The annual production capacity of Azure lithium-core lithium battery is nearly 400 million Zhangjiagang plant Phase II project or put into production in the fourth quarter.

[live broadcast] 2021 the sixth China International Nickel, Cobalt and Lithium Summit Forum was solemnly held!

On May 19th, Azure Lithium Core (002245) said in an interactive exchange with investors that at present, the company's lithium battery business remains at full production, capacity bottlenecks will always exist for a long time, and the most important thing for the company is to build capacity. The company has an annual production capacity of nearly 400 million lithium batteries, and the production line is in full production. The second phase of the Zhangjiagang plant has a new production capacity of about 300 million, and when it is put into production at the end of the year, the total will reach about 700 million. The goal of the first phase of the Huaian plant is to gradually put into production by the end of next year.

In terms of the construction of the new lithium battery project, the main body of the second phase of the Azure Lithium Core Zhangjiagang Plant has been capped, and the project is progressing smoothly, which is expected to ensure smooth commissioning in the fourth quarter of this year. Huai'an Project has completed the project filing of the National Development and Reform Commission and is doing other work such as environmental assessment.

In terms of LED chip business, Azure Lithium Core has turned a loss into profit in the first quarter.

It is understood that Azure Lithium Core did well in the first quarter of 2021, realizing a business income of 1.463 billion yuan, an increase of 115.25% over the same period last year, and a net profit of about 160 million yuan belonging to shareholders of listed companies, an increase of about 15 times over the same period last year. Realize the net profit of 151 million yuan after deducting non-recurring profits and losses belonging to shareholders of listed companies.

In the first quarter of 2021, the lithium battery business continued the good state of the fourth quarter of 2020, with operating income of about 533 million yuan and net profit of about 118 million yuan, which constitutes the company's largest source of profit.