The new rising point locks the energy storage path Desay Battery invests 350 million to develop energy storage battery business
According to the strategic plan, Desay Battery (000049) extends from the power management system and packaging integration business to the battery cell business.
On the evening of December 16th, Desay Battery announced that the company intends to jointly establish a holding subsidiary with strategic investors and other relevant parties to carry out energy storage battery business. The registered capital is 500 million yuan, of which the company will invest 350 million yuan in cash. .
The company's share price recorded a daily limit today, closing at 51.65 yuan. It is worth mentioning that the company's stock price has risen rapidly from the low of 31.03 yuan in the year on September 29, and has risen by 66.45 percent so far.
According to public information, the company is a holding company, and its business layout mainly focuses on the lithium-ion battery industry chain. Among them, Huizhou Battery and Changsha Battery are mainly engaged in small and medium-sized lithium-ion battery packaging and integration business, and Huizhou Lanwei and Vietnam Lanwei are mainly engaged in small and medium-sized lithium-ion batteries. Ion battery power management system business, Huizhou Xinyuan is mainly engaged in large-scale power lithium-ion batteries, energy storage batteries and other power management systems and packaging integration business.
The company is currently in a global leading position in the lithium-ion battery power management system and packaging integration business, and has accumulated relatively good experience in product technology and high-quality customer resources.
The announcement stated that batteries are a key link in the battery industry chain, and having good battery capabilities is an important manifestation of the competitiveness of the battery industry. The company has already accumulated a good amount of energy storage packaging integration business, planning the layout and construction of energy storage battery capacity is an inevitable choice for the company's development strategy.
From the perspective of the company's business structure, lithium battery businesses such as new energy vehicles and energy storage are rapidly rising.
In the first half of this year, the company's smartphone battery-related business achieved sales revenue of 3.251 billion yuan, down 21.12 percent year-on-year; smart wearable device battery-related business achieved sales revenue of 1.305 billion yuan, up 24.55 percent year-on-year; tablet and laptop battery business achieved sales revenue of 11.72 100 million yuan, down 8.69 percent year-on-year; electric tools and vacuum cleaner lithium-ion battery business achieved sales revenue of 1.206 billion yuan, up 78.50 percent year-on-year; shared power bank, new energy vehicles, energy storage and other lithium-ion batteries and other businesses achieved sales revenue of 751 million yuan Yuan, an increase of 68.22 percent year-on-year.
Desay Battery plans, the company will continue to expand the power lithium-ion battery power management system business, and continue to improve the operating results of this business module. At the same time, vigorously develop the power management system and packaging integration business of energy storage batteries, take the company's new Huinan plant as an opportunity to expand the business scale, and make the energy storage business a new business growth point for the company
In October this year, Desay Battery stated on the interactive platform that the company produced energy storage lithium-ion battery products for Huawei. The company's energy storage battery products are mainly used in 5G communication base stations, home energy storage, UPS data center power supplies, etc. The energy storage lithium-ion battery market is a business area that the company will focus on developing in the future.
The research report of CICC believes that in the future, Desai Battery is expected to continue to introduce more parts supply based on the PACK business, grasp the development dividend of the energy storage industry, and become the second rising curve of performance.
