Last year, the net profit of Lithium equipment maker Xinyun Co., Ltd. increased by more than 15 times with revenue of nearly 600 million yuan.

On the evening of April 23, Xinyun (300648) disclosed its annual report for 2020 that the company realized operating income of 575 million yuan last year, an increase of 57.24% over the same period last year, and a net profit of 56.9964 million yuan belonging to shareholders of listed companies, an increase of 1506.25% over the same period last year.

According to the annual report, Xinyun Co., Ltd. is a leading intelligent manufacturing solution provider with lithium battery detection system as the core. Business involves consumer and small power lithium batteries, power lithium batteries, energy storage lithium batteries, lithium battery testing services, charging pile series product sales and charging operation services and other business areas.

Xinyun Co., Ltd. has been working in the lithium battery testing equipment industry for many years, and its products are located in the middle and high-end market. At present, the company's customers mainly include: Ningde Times, BYD, Guoxuan Hi-Tech, Funeng and other power lithium battery manufacturers; Yiwei Lithium Energy, Xin Wanda, New Neng an Technology, Xinnengde Technology, Scud, Desai, Xingheng Energy and other consumer and small power lithium battery manufacturers; FAW Group, SAIC Group, GAC GROUP, Dongfeng Group, BAIC Group, Geely, Changan, Weilai and other new energy vehicle manufacturers; Huawei, Huatong Precision, Changdian Technology, Shanghai Electric, pilot Intelligence, Lixun Precision, Goyle and other well-known companies, as well as China Automotive Engineering Research Institute, Beijing Industrial Design and Research Institute Co., Ltd., China Automotive Technology Research Center, China Automotive Industry Engineering Co., Ltd., China Automotive Research Automotive Inspection Center (Wuhan), Guangzhou Radio and Television Metrology and testing Group, China Institute of Electronic Technology Standardization, Chongqing vehicle Inspection Research Institute and other well-known testing and research institutions.

In the field of energy storage business, Nebula shares continued to invest in research and development and strategic layout, and gradually achieved results, and successively launched the nebula energy storage converter (PCS) series products and nebula charging pile series products. The (PCS) series of nebula energy storage converters can control the charging and Discharge process of energy storage batteries, which are mainly used in renewable energy wind power stations, transmission and distribution power stations, industrial and commercial energy storage and distributed microgrid energy storage and charging power stations. In Electroweb peak cutting and valley filling, smoothing power fluctuation, energy recovery and utilization, backup power supply, new energy generation and other occasions to achieve two-way energy flow, actively support the Electroweb voltage frequency, and improve the power quality of power supply. The nebula charging pile series products use DC fast charging technology, which can intelligently adjust the charging output power according to the actual needs of vehicles, which can not only meet the charging needs of small passenger cars, but also meet the high-voltage charging needs of large passenger vehicles. By intelligently controlling the power output and opening the power module on demand, the charging efficiency can be increased by more than 25%, the current conversion rate is higher, and the energy consumption is lower.

While promoting the reform of technology and product structure, Nebula has also deeply expanded its business areas. In 2020, Nebula shares, time Nebula and car charging network carried out energy storage strategic cooperation, and carried out the construction of a series of demonstration stations of integrated storage, charging and inspection intelligent charging stations in Fuzhou Free Trade Zone, Fujian Province. through the combination of strong and strong forces, it has built an industrial synergy advantage from core equipment, solutions to market operation, and provided a learning and exchange base for small and medium-sized charging operators in operation mode, service mode, planning and construction.

Xingyun Co., Ltd. attaches great importance to technological innovation and R & D investment, and has mastered a large number of core technologies through years of deep ploughing and accumulation in the field of lithium battery testing. As of December 31, 2020, the company and its subsidiaries have obtained 16 invention patents. 103 utility model patents, 31 design patents and 44 software copyrights; Among them, 3 new invention patents, 45 utility model patents and 10 new design patents were granted in 2020. Last year, the company invested 81.9723 million yuan in research and development, an increase of 40.73% over the same period last year. In 2020, 3 invention patents, 45 utility model patents and 10 design patents were granted.

On the same day of the annual report, the Star Cloud stock also announced that due to the needs of the company's business development, the company plans to set up Fujian rechargeable Cat Energy Technology Co., Ltd. (hereinafter referred to as "rechargeable cat") with a registered capital of 30 million yuan. The company holds 100% of the shares. Through the establishment of charging cats, the company will focus on new energy charging stations and charging business areas in the automotive aftermarket. This investment will help to extend the company's industrial chain and bring new profit growth points for the company.

It is worth noting that on February 5, Xinyun announced that in order to further enhance the company's comprehensive competitiveness and promote the development of new energy vehicles and charging infrastructure industry, the company and Xi Xixiang plan to jointly fund the establishment of Fujian Xiyun charging Technology Co., Ltd., registered in Fuzhou, with a registered capital of 25 million yuan, of which Xinyun shares contributed 10 million yuan in currency, with a shareholding ratio of 40.005%. Xi Fengxiang contributed 15 million yuan in currency, with a shareholding ratio of 60.005%. The main business of the joint venture company includes the sales of power exchange facilities for new energy vehicles, the sales of electrical accessories for new energy vehicles, centralized fast charging stations, and the operation of charging infrastructure for electric vehicles.

Battery Network noted that in addition to the new energy charging field, Nebula shares have made moves in the areas of capital and lithium battery detection systems so far this year.

In January, Xinyun announced that it had completed a fixed increase of 400 million yuan, of which Ningde era funds and Yiqi Jisheng and other industrial chain investors participated in the subscription.

Ningde Nebula testing Company and Ningde Times signed the contract of Power Battery performance testing Laboratory Service contract of Ningde Nebula testing Technology Co., Ltd. in Ningde City, Fujian Province on the same day. The contract amount is 130 million yuan, and the term of the contract is 5 years. Xingyun said that the signing and performance of this contract will help the company to open up a broader market space in the field of lithium battery testing system, which is in line with the company's development plan and is conducive to the company's long-term development. At the same time, the signing of this contract also marks the further deepening and consolidation of the cooperative relationship between the company and its core customers.