Lithium electricity copper foil processing fee boosts Node's net profit is expected to exceed 190 million in the first half of the year.

On July 15, Nord shares (600110) disclosed its annual performance forecast for 2021. It is expected that the net profit attributable to shareholders of listed companies in the first half of the year will turn into profits compared with the same period last year (statutory disclosure data). The net profit attributed to the shareholders of listed companies reached 190 million yuan to 210 million yuan.

Nord said that in the first half of this year, the company's business situation has been significantly improved, copper foil products and other sales data continued to grow, the company's profitability has increased significantly, the above improvement is mainly due to:

1. The company's business as a whole has continued the good development momentum since the fourth quarter of last year. In the first half of this year, the customer order demand for new energy power batteries increased significantly compared with the same period last year, and the demand for lithium copper foil also increased significantly.

2. The company has completed the technological transformation and upgrading of Qinghai Electronic Materials Industry Development Co., Ltd., so that the production efficiency of the company has been improved. By increasing production and sales, the company reduces unit processing costs and improves product profit margins.

3. Due to the tight supply and demand of copper foil products, the price of product processing fees has increased to a certain extent compared with the same period last year.

It is reported that with the growing demand for copper foil, Nord shares are also actively expanding production. On the evening of June 7, Nord shares disclosed the plan to issue no more than 340 million shares to Bangmin Holdings, Hongyuan New Materials and Bangmin New Materials, raising no more than 2.288 billion yuan for electrolytic copper foil projects for lithium batteries, electrolytic copper foil projects for power batteries, replenishment of working capital and repayment of bank loans. Among them, the Qinghai high-performance extremely thin lithium-ion battery electrolytic copper foil project, with a total investment of 1.252 billion yuan, plans to build a 15000-ton electrolytic copper foil production line for high-performance ultra-thin lithium-ion batteries. The project of electrolytic copper foil for power battery in Huizhou has a total investment of 1.026 billion yuan and plans to build a project of 12000 tons of electrolytic copper foil for power battery.