Lithium carbonate business volume and price rise Koda manufacturing income from investment in Lanke lithium industry in the first half of the year increased by more than 41 times compared with the same period last year.

On August 14th, Koda Manufacturing (600499) released its semi-annual report for 2021, showing that the company's overall operating income in the first half of the year reached 4.558 billion yuan, and the net profit attributed to the parent company was 409 million yuan, an increase of 406.40% over the same period last year.

Koda Manufacturing said that the company's performance increased significantly in the first half of the year, mainly due to the steady production of building materials machinery and gradually released performance, overseas building ceramics business new production lines put into operation, maintaining a steady growth momentum; strategic investment plate, the participating company Lanke lithium industry operating lithium carbonate business volume and price rise, net profit increased significantly compared with the same period last year, the company's investment income increased by 4171.61% compared with the same period last year.

It is understood that Koda Manufacturing has formed a high-end building materials machinery and overseas building ceramics production and sales as the main business system, in addition to the main business, the company through the early strategic layout, the formation of Lanke lithium industry as the carrier of lithium materials business, another clean energy environmental protection equipment, hydraulic pumps, smart energy and other cultivation business, some of the business has gradually entered the harvest period.

Among them, lithium materials business, Koda Manufacturing began to enter the field of lithium battery anode materials in 2015, mainly engaged in graphitization processing, artificial graphite, silicon-carbon composite and other anode products R & D, production and sales. In 2017, on the basis of the original business related to anode materials, the company laid out lithium carbonate deep processing and trade and other related businesses by participating in Lanke lithium industry.

It is reported that Lanke Lithium, a Koda manufacturing participation company, has a capacity of 10,000 tons / year of lithium carbonate. the project uses the production of old brine discharged from potash fertilizer as raw material. In April 2021, the Lanke Lithium Industry 20,000 tons of battery-grade lithium carbonate project has been formally commissioned, and the two production lines have been upgraded from more than 40 tons a day to 100 tons. In the first half of this year, a total of 8466 tons of lithium carbonate were produced and 7435 tons sold, with an operating income of 507 million yuan and a net profit of 234 million yuan, of which the company recognized investment income of 114 million yuan.

In addition, in the first half of this year, the artificial graphite production line of Anhui Koda New Materials, a subsidiary of Koda, began to gradually release its production capacity, and its products have been used in electronic consumption, energy storage and power batteries. The first line of the subsidiary Fujian Kehua graphite lithium battery anode material graphitization device production line will start normal production in July 2021, and the output will gradually increase in the second half of the year; in addition, the second and third lines of the lithium battery anode material graphitization device production line are expected to be completed and put into production by the end of March 2022.

In terms of smart energy business, Koda Manufacturing is also committed to building an industry-leading smart energy service platform to provide comprehensive energy services such as power trading, energy management, distribution network operation, power operation and maintenance, new energy development, charging station operation, power finance, and so on. At present, the business has been expanded in Jiangsu, Fujian, Guangdong and other places.