Desai battery achieved 17.249 billion of its revenue last year and strives to achieve 18.5 billion of its revenue this year-Shanghai Metals Market

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Desai battery achieved 17.249 billion of its revenue last year and strives to achieve 18.5 billion of its revenue this year

Translation 01:13:56PM May 24, 2019 Source:Battery hundred people meeting-Battery Network

On May 23, Desai Battery (000049) said in an interactive exchange with investors that in 2018, the company realized operating income of 17.249 billion yuan, an increase of 38.15% over the same period last year, and a net profit of 526 million yuan, an increase of 44.49% over the same period last year. Among them, the net profit attributable to the shareholders of listed companies was 401 million yuan, an increase of 33.55 per cent over the same period last year. In the first quarter of 2019, the company's operating income was 3.461 billion yuan, an increase of 16.20 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 67.9 million yuan, down 10.73 percent from the same period last year.

In 2018, the traditional advantage business of Desai battery continued to maintain a good growth trend, and the loss of power battery business decreased. In the small lithium battery business, the company's market share has been further consolidated, and under the premise of basically stable development of the industry, the sales volume of the company's products has maintained a good growth, and at the same time, it has benefited from the increase in the average price of lithium batteries for smartphones. The business income in this business area has maintained a high growth rate; In the medium-sized lithium battery business, the business is progressing smoothly, the number of customers and projects in the notebook computer battery business has further increased, the lithium electric power tools and vacuum cleaners business has focused on core high-quality customers, and sales revenue has increased steadily. In 2018, the medium-sized lithium battery business achieved business income of 2.637 billion yuan, an increase of 84.68% over the same period last year. In the field of power battery business, take the power management system business as the core, focus on the core strategic customers, actively promote the fixed point and mass production of the project, adjust the organizational structure and personnel scale of Huizhou Xinyuan, strictly control the cost and expenditure, and reduce the loss. In 2019, the company strives to achieve a combined operating income of 18.5 billion yuan.

In 2019, the company strives to achieve a combined operating income of 18.5 billion yuan. The company will continue to adhere to the "core focus, innovation-driven, benefit first" business policy, in the small lithium battery business, stabilize the existing international business market share, consolidate and strive to enhance the domestic business market share; In the medium-sized lithium battery business, we will further increase the supply share of the core customers of existing notebooks, power tools and vacuum cleaners, and strive to develop related intelligent power supply businesses such as 5G communications, intelligent travel, artificial intelligence and the Internet of things. Actively grasp the market opportunity of lithium battery application in various sub-fields; In the field of large lithium battery business, strict control of operational risks, steady development of vehicle power management system business, appropriate expansion of non-vehicle large lithium battery power management system business. The following are the details of the exchange:

1. The total amount of notebook market is still in a downward state, what is the situation of the company's notebook computer battery business?

A: the company's share of the notebook battery market is relatively low, and the cutting time is relatively late. The total revenue of notebook batteries in 2018 is about 1 billion yuan. The company hopes to maintain a high growth rate of this business in the next two years. Further increase market share.

2. Will the wearable device battery market be the main growth point of the company in the future?

A: at present, the company has a high market share in the wearable device battery market. Although wearable devices are growing rapidly, generally speaking, the market capacity of wearable device batteries is not large, which will not form a great support to the company's business growth.

3. There is a huge market space in the field of energy storage. How does the company expand its business in this area?

A: the lithium battery market in the energy storage field is also an important business area for the company to expand in the future. The company has carried out business cooperation in the energy storage field with its core strategic customers.

4. What is the impact of exchange rate fluctuations on the company?

A: in the past, the company's interest-bearing liabilities were mainly in US dollars, and in the process of RMB appreciation, it gained more exchange gains, but since the second quarter of 2018, the RMB has depreciated considerably, resulting in the company's financial expenses being greatly affected by exchange rate fluctuations. At this stage, the main strategy of the company is to adjust the structure of interest-bearing liabilities, balance foreign currency assets and liabilities as far as possible, and reduce the impact of exchange rate fluctuations on the company.

5. Progress of power battery business?

A: in the past few years, the power battery business has not achieved satisfactory results and continued to lose money. In 2019, the company's power battery business will further focus on the core customer power management system business, strive to reduce losses, and strive to break even.

Desai battery achieved 17.249 billion of its revenue last year and strives to achieve 18.5 billion of its revenue this year

Translation 01:13:56PM May 24, 2019 Source:Battery hundred people meeting-Battery Network

On May 23, Desai Battery (000049) said in an interactive exchange with investors that in 2018, the company realized operating income of 17.249 billion yuan, an increase of 38.15% over the same period last year, and a net profit of 526 million yuan, an increase of 44.49% over the same period last year. Among them, the net profit attributable to the shareholders of listed companies was 401 million yuan, an increase of 33.55 per cent over the same period last year. In the first quarter of 2019, the company's operating income was 3.461 billion yuan, an increase of 16.20 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 67.9 million yuan, down 10.73 percent from the same period last year.

In 2018, the traditional advantage business of Desai battery continued to maintain a good growth trend, and the loss of power battery business decreased. In the small lithium battery business, the company's market share has been further consolidated, and under the premise of basically stable development of the industry, the sales volume of the company's products has maintained a good growth, and at the same time, it has benefited from the increase in the average price of lithium batteries for smartphones. The business income in this business area has maintained a high growth rate; In the medium-sized lithium battery business, the business is progressing smoothly, the number of customers and projects in the notebook computer battery business has further increased, the lithium electric power tools and vacuum cleaners business has focused on core high-quality customers, and sales revenue has increased steadily. In 2018, the medium-sized lithium battery business achieved business income of 2.637 billion yuan, an increase of 84.68% over the same period last year. In the field of power battery business, take the power management system business as the core, focus on the core strategic customers, actively promote the fixed point and mass production of the project, adjust the organizational structure and personnel scale of Huizhou Xinyuan, strictly control the cost and expenditure, and reduce the loss. In 2019, the company strives to achieve a combined operating income of 18.5 billion yuan.

In 2019, the company strives to achieve a combined operating income of 18.5 billion yuan. The company will continue to adhere to the "core focus, innovation-driven, benefit first" business policy, in the small lithium battery business, stabilize the existing international business market share, consolidate and strive to enhance the domestic business market share; In the medium-sized lithium battery business, we will further increase the supply share of the core customers of existing notebooks, power tools and vacuum cleaners, and strive to develop related intelligent power supply businesses such as 5G communications, intelligent travel, artificial intelligence and the Internet of things. Actively grasp the market opportunity of lithium battery application in various sub-fields; In the field of large lithium battery business, strict control of operational risks, steady development of vehicle power management system business, appropriate expansion of non-vehicle large lithium battery power management system business. The following are the details of the exchange:

1. The total amount of notebook market is still in a downward state, what is the situation of the company's notebook computer battery business?

A: the company's share of the notebook battery market is relatively low, and the cutting time is relatively late. The total revenue of notebook batteries in 2018 is about 1 billion yuan. The company hopes to maintain a high growth rate of this business in the next two years. Further increase market share.

2. Will the wearable device battery market be the main growth point of the company in the future?

A: at present, the company has a high market share in the wearable device battery market. Although wearable devices are growing rapidly, generally speaking, the market capacity of wearable device batteries is not large, which will not form a great support to the company's business growth.

3. There is a huge market space in the field of energy storage. How does the company expand its business in this area?

A: the lithium battery market in the energy storage field is also an important business area for the company to expand in the future. The company has carried out business cooperation in the energy storage field with its core strategic customers.

4. What is the impact of exchange rate fluctuations on the company?

A: in the past, the company's interest-bearing liabilities were mainly in US dollars, and in the process of RMB appreciation, it gained more exchange gains, but since the second quarter of 2018, the RMB has depreciated considerably, resulting in the company's financial expenses being greatly affected by exchange rate fluctuations. At this stage, the main strategy of the company is to adjust the structure of interest-bearing liabilities, balance foreign currency assets and liabilities as far as possible, and reduce the impact of exchange rate fluctuations on the company.

5. Progress of power battery business?

A: in the past few years, the power battery business has not achieved satisfactory results and continued to lose money. In 2019, the company's power battery business will further focus on the core customer power management system business, strive to reduce losses, and strive to break even.