Desai battery last year BMS product revenue 3.982 billion PACK product revenue 17.116 billion

On March 22nd, Desai Battery (000049) disclosed its 2020 annual report that as of December 31, 2020, the company's consolidated operating income was 19.398 billion yuan, an increase of 5.18% over the same period last year. Among them, BMS (power management system) products achieve sales revenue of 3.982 billion yuan, PACK (package integration) products achieve sales revenue of 17.116 billion yuan.

According to the audit of Dahua firm, the total assets of Desai battery was 9.039 billion yuan in 2010. the total profit after the merger was 920 million yuan, an increase of 7.69% over the same period last year, and the net profit was 740 million yuan, an increase of 10.52% over the same period last year. Among them, the net profit belonging to shareholders of listed companies was 670 million yuan, an increase of 33.36% over the same period last year.

In 2020, Desai battery actively grasps the market opportunity of lithium battery application in various segments, strives to open up the high growth market of lithium battery application, and continues to optimize the product structure. In the field of small lithium battery business, affected by trade frictions between China and the United States, declining demand and other factors, the company's smart phone lithium battery business declined, but the smart wearable device battery business achieved rapid growth, with an operating income of 3.115 billion yuan in 2020, an increase of 128.79% over the same period last year. In the field of medium-sized lithium battery business, the notebook battery business achieved an annual operating income of 2.175 billion yuan, an increase of 36.02% over the same period last year, while the lithium battery business of power tools and vacuum cleaners reached 2.25 billion yuan, an increase of 45.87% over the same period last year. Smart travel business actively grasps the opportunity of lithium battery to replace traditional lead-acid battery, and expands around the top customers in the market segment, showing initial results. In the field of large-scale lithium battery business, the business operation of power battery power management system for new energy vehicles continues to improve, the business of core customers is growing rapidly, and the development of high-quality new customers is progressing smoothly; the energy storage business focuses on developing 5G communication base stations, home energy storage and UPS data center power services, with shipments exceeding 200000 sets in the reporting period.

In addition, in 2020, Desai batteries will actively test the waters of emerging businesses and expand new business areas. Taking advantage of the company's leading advantage in the field of lithium battery packaging and integration of consumer electronics products, we try to carry out non-battery assembly business (Electronic Manufacturing Service EMS), takes the opportunity of smart mobile product manufacturing miniaturization and system modularization development as an opportunity to cut into the smart phone power management system SIP business and take the lead in applying SIP technology to supply domestic brand mobile phone manufacturers. In order to better expand the business related to intelligent control devices, Huizhou Lanwei invested 20 million yuan to participate in Beijing Fuoxing Electronic Technology Co., Ltd., whose main product is X-band RF radar intelligent control chip.

In 2020, Desai Battery also acquired 25% of the subsidiaries of Huizhou Battery and Huizhou Lanwei held by Shangyang Investment in cash. After the acquisition, Huizhou Battery and Huizhou Lanwei became wholly owned subsidiaries of the company. This transaction enhances the company's profitability, improves the company's financial situation, is conducive to the further expansion of the company's business scale and the continuous improvement of profitability, and promotes the company to become bigger and stronger.

Battery Network also noted that on January 11 this year, combined with its own industrial planning and development needs, Desai battery planned to increase the investment scale of the high-end intelligent construction project of Desai battery Internet of things power supply, and the total investment of the project increased from 2.6 billion yuan to 3 billion yuan. After this increase, the Project Investment and Construction Agreement was signed in three phases. The total investment of the first phase of the project is 1.8 billion yuan, of which the investment in fixed assets is not less than 1.25 billion yuan and the total construction area is not less than 469222 square meters. The total investment in the second phase of the project is 792 million yuan, of which the investment in fixed assets is not less than 675 million yuan and the total construction area is not less than 150810 square meters. The total investment in the third phase of the project is 408 million yuan, of which the investment in fixed assets is not less than 350 million yuan and the total construction area is not less than 77690 square meters. Among them, the construction of the first phase of the project began in January 2020, and the main factory building has been successfully capped and is expected to be gradually put into use in the fourth quarter of 2021.

In terms of overseas layout, on February 22nd, the company's board of directors agreed to increase the capital of Huizhou Battery to its wholly-owned subsidiary Hong Kong Battery by US $12 million, and the registered capital of Hong Kong Battery from US $3 million to US $15 million. To build and operate a new manufacturing base in Vietnam. It is reported that Hong Kong Battery was established on November 4, 2020, with a total investment and registered capital of US $3 million, and through Hong Kong to set up a new production and manufacturing base in Beijiang, Vietnam, to engage in the packaging and integration of small and medium-sized lithium batteries, and to carry out R & D, production and sales of batteries such as wearables and mobile phones.