Derek Lithium Power won the approval document for the release of the selected layer of the new third board, with revenue of 174 million last year.

According to the news of May 11, Battery Network learned that Derek Lithium (833523) has obtained the approval for the release of selected layers, and the company and its underwriters will negotiate with the National Stock transfer Company to determine the issuance schedule and publish public offering documents one after another.

According to public data, Derek Lithium Power listed a new third board in September 2015, focusing on the research, development, production and sales of lithium primary batteries such as lithium manganese batteries and lithium iron batteries. The products have been exported to North America, Europe, Asia-Pacific and other regions, and have established long-term and stable cooperative relations with BRK, HONEYWELL, JABIL, FLEXTRONICS, VARTA, ENERGIZER, Boshijie, Jimmy Wulian and other international well-known brands and domestic well-known enterprises.

In 2020, the operating income of Derek Lithium Power was 174 million yuan, the net profit was 34.42 million yuan, and the weighted average return on net assets was 20.07%. Specifically, lithium-manganese battery is the company's main source of income, with operating income of 170 million yuan in 2020 and lithium-iron battery income of 42 million yuan.

Derek Lithium Power has relatively small sales of lithium-iron batteries, selling about 1.0854 million lithium iron batteries in 2020. The selected layer small IPO, Derek Lithium Power to raise funds to be mainly invested in the Huidry Lithium Battery Manufacturing Industry Park project, followed by supplementary liquidity. When the "Huidrui Lithium Battery Manufacturing Industry Park Project" reaches production, it will form an annual production capacity of 2.5 million lithium-iron batteries.

Derek Lithium plans to focus on sales in the European market. At present, the company is working with an international well-known battery brand to produce and sell lithium-iron batteries for the European market. Related products have been certified and sales orders will be formed one after another.

The battery network also noted that Derek Lithium's export business accounted for 71.28%, 63.04% and 63.73% of the main business income from 2018 to 2020, respectively.

In addition, according to the data released by the National Stock transfer Company, 51 selected layer companies achieved a total operating income of 37.631 billion yuan in 2020, an increase of 9.85% over the same period last year. 50 companies achieved profits, with a profit area of 98.04% and a total net profit of 4.097 billion yuan, an increase of 15.17% over the same period last year. The rate of return on net assets of selected layer companies reached 11.09%, 4.89 percentage points higher than that of listed companies as a whole, comparable to the level of listed companies. The 51 selected layer companies raised a total of 13 billion yuan in public offerings, with more cash on hand, significantly improved solvency indicators, enhanced anti-risk ability, and a substantial increase in current ratio and quick-moving ratio by 67.51% and 80.09% compared with the beginning of the period. At the same time, sufficient capital reserves have also led to active investment. The net investment cash flow of selected companies has increased by 110.98%. The capital market has achieved remarkable results in promoting the great-leap-forward development of small and medium-sized enterprises.

Battery network carding found that among the 51 selected layer companies, only two companies, Betteri and Changhong Energy, were involved in the lithium battery industry. In the first quarter of this year, Bertre achieved revenue of 1.853 billion, with net profit up 97.08% from the same period last year. Changhong Energy achieved revenue of 648 million, with net profit up 126% from the same period last year.