Ningde times plans to raise no more than 20 billion extra yards of power and energy storage batteries

category:Finance
 Ningde times plans to raise no more than 20 billion extra yards of power and energy storage batteries


No more than 20 billion yuan to be raised

The raised investment project mainly covers three parts: capacity expansion, project R & D and supplementary working capital, specifically including five projects, including Ningde times Huxi lithium-ion battery expansion project, Jiangsu power and energy storage lithium-ion battery R & D and production project (phase III), Sichuan times power battery project phase I, electrochemical energy storage frontier technology reserve R & D project and supplementary working capital. After the completion of the above projects, the annual capacity of lithium-ion batteries will be increased by 52gwh.

Huxi lithium ion battery expansion project has been put on the agenda of the company as early as April 2019. According to the results reviewed by the board of directors at that time, the total investment of the project was 4.624 billion yuan, which was self raised by the company and used for capacity expansion of lithium-ion battery, which was consistent with the information of the raised investment project. According to the introduction, the project will increase the annual capacity of lithium-ion batteries by about 16gwh, with a construction period of 3 years. It is expected to achieve an average annual operating revenue of 10.8 billion yuan, an average annual net profit of 800 million yuan, and a total investment recovery period of 6.14 years.

Jiangsu power and energy storage lithium-ion battery R & D and production project will increase the annual capacity of lithium-ion battery by about 24gwh, and it is expected to achieve an average annual operating revenue of 15.3 billion yuan and an average annual net profit of 1.3 billion yuan after reaching the production capacity; Sichuan times power battery project phase I will increase the annual capacity of lithium-ion battery by about 12gwh, and it is expected to achieve an average annual operating revenue of 8.1 billion yuan and an average annual net profit of 900 million yuan after reaching the production capacity.

The research and development project of electrochemical energy storage frontier technology reserve aims to lay out new energy storage materials and systems, and build a whole chain innovation layout and mutual support innovation system from frontier technology research to industrial application technology research integration.

Leading position remains stable

In recent years, new energy vehicle market demand is strong. According to the data of GGII, the global sales of new energy vehicles increased from 546000 in 2015 to 2.21 million in 2019, with an annual compound growth rate of 41.8%. It is estimated that by 2025, the global sales of new energy passenger vehicles will reach 11.5 million, with an annual compound growth rate of 31.6% compared with 2019.

As the worlds leading power battery enterprise, Ningde times ranked first in the world in terms of power battery sales from 2017 to 2019 for three consecutive years. In the first half of 2019, the Ministry of industry and information technology released a total of more than 2300 models of new energy models, of which 39% are supported by the companys power battery models, which is the largest power battery manufacturer.

At the same time of vigorously developing the power battery system business, Ningde times actively layout the energy storage battery business. In the half year of 2019, the companys sales revenue of energy storage system was 239913100 yuan, an increase of 369.55% over the same period of last year.

The company said that in the future, with the further improvement of the global 5g commercialization speed, the rise of the energy Internet driving the demand for energy storage, as well as the increase of foreign policy implementation in energy storage fields such as wind storage, optical storage and UPS energy storage, the energy storage market will usher in a rapid development stage in the future. GGII expects that the energy storage battery shipment will reach 67.5gwh in 2025, and the compound growth rate will reach 30% in the next six years.

At the same time, the R & D investment in Ningde era also shows a high growth trend. In the first three quarters of 2019, the companys R & D expenses reached 2.256 billion yuan, an increase of 96.54% year on year. At present, the company provides power battery products for SAIC, Geely, Yutong, BAIC, GAC, Changan, Dongfeng, Jinlong, Jiangling and other brand automobile enterprises, as well as emerging automobile enterprises such as Weilai, Weima and Xiaopeng in the domestic market. In the overseas market, the company further deepens cooperation with international automobile enterprises such as Tesla, BMW, Daimler, Hyundai, Jaguar Land Rover, Peugeot Citroen, Volkswagen and Volvo It has formed a sound development pattern of two wheel drive at home and abroad. Recently, Ningde times reached a cooperation agreement with Tesla to supply lithium-ion power battery products to Tesla. However, at present, the relevant cooperation only stays in the stage of intentional agreement, and the specific details are not determined. Source: responsible editor of Securities Times: Yang bin_nf4368

At the same time, the R & D investment in Ningde era also shows a high growth trend. In the first three quarters of 2019, the companys R & D expenses reached 2.256 billion yuan, an increase of 96.54% year on year.

At present, the company provides power battery products for SAIC, Geely, Yutong, BAIC, GAC, Changan, Dongfeng, Jinlong, Jiangling and other brand automobile enterprises, as well as emerging automobile enterprises such as Weilai, Weima and Xiaopeng in the domestic market. In the overseas market, the company further deepens cooperation with international automobile enterprises such as Tesla, BMW, Daimler, Hyundai, Jaguar Land Rover, Peugeot Citroen, Volkswagen and Volvo It has formed a sound development pattern of two wheel drive at home and abroad.

Recently, Ningde times reached a cooperation agreement with Tesla to supply lithium-ion power battery products to Tesla. However, at present, the relevant cooperation only stays in the stage of intentional agreement, and the specific details are not determined.