The business of precision structural parts grows steadily and the net profit of Kodali increases by more than 200% in 2021.

On March 30, Kodali released its annual report for 2021. During the reporting period, the company realized operating income of 4.468 billion yuan, an increase of 125.06% over the same period last year. The net profit attributed to shareholders of listed companies was 542 million yuan, an increase of 203.19%. Non-net profit was deducted from 515 million yuan, an increase of 218.4% over the same period last year.

Kodali said that the performance growth is due to the rapid development of the new energy vehicle industry, customer demand for the company's power battery precision structure continues to increase, and the company's power battery precision structure production and sales continue to grow steadily. At the same time, it also benefits from the improvement of the company's capacity utilization and management efficiency.

It is understood that Kodali is a leading R & D and manufacturer of battery precision structures and automotive structures in China. As early as 2007, the company began cooperative research and development with new energy vehicle manufacturers and power battery manufacturers to explore into the field of power and energy storage lithium battery structures, and accumulated rich product and technical experience. with high precision, high consistency of production technology, as well as advanced stamping processing, drawing processing, injection molding and mold manufacturing technology. The company has mastered many core technologies, including safety and explosion-proof, anti-leakage, ultra-long tension, power-off protection, automatic assembly, intelligent pressure testing and so on.

In recent years, Kodali has persisted in positioning itself in the high-end market and adopting the key customer strategy to continuously develop the leading high-end customers and well-known customers in the downstream new energy vehicles and vehicles, power batteries, portable lithium batteries and energy storage battery industries. It has established long-term and stable strategic cooperative relations with domestic leading manufacturers such as CATL, Sinotrans, Yiwei LiNeng, Xinwanda, Lishen, Ruipu Energy, Honeycomb Energy, as well as foreign well-known customers such as LG, Panasonic, Tesla, Northvolt, Samsung and so on.

Kodali around the world's leading customers, the nearest layout of production capacity, lock in market share. At present, Kodali has set up nine power battery precision structure production bases in the key areas of the battery industry in East China, South China, Northeast, Northwest, Southwest and Central China, as well as three power battery precision structure production bases in Germany, Sweden and Hungary in Europe.

In order to further improve the company's production capacity layout and meet the supporting capacity needs of customers, Kodali announced on March 10 that it plans to invest in setting up a wholly-owned subsidiary in Nanchang Economic and technological Development Zone in Jiangxi Province. and self-raised funds of no more than 1 billion yuan to invest in the construction of Kodali Jiangxi Nanchang new energy vehicle power battery and other precision structure phase I project. The implementation of this project will further expand the effective production capacity of the company's new energy vehicle power battery precision structure, and the scale advantage will reduce the company's product unit R & D and production costs.

Huaxin Securities pointed out that Kodali deep ploughing lithium electric structure track, global expansion of production capacity, irreversible electrification trend, strong demand, excellent growth of the company. The large cylinder is an important technical route in the future, and it is expected to replace part of the market share of the soft package. Overseas Tesla and others are expected to achieve industrialization in 2022. The domestic Ningde era and Yiwei LiNeng continue to follow, and the trend is clear in 4680. The improvement of the permeability of large cylinders is expected to increase the demand for structural components.