In the first quarter of this year, due to the significant increase in orders, high capacity utilization rate, and significant year-on-year growth in sales of positive and negative materials, BTR is expected to achieve a net profit of 240 million to 270 million Yuan in the first quarter of this year, an increase of 80.49% - 103.06% over 133 million Yuan in the same period of last year.
On the evening of April 2, new third board select layer positive and negative material manufacturer BTR (835185) released a performance forecast. The company is expected to achieve a net profit of 240 million to 270 million Yuan in the first quarter of this year, an increase of 80.49% - 103.06% compared with 133 million Yuan in the same period of last year.
According to the performance forecast, in 2020, the sales of new energy vehicles rose sharply year on year, downstream battery manufacturers increased production, and the market demand for battery materials increased rapidly. In this context, in the first quarter of 2021, BTR's orders increased significantly year-on-year, its capacity utilization rate was high, and the sales volume of positive and negative materials increased significantly year-on-year, which promoted the performance of this period to achieve a significant year-on-year growth.
It is reported that BTR, founded in 2000, is a global leader in anode materials for lithium-ion batteries. Its main business is anode and cathode materials for lithium-ion batteries. In 2015, BTR was listed on the new third board, and in July 2020, it will be promoted to the selected level of the new third board. In terms of shipment volume, since 2013, BTR's shipment volume of anode materials has ranked first in the world for 8 consecutive years.
In addition, according to the 2020 annual report previously released by BTR, the company achieved an operating revenue of 4.451 billion Yuan last year, up 1.41% year on year. Among them, the sales volume of negative electrode materials was 75275.82 tons, realizing an operating revenue of 3.151 billion Yuan, with a year-on-year growth of 27.61% and 7.57% respectively; the sales volume of positive electrode materials was 21388.42 tons, realizing an operating revenue of 1.042 billion Yuan, with a year-on-year growth of 58.04% and 29.26% respectively.
According to the announcement, the overall planning of the cooperation project is an annual output of 120000 tons of negative needle coke production line and an annual output of 80000 tons of high-end man-made graphite anode integrated production line, which is planned to be constructed in two phases. The first phase of the project includes an annual output of 60000 tons of negative needle coke production line and an annual output of 40000 tons of man-made graphite anode integrated production line. The total investment of the first phase of the project is expected to be 1.512 billion Yuan. The second phase of the project plan includes the new production line of negative electrode needle coke with an annual output of 60000 tons and the new integrated production line of high-end man-made graphite negative electrode with an annual output of 40000 tons. The specific progress depends on the market situation after the first phase is put into operation.
Contact Person: Mrs. Sandy Chung
Tel: +86-135 5564 2447