Revenue growth of consumer lithium-ion batteries Zhuhai Guanyu earned more than 10.3 billion yuan last year

On the evening of February 25th, Zhuhai Guanyu (688772) disclosed its performance, KuaiBao, that the company's total operating income in 2021 was 10.347 billion yuan, an increase of 48.58% over the same period last year, and its mother's net profit was 947 million yuan, an increase of 15.95% over the same period last year. As of December 31, 2021, the company's total assets were 16.093 billion yuan, up 87.51% from the beginning of the year, and the owner's equity belonging to the parent company was 6.3 billion yuan, up 94.07% from the beginning of the year.

Main financial data and indicators of Zhuhai Guanyu in 2021 (unit: 10,000 yuan)

Zhuhai Guanyu said that the main factors contributing to the increase in the company's performance in 2021 compared with last year were the expansion of the company's consumer lithium-ion battery business and the increase in product sales revenue.

Data show that Zhuhai Guanyu was founded in 2007 and listed in Science and Technology Innovation Board in October 2021, the main products are consumer lithium-ion battery products, including batteries and PACK, downstream applications including notebook computers, tablet computers, smart phones, smart wearable devices, consumer drones and so on.

At present, Zhuhai Guanyu is actively developing the power battery business. In November 2021, Zhuhai Guanyu announced that Zhejiang Guanyu, a wholly owned subsidiary of the company, plans to build a new lithium-ion power battery project in Baibu Economic Development Zone, Haiyan County, Jiaxing City, Zhejiang Province, with an annual output of 10GWh lithium-ion power battery, with a total investment of no more than 4 billion yuan, of which fixed asset investment is about 3.5 billion yuan.

In addition, in November 2021, Zhuhai Guanyu also announced that Zhuhai Guanyu Power Battery, a wholly owned subsidiary of the company, recently received a "fixed-point notice" from SAIC Group. SAIC chose Guanyu Power Battery as its designated supplier to develop and supply 12V lithium batteries for Zhiji LS7 models. Guanyu Power batteries will be mass produced and supplied in 2022.

According to a research report released by Pacific Securities, Zhuhai Guanyu core products are the core products, and the main end customers include international well-known consumer electronics brands such as HP, OPPO, Lenovo, Xiaomi, Huawei, Microsoft, DELL, Asustek and so on. In addition, the company's power lithium-ion battery products including cell, module and PACK, are mainly used in automobile start-stop system and electric motorcycle; the company's power lithium-ion battery started relatively late and has entered the supply chain system of China Motor, Cummins, Haojue and other manufacturers, mainly used in automobile start-stop system.