Blue Lithium Surpasses Expectations with Q1 Lithium Battery Shipments of 75 Million Units

Blue Lithium Q1 Lithium Battery Shipments Exceed Expectations

According to relevant personnel from Blue Lithium, the shipment volume of its lithium battery products in the first quarter of this year was approximately 75 million units, far exceeding the company's quarterly target. The 2024 first-quarter performance report released by Blue Lithium stated that the company achieved operating revenue of 1.429 billion yuan, an increase of 46.77% year-on-year. It achieved a net profit attributable to shareholders of 70.67 million yuan, turning losses into profits year-on-year. The company's gross profit margin was 14.27%, an increase of 5.10 percentage points year-on-year. It achieved a basic earnings per share of 0.06 yuan, turning positive year-on-year, and a diluted return on net assets of 1.08%, also turning positive year-on-year. Regarding the excess shipments in the first quarter, the company expressed confidence in achieving annual lithium battery shipments of 400 million units. Currently, Blue Lithium's finished product inventory is approximately sufficient for one month of sales.