· Yiwei lithium energy Q1 power business increased 132%

On April 27th, Yiwei Lithium released the first quarter report of 2017. The data shows that in the first quarter, Yiwei Lithium can realize a revenue of 570 million yuan, an increase of 184 million yuan, an increase of 47.82%; the net profit attributable to shareholders of listed companies is 53.761 million. Yuan, an increase of 16.11 million yuan, an increase of 42.81%.
Yiwei Lithium said that there are two main reasons for the growth:
First, lithium primary batteries, lithium-ion consumer batteries, and electronic cigarettes continued to grow steadily. In the market environment where the demand for smart meters in China is declining, Yiwei Li can seize the emerging Internet of Things, such as the opportunities of high-speed development of shared bicycles and E-calls, and realize operating income of 191 million yuan, an increase of 10% over the same period of the previous year. .
The second is the release of power and energy storage battery capacity and breakthroughs in research and development. In the first quarter, Yiwei Lithium Energy Co., Ltd. achieved operating income of 189 million yuan, an increase of 132% over the same period of the previous year.
During the reporting period, Yiwei Lithium's 2.5GWh cylindrical ternary battery production line entered the installation and commissioning stage, and the construction of 1.0GWh soft-package ternary battery plant was basically completed; it is expected that its two bases in Huizhou and Hubei Jingmen will complete 9Gwh capacity in 2017. Construction Planning.
Yiwei Lithium revealed that its energy density of LF68 and LF90 lithium-ion batteries has reached 145Wh/kg or more, which is in line with the subsidy requirement of 1.2 times the central financial subsidy standard. From the beginning of the year to the disclosure date of this report, a total of 33 new energy vehicles equipped with Yiwei lithium battery and power system were selected as “Recommended Models for New Energy Vehicle Promotion and Application”.
During the reporting period, Yiwei Lithium was able to obtain an order from Nanjing Jinlong Super 1 billion yuan. On January 9th, signed a "Strategic Cooperation Agreement" with Nanjing Jinlong Bus Manufacturing Co., Ltd., the two parties formally became strategic partners, and will cooperate in the development of power battery products for new energy vehicles. It is expected that Nanjing Jinlong will purchase 1 billion yuan worth of power batteries from Yiwei Lithium Energy in 2017.
At the same time as the lithium battery business is overweight, Yiwei Lithium Energy is also speeding up the divestiture of McVewell, which is the main e-cigarette business. During the reporting period, it reaffirmed that Yiwei Lithium and McKay have signed a Memorandum on Supporting McQuay's Independent IPO with seven sponsor shareholders. It is planned to transfer 7% of McQuay's shares in the stock transfer system trading support platform. Yiwei Lithium, which will successfully reduce its e-cigarette business, may add more funds to the main business of lithium batteries.

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