SMM: Cunninghamia lanceolata shares achieved steady growth in 2017, with operating income of 8.2705409 billion yuan, an increase of 51.07 percent over the same period last year, and a net profit of 896.1151 million yuan attributable to shareholders of listed companies, an increase of 171.42 percent over the same period last year. The net profit attributable to shareholders of listed companies after deducting non-recurrent gains and losses was 441.2623 million yuan, an increase of 72.07 per cent over the same period last year. The main reason is that the company's lithium battery material cathode business performance increased significantly in the current period compared with the same period last year, realizing a net profit of 487.2667 million yuan attributed to the shareholders of the listed company, an increase of 179.54 percent over the same period last year. And the company's sale of some of the shares of Ningbo Bank to obtain investment income of 465.8381 million yuan.
The final products of lithium battery material industry are widely used in digital electronic products such as smartphones, tablets, laptops, wearable smart devices, mobile power supplies and so on. New energy vehicles, electric bicycles, low-speed electric vehicles and other power application terminals, as well as power tools, mobile base stations, power grid energy storage, household energy storage and other energy storage fields. With the slowing down of the market growth of consumer electronics, consumer lithium batteries have entered a period of low growth and stable development. At the same time, with the strong support of various countries, the electric vehicle market has developed rapidly, encouraged by government subsidies and the power battery technology has gradually matured, and the power lithium battery has entered a period of high-speed growth. It has become the most important force driving the development of the global lithium battery industry. However, the energy storage battery is still in the market introduction stage due to technical, policy and other reasons, compared with the development of power battery is relatively lagging behind, but under the premise of rapid development of electric vehicles, according to the forecast of China Auto Research, by 2020, The accumulative scrapping amount of electric vehicle power battery in China will reach 170000 tons, and the cascade utilization of power battery will gradually become a hot spot. with the improvement of technology and the reduction of cost, it is expected to further open up the application space of energy storage.
Shanshan Co., Ltd. began to enter the lithium battery material industry in 1999, benefiting from the rapid growth of the downstream terminal industry. after nearly 20 years of development, the company has become a leading enterprise in the lithium battery material industry. According to the annual competitive brand list of China's lithium battery industry chain released by EVTank, China Battery Network, Ivy think Tank, Zhongguancun New Battery Technology Innovation Alliance, Battery 100 people's Association, and I love Electric car Network, The company's cathode materials topped the list for the fourth year in a row, anode materials topped the list for the first time in 2017, and electrolytes ranked fourth.
In 2017, China's new energy vehicle market tended to stabilize, and the production and sales of new energy vehicles further improved. According to the statistics of the China Automobile Association, China produced 794000 new energy vehicles in 2017, an increase of 53.8 percent over the same period last year, and achieved sales of 777000 vehicles, an increase of 53.3 percent over the same period last year. Specifically, the performance of pure electric models is still better than plug-in hybrid models, the production and marketing of new energy passenger vehicles continue to grow significantly, but the growth of new energy commercial vehicles has slowed down, plug-in hybrid commercial vehicles have even declined.
During 2017, thanks to the "double points" policy of the "parallel Management method for the average fuel consumption of passenger car Enterprises and the points of New Energy vehicles," new energy passenger cars ushered in an opportunity for development and significantly increased production and sales. The company's new energy passenger car PACK business will usher in a good opportunity for development. However, trapped by the requirement of "30,000 kilometers" in the 2017 Circular on adjusting the Financial subsidy Policy for the Promotion and Application of New Energy vehicles, the production and sales of new energy commercial vehicles have been affected to a certain extent, especially commuting new energy buses, and the market sales have been dismal. The company's new energy commercial vehicle business has been affected to a certain extent; However, in 2018, the state will reduce the requirement of "30,000 km" to "20,000 km", which will be conducive to the recovery of new energy dedicated vehicles and passenger car business. The state has issued a 2018 new energy subsidy policy, which highlights parameters such as high energy density and long mileage, increases the technical requirements for new energy vehicles, and increases the pressure on new energy car companies to reduce costs.
A series of national policies have been issued to ensure the healthy development of the new energy vehicle industry. the retreat of subsidies will continue to force the improvement of technology and the decline of costs. according to the China Automobile Association, the sales of new energy vehicles will exceed 1 million in 2018. Will continue to grow at a high rate.
Main business production (new energy component):
Engaged in the research and development, production and sales of lithium battery materials, product categories include lithium battery cathode materials, anode materials and electrolytes. Lithium battery cathode materials products include lithium cobalt acid series products, multi-material series products, lithium manganate series products and ternary material precursors; Lithium battery anode materials include artificial graphite, natural graphite, mesophase carbon microspheres, composite graphite and silicon-based anode materials; lithium battery electrolyte products include various specifications of lithium battery electrolyte and its raw material lithium hexafluorophosphate. The company's products are mainly sold to China, South Korea, Japan and other regions, customers are mainly international and domestic mainstream lithium battery manufacturers, including ATL, LGC, CATL, BYD, Guoxuan Hi-Tech, SDI, Beak, Lishen and so on. The application field covers all kinds of digital consumer lithium batteries, lithium batteries for new energy vehicles and energy storage batteries.
The main products and applications of Shanshan shares lithium battery materials business are as follows:
Engaged in new energy vehicle related business, and related business layout has been optimized and adjusted to make it more in line with the company's new energy development strategy. The new energy vehicle business mainly includes the new energy vehicle battery system integration, the new energy vehicle charge pile construction and the new energy vehicle operation, the new energy vehicle design and the research and development and so on.
The new energy vehicle battery system integration business is mainly to integrate the single cell into a module according to the positioning and performance requirements of the vehicle product. Then according to the vehicle type and performance requirements to design thermal management, structural parts and electrical management system and other components assembled into a battery system, after inspection, by the vehicle manufacturing enterprises loaded on the electric vehicle, to provide energy power for the electric vehicle. The company's cylindrical battery PACK production line, positioned in the new energy special vehicle, urban low-speed vehicle market; square battery PACK production line, positioned in the new energy passenger car, new energy non-road industrial vehicle market.
The construction of charging piles and the operation of new energy vehicles mainly carry out professional third-party new energy vehicle services. It includes the construction of charging pile, charging operation and maintenance services, sales of new energy vehicles, rental of new energy vehicles, maintenance of key parts of new energy vehicles, data mining and value-added services of new energy operations, and so on.
The company's vehicle business is mainly for the establishment of new energy passenger cars and special vehicles vehicle technology research and development platform, It forms the core technology and competitiveness in the aspects of vehicle power system matching and optimization, vehicle modeling design, vehicle system integration and vehicle performance test and calibration, and provides technical support for the operation of the company's new energy vehicles.
Key accounting data and financial indicators for the past three years:
Key quarterly accounting data for the reporting period: