The pilot intelligence announced the first quarter report of 2018 on the evening of April 26. During the reporting period, the company's business revenue grew significantly, and its operating income was 65.7 billion yuan, an increase of 150.58 yuan over the same period last year. The net profit was 117.3 billion yuan, an increase of 90.8 million yuan over the same period last year.
The company's performance growth, on the one hand, is the state's support for the new energy automotive industry. The company's downstream lithium battery market has become increasingly prosperous, which has led to a significant increase in orders for the company's lithium battery equipment. On the other hand, the company has acquired a 100 stake in Titan New Power. Titan New Power became a wholly-owned subsidiary of the company. The company and Titan New Power belong to the specialized equipment manufacturing industry. The company's lithium battery front-end, mid-end production equipment manufacturing business, and Titan New Power's lithium battery back-end production equipment manufacturing business can form better business coordination. It extends the company's lithium battery production equipment business chain, improves the company's business scale, constructs new profit growth, and enhances the company's performance.
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