HCM is out of the red with an earnings per share of 0.5 NTD
The 2022 shareholders' meeting of HCM has ratified the 2021 business report, and the financial statements. With an operating margin of 50%, a profit after tax of 30.25 million NTD, and an earnings per share of 0.5 NTD, HCM is out of the red and its annual revenue of 2021 grew substantially by 387%, reaching 161 million NTD. The primary income source of HCM is its powder equipment. With the ongoing verification of LMFP mass production, and the fulfilling equipment automation, the business of HCM is expected to grow continuously this year.
The rise of electric vehicles and energy storage systems result in high demand for lithium-ion batteries. NMC batteries and LFP batteries become the mainstream products in the market. Nevertheless, NCM and LFP materials separately have disadvantages in cost, safety, and endurance, while LMFP balances the advantages among these materials.
HCM continuously improves the characteristics of LMFP and presents the new generation at IBS in March, AABC in June, and AABC Europe in December. HCM supplies LMFP to its international customers for different applications including energy storage systems, mobile devices, and military devices. It’s expected that HCM will receive the order from an international customer for military application in 2023.
Last year HCM raised 820 million NTD and was proactively planning to purchase land and build new plants. It’s reported that HCM received a powder equipment order with amount of 519 million NTD at the end of last year. Following the customer’s building schedule, HCM will deliver the equipment successively in 2023, which brings the considerable revenue to the company.
Reference: https://www.chinatimes.com/newspapers/20220609000209-260204?chdtv
