Xinwanda released its 2017 performance report, net profit rose sharply

According to the 2017 performance report released by Xinwangda, in 2017, the company achieved a total operating income of 14,044,882,525.43 yuan, an increase of 74.43%; a net profit attributable to the parent company of 543,800,639.99 Yuan, an increase of 20.86%. During the reporting period, the company continued to implement the “PPS” strategy. In the increasingly fierce market competition, the company actively cooperated with international and domestic customers, and it is market share gradually increased. Customer recognition and satisfaction were further improved, and the company’s revenue and net profit were realized. Stable growth, the company's core competitiveness has been further consolidated and upgraded, has become the world's leading lithium battery manufacturer.

During the reporting period, the company's traditional core business continued to develop steadily. The revenue of consumer lithium battery business continued to grow at a high speed. The production scale of consumer battery business gradually expanded. The electric vehicle battery business started well, and the electric vehicle battery system business expanded rapidly. The production of the battery core was smooth and put into production soon. The non-public issuance of the company progressed smoothly. On November 16, 2017, the approval of the China Securities Regulatory Commission was approved. As of the date of issuance of this report, the non-public issuance has been completed. The funds raised will effectively improve the company's liabilities and ease the company's financial pressure, to promote the development of the company's new business.

In the field of power battery business, Xinwangda has formulated and improved the strategic planning of the power battery business and determined the “three-complete” business strategy measures, namely: comprehensive entry into the power battery industry, comprehensive control of core resources, and strategic layout of the entire industry chain. In 2017, Xinwangda won the honorary unit of “Power Battery Application Branch” of China Chemical and Physical Power Industry Association and Xinwangda Electric Vehicle Battery Co., Ltd. obtained the national high-tech enterprise certification. Major breakthroughs have been made in market development, research and development, production capacity building, and declaration of national projects. Market development: The company power battery business strength and development potential have been highly recognized by many well-known new energy vehicle companies at home and abroad, and established a joint synchronous development mechanism for battery systems with customers on several new models. Currently, there are seven models. The supporting passenger car officially entered the national announcement catalog, and the car battery business has been steadily and continuously growing. At the same time, Xinwangda further enriched and expanded the Sanquan strategy, carried out industrial chain layout and regional investment, and approached the regional layout of major automakers. R & D: the company focuses on the development and development of power battery systems and power batteries, and the research and development results have reached the advanced level in the industry and have been highly recognized in the industry. BMS development is the first in China to pass the ISO26262 process certification. In 2017, we completed the sample certification of 5 core products of 7 core customers and received good feedback from customers. Two independently developed batteries passed the GB/T test. This year, the relevant departments of the power sector applied for a total of 74 patents. At the same time, the Battery Research Institute and the South China University of Technology set up a joint research and development center for power batteries to further consolidate its own research and development capabilities and create an integrated development strategy for production, education, and research. Production capacity construction: The construction of the power battery production line will be smooth, and will be officially put into mass production in 2018. National and government project declaration: The company has undertaken the “Special Application of Intelligent Manufacturing New Mode of the Ministry of Industry and Information Technology”, “The Innovation Chain + Industry Chain of the Economic and Information Committee”, and the “Key Technology Development of 300Wh/Kg Lithium Ion Power Battery” by Shenzhen Science and Technology Commission, Guangdong Provincial Department of Science and Technology "development of High Energy Density lithium-ion batteries Based on Micro/Nano Structure High Nickel Ternary Cathode Materials" and more than ten government projects.

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