1 billion yuan! Multi-fluorine subsidiary receives long-term purchase order of lithium hexafluorophosphate

After the trading on November 10th, Duofudo (002407) issued an announcement on signing a major contract for daily operation, and the company's subsidiary Henan Nonferrous Metals Industry Co., Ltd. (referred to as "Henan Nonferrous Metals") recently worked with EnchemCo.,Ltd.. Signed the purchase Agreement, EnchemCo.,Ltd. It is planned to purchase lithium hexafluorophosphate products with a total amount of not less than 1 billion yuan from Henan Nonferrous in the next three years.

In terms of price, the price of lithium hexafluorophosphate has increased about 5 times during the year. Dofuoduo said in October this year that the sales prices of products are different according to the different commercial terms of different customers, and the current external sales prices are also agreed on according to the business conditions of different customers. For some time to come, due to the limited new capacity in the market and strong demand growth, the company believes that market prices will remain high.

In terms of production capacity, Duofuoduo said that the company's annual production capacity of lithium hexafluorophosphate products has reached 15000 tons, and it is expected to ship about 13000 tons by the end of 2021. It is planned to add 40, 000 tons of capacity by the end of 2022, when the total capacity will reach 55000 tons per year, and the annual production and sales volume is planned to exceed 30, 000 tons. Production and sales after 2023 will gradually increase according to the market and production expansion.

In addition, on October 30, the project of lithium hexafluorophosphate and additives with an annual output of 20,000 tons was held at the New Materials Industrial Park of Yangquan High-tech Zone.

In terms of performance, according to the three-quarter report released by Polyfluorodo, in the first three quarters of 2021, the company achieved operating income of 5.307 billion yuan, an increase of 85.36% over the same period last year; the net profit belonging to shareholders of listed companies was 737 million yuan, an increase of 5316% over the same period last year. The increase in the company's operating income is mainly due to the increase in the volume and price of new materials products and the increase in revenue during the reporting period.