Costar's three main businesses work together to continue the high growth of the charging pile business

A few days ago, Costar (002518) held an investor reception day, the company's senior executives on the company's recent development and strategic planning, institutional investors and brokerage analysts engaged in in-depth exchanges. Costar said that the company's data center, photovoltaic power generation and energy storage, electric vehicle charging pile business has maintained a good development trend. In the future, while maintaining the core competitiveness of the existing main business, it will be active in robot servo control and vehicle driving. Layout, It has been developing steadily around the power electronics industry.

Three main businesses go hand in hand

During the investor reception day, Costar 's management and investors conducted in-depth exchanges on the company's operations in 2017 and its future development plans.

According to the 2017 annual report of Costar, the company's total operating income was 272,9616,200 yuan, an increase of 55.94 % over the same period last year; The operating profit was 406,303,300 yuan, an increase of 31.03 % over the same period of the previous year; The total profit was 41,180,400 yuan, an increase of 23.01 % over the same period of the previous year; The net profit of shareholders belonging to listed companies was 371.4394 million yuan, an increase of 25.55 % over the same period last year. Costar has achieved steady growth for many years with its leading technology, quality products and efficient supply chain management.

Costar said that in 2017, the company's data center key infrastructure products with high reliability, intelligent, green and energy-saving quality, as well as innovative circuit design concepts, have been widely used in many industries, has always maintained the leading position in the industry. The company's photovoltaic new energy business has achieved significant growth in business performance with the relevant benefits of industry and policy, and with industry leadership in product and technology levels. At the same time, through the deep digging of markets and customer pain points, The new business model of "new energy photovoltaic + energy storage" was launched to provide strong support for the company's sustainable and healthy development. The company's electric vehicle charging pile business has achieved a significant improvement in operating performance through extensive and in-depth participation in Multi-area public transportation charging pile projects and in-depth cooperation with large real estate developers and car companies. In the overseas market, with the gradual improvement of the layout of the company and the continuous deep cultivation of the market, overseas contracting agents and their own brand shipments have achieved significant growth.

Liu Chengyu, chairman of Costar, said that since its establishment, the company has always adhered to the concept of "market-oriented + technology-driven" development and established an industry-leading marketing network platform and supply chain production platform. And built the perfect independent intellectual property rights system and the industry's leading R&D platform system, and formed the core competitiveness of the sustainable development of the company, for the company's continuous healthy and stable growth of a solid foundation.

High and sustained growth of charging pile business

It is worth mentioning that in the three major businesses, Costar's charging pile business has continued to maintain a high growth since 2018. Customers have covered multiple bus companies, charging pile operators, charging pile assembly plants and vehicles. enterprise. On the basis of the market of charge pile module in the original dominant field, the market expansion of charge pile was increased.

Costar introduced that the company has now entered the supplier Bank of Country Garden, Vanke, China Resources and other real estate enterprises, and at the same time in the public transportation sector, the company won the bid Lanzhou, Guilin and many other public transport charging pile projects. In 2018, the production and sales of new energy vehicles were booming, and the demand for charging piles met with explosive growth. In March 2018, the company announced that it had won the Quanzhou public transportation project with a winning bid of 23.32 million yuan. In 2018, the charging pile business is expected to continue to grow high.

In terms of future strategic planning, Costar said that the company will always focus on the power electronics industry to carry out related business, relying on the company's technical level and supply chain management advantages, while doing a good job of the existing main business, while actively demanding new profit growth points. For the company's shareholders.

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