Jianrui Woneng specialize in power battery

"In the first quarter of this year, power battery shipments are around 1.1 gw, and shipments in the second quarter are expected to reach 2.5 kW." On July 7, at the new energy vehicle industry innovation exchange symposium, Jianrui Woneng, deputy general manager, Dong Jun Li Jun told reporters that the only main business in the future will be power batteries.

In 2016, Jianrui Woneng was able to purchase a 100% stake in Shenzhen Waterma for a price of RMB 5.2 billion. Due to the inclusion of Waterma assets, Jianruiwo was able to turn losses in 2016 and its performance in the first quarter of this year increased by 168130.26%.

Jianruiwoneng strip the fire service and specialize in power battery

Separate the fire service

Jianrui Woneng was formerly known as “Jianrui Fire Fighting”. After the restructuring of the new energy, company Wattage was completed last year, the main business of the listed company has gradually transformed from a fire protection business to a new energy source.

Jianrui Woneng previously announced that it intends to transfer its 52% stake in Beijing Fusell, its holding subsidiary, to Beijing Ruibang for 3588 million yuan. At the same time, Jianrui Woneng will also be related to the fire alarm system business. The account debts (the ending balance of a total of 5,446.55 yuan, net worth of 3,129.97 yuan), to 3313 million yuan to the price of Beijing Fusell.

"At present, the scale, revenue, and profit of fire protection products are very small compared with power batteries." Li Jun said that the current fire protection products have been basically disposed of, involving the staff placement problem of the fire protection business for many years; At present, there are two companies, one is Daming Technology, which was purchased in 2014 for 420 million yuan. This year is the last year of performance commitment; the other is Jianrui Yongan System Company, due to thin profit, accounts receivable Big, consider stripping it out.

Li Jun added that after Daming Technology’s performance commitments are completed by the end of this year, the fire service will be completely stripped out in the future.

Earlier, Jianrui Woneng also disclosed a notice on the subscription of the equity of Australia's Altura Mining, which is intended to subscribe for 306 million shares issued by Altura for every 0.136 Australian dollars. The total transaction amount is A$41.616 million (approximately 215 million yuan). ). Upon completion of the transaction, Jianrui Woneng will hold a 19.9% stake in Altura and become its largest shareholder.

The reporter learned that Altura's 100% ownership of the Pilgangoora project is the key to the transaction. The founder of Wattma, Li Yao, general manager of Jianrui Woneng, once admitted that the shortage of raw materials for lithium batteries is becoming a major constraint to the development of the new energy industry. The jump in demand for power batteries has led to a sharp rise in the price of lithium carbonate, which aims to strengthen the control of upstream lithium resources by listed companies.

‘’Because of the work and living habits of Australians, the progress of the project is slower than we expected.’’ For the progress of the project, Li Jun said frankly that the two sides have been in contact with each other for some time, and if they do not mine again in the middle of next year, they will Take corresponding measures.

Li Jun also said that for the future selection of merger targets, only the uppermost lithium resources in the upstream are considered. The upstream and downstream of the battery industry chain are basically not considered, because the innovation alliance initiated by Wattma has covered more than 1,000 upstream and downstream of the industrial chain. Enterprises, if Jianrui can do it again, the interests of them are difficult to balance.

For the industry's hot question about the cruising range of lithium iron phosphate battery, Rao mumin, dean of the Wattma Battery Research Institute, said that the cruising range problem is relative. Under the premise of not pursuing pure energy density, the Wattma battery turns to aim. Improve the fast charge and low-temperature performance, to some extent, can make up for the problem of lithium iron phosphate cruising range.

There is no cross-shareholding relationship between the original shareholders of Wattma and the new energy capacity.

According to Jianrui Woneng’s announcement, Wattma has a total of 60 billion orders in the first quarter and 7 billion orders in the second quarter. Behind orders and performance surges, Wattma’s unique development model has also been questioned.

As early as October 2013, Wattma united several upstream parts suppliers and announced the establishment of the Wattma Innovation Alliance. This is the first joint organization in China to be a member of a new energy auto parts supplier. By 2017, the members of the Wattma Innovation Alliance have exceeded 1,000.

Li Yao once said that a single supplier is always in a weak position in the game with the OEM. As a component supplier, it used to be passive, and the OEM has the demand for orders. This way, not only is there fewer sales, but it often requires collateral, and the payment is particularly slow. Now the operating company proposes the technical requirements of the whole vehicle according to the market, and the parts and components companies assist in cooperation from the perspective of technical cooperation. In this way, the parts companies, automakers, and operating companies are a shared and cooperative relationship.

However, some media have previously argued that Wattma and the alliance enterprise, the new energy capacity, not only have multiple personnel information overlaps at the shareholder level; at the operational level, Wattma bears thousands of people for the new energy capacity. Recruitment, and bear high labor compensation.

In response, Li Jun responded that based on the market optimism, the company's actual controller Guo Hongbao originally held less than 5% of the new power, and later diluted to 3.74% of the shares, the new report has been disclosed as a related party in the annual report. That's it, there is no cross-shareholding relationship between the original shareholders of Wattma and the new Woyun capacity. For the company, the battery is sold to the OEM, and the OEM is sold to the new carrier. The new capacity will be ordered from the OEM according to their actual operation, purely for their own business behavior and needs, and the company's income. The confirmation was also strictly audited by an accountant.

‘’There is no equity relationship. The final exchange is also approved by our various objective basis.’’ Zhao Le, Chairman of New Woyun Power, responded.

Why is Wattma recruiting for the new Woyun capacity? Zhao Le explained that Xinwoyun has an exploration process for the operation development model. Last year, he once entered the logistics field, that is, he tried to provide the "car + driver" service to the market. At that time, it was necessary to recruit a large number of drivers in the short term, but it was not possible to do so in Shenzhen's new capacity. Therefore, other companies in the alliance were called to help recruit drivers. But now it is clearly positioned in operation and maintenance, not logistics.

"Our development is in sync with the industry. Because Wattma is in the core unit of the Innovation Alliance, the development speed will exceed the average development speed of the industry." Li Jun said.

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