Lithium battery profits rise rapidly Enterprises will usher in market development opportunities

On August 6, the Ministry of Industry and Information Technology disclosed that in the first half of the year, China's lithium battery manufacturing enterprises completed a year-on-year increase of 17.
4% in main revenue, a year-on-year increase of 72.
8% in total profits, and a year-on-year increase of 43.
1%
in total taxes.
The rapid rise in profits in the lithium battery industry is closely related
to the sales volume of new energy vehicles.

Data show that China's new energy vehicle production in July was 20,400 units, a year-on-year increase of 2.
5 times, and it is expected to complete the sales target
of 200,000 units in 2015.
With the successive landing of subsidy rules in various places and the introduction of charging facility support policies, electric vehicle sales will continue to grow at a high rate and bring substantial order support
to upstream lithium battery companies.

According to the data of the Ministry of Industry and Information Technology, from January to June 2015, the cumulative main business income of battery manufacturing enterprises above designated size in the country increased by 0.
4% year-on-year, the total profit increased by 27.
3% year-on-year, and the total completed tax increased by 7.
9%
year-on-year.
Among them, the revenue growth rate and profit growth rate of lithium-ion batteries are much higher than the industry average, indicating that the proportion of lithium battery market is rising
rapidly under the background of the accelerated development of new energy vehicles and energy storage markets.