The battery aluminum foil business is actively expanding, and the GNEE results reflect the company's efforts to promote research and development, production, sales and other tasks around the annual operation plan. Due to the strong downstream market demand for aluminum foil and the release of the production capacity of GNEE's first-phase 40,000-ton high-precision electronic aluminum foil production project, the profitability of the company's aluminum processing business has significantly improved. The company's overall operating results in the first half of 2023 are higher than the same period last year. Big growth. In terms of business, the company's aluminum processing, paper packaging, and functional film businesses achieved revenue of 2.849, 507, and 33 million yuan respectively in 2022, with year-on-year changes of +11.12%, -0.02%, and -33.52% respectively. Among them, the aluminum processing business contributes the main revenue, and the market development has achieved good development.
GNEE took a short time from initial production to obtaining certification from some head battery customers, and the market expansion and certification process was smooth. From January to May 2022, Anhui Zhongji’s aluminum foil sales reached 98,000 tons, and its downstream customers include battery customers such as CATL, Duofuo, and Sunwanda.
From December 2022 to March 2023, the company's battery aluminum foil product yield rate exceeded 78%, which is at a good level in the industry. With the improvement of the running-in of machinery and equipment and the improvement of workers' operating proficiency, the battery aluminum foil products Yield will be further improved.
