Contemporary Ampere Technology Co., Ltd. said that the main reason for the increase in performance in 20 19 compared with the previous year was that with the rapid development of new energy automobile industry, the market demand for power batteries increased compared with the same period of last year. At the same time, the company strengthened market development, released the previous production capacity, and the production and sales volume increased accordingly. In addition, the company's cost control is reasonably optimized, and the proportion of expenses to income is reduced.
This is the year-on-year decline in net profit of contemporary Ampere Technology Co., Ltd. in 20 18, and then it returned to positive growth in net profit again. Looking back on the performance of contemporary Amperex Technology Co., Ltd. in the past few years, its revenue and profit increased year after year before 20 17, but the first annual financial report after the listing of 20 18 showed the phenomenon that "revenue did not increase profit". In 20 18, Contemporary Ampere Technology Co., Ltd. achieved revenue of 29.665438 billion yuan, up 4.8 1% year-on-year, and net profit attributable to shareholders of listed companies was 3.387 billion yuan, down 65.438+02.65% year-on-year. The data shows that the revenue of Contemporary Ampere Technology Co., Ltd. in previous years has increased from 2,065,438+06? Year? 148.79? 1 100 million yuan increased to? 20 18? Year? 296. 1 1? 100 million yuan, but the growth rate of net profit decreased from 206.34% in 20 16 to-12.66% in 20 18.
While the net profit returned to positive growth in 20 19, Contemporary Ampere Technology Co., Ltd. started a new round of investment and production expansion. On the day before the release of 20 19 Performance Express (65438+126 October), Contemporary Amp Technology Co., Ltd. issued two announcements: First, it plans to issue shares to no more than 35 specific targets in a non-public manner, raising about 20 billion yuan. It is used for the expansion project of Huxi lithium-ion battery of Contemporary Anpu Technology Co., Ltd., the research and production project of Jiangsu Power and Energy Storage Lithium-ion Battery (Phase III), the first phase project of Sichuan Times Power Battery and the research and development of electrochemical energy storage frontier technology reserve. Second, it is planned to invest in the construction of lithium-ion battery production base project in Che Liwan, Ningde, with a total investment of no more than 654.38+0 billion yuan.
The total investment mentioned above is about 30 billion yuan, of which 5.5 billion yuan is supplemented by working capital. According to the announcement of Contemporary Amperex Technology Co., Ltd., the three capacity projects in the fixed-income project will add a total annual capacity of 52GWh of lithium-ion batteries, and the total design capacity of the Cheliwan lithium-ion battery production base project is about 45Gwh. The new lithium-ion battery capacity is about 97Gwh, which will be built in two to three years.
According to the data, the production capacity of Contemporary Ampere Technology Co., Ltd. in 20 19 was 58Gwh, and this new investment expanded production by 97Gwh, which was about 1.7 times of the production capacity. In fact, in addition to its own power battery production line, Contemporary Ampere Technology Co., Ltd. has also established power battery production lines with automobile brands such as SAIC, FAW and GAC for its exclusive use. Considering other domestic and international energy production projects under construction and planning, it is estimated that the total production capacity will reach 240GWh in 2023.
"The new energy power battery and energy storage market has great potential, the company's production capacity is increasing, and research and development efforts are constantly strengthened. Based on this, it is very important to make sufficient capital investment and supplement working capital. This refinancing of 20 billion yuan is conducive to the global layout of the company's business and the further enhancement of the company's capital strength. " An insider of Contemporary Anpu Technology Co., Ltd. told the Economic Observer that "the market and customer demand are increasing day by day, and sufficient funds, production capacity, technology and project reserves are conducive to the company to better grasp market opportunities. The projects involved in the fixed-income project are deployed according to the company's overall strategy, which is in line with the company's future development plan. "
In terms of market share, Contemporary Ampere Technology Co., Ltd. has been ranked first in global power battery sales for three consecutive years since 20 17. The increasing demand of customers is an important reason for contemporary Ampere Technology Co., Ltd. to expand its production capacity. At present, Contemporary Ampere Technology has provided power battery products for SAIC, Geely, Yutong, BAIC, GAC, Chang 'an, Dongfeng, Jinlong, Jiangling and other brand car companies, as well as emerging car companies such as Weilai, Weimar and Tucki. In overseas markets, it has also deepened cooperation with international automobile brands such as Tesla, BMW, Daimler, Hyundai, Jaguar Land Rover, Peugeot Citroen, Volkswagen and Volvo. Previously, many automakers have said that due to insufficient battery supply, production capacity is limited.
In fact, as early as last year, Contemporary Ampere Technology Co., Ltd. announced that the existing production capacity can no longer meet the future market demand for products. In order to further promote business development and consolidate market position, it is planned to invest in the construction of Huxi lithium-ion battery expansion project, Jiangsu Times project and Liyang power battery project, and gradually release production capacity. This increase is financial support for these projects. In addition, Ningde Bangpu, a subsidiary of Contemporary Ampere Technology Co., Ltd., plans to invest no more than 965,438+0.3 billion yuan to build a project with a production capacity of 654.38+0.00 million tons (including 654.38+0.00 million tons of precursors) to accelerate the expansion of battery production capacity.
It is worth noting that under the large-scale expansion, contemporary Ampere Technology Co., Ltd. also hides the crisis. First of all, the rising cost of raw materials leads to the decline of core indicators such as gross profit margin and net profit. The data shows that the gross profit margin of contemporary Ampere Technology Co., Ltd. has been declining since 20 16. Year, 20 17? 20 18 years? Year and? 20 19? Year? 1-9? In June, the comprehensive gross profit margin of Contemporary Ampere Technology Co., Ltd. was? 43.70%、? 36.29%, 32.79% and 29.08%。
Contemporary Ampere Technology Co., Ltd. explained that the reason for the decline in gross profit margin was the rapid growth of power battery production capacity and the adjustment of subsidy policy for new energy vehicles, which led to the increase in the price of power battery systems. "If the future market competition intensifies or the national policy adjustment and other factors adversely change the company's product sales price and raw material purchase price, the company's gross profit margin will continue to decline."
In the announcement of the fixed increase of contemporary Anpu Technology Co., Ltd., it is further mentioned that due to macroeconomic fluctuations and changes in industrial policies? Market competition intensifies, new products and technologies are developed, gross profit margin drops, and raw material prices and supply fluctuate? Management problems caused by the expansion of business scale, decline in return on net assets and dilution of immediate return, as well as other possible risk warnings.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.