The sales volume of lithium cathode materials has increased sharply, and the net profit of Dangsheng Technology in 2021 has increased by more than 159% compared with the same period last year.

SMM, January 18: on the evening of January 17, Dangsheng Technology issued a pre-increase announcement on its 2021 results, saying that it is expected that the company's net profit of shareholders belonging to listed companies in 2021 is 1 billion-1.05 billion yuan, an increase of 159% over the same period last year. 172%.

As for the reasons for the substantial improvement in the company's performance, Dangsheng Technology explained that, on the one hand, the company put into production at full capacity after the new capacity was completed, and the sales of lithium cathode materials increased significantly in 2021 compared with the same period last year; on the other hand, high nickel products achieved rapid release, the overall profitability of the product increased steadily; in addition, the company also received money back from the company and the stock price of its holdings rose, resulting in an increase in non-recurrent income.

According to public data, Dangsheng Technology, founded in 2001, is mainly engaged in the research, development, production and sales of small lithium and power lithium cathode materials such as lithium cobalt oxide, multicomponent materials and lithium manganate. It is a leading professional supplier of cathode materials for lithium-ion batteries in China. Its sales scope has covered China, Japan, South Korea, Europe and the United States and other countries and regions.