NUODE(SH:600110) He Xun Wang·2025-06-04 05:27Core Viewpoint - Nord Co., Ltd. showcases its operational achievements and future prospects during the 2024 annual and Q1 2025 performance briefing, highlighting its focus on high-value copper foil production and the growth potential in the lithium battery market [1] Financial Performance - In 2024, Nord's revenue reached 5.277 billion yuan, a year-on-year increase of 15.44%, while net profit was -352 million yuan, a year-on-year decrease of 1387.59% [1] - For Q1 2025, revenue was 1.409 billion yuan, a year-on-year increase of 34.29%, with a net profit of -37.67 million yuan, a year-on-year increase of 60.09% [1] Product Development and Market Strategy - The company is adjusting its product structure to focus on high-value copper foil R&D and production, which is expected to enhance profitability as production capacity increases [1] - Nord is heavily investing in R&D to develop various high-end copper foil products, including 4.5-micron products for customers, 4-micron for drones, and 3-micron for stable mass production [1] - The company is preparing for mass production of high-end products with a new production line in Huangshi, Hubei [1] Industry Outlook - The demand for lithium battery copper foil is expected to grow significantly due to the expansion of the new energy vehicle market, with China's sales projected to account for 70.50% of global sales in 2024, reaching 22.397 million units by 2025 [1] - Global lithium battery shipments are expected to reach 1,545.1 GWh in 2024 and 1,899.3 GWh in 2025, with the fastest growth in energy storage batteries, projected to reach 1,550.0 GWh by 2030 [1] - The development of AI is anticipated to increase the demand for high-end PCB copper foil, with expectations of reaching 206,000 tons by 2030 [1]