On May 27, SZDF Nano Materials released the 2018 annual work report of the board of directors. According to the report, in 2018, the company's operating conditions were good, and the production and sales of its main product, lithium iron phosphate nano, continued to increase. During the reporting period, the company sold 17,479.51 tons of nano lithium iron phosphate, an increase of 52.61% over the same period of the previous year.
SZDF Nano is mainly engaged in the development of Nano lithium iron phosphate battery cathode material, carbon nanotube conductive liquid and carbon nanotube material technology, and produces and sells related products, mainly including nano lithium iron phosphate, carbon nanotube conductive liquid, etc. In 2018, the company realized operating income of RMB 1,053,649,900, an increase of 23.26% over the same period last year; realized operating profit of RMB 11,274,419, an increase of 6.00% over the same period last year; and realized net profit of RMB 98,162,200, an increase of 5.81% over the same period last year. At the end of 2018, the company's total assets exceeded RMB 10,183,681 million, an increase of 13.64% over the end of the previous year, and its net assets reached RMB 497,287,700, an increase of 24.58% over the end of the previous year. From January to March 2019, the company realized operating income of 220,910,600 yuan, a decrease of 8.44% compared with the same period of the previous year; realized net profit attributable to shareholders of listed companies of 24,500,300 yuan, an increase of 70.06% over the same period of the previous year.
The first phase of Qu Jinglin Iron has a planned annual output of 10,000 tons of lithium iron phosphate. After the completion of the first phase, the two parties will further negotiate for additional capacity. In order to promote the joint venture to be completed and put into production as soon as possible, German Nanometer intends to provide a loan of RMB 118.5 million to Qu Jinglin Iron after the capital increase to supplement Qu Jinglin Iron's working capital. In addition, the Ningde Times will purchase lithium iron phosphate from Qu Jinglin Iron, and prepay for it not more than 131.5 million yuan.
On April 24, SZDF reviewed and passed the Proposal on Using the Raised Funds to Provide Loans to Wholly-owned Subsidiaries for the Implementation of Raised Investment Projects. The company intends to use the raised funds to provide a wholly-owned subsidiary, Foshan Defang Nanotechnology Co., Ltd. with interest-free loans for the implementation of the raised funds investment project "15,000 tons of nano-lithium iron phosphate project" with a total amount not exceeding RMB 279,733,300 .