Power cell giant Ningde era officially landed on the GEM

Following the drug Mingkangde and the industrial wealth Association, on June 11, 2018, the stock market ushered in the third "unicorn" company, and the power battery giant Ningde era officially landed on the GEM. As of the close, the Ningde Times reported 36.20 yuan, an increase of 43.99 % over the issue price of 25.14 yuan, and the total market value reached 78.6 billion yuan.

The low-key chairman stressed that the innovation R&D site did not have a big red banner, there was not too much noise, and even in the short process of ringing the bell, a group of executives did not increase the time to ring the bell because of excitement, it seemed calm and calm. The low profile of the bell ringing ceremony contrasts with the market's enthusiasm for "unicorns."

The company's leadership wants to keep a low profile, according to executives. In addition to the internal management, the ceremony only invited a small number of external guests. Compared with the scene of other companies ringing the bell, the seats at the venue are still vacant.

Chairman Cengyuqun is even more low-key. Cengyuqun pointed out that the company's listing is the result of strong customer support and the company's single-minded efforts. The Ningde era is committed to being a world-class innovation technology company. "I hope our products will help customers succeed in the market. This is the value of the Ningde era. In a short three-and-a-half minute speech, it repeatedly emphasized the need to increase innovative R&D.

Cengyuqun pointed out that in the Ningde era, the entire industrial chain layout was carried out in the battery field, the material field, the system field, the sales of reproduction services, and recycling. The company has core technology, R&D is in the forefront of the world, now has more than 2,800 patents, each year more patents than the industry. He emphasized that "we have always taken R&D and scientific and technological innovation as important guidance for company development and hope to contribute more to the development of new energy industries through innovation. "

According to public data, the cumulative investment in R&D in the past three years in the Ningde era was as high as 2.965 billion yuan. In 2017, R&D funding accounted for 8.16 % of the operating income of the year. According to statistics, in the era of Ningde, more than 2,800 patents have been applied for public authorization. As of December 31, 2017, Ningde Times and its subsidiaries owned a total of 907 domestic patents and 17 overseas patents, and a total of 1,440 domestic and overseas patents were being applied for. In terms of technical talents, in the era of Ningde, there were 2 experts in the National "Thousand People Plan", 6 experts in the "Hundred People Plan" of Fujian Province(including 1 team), 119 doctors, and nearly 850 masters. The proportion of R&D personnel in the total number of employees exceeded 20 %.

Ningde senior officials station, to develop new energy called the bell in the ring ceremony, Ningde party secretary, Mayor Guoxiwen and other senior officials of Ningde also included, for the native unicorn station call, reflecting the Fujian Province in the breeding in the local "unicorn" The importance of the company. At present, Fujian Provincial Party Committee and Provincial Government attaches great importance to the development of the new energy automotive industry.

The mayor said that the lithium power and new energy industries in Ningde, Fujian Province, led by the leading companies represented by the Ningde era, quickly emerged from scratch and gathered nearly 40 upstream and downstream companies, creating the world's largest polymer lithium ion battery production base.

It is understood that Fujian province to speed up the promotion and application of new energy vehicles, to promote industrial development, put forward a clear goal, namely: by 2020, the province will promote a total of 350,000 new energy vehicles. In terms of buses, at the end of 2017, the traditional fuel city buses purchased by the province in 2010 and before were updated to pure electric buses; In 2018, the traditional fuel city buses purchased by the province from 2011 to 2013 were updated to pure electric buses; In 2020, the city bus in the province was upgraded to a new energy vehicle. In terms of road passenger vehicles, in 2020, the road passenger vehicles suitable for the use of new energy vehicles in the province will achieve an electric rate of 50 %. In terms of urban taxis, by 2020, the electric rate of taxis in cities such as taxis and taxis in the province's cities will be higher than the national average, and new and updated vehicles will be encouraged to adopt new energy vehicles and lease vehicles to realize electrification on a hourly basis. In terms of urban special vehicles, in 2020, urban special vehicles such as urban sanitation and logistics in the province will achieve an electric rate of more than 50 %. In terms of private passenger vehicles, in 2020, the province's private new energy passenger vehicles have been promoted to more than 150,000 vehicles. In addition, Fujian has proposed the "Development and Application Project of 100MW New Lithium-ion Battery Scale energy storage Technology", a key national "13th Five-Year Plan" smart grid technology and equipment project that will be undertaken in conjunction with the Ningde era. Construction of national demonstration project of Super large energy storage and peak adjustment power station above 100 megawatt level in Fujian province.

Comment: The IPO scale of 5.462 billion yuan raised in the era of Ningde is the largest IPO since the establishment of the GEM in 2009. Although the amount of capital raised was "reduced" by more than half compared to previous expectations, the IPO size of 5.462 billion yuan is still firmly in the top position of the GEM IPO. If according to the existing production capacity plan in the era of Ningde, the company's total production capacity is expected to reach 80 GWH by 2020, which will contribute a strong impetus to Fujian Province and even the whole country. The promotion and application of new energy vehicles in Fujian province and the development of related industries in Fujian province will help Fujian to realize the green, circular and low carbonization of circulation in Fujian province. It is also a new development opportunity for ningde era.

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