Ningde era 2018 performance report: revenue increased by 48.08%, net profit fell by 7.71%

However, after deducting non-recurring gains and losses, the annual net profit attributable to the listed company was 3.11 billion yuan, a year-on-year increase of 30.95%.

For the reason of the rapid growth in 2018, the Ningde era analyzed the reason in the express report mainly because of the rapid growth of the demand for the power battery market brought about by the rapid growth of the new energy vehicle market.

At the same time, the Ningde era also pointed out that in the new energy vehicle industry subsidy adjustment, technical requirements and other industries standardization, market changes in the broader environment, by strengthening the market development, and by increasing production capacity, control costs and other modes, so that sales Continued growth has further increased market share and effectively reduced costs.

In response to the decline in net profit, the Ningde era explained in the Express that the disposal proceeds from the transfer of Beijing Pride New Energy Battery Technology Co., Ltd. during the same period last year affected the company’s annual net profit.
In 2018, the Ningde era completed a number of milestone events.

The company established in 2011, in 2018, only used 24 days to “lightning” the meeting, and after the listing, it ushered in several daily limit boards, and climbed the market value of the GEM “new one.” At the same time, the market value of the Ningde era has exceeded the “big brother” BYD of the domestic new energy vehicle power battery. As of the close of February 27, the market value of the Ningde era was 188.88 billion. Among the Chinese auto companies and related industrial chain enterprises, the market value of the Ningde era was second only to SAIC.

In addition, with the rapid development of China’s new energy automobile industry, the Ningde era has become the scent of car companies.

Many Chinese first-tier car companies are “deeply bound” with the Ningde era. By the end of 2018, the Ningde era had already taken care of auto companies such as Auto, Dongfeng, Guangzhou Automobile and Geely, and established six joint venture battery companies.

Car companies are reluctant to be “passive” in the battery supply chain. For car companies, in order to popularize electric vehicles on a larger scale, it is necessary to reduce costs and form certain technological advantages. The self-built or integrated battery enterprise construction is dedicated to its own battery factory, which is beneficial to the car enterprises to ensure the high quality supply of batteries.

In 2019, the “friend circle” of the Ningde era is still expanding.

On February 25, the Ningde era announced that the company signed a five-year long-term strategic cooperation agreement with BAIC New Energy and Beijing Pride New Energy Battery Technology Co., Ltd.

In the 21st century, the economic report reporter recently found out that the new joint venture company of the Ningde era and FAW Group, FAW Power Battery Co., Ltd., was registered on January 31 this year with a registered capital of 2 billion yuan. Among them, Ningde era invested 1.02 billion yuan, with a shareholding ratio of 51%; FAW Group invested 980 million yuan, with a shareholding ratio of 49%.

At this point, the Ningde era has reached a deeper cooperative relationship with the three central enterprises of the automobile industry and the three state-owned enterprises of the North, Shanghai and Guangzhou.

However, it is worth noting that for the fast-expanding Ningde era, the future also implies “risk.” In addition to BYD’s upcoming opening of the power battery supply, Japan and South Korea’s power battery company is making a comeback, vowing to face a positive confrontation with the Chinese power battery companies in the market after subsidies.

The industry believes that the cost of lithium-ion batteries will continue to decrease at this stage, and the Ningde era, as China’s leading power battery company, relies on its own research and development and policy support, and the cost will have a large room for future decline.

Source: China business news, 21st century business herald