Blue Lithium Surpasses Q1 Lithium Battery Shipment Expectations, Boosting Annual Outlook

【Blue Lithium's Q1 Lithium Battery Shipments Exceed Expectations】

According to personnel of Blue Lithium, the shipment volume of its lithium battery products in the first quarter of this year was approximately 75 million, far exceeding the company's quarterly target. The company's 2024 first-quarter earnings report stated that the company achieved operating revenue of 1.429 billion yuan, an increase of 46.77% year-on-year. It achieved net profit attributable to shareholders of the parent company of 70.67 million yuan, turning losses into profits year-on-year. The company's gross profit margin was 14.27%, an increase of 5.10 percentage points year-on-year. The company achieved basic earnings per share of 0.06 yuan, turning positive year-on-year, and diluted return on net assets was 1.08%, also turning positive year-on-year. Regarding the excess shipments in the first quarter, the company expressed confidence in achieving the annual lithium battery shipment volume of 400 million. Currently, Blue Lithium's finished product inventory is approximately enough for one month of sales.