In 2021, Xinwangda will achieve a total operating income of 37.359 billion yuan, a year-on-year increase of 25.82%; a net profit attributable to the parent company of 916 million yuan, a year-on-year increase of 14.18%; of which, the power battery business will achieve revenue of 2.933 billion yuan in 2021, a year-on-year increase of 584.67% .
Sunwanda
On the evening of April 12, Xinwangda (300207) released its 2021 annual report. The company will achieve a total operating income of 37.359 billion yuan in 2021, a year-on-year increase of 25.82%; the net profit attributable to the parent company is 916 million yuan, a year-on-year increase of 14.18%.
Sunwanda
High growth of power battery business
Xinwangda said that in 2021, the company's traditional core business will continue to develop steadily, the revenue of the consumer lithium battery business will continue to grow, the production scale of the consumer battery cell business will gradually expand, and the utilization rate will increase steadily. It will effectively increase the added value of products and improve the overall profitability of the company; the electric vehicle battery business is progressing smoothly.
Specifically, in the consumer lithium battery business, in 2021, despite the epidemic and global chip shortages hindering supply, with the gradual release of suppressed consumer demand, global smartphone shipments will resume growth for the first time in four years. Benefiting from the recovery and growth of the industry, Sunwoda's mobile phone digital business achieved revenue of 20.795 billion yuan, a year-on-year increase of 26.77%.
At the same time, in 2021, global notebook computer shipments will maintain rapid growth and reach a new high driven by consumer demand such as distance education and home office. Driven by new incremental opportunities, Sunwoda's notebook computer lithium battery products have been adopted by many well-known domestic and foreign manufacturers. With the continuous increase in customer penetration, the company's notebook computer battery business continues to grow. In 2021, it will achieve revenue of 5.419 billion yuan. Compared with 2020, it has increased by 30.57%. In the future, the company's notebook computer lithium battery will gradually increase its market share, continue to expand the world's leading notebook brand customers, further increase the industry's penetration rate and market share, and become an important business growth point in the company's consumer battery field in the next 3-5 years.
In addition, in 2021, Sunwoda's consumer battery business is also in a period of rapid growth: the company's annual capacity expansion plan has been successfully completed, the subsidiary Zhejiang Liwei Phase I has achieved mass production, and the subsidiary Dongguan Lithium Microelectronics minicell fully automated production The line transformation is completed and put into use.
In terms of electric vehicle battery business, Sunwoda's power battery revenue in 2021 will be 2.933 billion yuan, a year-on-year increase of 584.67%. According to data from the China Automotive Power Battery Industry Innovation Alliance, the total power battery shipments in 2021 will be 3.52GWh. According to SNEResearch data, the global installed capacity of power batteries in 2021 will be 296.8GWh, a year-on-year increase of 102.18%. In November 2021, Sunwoda entered the tenth place in the world for the first time in a single month, and the installed capacity in a single month in December rose to the ninth place in the world.
The battery network learned that Sunwoda's power battery products focus on square aluminum shell cells, covering BEV, HEV, 48V and other application markets. In addition to the application in the field of vehicles, the company's lithium iron phosphate products have obtained the type approval certificate of China Classification Society, which has expanded the application in the field of electric ships, and has achieved batch delivery of differentiated products for ships.
In terms of customers, in addition to Nissan, Renault, Mitsubishi Alliance and other international customers, it has cooperated with most domestic customers who have HEV needs, and will start mass delivery in 2022. The company has successively obtained Dongfeng Liuqi Lingzhi CM5EV, Dongfeng E70, Geely PMA platform, SAIC ZS12 platform and other car company model projects; in energy storage applications, the company has launched comprehensive cooperation with leading companies, and will be delivered in batches in mid-2022; in the field of fast charging, The product maturity and stability are leading in the industry, and it has obtained fixed-point models from many leading customers. At present, the company has established cooperative relations with many well-known car manufacturers at home and abroad, and established a simultaneous joint development mechanism with customers on mainstream models in many markets. The car companies that have established cooperative relations include: Renault, Nissan, Easyjet, Geely, Dongfeng, GAC, SAIC-GM-Wuling, SAIC Passenger Cars, etc.
It is worth mentioning that in the field of power storage, Sunwoda focuses on domestic and foreign new energy developers and EPC manufacturers, and has made great breakthroughs in cooperation with domestic and foreign new energy sides and major domestic power generation companies. , and won energy storage projects with a scale of 10MWh or above, such as 13.3MWh in Africa, 30MWh in Datong, Shanxi, and 24MWh in Xinhe, Hebei.
Battery capacity expansion accelerates again
Entering 2022, Sunwoda's power battery business continues to make breakthroughs: in the first quarter of this year, a total of 42 power battery companies in my country's new energy vehicle market achieved vehicle installation support. The share is 1.58%.
At the same time, Sunwoda is also speeding up in terms of capacity expansion, orders, financing and other aspects:
On the evening of March 17, Sunwangda announced that the company's subsidiary Sunwangda Electric Vehicle Battery Co., Ltd. (hereinafter referred to as "Sunwangda Auto Battery") intends to sign the "Shifang Municipal People's Government Project Investment Agreement" with the Shifang Municipal People's Government. It plans to invest in the construction of "Xinwang Dashfang Power Battery and Energy Storage Industry Production Base Project (tentative)" in Shifang Municipal District. The project plans to invest a total of 8 billion yuan to build a 20GWh power battery and energy storage battery production base.
On the afternoon of March 11, the Zhuhai Municipal People's Government and Xinwangda Electric Vehicle Battery Co., Ltd. signed a project investment agreement. According to the agreement, Xinwangda Electric Vehicle Battery Co., Ltd. will invest in the construction of Xinwangda new energy production base project in Zhuhai, Guangdong. The project covers an area of about 800 acres and has a total investment of 12 billion yuan. After completion of construction, it will reach an annual production capacity of 30GWh of power batteries and energy storage batteries. It is expected to be put into operation in the second half of next year.
On March 1, Sunwoda announced that Sunwoda Electric Vehicle has recently received a designated notice from SAIC Group (600104) on the ZS12MCE HEV project, and will supply power battery assembly products for the SAIC Group ZS12MCE HEV project.
On February 26, according to the news released by Zaozhuang National High-tech Zone, at the recent 2022 major project commencement ceremony in Shandong Province, with an investment of 20 billion yuan, the construction of the 30GWh power battery project with an annual output of 30GWh officially kicked off. According to reports, the project plans to cover an area of 1,000 mu and a construction area of about 1 million square meters. It mainly builds an annual output of 30GWh of power batteries, energy storage batteries and supporting production bases. It is currently the largest single-invested lithium battery industry project in Zaozhuang.
On February 24th, Sunwoda announced that in order to further meet the strategic development needs of Sunwoda's automotive power battery business, the company's board of directors has successively approved 23 companies to increase capital in Sunwoda's automotive batteries. Group, Dongfeng Group and other well-known car companies and a number of investors have increased capital of 3.33 billion yuan, all of which will be used for the daily operation of Sunwoda's automotive batteries.
On January 19, Xinwangda, Geely Group and Zhejiang Jirun also jointly invested about 5 billion yuan to start the construction of Shandong Geely Xinwangda project. The project covers an area of about 451 acres. After reaching production, it is expected to achieve an annual production capacity of 800,000 sets of hybrid batteries, with an annual output value of 6 billion yuan.
Xinwangda said that the company has formed eight production bases including Shenzhen Baoan, Shenzhen Guangming, Huizhou Boluo, Jiangsu Nanjing, Zhejiang Lanxi, India New Delhi, Shandong Zaozhuang and Jiangxi Nanchang. In the future, the company will build two new production bases in Zhuhai, Guangdong and Shifang, Sichuan. Base, expand the production and manufacturing capacity of the enterprise, optimize the manufacturing layout, and enhance the company's overall comprehensive competitiveness.
