Smart Energy 2017 Key Layout 21700 Battery Single Energy Density exceeds 265 Wh / kg

On April 25, Far East Smart Energy Co., Ltd.(`` Smart Energy ") announced its annual report for 2017, which realized operating income of 17.26 billion yuan for the year, an increase of 40.98 % year-on-year; The net profit was 51,081,600 yuan, a year-on-year decrease of 82.18 yuan. The decline in net profits was mainly due to the fact that the cable and cable business was affected by rising prices of raw materials such as copper and aluminum.

The report shows that Smart Energy was founded in 1985 and is the leading domestic power product smart manufacturing and energy Internet leading company. At present, four major business sections have been formed: smart manufacturing of power products, new energy smart car power system and smart manufacturing of energy storage equipment, clean/new energy smart system, and Internet electrical platform.

Among them, the new energy smart car power system and energy storage equipment smart manufacturing business sector, the operating income of 1.49 billion yuan, a year-on-year increase of 39.35 <UNK>. Details of the operations are as follows:

Zigongsiyuandongfusite's three-yuan 18650 lithium battery has a production capacity of more than 3GWh, and the power battery is currently produced at an annual output of 100,000 units. In 2017, the project "Research and Development and Industrialization of 3GWh High Energy Density lithium battery" was launched, focusing on the layout of 21700 batteries, and the construction of six 21700-5Ah automatic production lines for 200PPM. The single energy density can exceed 265 Wh / kg, which is at the leading level in the industry.

Power battery production capacity and shipping volume have continued to increase, and it has entered the top six domestic passenger car installed capacity, and has formed supporting cooperation relations with domestic mainstream new energy smart car companies such as Hua Chen, Zhong Tai, Jiang Ling, and Shaanxi Auto Tong. And continue to expand strategic customers emerging Internet car companies.

The introduction of outstanding teams in the industry to promote the construction of smart energy industry parks, the layout of high-performance lithium-ion soft pack batteries, and the planned production capacity of 6GWh(which can be expanded to 12 GWh in the future), the first phase of the plan will be completed and put into operation by the end of 2018. In the future, it will build a leading domestic, world-class automation, intelligent soft pack and square aluminum shell lithium battery production base in Yixing, Jiangsu Province.

Strategic cooperation lithium upstream lithium carbonate enterprise Yichun Nanshi Industrial, actively layout lithium ore resources, open up the lithium new energy industry chain, Nanshi has 20,000 tons of lithium carbonate production capacity, plans to produce 60,000 tons of lithium carbonate production capacity by 2020. At present, Yichun City has proven 2.5 million tons of lithium oxide storage, which provides a strong guarantee for the company's future lithium electricity raw materials.

The subsidiary, Sanda Electric, relied on the upgrading of the original copper industry to launch a 20,000 ton high-precision ultra-thin lithium electric copper foil project to support the production of high-end power lithium batteries. The first phase of the project has been completed.

In the report, Smart Energy also set a target for 2018: operating income of 20 billion yuan, the overall gross profit rate of 18 billion or more, and net profit of more than 600 million yuan. In the field of new energy smart automotive power systems and smart manufacturing of energy storage equipment, we will fully promote the development and industrialization of the 3GWh high-energy density power storage lithium battery produced by Foster in the Far East and the smart energy industry park and 6GWh high-performance power and storage energy. Lithium batteries and other industrial chain projects will focus on improving the performance and production capacity of lithium battery products. We will build a manufacturing base for the company's lithium battery industry and focus on building a new energy smart car operation and service system and a national energy service network with lithium batteries as the core.

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