China’s Hymson Laser Hits Limit Up as CATL Places USD104.7 Million Order
Tang Shihua
DATE:  May 18 2021
/ SOURCE:  Yicai
China’s Hymson Laser Hits Limit Up as CATL Places USD104.7 Million Order China’s Hymson Laser Hits Limit Up as CATL Places USD104.7 Million Order

(Yicai Global) May 18 -- Shares in Hymson Laser Intelligent Equipments surged by the exchange-imposed daily limit today after the Chinese laser equipment producer signed a CNY673 million (USD104.7 million) supply contract with China’s biggest electric car battery maker Contemporary Amperex Technology.

Hymson’s stock price [SHA:688559] soared 20 percent to reach CNY22.13 (USD3.44).

Hymson will provide laser and automation equipment to two of Ningde, southeastern Fujian province-based CATL’s lithium battery making facilities in southeastern Jiangsu and southwestern Sichuan provinces from June 30 to Dec. 11, the Shenzhen-based company said yesterday.

The value of the deal is 30 percent more than the firm’s entire revenue last year and as such will have a positive effect on Hymson’s performance this year, it added.

Editor: Kim Taylor

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Keywords:   Shenzhen Hymson Laser Intelligent Equipments,Purchase Order,Laser Equipment,Power Battery Production,Contemporary Amperex Technology