GEM recently stated that the company’s laterite resource project in Indonesia is progressing in an orderly manner and plans to achieve mass production in 2021 to keep up with the company’s strategic demand for ternary precursors.
Through the implementation of this project, the company has built a lasting source of nickel resources. In the first half of this year, the sudden outbreak of the epidemic in China and the subsequent global epidemic caused severe damage to the global new energy industry chain and cemented carbide industry chain. 70% of the company’s production capacity is located in the epicenter of the epidemic in Hubei. In the reality of China’s sudden epidemic and subsequent resumption of production, 70% of the company’s core production capacity has suffered from 60 days of non-normal production and long-term logistics and personnel exchanges. Seriously affected the company's production and operation.
In the first half of 2020, the global sales of new energy power batteries dropped by more than 50% year-on-year, which not only brought a huge impact to the company’s sales of ternary materials, but also had a severe impact on the company’s production and operations. During the same period, the decline was large.
In the first half of 2020, the company's power battery recycling business and renewable resources business increased significantly, showing a good profit prospect, but it was not enough to fully hedge the impact of the decline in battery raw materials and battery materials business. In the second half of 2020, under the effective influence of various struggle measures in the first half of the year, the company’s various businesses have been revitalized, showing a booming trend, especially as the new energy material market picks up, the company will seize the opportunity to promote new The energy materials business was fully revitalized.
All the staff of the company are fighting the global epidemic with high spirits, fighting to revitalize the operation day and night, looking forward to the strategic adjustment, vowing to win the battle of operation revitalization after the epidemic, and to maximize the impact of the epidemic on the company's operating results in the first half of the year, and achieve annual results The stabilization of the company has provided investors with a good answer to the annual operating performance.
PUDA Company:
PUDA is specialized in automatic quantitative packaging machine for powder, granule, particle, pelleted, sliced, flaked, bulk materials.
Qinhuangdao Puda Electronic Co., Ltd , which provides automatic intelligent packaging solutions, is an automatic equipment manufacturing enterprise integrating R&D, manufacturing and sales of equipment. With a high-tech team engaged in the research and development and manufacturing of automation equipment, adhering to the concept of knowledgeable and dense, sincere service, from design and development, production and manufacturing to after-sales service, to professional technology, first-class quality service in all industries; Up to now, the strength and product quality of the company have been highly recognized by the industry. Welcome friends from all walks of life to visit, guidance and business negotiations.
PUDA machinery has been exported to more than 50 countries and regions.
Our customers are from different industries from mineral, metallurgy, agriculture, Industrial chemical to food.
We have built long-term cooperation with many of those leading brands with our service.
