Far East shares sign 230 million yuan lithium electricity order

March 2, far East shares announced that in the past February, subsidiaries won bids / signed contract orders of more than 10 million yuan totaling 2.22 billion yuan, an increase of 344.41% over the same period last year. Among them, the subsidiary lithium business received orders of more than 230 million yuan, an increase of 700% over the same period last year.

Picture source: far East Stock announcement (unit: ten thousand yuan)

From the point of view of the type of order, the total order price of the overseas household energy storage system obtained by Jiangsu far East battery in February is 228 million yuan. It is reported that the Jiangsu base of far East Battery is mainly based on soft-package batteries, focusing on the development of 50Ah-LFP batteries, which are mainly used in household energy storage and mobile energy storage markets.

The total price of lithium battery orders for Jiangxi far East batteries in February was 12.8823 million yuan. The products of the base are mainly cylindrical batteries, which are used in energy storage, light vehicles, vacuum cleaners, power tools and other fields. The existing 18650 battery production capacity is 4G Whfield 21700 battery capacity 2GWh. Customers include Mavericks Electric, Nambo, Yadi, Bleeway and other enterprises.

In addition, Shengda Electric signed a new lithium copper foil order in February with a total price of 32.5289 million yuan. At present, far East Co., Ltd. has a lithium copper foil production capacity of 15000 tons, product yield of more than 80%, business customers are mainly Ningde era, the second and third largest customers are Changhong Sanjie and Haisida respectively.

It is worth mentioning that in August last year, far East announced that its controlling shareholder, far East Holdings, planned to transfer 7.28% of its shares in the company to Guoyuan Investment, with a transfer fee of 900 million yuan. After the completion of the transaction, far East Holdings and Guoyuan Investment are the first and second largest shareholders of far East shares, respectively.