GEM last year's net profit of 610 million battery materials against the world brand within two years

On the evening of April 26, GEM also announced the 2017 annual report and the first quarter report of 2018. Both performance reports showed that the company entered a new stage of rapid growth in scale and efficiency.

Two performance reports show that GEM achieved operating revenue of 10.752 billion Yuan in 2017, an increase of 37.22% over the same period of last year; net profit of 610 million Yuan, an increase of 131.42% over the same period of last year; 26 Yuan (including tax).

In the first quarter of 2018, the company achieved operating income of 3.084 billion Yuan, an increase of 80.05%, net profit of 171 million Yuan, an increase of 68.31%; meanwhile, the company expects net profit realized in the first half of 2018 The growth rate is 30%-60%.

GEM said that in 2017, the company's Jingmen, Taixing and Yuyao three parks became the world's largest intelligent manufacturing base for lithium-ion battery materials. The annual sales of ternary precursors exceeded 20,000 tons, and the shipments were the first in the industry. The annual sales of cobalt oxide precursors exceeded 11,000 tons, and shipments ranked among the best in the world.

In the annual report, GEM specifically stated that all the leading products of the company must become the best products in the industry in China within one year. It will become a world-class product within two years, and the company will enter the new era with high quality.

During the reporting period, GEM and Bonpap signed a cooperation agreement on the construction of a 20,000-ton/year ternary cathode material production line, further consolidating the company's ability to provide ternary materials to CATL, the largest power battery company in China, and safeguarding the GEM ternary battery market position of materials in the country.

In the international market, GEM has developed more rapidly. The annual report shows that the company's new energy battery materials and materials have successfully entered the mainstream international customers such as Samsung SDI and ECOPRO, and the export volume has grown rapidly. The export volume in 2017 reached 2.481 billion Yuan, a year-on-year increase of 546.76%.

In the annual report, GEM specifically stated the shipments of major products in 2018. In 2018, the company strives to ship more than 8,000 tons of large-particle cobalt oxide, more than 40,000 tons of ternary precursors, 5,000 tons of lithium cobalt oxide materials, and 8,000-10,000 tons of ternary materials to consolidate the company's ternary The core position of the mainstream market for materials, cobalt oxide and lithium cobalt oxide.

For product quality, GEM also put forward clear goals. According to GEM, in 2018, the company will benchmark the world's brands of mainstream products, develop precise quality improvement goals, and implement running. It will become the best product in China within one year, become a world-class product within two years, and enter the world with stable and first-class quality. The mainstream market, resolutely win the Gemme quality brand construction project this hard battle!

According to reports, GEM, which started from used batteries, has the most unique advantages of its industry chain. In 2018, GEM will continue to comprehensively promote the construction of the new energy life cycle value chain of “Battery Recycling – Material Recycling – Battery Recycling”, with advanced commercial recycling mode, mature and complete dismantling production line, and large-scale market-oriented cascade utilization. The products and other achievements have rapidly developed into the world's leading power battery recycling and cascade utilization leading enterprises.

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