper foil, diaphragm and other lithium materials.

In the field of power exchange, take a 0.1473% stake in Trent calls.

On the evening of June 20, Yiwei LiNeng issued an announcement that the company signed a "share subscription agreement" with 300001.SZ and its holding subsidiary Telai. It is proposed to subscribe for 1.37 million shares in this additional offering at a price of 14.60 yuan per share, with a total subscription price of 20.002 million yuan, of which 1.37 million yuan will be included in the registered capital of the call and 18.632 million yuan in the capital reserve of the call.

After the completion of this capital increase, Yiwei LiNeng will hold a 0.1473% stake in the special call.

In terms of external supply, Yiwei LiNeng also won new orders. On July 13, Yiwei Lithium Energy issued an announcement, and the company recently received a notice from Dongfeng Liuqi about the selection of battery pack suppliers for the M6PHEV project. Yiwei Lithium Energy will supply Dongfeng Liuqi with power battery assembly products. The assembly product adopts square ternary battery.

On February 25th, Yiwei LiNeng announced that the company participated in the Jaguar Land Rover 48V battery system project and received a supplier fixed point letter from Jaguar Land Rover during the reporting period, the designated project name is "20Ah MHEV Battery".

In terms of the latest domestic power battery loading list, from January to September 2021, Yiwei LiNeng ranked seventh with 1.7GWh loading.