In March, 2016, Easpring released its 2015 financial report. It showed that the company’s
revenue and net profit underwent substantial YoY growths, which was mainly
attributed to the great increase in sales volume of cathode material. Not only
that, this growth in fact is expected to continue throughout 2016 as well.
Source: Baidu
On
14 March, 2016, Beijing Easpring Material Technology Co., Ltd. (Easpring)
released its 2015 financial report.
-
Revenue:
USD131.53million (RMB860 million), up by 37.67% YoY
-
Net
profit attributable to equity holders of listed companies: USD2.03million
(RMB13.28 million), up by 151.90%
It is worth mentioning that 44.4% of the company’s total sales volume in 2015
was attributed to cathode materials (for alternative energy vehicle use), which
however only accounted for 0.8% in 2014.
“Last year, driven by the huge demand from alternative energy vehicle industry,
we adjusted our strategic focus to the R&D of EV Li-ion battery cathode
materials, and has successively developed several types of products suitable
for BEV Li-ion batteries,” Easpring said.
Amongst those products there were the nickelic multiple materials, which have
entered the supply chain of high-end brand vehicles and now are widely used in
branded alternative energy vehicles in China, Europe, the US, Japan and South
Korea.
As long as the alternative energy vehicle market keeps thriving, the cathode
material business is expected to account for a bigger proportion of the
company’s total sales volume this year.
Easpring’s
performance growth in 2015 was mainly attributed to following factors:
-
The
company has been actively developing its Li-ion battery cathode material
market at home and abroad, leading to a YoY growth of about 25% and 36% in
sales value and sales volume respectively
-
Easpring’s
subsidiary, Jiangsu Easpring Material Technology Co., Ltd. (Jiangsu
Easpring)’s 1st -phase project of vehicle power battery cathode
materials worked at full capacity
-
The
overall gross profit margin of the company’s multiple materials has increased
-
Beijing
Zodngoc Automatic Technology Co., Ltd. (Zodngoc), a company acquired by
Easpring, has been included since Aug. 2015 in Easpring’s consolidated
financial statement, leading to an increase in consolidated profit. Prior
to this, Easpring has restructured the major assets in Zodngoc after it
purchased 100% of shares in Zodngoc by issuing shares and raising
supporting capital. Obviously, Easpring has extended its main business
from cathode materials business to intelligent facility business, which
was in a rapid growth
-
The
investment return from its joint venture, Hunan Shinzoom Technology Co.,
Ltd., has witnessed a great YoY growth
-
CDB
Development Fund Co., Ltd. has invested USD9.18million (RMB60 million) in
Jiangsu Easpring’s Li-ion battery cathode materials production base
Easpring’
has its 2016 plan:
-
To
strengthen industry chain cooperation and accelerate power battery market
development
-
To
further develop Li-ion battery cathode material for high-end vehicles
-
To
fully utilize the capacity in Jiangsu Easpring and design future capacity
-
To
build a collective management system
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Tag: Easpring, Li-ion battery , cathode material