On May 22, 2021, Guoxuan Hi-Tech Yichun Lithium Battery New Energy Project Commencement Mobilization Meeting was held in Yichun Economic and Technological Development Zone.

It is reported that Guoxuan High-tech Yichun Lithium Battery New Energy Project has a total investment of 11.5 billion yuan and is constructed in two phases. It is mainly engaged in mining resource development, lithium carbonate extraction, lithium battery research and development and manufacturing, energy storage system development, etc., to create a full industrial chain of power batteries The system is expected to achieve an annual output value of 20 billion yuan after reaching full capacity. It is reported that this project is the first tens of billions project introduced by Yichun City at this level, and it is also the largest single project investment in Yichun industrial enterprise. After the completion of the project, it will promote the development of Yichun's new energy industry and help realize advanced industrial foundation and modernization of industrial chain.

Guoxuan Hi-Tech achieved operating income of 6.724 billion yuan in 2020, an increase of 35.60% year-on-year; net profit attributable to owners of the parent company was 150 million yuan, an increase of 192.02% year-on-year. Benefiting from the strong downstream demand for domestic new energy power lithium batteries, Guoxuan Hi-Tech’s sales of power lithium batteries in 2020 reached 2,583,1 million Ah, a year-on-year increase of 69.24%; revenue was 6.277 billion yuan, a year-on-year increase of 45.27%, and revenue accounted for 93.35. %.

Engineering: infrastructure construction, infrastructure projects, infrastructure engineering news

In the first quarter of 2021, Guoxuan Hi-Tech achieved revenue of 1.292 billion yuan, a year-on-year increase of 77.09%; net profit was 47.918 million yuan, a year-on-year increase of 42.49%. According to the development plan, the company will achieve the strategic goal of achieving 100GWh production capacity by 2025, world-class technical capabilities, no less than 20% of power service revenue, and no less than 20% of the domestic market share. Editor/He Yuting