Invest 800 million! There is also a new 10GWh lithium battery project.

On Oct. 11, 002662.SZ issued the announcement on Investment in Lithium Battery projects.

The announcement pointed out that according to the company's strategic development plan, the company plans to invest in the construction of 10GWh lithium battery project, lithium battery products will be used in new energy vehicle power systems and energy storage systems.

The project is built by stages, the investment is the first phase of the project, the annual production capacity is 2GWH, the construction period is 12 months, and the investment of the project is 800 million yuan. The implementation of the project takes Qinhuangdao Weikawei Auto parts Co., Ltd. (referred to as "Qinhuangdao Weikawei"), a wholly owned subsidiary of the company, as the main body of investment, and the construction of the production base in Qinhuangdao is completed.

In terms of the output scale of the project, the annual output value of the first phase of the project is about 3 billion yuan.

According to the announcement, through the development of lithium battery products in the new main business, Jingwei shares can at the same time promote the growth of automotive aluminum alloy parts and the expansion of new products such as battery modules and battery packs, and realize the rapid expansion of the company's overall scale. in order to achieve the overall strength of the overall improvement.

According to public information, Jingwei shares, founded in 2002 and headquartered in Beijing, is a Sino-German joint venture manufacturer of passenger car interior and exterior accessories systems with integrated services, which was listed on the Shenzhen Stock Exchange in 2012.

After years of development, Jingwei shares have established production bases in Changchun, Qinhuangdao, Yantai, Wuxi, Chengdu and Foshan.

Jingwei Co., Ltd. has the production and manufacturing capabilities of forming and processing materials for automotive internal and external decoration systems covering mainstream substrates, such as aluminum alloy, stainless steel, cold-rolled and galvanized steel, plastics and rubber. the platform integration of surface treatment technologies such as aluminum alloy oxidation, metal painting, metal matte spraying, metal bright spraying and plastic painting has been realized. It has developed into an integrated manufacturer of internal and external accessories system to meet the matching needs of vehicles with different market positioning.

Jingwei's product users include FAW-Volkswagen, FAW cars, FAW Red Flag, SAIC-Volkswagen, SAIC GM, SAIC Group, BMW, Beijing Mercedes-Benz, Jaguar Land Rover, Volvo, Great Wall, Geely, BYD and other domestic and foreign mainstream vehicle factories.

According to the 2021 report of Jingwei shares, the company's main income was 1.743 billion yuan, up 10.28% from the same period last year; net profit from the home was 187 million yuan, up 93.4% from the same period last year; deducting 190 million yuan from non-net profit, up 136.63% from the same period last year; debt ratio 32.49%, investment income 54.8647 million yuan, financial expenses 25.9875 million yuan, gross profit margin 24.45%.

In the secondary market, Jingwei shares recently experienced a correction, and the risk was released to a certain extent. As of October 11, Jingwei shares closed at 3.50 yuan per share, up 0.02 yuan per share or 0.57% on the day.

Jingwei shares currently have a total market capitalization of 5.25 billion yuan.