Fengjiang Battery: Lithium Batteries for New Vape Industries are Growing Rapidly

According to the semi-annual report of Fengjiang Battery in the first half of 2018, due to the growth of lithium batteries used in the new tobacco and e-cigarette industry, the New Third Board Company Fengjiang battery sales accounted for more than half of the revenue, which achieves operating income of 148 million yuan and increases 49.23% year-on-year; net income attributed to shareholders was 40.92 million yuan, which was an increase of 79.39% over the previous year.fengjiang battery vape

Company Overview of Guangzhou Panyu Fengjiang Battery Manufacturing Co., Ltd.

Fengjiang Battery, the full name of Guangzhou Fengjiang Battery New Technology Co., Ltd., which was established in 2006. It is a joint-stock high-tech enterprise engaged in R&D, production and sales of lithium-ion batteries, stock code: 837375.

Fengjiang lithium battery products include lithium polymer soft pack battery, steel shell cylindrical battery and ultra-thin battery, which are widely used in new tobacco industry, e-cigarette, consumer & medical electronics, AGV, solar energy storage system, oil drilling exploration, The Internet of Things and other industries; products are exported to overseas, in Europe, the United States, Asia and other dozens of countries and regions, and the sales of “Fullriver” trademark series lithium battery products are the main source of income.fengjiang battery vape

Official site of Fengjiang battery: Fentcell

In the first half of 2018, lithium batteries used in the new tobacco and e-cigarette industry generated revenue of 105 million yuan (+68.99%), accounting for 70.86% (+8.29 pct) of total revenue. Lithium batteries for energy storage industries such as solar energy and Lithium batteries for the toy industry accounted for 22.21% and 5.97% of total revenue respectively.

In addition, the company expanded the market for product applications and developed markets in Europe, the United States, Japan and the domestic market. In the first half of 2018, the company’s export revenue was 89.6 million yuan (+15.37%), accounting for 60.43% of operating income.