On the evening of April 9, azure lithium core (002245) released a performance forecast. It is expected that the net profit attributable to the parent company in the first quarter of 2021 will be 150 million yuan -165 million yuan, an increase of 1411.44% - 1562.59% year-on-year.

Azure lithium said that in the first quarter of 2021, the company's businesses were in good condition, and its overall operating performance also maintained a good growth compared with the fourth quarter of 2020. The lithium battery business continued to maintain a good trend in the fourth quarter, and was in a state of full production and sales as a whole, which was the largest source of contribution to the company's profits.

Statistics show that blue lithium core has been focusing on the production and research and development of ternary cylindrical power lithium batteries for many years. It has rich technology and market precipitation in the field of electric tools, and has gradually formed a mature and perfect manufacturing and research and development system. Especially in the field of high-power batteries, the company has always had a leading advantage in China.

It is reported that in 2020, azure lithium battery business achieved an operating revenue of 1.447 billion yuan, a year-on-year increase of 49.97%, and a net profit of 267 million yuan, a year-on-year increase of 137.87%.

Recently, azure lithium said in an interactive exchange with investors that the company's lithium battery business has an overall capacity of about 400million units per year. After the completion of the second phase expansion of Zhangjiagang factory, the total capacity will reach about 700million units. Huai'an Plant Phase I is about 600million. The sales volume target of lithium battery business this year is to increase by 70% year-on-year. The four newly expanded production lines in Zhangjiagang will be put into operation gradually in the second half of this year.

At present, due to strong downstream demand and insufficient upstream supply, tool lithium batteries have formed a tight balance. Southwest Securities predicts that in the future, the average annual growth rate of the whole tool lithium battery market will reach more than 15%, and the annual demand will increase by about 200million. Azure lithium cell is expected to increase its market share by relying on the channel advantages of major shareholders, and its new capacity will be brought into full play in the future. This year, the lithium battery business will contribute about 400million yuan in profits. Article source:Battery hundred people Association - battery network