In the first half of the year, far East signed a lithium battery order of 1.21 billion yuan, lithium electricity and copper foil order of 204 million yuan.

On the evening of July 1st, far East shares (600869) issued an announcement that in June, the company received a total of RMB 1.423 billion for contract orders of more than 10 million yuan won by its subsidiaries. Among them, Jiangxi far East Battery Co., Ltd. signed a 30.9 million yuan lithium battery order, Shengda Electric Co., Ltd. signed a 32.0904 million yuan lithium copper foil order.

According to statistics, from January to June 2021, far East shares received contract orders of more than 10 million yuan from subsidiaries totaling 9.326 billion yuan, an increase of 247.3 percent over the same period last year. Among them, the cumulative order amount of lithium battery is about 1.21 billion yuan, and that of lithium copper foil is about 204 million yuan.

On May 12, far East introduced at the investor communication meeting that in 2015, the company acquired Jiangxi Foster New Energy Group Co., Ltd., which is now renamed Jiangxi far East Battery Co., Ltd., and entered the lithium battery and new energy vehicle industry chain. At the same time, the layout of energy storage business. The company has now become a high-quality supplier for light travel market leaders such as Mavericks and Nanbo. In January 2021, the company won an order contract for 150 million units of Mavericks for three years from 2021 to 2023, with an estimated operating income of not less than 900 million yuan. In the third quarter of 2020, the company began to supply Nambo in bulk, and won the Best delivery Award of No. 9 Co., Ltd. At the same time, after the early layout, far East Battery has signed a strategic cooperation agreement with the world's leading power tools brand Shang Bao, and the product will be introduced in bulk in 2021, and the customer layout will be further optimized.

In the future, the company will strengthen the development of energy storage market and international cylindrical battery customers, especially in the energy storage industry. Far East Battery will make full use of the parent company's customer relationship and industry advantages to become a leading solution provider in the energy storage market. Will also continue to expand cooperation with international automotive companies.

In the lithium battery segment market lithium electricity copper foil field, according to far East shares, the company's copper foil business gross profit margin of 23% in 2020, starting full-load production and sales in 2021, unit cost further reduced, and affected by the market, unit sales price increased, gross profit margin further increased, 29% in the first quarter. At present, the finished product rate of the company's copper foil products is more than 80%, and the business customers are mainly Ningde Times, and the second and third largest customers are Changhong Sanjie and Haisida respectively. In addition, the company continues to speed up the production capacity construction of lithium copper foil, the second phase of 7500 tons 4.5 micron ultra-thin copper foil project is under equipment installation and commissioning, and can reach production in the second quarter of 2021, and launch the third phase of ultra-thin lithium copper foil project. and focus on expanding the sales of high-margin ultra-thin high-end lithium copper foil, and strive to become a leader in the ultra-thin lithium copper foil industry.