On February 26, Tuobang shares (002139) disclosed its performance KuaiBao. In 2021, the company realized operating income of 7.822 billion yuan, an increase of 40.68% over the same period last year. The net profit of shareholders belonging to listed companies was 563 million yuan, an increase of 5.5% over the same period last year. The total assets of the company increased to 9.866 billion yuan, an increase of 44.91% over the same period last year.
Tuobang shares said that in 2021, the company's business achieved good growth compared with the same period last year. Among them, the proportion of innovative smart devices, pan-home appliances and service robots in the home appliance plate has increased rapidly, opening up the growth space of the home appliance plate; tools plate, a number of head customer share has increased rapidly, and the market share has increased rapidly, still maintaining a strong growth momentum; lithium business plate, as the company's third growth curve, focuses on energy storage and green travel to quickly open the market with customized solutions.
The data show that Topang's main business is the research and development, production and sales of intelligent control system solutions, that is, taking the "three electricity and one network" technology of electronic control, motor, battery and Internet of things platform as the core, provide a variety of customized solutions for home appliances, tools, industry and new energy industries. In terms of lithium battery, the company mainly provides products and system solutions including battery, battery management system (BMS), battery pack, change cabinet and other areas such as communication base station energy storage, home energy storage, power batteries for tricycles and other special vehicles, mobile charging power supply and Internet of things.
On December 8, 2021, Tuobang Co., Ltd. announced that in order to expand the scale of lithium battery production, Shenzhen Tuobang Lithium Battery Co., Ltd., a wholly owned subsidiary of the company, signed an "investment agreement" and a "supplementary agreement" with effective conditions with the management committee of Nantong Economic and technological Development Zone. The company plans to set up a new company in Nantong to invest in the construction of lithium battery projects with its own funds or self-raised funds. And purchase the original Hanhua new energy plant that has completed the infrastructure construction, which is used to build square aluminum shell cell, soft package cell, large cylindrical cell and battery PACK production line.
According to the agreement, the total investment of Tuobang Lithium Battery Project is 5 billion yuan, and the total design capacity is 6G who battery pack 4GWh. The project will be implemented in three phases, with a total investment of 1.6 billion yuan in the first phase to produce 2GWh cells and 1GWh battery packs; a total investment of 1.7 billion yuan in the second phase, adding 2GWh cells and 1.5GWh battery packs; and a total investment of 1.7 billion yuan in the third phase, followed by new 2GWh cells and 1.5GWh battery packs. The first phase was put into production in two stages, the first stage was put into production of 1.3GWhH, with a total investment of 750 million yuan, including equipment investment of 280 million yuan, and in the second stage, the battery pack 1GWh of 0.7GWhBZ was added.
It is reported that Tuobang's overseas investment is the company's strategic layout and business development needs, to meet the rapid growth of the company's energy storage business and light power business, the company can quickly build a production line by purchasing the original Hanhua new energy plant, improve the capacity of lithium battery, and seize the development opportunity of large-scale application of lithium battery.
Guoxin Securities said in its previous research report that the two wings of Tuobang are high-efficiency motor and lithium battery business respectively, in which the company's lithium battery business focuses on the dedicated lithium market, with "energy storage + small power" as the main development direction. among them, in the field of energy storage of communication base stations, the company has established a solid cooperative relationship with China Mobile, China Tower, Zhongtian Technology and other companies, with the large-scale centralized construction of 5G infrastructure. The demand for backup electric energy storage for communication will continue to be released; In addition, in the context of carbon neutralization, the demand in the field of energy storage is also expected to continue to release. Through overseas investment in the rapid construction of production lines, the company will enhance the capacity of lithium batteries, which will help to seize the development opportunities of large-scale applications of lithium batteries and achieve high business growth.
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