Longchuan Technology made a net profit of about 147 million in the first two months of this year. Sichuan Lithium Source Lithium electricity New Materials Phase II Project started.

On the evening of March 11, Longyi Science and Technology (603906) announced that according to the company's preliminary accounting, from January to February 2022, the company achieved a total operating income of about 1.479 billion yuan, an increase of about 346.28 percent over the same period last year, and a net profit of about 147 million yuan belonging to shareholders of listed companies, an increase of about 558.96 percent over the same period last year.

According to the data, Longyi Technology was founded in 2003 and officially listed on the Shanghai Stock Exchange in April 2017. it has 12 wholly-owned subsidiaries and 4 shareholding or holding enterprises. The industry is involved in four major business areas: lubricating oil, automotive environmentally friendly urea, hydrogen energy, and lithium materials. The products cover many market fields, such as automotive lubricating oil liquid grease, industrial lubricating grease, automotive maintenance products, automotive urea, lithium materials, hydrogen energy, biotechnology and so on.

According to the previous performance forecast issued by Longyi Technology, the company expects to achieve a net profit of 327 million yuan to 359 million yuan belonging to shareholders of listed companies in 2021, an increase of 124 million yuan to 156 million yuan, or 61% of the same period last year. In addition, Changzhou Liyuan New Energy Technology Co., Ltd., the company's holding subsidiary, has been included in the company's consolidated statement since June 2021, with an estimated operating income of 1.889 billion yuan in 2021 and a net profit of 185 million yuan belonging to the owner of the parent company.

On January 4 this year, Longchuan Science and Technology Sichuan Lithium Source High performance Lithium electricity New material Phase II project was officially launched, which is a large-scale production project of lithium source power and energy storage cathode material lithium iron phosphate. With the formal start of the project, the green industrial layout of Longyi Technology has been upgraded again.