Enjie shares: first-half net profit is expected to soar by more than 211% compared with the same period last year. Production and sales of wet lithium diaphragm increase steadily.

SMM July 1: yesterday night, the well-known lithium battery separator company Enjie shares issued a semi-annual performance notice. According to the data, Enjie expects the company's net profit attributable to shareholders of listed companies to reach 10 to 1.09 billion yuan in the first half of the year, an increase of 211.15% and 239.15% over the same period last year.

As for the reasons for the change in performance, Enjie said that it mainly benefited from the sustained and steady growth of the company's wet lithium battery separator production and sales. It is reported that during the reporting period, Enjie shares continued to improve the production capacity of this business, and has successfully opened up overseas markets, which can not be limited in the future.

On the other hand, the company's continuous improvement in management efficiency, more refined management and cost control are also one of the reasons for the great increase in the company's performance during the reporting period.

It is worth mentioning that as early as June 10, Enjie shares announced that its holding subsidiary Shanghai Enjie signed a contract with Ultium Cells, LLC for the purchase of lithium battery separator with a total amount of more than 258 million US dollars, agreeing that Ultium Cells, LLC would purchase more than 258 million US dollars of lithium battery separator from Shanghai Enjie from the contract signing date to the end of 2024.

It is reported that, Ultium Cells, LLC is a joint venture between LG Chemical and General Motors, with a total investment of 2.3 billion US dollars, mainly engaged in the production and manufacture of lithium batteries for electric vehicles.

In addition, on June 18, Shanghai Enjie signed a cooperation agreement with Jiangsu Jintan Economic Development District Management Committee to invest about 5.2 billion yuan in the construction of lithium battery isolation membrane project, which is divided into three phases.

After the good news in the semi-annual report, China International Capital Corporation issued a research review saying that Enjie shares had outperformed the industry rating and made a forecast for its 2021 return net profit. China International Capital Corporation predicts that the net profit of Enjie shares will reach 2.35 billion yuan in 2021, an increase of 110.65% over the same period last year.

Not only that, China International Capital Corporation also boldly gave Enjie shares a high target price of RMB260. Subsequently, Soochow Securities issued a research report saying that Enjie shares are expected to return to its mother net profit of 2.512 billion yuan in 2021, an increase of 125.17% over the same period last year, maintaining the buying rating, and raising the target price to 303 yuan.

Enjie shares fell 0.06 per cent to 233.96 yuan per share as of midday trading on July 1st.