CITIC Securities: New orders in the first quarter exceed expectations, continue to be optimistic about the lithium battery equipment sector.

A report from CITIC Securities Research pointed out that the lithium battery equipment industry is experiencing strong recovery in orders and performance driven by the expansion of leading battery manufacturers and high growth in energy storage demand. In the first quarter, top equipment companies signed orders significantly exceeding expectations, with year-on-year and quarter-on-quarter growth continuing to be high. It is expected that the logic of "order recovery - delivery capacity improvement - profit margin recovery" on the equipment side will continue to be validated throughout the year. The current sector's demand-driven logic is clear, with high oil prices resonating with downstream high prosperity, and it is still optimistic about the allocation value of the lithium battery equipment and solid state battery sectors.