Longli Technology made a net profit of 146 million in the first half of the year, selling 2831.58 tons of lithium iron phosphate.

On July 29th, Longyi Technology (603906) released its semi-annual report for 2021, saying that the company's operating income in the first half of the year was about 1.276 billion yuan, an increase of 55.67 percent over the same period last year; the net profit belonging to shareholders of listed companies was about 146 million yuan, an increase of 60.89 percent over the same period last year; and basic earnings per share was 0.3 yuan. In the first half of the year, the company's main product lithium iron phosphate sales volume of 2831.58 tons, operating income of 130 million yuan.

Longyi Technology said that the company's operating income in the first half of the year increased by 55.67% over the previous period, and its net profit increased by 60.89% over the previous period, mainly due to the substantial increase in vehicle urea sales and the increase in revenue and profit caused by the consolidation of lithium sources in Changzhou.

The Battery Network noted that on June 11 this year, Longyi Technology completed the equity delivery and industrial and commercial change of Beitre (Tianjin) Nanomaterials Manufacturing Co., Ltd. And Jiangsu Betteri Nano Technology Co., Ltd., the above-mentioned target company has since become a wholly-owned subsidiary of Changzhou Lithium Source and the controlling grandson company of Longyi Technology. According to the agreement, the target company will be included in the scope of the company's consolidated statement in June 2021, and the company's semi-annual report in 2021 will be merged into Changzhou Lithium Source net profit of 17.8845 million yuan.

It is reported that Longchuan Technology is mainly engaged in the research, development, production and sales of automotive environmental protection fine chemicals. the main products include lubricating oil, engine coolant, diesel engine exhaust treatment liquid, vehicle maintenance products, lithium iron phosphate materials and other automotive environmental protection fine chemical product system, the products are widely used in automotive manufacturing, automotive aftermarket, construction machinery and other fields.

In order to expand the layout of lithium iron phosphate battery materials, on March 16 this year, Sichuan Liyuan, the wholly-owned grandson of Longyi Science and Technology Co., Ltd., together with Guangzhou Penghui Energy Technology Co., Ltd., Hangzhou Rushan Huiyou Venture Capital Partnership (Limited Partnership), Hunan Hongyue Battery material Co., Ltd., Changsha an Liangneng Enterprise Management Consulting Partnership (limited partnership), jointly funded the establishment of Sichuan Yingda Lithium New Materials Co., Ltd. (referred to as "Yingda Lithium"). Sichuan Liyuan plans to contribute 23 million yuan. Holds a 19.09% stake in Yingda Lithium Power. According to the announcement, Yingda Lithium Power is registered in Pengxi Economic Development Zone, Sichuan Province. Its main business scope is research and development, production and sales of lithium iron phosphate precursors. The overall registered capital will reach 120 million yuan.

In addition, on March 22, the project of production base of Sichuan Suining Industrial Park of Longchuan Science and Technology was officially started. The first phase of the project plans to build 200000 tons of engine exhaust treatment liquid and 25000 tons of lithium iron phosphate battery materials, which are expected to be completed and put into production by the end of this year.

In addition to lithium iron phosphate materials, in terms of coolant, Dragon Technology has sufficient capacity reserves to meet the rapid growth of market demand. The new energy vehicle is very important for the temperature control and management of the heat source in the vehicle, which mainly includes battery, controller and motor. Because of its high safety and remarkable heat dissipation effect, coolant has become the way of heat dissipation by the owners of new energy vehicles, and the company will meet the high growth of coolant demand brought about by the discharge of new energy vehicles with sufficient capacity reserves.