Far East received an order for lithium battery of 51.37 million yuan in July, an order for lithium electricity and copper foil of 44.86 million yuan.

On August 3, far East shares (600869) announced that from July 1, 2021 to July 31, 2021, the company received contract orders of more than 10 million yuan from subsidiaries totaling 1.574 billion yuan.

It is reported that far East shares are smart cable networks, smart batteries, smart airport leader / leader. Among them, in the field of smart batteries, the company insists on customer-oriented, focusing on market segments such as light travel and power tools, and strives to provide first-class lithium-ion battery energy application solutions for global customers.

Battery Network noted that in the July order, Jiangxi far East Battery Co., Ltd. (referred to as Jiangxi far East Battery) received two lithium battery orders, totaling 51.3666 million yuan, and Shengda Electric Co., Ltd. received an order for lithium copper foil, the amount is 44.8595 million yuan.

The announcement shows that of the two lithium battery orders, 30.9 million yuan is a sub-order for Jiangxi far East Battery and Jiangsu Maverick Electric Technology Co., Ltd. (referred to as "Maverick Electric"). According to the "intention Strategic purchase Agreement" previously disclosed by far East, Mavericks Electric will purchase no less than 150 million ternary lithium batteries from Jiangxi far East battery from 2021 to 2023, with an estimated operating income of not less than 900 million yuan.

In addition, on July 8, far East shares said on the investor interactive platform that in order to further improve the company's production capacity layout and meet the needs of the company's future business development and market expansion, the company's shareholders' meeting has examined and passed the "motion on investing in the establishment of the far East Intelligent Industrial Park project". At present, the company has set up a project team and a project company, and the company will speed up the construction of the Yibin project.

It is understood that far East shares plan to invest in the construction of the far East Intelligent Industrial Park in Nanxi Economic Development District, Sanjiang New District, Yibin, Sichuan Province, with a total investment of about 6 billion yuan. The contents of construction include the construction of intelligent cables for new energy vehicles, special cables for AC and DC charging piles, environmental protection cables for intercity rail transit, intelligent environmental protection cables for intelligent distribution network, intelligent cables for data centers and high-end equipment, etc. the production scale of insulated wires is about 2.1 million kilometers, with an annual output of 50, 000 tons of high-precision copper foil; other projects in line with the planning and environmental assessment of Sanjiang New area. The overall investment and construction period of the project is at least 4 years.

In terms of performance, the far East smart battery business achieved an operating income of 312 million yuan in the first quarter of 2021, an increase of 267.91% over the same period last year, and a net profit of-47 million yuan, an increase of 65.51% over the same period last year, and a loss reduction of 89 million yuan over the same period last year. Among them, the company's lithium copper foil business achieved an operating income of 151 million yuan, an increase of 189.60% over the same period last year, and a net profit of 20 million yuan, an increase of 1361.51% over the same period last year.

In addition, far East shares said a few days ago that far East shares lithium electricity copper foil business began full-load production and sales in 2021, the unit cost was further reduced, and affected by the market, the unit sales price increased, and the gross profit margin further increased to 29% in the first quarter. At present, the second phase of 1500 ton 4.5 micron ultra-thin copper foil project is in the stage of equipment installation and commissioning, and the main customers of the company's lithium copper foil business are Ningde era, Changhong Sanjie, Hai Sida and so on.