Desai Battery: total operating income of $7.328 billion in the first half of the year increased by 27.68 per cent compared with the same period last year

SMM7 26th news: recently, Desai Battery released 2019 half-year results KuaiBao said that the company achieved business revenue of 7.328 billion yuan, an increase of 16.09% over the same period last year; operating profit of 293 million yuan, an increase of 33.04% over the same period last year; total profit of 294 million yuan, an increase of 33.76% over the same period last year; net profit attributable to shareholders of listed companies was 170 million yuan, an increase of 27.68% over the same period last year. Basic earnings per share were 0.8297 yuan, up 27.69 per cent from a year earlier.

According to the existing information, Desai Battery mainly revolves around the lithium battery industry chain for business layout, among which Huizhou Battery is mainly engaged in small and medium-sized lithium battery packaging integration business, Huizhou Blue Micro is mainly engaged in small and medium-sized lithium battery power management system business, Huizhou Xinyuan is mainly engaged in large power batteries, energy storage batteries and other power management systems and packaging integration business.

On June 18, Huizhou Battery, a subsidiary of Desai Battery, plans to sign an "Investment and Construction Agreement" with the Management Committee of Huizhou Zhongkai High-tech Industrial Development Zone to invest in the construction of a high-end intelligent project for the construction of Desai battery Internet of things power supply. after the completion of the project, the production and operation of lithium-ion packaging batteries and other products.

The total planned investment of the project is 2.6 billion yuan, of which the investment in fixed assets is not less than 1.8 billion yuan. After the project is completed by stages and reaches production, the total annual sales volume is expected to be about 7 billion yuan.

Desai Battery showed that the main reasons for the growth of operating results in the first half of the year were as follows: 1) the company's main business developed well during the reporting period, and the increase in customer demand led to sales growth; 2) Huizhou Xinyuan, a secondary holding subsidiary, focused on its business and reduced its losses; 3) the financial expenses decreased due to exchange reasons.

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