TU-TESL

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Recently, Blythe Technology (603959) announced that the company plans to increase the capital of Blythe lithium battery by 40 million yuan. After the capital increase, the registered capital of Blythe lithium battery will increase from 30 million yuan to 70 million yuan. According to blt, the capital increase of BLT can optimize the asset structure of BLT, further enhance its capital strength and financing ability, meet the capital demand of its future operation and development, and improve the overall operation ability of the company. According to hi tech lithium, Bailey lithium was originally Jiangsu NANDA Zijin lithium Intelligent Equipment Co., Ltd. announced by Bailey technology in July 2017 for cash consideration, and completed the industrial and commercial change registration procedures in September 2017, and changed its name to Bailey lithium in October. At present, we have accumulated high-quality customer resources including dangsheng technology, Sichuan xinlixiang, BAMO technology, etc., and have maintained a long-term and stable cooperative relationship with them. From the perspective of financial data, in the two years after the name change of Baili lithium battery, its performance has maintained a growth trend. In 2017, the annual sales of Baili lithium battery exceeded 200 million yuan, with a year-on-year growth rate of more than 300%, creating a new record. In 2018, the annual operating revenue of Baili lithium battery was 308 million yuan, a year-on-year increase of 182%; the net profit was 40.27 million yuan, a year-on-year increase of 78%. In addition, in the first half of 2019, the company's revenue was 549 million yuan, up 41.74% year on year, and its net profit was 40.3939 million yuan, down 48.93% year on year. Among them, in the first half of the year, the new orders of more than 1.6 billion yuan signed by bln, including 945 million yuan of Changzhou dangsheng technology project orders and 466 million yuan of Sichuan new lithium project orders. It is worth noting that not long ago, Bailey lithium battery also won an order of 471 million high energy density power lithium-ion materials from Chengdu BAMO. The contract is completed from November 30, 2019 to September 30, 2020. It can be predicted that with the continuous expansion of the capacity of lithium battery material enterprises, as the whole line supplier of lithium battery material equipment, Baili technology will continue to benefit in the future.