Yan'an Bikang has been awarded Lithium hexafluorophosphate again and has locked in a supply of more than 39000 tons in the next five years.

On the evening of September 22nd, Yan'an Bikang (002411) announced that Jiangsu Jiujiu Science and Technology Co., Ltd. (hereinafter referred to as "Jiujiu Technology"), a subsidiary of the company, signed a "long-term Strategic Cooperation Agreement" with Shenzhen New Zebang Science and Technology Co., Ltd. (hereinafter referred to as "New Zebang") on the same day.

According to the contents of the agreement, the two sides negotiated to determine the supply and purchase quantity of lithium hexafluorophosphate products. Under the premise that the products meet the requirements of product technical parameters and the price is competitive in the market, Jiujiu Science and Technology promises to supply not less than 3600 tons in 2022 and not less than 4800 tons in 2023. Under the premise that the products meet the requirements of product technical parameters and the price is competitive in the market, we will purchase 99 Jiujiu science and technology products in sufficient quantity according to the quantity that can be supplied by Jiujiu Science and Technology. The actual purchase quantity shall be subject to the monthly order confirmed by both parties' seals.

In addition, the two sides also made clear provisions on the technical parameters, quality requirements and acceptance procedures of lithium hexafluorophosphate products, product price, settlement method and time limit, liability for breach of contract, change and termination of the agreement, trade secrets, compliance commitments, etc.

Yan'an Bikang said that Xinzhou State is the country's leading research and development, production and sales enterprise of lithium battery electrolyte, and has advanced technology and rich experience in the field of new energy electrolyte related products. The two sides establish long-term and stable cooperative relations based on the principles of friendly cooperation, equality and mutual benefit, market operation, complementary advantages, and win-win cooperation, which is conducive to giving full play to the advantages of both sides and long-term mutual benefit. Strengthen the market competitive advantage of Jiujiu Technology, enhance the competitiveness of the company's new energy sector business, improve the company's profitability, and promote the company's sustained, healthy and steady development.

The battery network noted that since July this year, 99 Jiu Technology has successively signed long-term agreements with BYD, South Korean company Enchem, and Yienke Battery, plus the long supply order signed with the new Zebang, and by 2026, 99 Jiujiu Technology Lithium hexafluorophosphate products have been locked in supply of no less than 39000 tons.

In addition to the above four companies, 99 Jiujiu technology lithium hexafluorophosphate products domestic customers also include Shanshan shares, Zhuhai Saiwei, Xianghe Kunlun and other domestic mainstream electrolyte manufacturers. At the same time, Jiujiu Technology pays attention to cultivating and expanding new customers, actively opening up the international market, and constantly improving and optimizing the customer structure.

Yan'an Bikang recently said in a research activity that the company currently has sufficient orders for lithium hexafluorophosphate products. At the same time, the market price of lithium hexafluorophosphate products is still on the rise, and the order quotations of some small customers are close to or even exceed 500000 yuan / ton. According to the demand pull of new energy vehicles and other application fields and the tight supply and demand of lithium hexafluorophosphate market, the company believes that the price of lithium hexafluorophosphate will remain high for some time in the future.

In addition, the current production capacity of 99 Jiujiu technology lithium hexafluorophosphate products is 6400 tons / year. In the first half of this year, the company's sales revenue of lithium hexafluorophosphate products was about 670 million yuan, accounting for 19.41% of the operating income of listed companies, up 480.58% from the same period last year.