China Listed Battery Makers Report a Sharp Rise in Net Profits in H1 with Eyes to Environment-Friendly Batteries

SHANGHAI, Sept. 9 (SMM) – China’s nine listed lead-acid battery makers saw net profits record a fresh high since H1 2013 in the first half of 2015, SMM estimated. 

Net profits totaled 1.05 billion yuan ($ 0.16 billion) in H1 at those nine battery producers in Shanghai, Shenzhen and Hong Kong, jumping 35.05% from 778 million yuan a year ago. Those companies include Tianneng Group, Chaowei Power, Camel Group, Narada Power, Fengfan, Sacred Sun, Dynavolt Power, Wolong Electric and Wanli Group. Shenzhen Center Power Tech was listed on December 3, 2014 and thus temporarily has not been included here.

Slack consumption in traditional lead-acid battery market forced battery makers to turn their eyes to high-end and environment-friendly batteries, citing lithium batteries, start-stop batteries and lead-carbon batteries. This was cited as the reason for the surge in H1’s net profits, SMM explained.

Net Profits of Nine Listed Battery Makers in China in H1 (unit: o.1 billion yuan)

           2011             2012            2013            2014                2015

Source: SMM and regular reports from nine listed companies

Lithium battery capacity at Tianneng Group has hit 1.25 GWH/yr and those lithium batteries can be used in e-bike and electric cars, including Chery and Kangdi brands. The company has developed motive lithium battery system featuring high performance, long life and safety to cater to the fast development in electric car industry, according to the company’s half-year report.

Besides, Shenzhen Center Power Tech registered a growth of 6.65% YoY to 48.06 million yuan in net profit during January-June and noted that motive lithium batteries will be of great significance for its future development.

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