Nandu Power is expected to make a net profit of 158 million-257 million yuan in the third quarter, an increase of 104% over the same period last year.

SMM: a few days ago, Nandu Power disclosed the first three quarters of the results forecast, the first three quarters of 2020 is expected to net profit of 461 million yuan-560 million yuan, a year-on-year increase of 40% ROK 70%. Of this total, the net profit in the third quarter is expected to be 158 million yuan to 257 million yuan, an increase of 104 percent over the same period last year.

Among them, the demand for communications 5G and backup power in the data center increased significantly, Nandu Power made every effort to organize production to meet the delivery demand, product shipments increased over the same period last year, and performance contribution increased compared with the same period last year; civil power product shipments increased compared with the same period last year, and performance contribution remained basically stable; business income and performance contribution of energy storage products increased compared with the same period last year; At the same time, on the basis of tamping the original business, the company has carried out reasonable and effective control on the cost and various expenses, and improved the efficiency of operation and management.

It is worth noting that on the evening of July 14, Nandu Power disclosed a non-public offering plan to raise no more than 1.416 billion yuan for the annual 2000MWh 5G communications and energy storage lithium battery construction project, the annual 2000MWh high energy density power lithium battery construction project, the new energy battery R & D center project and supplementary liquidity.

In addition, in May this year, Nandu Power announced that the company had won the bid for China Mobile's centralized procurement of lithium iron phosphate battery products for communications in 2020, with a winning share of 11.59%, with a corresponding bid amount of 157.5081 million yuan (excluding tax). On May 25, China Tower announced the "announcement of the bid winning results of the 2020 intensive e-commerce procurement project for backup lithium iron phosphate battery". Five enterprises, Shuangdeng Group, Nandu Power supply, Zhitai New Energy, Penghui Energy and Zhongtian Science and Technology, won the bid in advance.

As early as 2011, Nandu Power has successfully developed a post-communication backup lithium iron phosphate battery, which has been applied on a large scale overseas. At present, the cumulative global sales volume exceeds that of 2GWh. Since 2017, the company has jointly developed intelligent lithium iron phosphate batteries with high safety and high reliability for 5G communication systems with a well-known foreign operator. in the aspects of battery energy density, safety, heat dissipation and integration convenience, group technology, etc., the company is ahead of similar products in the market, and has formed deep cooperation with a number of mainstream 5G communication equipment system integrators.

It is understood that Nandu Power has accumulated in the field of communications and data center power supply, including China Mobile, China Railway Tower, China Unicom, China Telecom, Vodafone Telecom, Singapore Telecom and other domestic and foreign communication operators. and Huawei, Ericsson, ZTE, Noxi, Alcatel-Lucent, Emerson and other large equipment integrator customers; Customers in the data center field mainly include Internet enterprises such as Alibaba, as well as customers in the data center computer rooms of financial institutions such as communications operators IDC and banks.

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