Consumer battery power battery

Jun 27, 2019   Pageview:72

Event: Xinwangda announced the first quarter of 2018, operating income of 3.535 billion yuan, an increase of 59.53%, net profit of 115 million yuan attributable to shareholders of listed companies, an increase of 58.81%, after deducting the non-recurring profits and losses of listed companies, the net profit was 76 million yuan, an increase of 46.93 %.


The head of the lithium-ion battery dragon maintained a high growth rate. The company takes lithium-ion batteries as its core and comprehensively deploys 3 c-class consumer batteries, lithium-ion batteries, power batteries and smart wearable devices. During the reporting period, the company's overall shipments in the mobile phone market declined, and the competitive lithium battery continued to grow. The electric vehicle battery system business expanded rapidly, the power battery production line was built smoothly, and the company achieved overall operating income. And steady growth in net profit. At the end of the reporting period, the company completed a fixed increase, and this year will reduce the proportion of financial expenses.


The market share of mobile digital services has further increased. In the field of consumer batteries, the company has become a high-level supplier of Huawei, Xiaomi, the corresponding people, and global suppliers of well-known brands in the body. The company has cut into the supply chain of many international product lines, and its occupancy rate will continue to maintain rapid growth. In 2018, the mobile phone digital battery double-cell, the penetration rate of the special-shaped battery solution increased, bringing the value of a single battery to increase. After the company acquired Dongguan Liwei, it continued to invest in the R&D and production of batteries, and has completed the expansion of Huizhou Park. In the future, with the increase of the core rate, the company's revenue and profit levels will continue to rise.


Tablet and notebook business accelerated penetration. At present, the company's notebook business has a low market share. As the notebook battery shifts from 18650 to polymer soft pack, the global battery pack supply chain shifts to the mainland. The company enters the global tablet and notebook battery supply chain and further seizes Taiwanese manufacturers. Shares. In 2017, the company's notebook business accounted for only 7.73% of revenue, and the tablet and laptop battery unit price was several times that of mobile phones. We expect the company's notebook business revenue to be equal to that of mobile digital business.


The power battery technology industry is leading, and the performance improvement is highly certain. The power battery developed by the company has an energy density of 210 wh / kg, leading the industry. Actively develop customers, have already supplied goods for Geely Automobile, and signed a strategic cooperation framework or cooperation memorandum with five new energy vehicles such as Liuqi, Xiaopeng and Yundu. At the same time, the construction of the power core production line in Huizhou Park is smooth. In the second half of 2018, the 2GWh production capacity can be mass-produced. It is expected that by the first half of 2019, the 6GWh(including 4GWh) production capacity can be fully completed and put into production. With the mass production of power batteries, we expect the power battery business to increase by about 300% in 2018.


Intelligent hardware innovation model, becoming the largest supplier of Xiaomi ecological chain. In terms of intelligent hardware, the company cut into the supply chain of Xiaomi, Dajiang and other enterprises and became the company's new growth point. In 2017, the company's smart wearable equipment increased by 316% year-on-year, mainly because of the innovation of Xiaomi's ecological chain, which brought the company's shipment growth. At the same time, the company expanded its market space from the provision of lithium-ion batteries to foundry services. The revenue and profit margin and net profit margin of the segment business are about 1% higher than the company's average net profit margin. The company continues to deepen its cooperation with Xiaomi's ecological chain, expands its product range and continues to expand its market space. We expect that the company's intelligent hardware business will continue to grow at a high rate in 2018, an increase of more than 100%.


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