From January to September, far East Co., Ltd. has received lithium battery orders of 1.318 billion yuan, lithium electricity and copper foil orders of 324 million yuan.

Far East (600869) announced that in September this year, the company received contract orders of more than 10 million yuan from its subsidiaries totaling 1.842 billion yuan, an increase of 229.42 percent over the same period last year and 61.21 percent from the previous month. From January to September, the company received contract orders of more than 10 million yuan from subsidiaries totaling 13.764 billion yuan, an increase of 217.36 percent over the same period last year.

Specifically, in the smart battery sector, far East shares won the bid / signed contract orders of more than 10 million yuan in September for 211 million yuan, an increase of 213.98% over the same period last year. Among them, the household energy storage system signed an order of 43.362 million yuan, from the European market. In September, far East also won an order of 110 million yuan for lithium batteries in the European market.

From January to September, the total contract orders for far East shares worth more than 10 million yuan were 1.643 billion yuan, an increase of 12.23 percent over the same period last year. Among them, lithium battery was 1.318 billion yuan, an increase of 961.81% over the same period last year; lithium copper foil was 324 million yuan.

In terms of production capacity, far East currently has a capacity of 6GWH for cylindrical lithium batteries, of which 18650 is 4GWH for 21700 and 1GWH for soft-packaged lithium batteries. The total capacity of lithium copper foil has reached 15000 tons, and it is planned to build 50, 000 tons of capacity in the future.