SMM News: on May 9, Cunninghamia lanceolata shares (600884) held a 2018 performance presentation meeting, 2018, the company achieved business income of 8.853 billion yuan, an increase of 7.05% over the same period last year; The net profit belonging to the shareholders of the listed company was 1.115 billion yuan, an increase of 24.46 percent over the same period last year, and the net cash flow generated by business activities was 540 million yuan, which was significantly higher than that of the same period last year. The weighted average return on net assets was 10.55%, up 0.89 percentage points from a year earlier.
In 2018, Cunninghamia lanceolata accounted for 80% of the revenue from the main business of lithium battery materials, of which:
The main business income of positive materials is 4.664 billion yuan, accounting for about 53 percent, and the net profit attributable to the shareholders of listed companies is 407 million yuan. The net cash flow generated by business activities has become positive by a large margin, and the degree of customer concentration has been further improved. Changes in product structure adjustment. In 2018, Zhengji Company introduced strategic investors Guangzhou Zhou Rongyan Equity Investment Management Partnership (Co., Ltd.) and Hangzhou Maijie Investment Co., Ltd., with a capital of 2 billion yuan.
The main business income of negative electrode materials is 1.938 billion yuan, accounting for about 22%. The net profit belonging to the shareholders of listed companies is 109 million yuan, and the sales volume is 33907 tons. Ningbo Cunninghamia lanceolata New material Technology Center has been recognized as the national enterprise technology center.
The main business income of electrolyte is 403 million yuan, accounting for about 5%. The net profit attributed to the shareholders of listed companies is-45 million yuan, and the sales volume is 13383 tons, an increase of 109% over the same period last year.
Other business sectors: in 2018, the company continued to promote the strategic adjustment of new energy vehicles. Ningbo Levi was able to introduce strategic investor "sequoia Zhisheng" through capital increase and share expansion, which was no longer included in the scope of the merger of the company and changed to equity accounting. Energy management business to achieve the main business income of 708 million yuan, belonging to the listed company shareholders of the net profit of 32.08 million yuan; clothing business sector successfully listed on the Hong Kong Stock Exchange; similar financial sector structure adjustment, the introduction of AMC business.
Shanshan shares said that the net profit attributable to shareholders of listed companies after deducting non-recurrent profits and losses in 2018 was 303 million yuan, down 31 percent from the same period last year. It is mainly related to the dilution of the proportion of vested rights and interests caused by the introduction of strategic investors in the positive business of the company and the strict impairment of goodwill and related assets in 2018. The overall asset scale of the company has grown steadily, the structure has been more optimized, the asset-liability ratio has been maintained at less than 50%, and the overall financial position has been sound and good.
In 2018, the main business of Cunninghamia lanceolata continued to gather to the lithium battery materials business, the proportion of material business revenue continued to increase, of which positive business revenue accounted for more than 50%. Compared with its peers, the company leads the revenue scale of lithium battery materials business and maintains a high comprehensive gross profit margin.
In addition, through the optimization and adjustment of customer structure, accounts receivable and good inventory control, Cunninghamia lanceolata shares realized a substantial positive transformation of operating cash flow in 2018, of which the combined operating cash flow of positive Pole Company in 2018 was 500 million yuan.
Shanshan shares also revealed that in 2019, the company will continue to focus on lithium power new energy industry, this year the proportion of ternary materials will exceed lithium cobalt acid; In terms of lithium cobalt acid, the company has certain advantages. 4.45V high voltage lithium cobalt acid has been supplied in small quantities in 2018, and the competition for ternary products is relatively fierce. The company has actively expanded the power battery market, and high nickel products have also been supplied. The company's nickel 83 product KY18 has also been supplied to customers in small quantities; Inner Mongolia Baotou 100000 tons integration base project phase I (40, 000 tons) is expected to be put into trial production in mid-2019.