Recently, according to media reports, up to now, a total of 1,203 A-share listed companies in the Shanghai and Shenzhen stock markets have released their 2016 annual results forecast, including 860 pre-incubation companies (including pre-increased, renewed profits, turned losses, slightly increased), accounting for Compared with 71%; 265 companies were pre-dropped, accounting for 22%; 78 companies were uncertain, accounting for 7%.

Throughout the new energy automobile industry, affected by the national policy drivers, from the entire vehicle to the core components, the performance of listed companies has become increasingly prominent. It is not difficult to see that in 2017, with the continuous advancement of the industrialization of new energy vehicles, “big industry, big capital” will undoubtedly become an important label for the entire industry.

According to statistics, as of February 23, 2017, 122 lithium battery companies that announced the 2016 annual report performance forecast, according to the maximum change in the forecast net profit, nearly 80% of enterprises achieved net profit growth. Among them, the number of enterprises with the largest increase in net profit forecasting more than 100% year-on-year reached 48; the number of enterprises with a forecast net profit exceeding 100 million yuan was 68. It is confirmed that in 2016, under the background of the production and sales of new energy vehicles exceeding 500,000 vehicles, the new energy automobile industry chain, especially the lithium battery industry, is booming development momentum.

At the same time, it is worth noting that with the introduction of subsidies for new energy vehicles in 2017, the pressure on subsidies to bring to the auto companies will also increase the cost pressure of power battery companies upstream of the industrial chain. Even related lithium battery industry experts said that some electric passenger car manufacturers in 2017 for battery manufacturers, the price requirements are to be reduced by 35% -40% than 2016. In 2017, in order to guarantee the market and profit of its own brand, new energy automakers will strictly control the cost of supporting lithium battery and lower the price of power battery manufacturers. From this point of view, this year, the lithium battery industry can be well-being, the author is still optimistic.

As for the pressure on policy subsidies to retreat to relevant fields, Wang Binggang, head of the National New Energy Vehicle Technology Innovation Engineering Expert Group, said before the introduction of the new energy vehicle subsidy policy in 2017: “Now it is said that overcapacity, actual On the other hand, good production capacity is not enough. This can be seen from the performance report of some listed companies. The products of leading enterprises are not sold out.” According to our research on the number theory, as of now, CATL and Guoxuan Hi-Tech Tianjin Lishen has announced its quotation system. Taking the CATL quotation system as an example, in addition to the different quotation standards for fast charge/non-fast charge, the quotation according to different energy density also conforms to the overall idea of ​​the subsidy policy. However, compared to the 2016 offer of 2 yuan / Wh or more, the overall offer in 2017 has indeed dropped to 1.8 yuan / Wh or even lower. This means that the price of the first power (1Kwh) power battery is generally 200-300 yuan lower than the previous year, which is undoubtedly the naked profit of the power battery manufacturers.

In this regard, we have sorted out the annual report of the listed companies of lithium batteries with outstanding performance. The follow-up will also sort out the information on vehicle production and motivation electronic control enterprises with the disclosure of relevant listed companies' annual reports.

10家上市公司2016年报预览,动力电池大降成本能否再迎挑战?

BYD

BYD announced on February 24 that the company expects to achieve total operating income of 103,974,867,000 yuan in 2016, an increase of 29.95%; net profit of 5,043,653 thousand yuan, an increase of 78.63%; basic earnings per share of 1.87 yuan. However, these benefits are not solely contributed by lithium batteries .

According to the statistics of China Association of Automobile Manufacturers, BYD New Energy Automobile's global sales volume in 2016 was approximately 114,000 units, an increase of approximately 70% year-on-year, accounting for 32% of the nation's new energy vehicle sales. Among them, the sales volume of passenger cars is about 100,000.

BYD was listed in 2011. In the same year, it was affected by the decline in domestic auto growth rate. Net profit decreased by 45.02% from RMB 2.5 billion in 2010 to RMB 1.385 billion. For the next four years, BYD's net profit continued to decline year-on-year. In 2015, benefiting from the rapid growth of the new energy automobile industry, BYD's net profit increased by 551.28% year-on-year to 2.823 billion yuan, returning to the pre-IPO profit level.

Xinwangda

On the 3rd, the 2016 annual performance report was released. It is estimated that the company's 2016 annual operating income will be 8.09 billion yuan, a year-on-year increase of 25.01%; the net profit attributable to shareholders of listed companies will be 450 million yuan, a year-on-year increase of 38.59%.

The data shows that the company's main products are divided into 3C lithium-ion battery modules, power lithium-ion battery modules, energy storage products. Among them, the 3C lithium-ion battery module business mainly includes mobile phone digital lithium-ion battery modules and notebook computer lithium-ion battery modules. In addition, the company and its subsidiaries have business development in the areas of batteries, BMS, automation, VR, precision plastics, laboratories, etc., in order to gradually improve the industrial chain and layout.

Nandu Power

Nandu Power's annual performance report shows that during the reporting period, the company achieved operating income of 7.149 billion yuan, an increase of 38.73% over the same period of the previous year; net profit attributable to shareholders of listed companies was 330 million yuan, an increase of 62.35%.

The lithium battery business increased by about 40% compared with the same period of last year, among which the communication lithium battery business increased by 34%. Although the power lithium battery business was less than expected due to the national policy, it still increased by 60% compared with the same period of last year, making the lithium battery business profit contribution increase over the same period of last year. 40% or more.

Guoxuan Hi-Tech

In the 2016 annual performance report issued by the National High-Tech, the company achieved a total operating income of 4.758 billion yuan, an increase of 73.3%, and a net profit attributable to shareholders of listed companies of 1.039 billion yuan, an increase of 77.79%.

The growth in performance was mainly due to the good growth of China's new energy vehicle market in 2016. The company's power lithium battery capacity increased further. The company's power lithium battery sales revenue increased significantly, and the net profit attributable to shareholders of listed companies increased simultaneously.

Previously, Guoxuan Hi-Tech revealed that the company is accelerating the upgrading of product technology. The energy density of lithium iron phosphate single cell battery can reach 150-160 wh/kg, meeting the technical standard of battery system greater than 115 wh/kg after grouping; The production line of Yuan cathode material has started construction. It is expected to be put into production in 2017. At that time, the company will complete the self-sufficiency of high specific energy ternary cathode material. The company's ternary battery energy density will further increase by 10% to 195-200 wh / kg.

Kenrui Woneng

At present, affected by the overall market expansion of the Waterma Innovation Alliance, the current total operating income is 4.512 billion yuan, an increase of 676.11% over the same period of the previous year; the net profit attributable to shareholders of listed companies is 427 million yuan, an increase of 1107.66% over the same period of the previous year. The growth rate is as high as 11 times.

Jianruiwo completed the 100% equity acquisition of Waterma last year and included Waterma's September-December 4 months results into the company's statements. During the consolidated statement period, Waterma contributed operating income of 3.875 billion yuan and net profit of 435 million yuan to the company, which had a significant positive impact on the company's 2016 results.

It is reported that in 2016 China's power battery installed capacity reached 521,879 units. Among them, the installed capacity of passenger cars is 322,819, the installed capacity of new energy buses is 137,830, and the installed capacity of special vehicles is 61,230. Waterma's total installed capacity of power batteries in 2016 is the first in the field of special vehicles.

Bikang

Bikang shares released the 2016 annual performance report on February 27. In the report period, the company achieved operating income of 3.76 billion yuan, an increase of 84.3%; net profit attributable to shareholders of listed companies was 933 million yuan, an increase of 65.02%.

Bikang said that during the reporting period, due to the strong demand in the lithium battery market, the demand for upstream lithium chemical products increased rapidly. The production capacity of the company's new energy segment lithium hexafluorophosphate was effectively released. The sales price, sales volume and gross profit margin both increased significantly year-on-year. The ability is significantly enhanced. During the reporting period, the product contributed a gross profit of approximately 399 million yuan to the company.

Yiwei Lithium Energy

In the report period, the company achieved operating income of 2.34 billion yuan, an increase of 73.45%; net profit attributable to shareholders of listed companies was 252 million yuan, an increase of 66.43%.

Among them, the lithium-ion battery business achieved operating income of 830 million, an increase of 160.4% over the same period of the previous year. Thanks to the successful selection of the Ministry of Industry and Information Technology in 2016 “in accordance with the “Automobile Power Battery Industry Standards and Conditions” Enterprise Catalogue (Fourth Batch)”, the production capacity of lithium iron phosphate square batteries and ternary cylindrical batteries will be released in the second half of the year, and the power batteries will be sold on a large scale.

Tuobang

Tuobang's 2016 annual performance report shows that during the reporting period, the company achieved operating income of 1.827 billion yuan, a year-on-year increase of 26.36%; net profit attributable to shareholders of listed companies was 145 million yuan, an increase of 79.44%.

Tuobang shares said that the performance growth was mainly due to the development of the company's intelligent controller business. New energy business is growing as the company's business, the main products for nano-lithium iron phosphate batteries, the main direction for the application of new energy vehicles and energy storage systems; new energy vehicles, including pure electric buses, commuter cars, vehicles (such as logistics vehicles) , small cars and other low-speed vehicles, energy storage systems include communication base station power, emergency power, distributed energy storage.

Anda Technology

The report of Anda Technology shows that during the reporting period, the company achieved operating income of 912 million yuan, a year-on-year increase of 339.9%; net profit attributable to listed company shareholders was 266 million yuan, an increase of 437%.

Anda Technology said that operating income increased by 339.9% compared with the previous year, because the company's fundraising projects were completed and put into production in the report period, and the increase in sales of iron phosphate products, especially lithium iron phosphate products, led to an increase in operating income.

As a manufacturer of lithium iron phosphate battery cathode material lithium iron phosphate and its precursor, iron phosphate, the current products are lithium iron phosphate battery cathode material lithium iron phosphate and its precursor iron phosphate. The current customers mainly include lithium-ion battery manufacturers such as BYD, Hefei Guoxuan and AVIC Lithium.

Tianqi Lithium Industry

Tianqi Lithium Industry Preview, net profit in 2016 approached 1.6 billion yuan, an increase of more than 532%

In 2016, SQM, one of the world's three largest lithium giants, and organic lithium producer Lockwood entered the “Shopping Basket” of Tianqi Lithium. Tianqi Lithium signed an option purchase agreement with some shareholders of the M&A target. In the end, Tianqi Lithium gave up the option to purchase the shares of the above two companies.

At the same time, in 2016, Tianqi Lithium started the construction of a 24,000-ton battery-grade lithium hydroxide plant, which is progressing smoothly. It is expected to be completed and put into operation in October 2018.

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