Australia Shunchang announced on the evening of December 13 that since December 14, the company's Chinese securities abbreviation has been changed to "Azure Lithium Core", and the securities code remains unchanged.
According to the official website of Shunchang, the company is a company with a business income of nearly 4.3 billion yuan and 12 holding subsidiaries in Zhangjiagang, Shanghai, Dongguan, Huai'an and Yangzhou, with customers at home and abroad, across the three major fields of metal logistics and distribution, LED chips and new energy lithium electricity. On June 5, 2008, it was successfully listed on the SME board of Shenzhen Stock Exchange. from commissioning to listing, Australia Shunchang is one of the enterprises with the shortest time for successful listing in China.
Battery Network noted that since September 2020, the controlling shareholder of Aoyang Shunchang has been changed from Aoyang Group Co., Ltd. to Hong Kong Luwei Co., Ltd. It is reported that Luwei is a private joint stock limited company, mainly engaged in investment business.
At the same time, the company's lithium battery business has become the company's largest source of profits and the largest profit growth point. The operating income of Shunchang in the first three quarters of Australia was 2.797 billion yuan, an increase of 14.87% over the same period last year, while the net profit of its parent was 176 million yuan, up 83% from the same period last year. Of this total, the sales revenue of tool batteries in the first three quarters was about 900 million yuan, an increase of 33% over the same period last year. Especially in the third quarter, the net profit of lithium battery business exceeded 100 million yuan in a single quarter.
In terms of lithium battery business, Aoyang Shunchang entered the lithium battery industry through the acquisition of Jiangsu Tianpeng Power Co., Ltd. in 2011. Tianpeng Power supply has been established for 14 years, and lithium batteries have only been used as cylindrical ternary lithium batteries, mainly for small power tools (including vacuum cleaners, two-wheelers, electric motorcycles, etc.). With the recent commissioning of a new production line, the production capacity has reached about 1.15 million / day, and there is still capacity under construction in the future. The company widely covers the customer base of large tool enterprises at home and abroad.
Wu Hui, general manager of the research department of the Ivy Economic Research Institute, said in a previous exchange with the battery network that global shipments of lithium batteries for power tools have grown rapidly in recent years, climbing from 1.2GWh in 2011 to 11GWH in 2019, 9.17 times that in 2011. He expects the tight supply of power tool batteries to continue into the first half of 2021.
Tianpeng Power supply is a domestic supplier of cordless small power system lithium batteries focusing on high-end tools. in the face of the booming market demand, insufficient production capacity has affected the customer service and business development of Tianpeng Power. It restricts the rapid development of Tianpeng Power.
On the same day, Australia Ocean Shunchang announced that based on the current production capacity of Tianpeng Power, a wholly-owned subsidiary, it plans to invest in the Zhangjiagang City to invest 1 billion AH in the expansion project of new lithium-ion batteries with high safety, long life and high energy density. The project is expected to invest 1.256 billion yuan, increase the annual output of 1 billion AH lithium-ion batteries, and is expected to increase the annual production capacity of lithium-ion batteries to more than 300 million. After the completion of the project, Tianpeng Power supply will have an annual capacity of 700 million lithium-ion batteries.
Aoyang Shunchang said that the three-yuan power lithium battery business has become the most important business to support the company's sustained and rapid growth, and the construction of Tianpeng Power supply project will help the company to solve the bottleneck of lithium battery capacity and expand the scale of lithium battery capacity. Further enhance the comprehensive competitiveness and ensure the sustained and rapid development of the company's lithium battery business.
In addition, with regard to the company's future plans, Aoyang Shunchang said in an interaction with investors at the end of last month: focus on the development of lithium batteries, the future capital expenditure will also be in lithium batteries, continue to expand capacity. At the same time, rely on technological leadership to strengthen the LED chip business. Metal logistics and distribution business is developing steadily on the basis of the present.
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