Yiwei Lithium Energy plans to build 50GWh power storage battery project frequently layout upstream industry chain

On the evening of October 28th, Yiwei LiNeng (300014) announced that the company and the Management Committee of Chengdu Economic and technological Development Zone signed the "Yiwei Lithium Energy 50GWh Power Storage Battery Project Strategic Cooperation Framework Agreement". The two sides planned to carry out good cooperation in the field of lithium-ion battery production and research and development, and reached an agreement on the company's newly requisitioned land for the construction of "Yiwei Lithium 50GWh Power Storage Battery Project" in the area under the jurisdiction of the Chengdu Management Commission.

Yiwei LiNeng said that this cooperation will help the two sides to give full play to their respective resources and advantages, speed up the realization of the company's layout and project landing in the power storage battery business section, further promote the company's overall development in the field of lithium-ion battery production and research and development, and continuously enhance the company's influence and comprehensive competitiveness in the new energy industry, which is in line with the company's development strategic planning and the interests of all shareholders.

According to the latest results released by Yiwei Lithium Energy, the company's revenue in the first three quarters was 11.448 billion yuan, an increase of 114.39% over the same period last year, of which consumer battery revenue accounted for about 41% and power battery revenue accounted for about 59%. The net profit belonging to shareholders of listed companies was 2.216 billion yuan, up 134.18% from a year earlier. Among them, in the third quarter of this year, the company's revenue reached 4.888 billion yuan, an increase of 125.90% over the same period last year; the net profit belonging to shareholders of listed companies was 721 million yuan, an increase of 23.70% over the same period last year.

In the field of power batteries, the company installed about 1.7 GWH domestic power batteries in the first three quarters of 2021, ranking seventh with a market share of 1.8%. However, as most of the company's soft package batteries are exported overseas, the actual installed capacity will far exceed the domestic data. Up to now, the company has announced a total of 164.5 GWhs for power storage capacity planning, including 134.5 GWH in Jingmen and 30GWh in Huizhou. Western Securities expects the company's total production capacity to be 33.5/63.5/113.5GWh by the end of the year.

Recently, in an interactive exchange with investors, Yiwei LiNeng said that the company focuses on laying out the upstream industrial chain this year, and has formed cooperation with relevant high-quality companies at the end of raw materials such as positive electrode, negative electrode, diaphragm, electrolyte, as well as nickel, cobalt, lithium and other resources. the company has basically completed the layout of the whole industry chain, and it is expected that the cooperative production capacity will be put into production one after another from the second half of next year to ensure the stability of the company's supply chain. Reduce the impact of raw material price fluctuations on product costs.

In addition, in order to continuously improve the layout of the upstream battery raw material industry chain, stabilize the supply of raw materials and reduce procurement costs, Yiwei Lithium Energy Investment layout has been moving continuously this month.

On October 27th, Yiwei LiNeng announced that the company and China Science and Technology Electric (300035) signed a "joint venture agreement", the two sides intend to cooperate to establish a joint venture company, the registered capital of the joint venture company is 1 billion yuan, of which the company subscribes 400 million yuan. Hold 40% equity in the joint venture company; Zhongke Electric subscribed 600 million yuan and hold 60% equity in the joint venture company. The joint venture will focus on manufacturing negative materials and give priority to supply to the company and its subsidiaries. The joint venture company plans to invest 2.5 billion yuan to build a project with an annual production capacity of 100000 tons of anode materials, which will be built in stages, with a capacity of 50, 000 tons per year for the first and second phases respectively.

On October 22nd, Yiwei LiNeng 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 million yuan. Xinghua lithium salt business scope includes lithium salt, boron compound production, sales and so on.