Desai battery performance is eye-catching

Recently, Desai Battery released its first quarter results report. In 2018, Desai Battery's first quarter operating income was 2,978,683,723.35 yuan, an increase of 30.13% compared with 2,288,946,643.68 yuan in the same period of the previous year. The net profit attributable to shareholders of listed companies was RMB 76,059,719.09, an increase of 10.21% compared with RMB 69,010,820.55 in the same period of the previous year. Net profit after deducting non-recurring gains and losses was RMB 70,364,225.96, a year-on-year increase of 1.52%.

Non-recurring profit and loss items and amount schedule

Top ten shareholders' table in the first quarter

Top Ten Shareholders' Tables disclosed in the 2017 Annual Report

Comparing the list of the top ten shareholders released in the 2018 and first quarter 2017 annual statements, the proportion of shares held by Huijin has not changed, mainly because the proportion of shares held by investment fund companies has decreased.

In terms of business conditions, according to the report released by Desai Battery, Desai Battery is a holding company, mainly focusing on the lithium battery industry chain. Among them, Huizhou Battery is mainly engaged in small and medium-sized lithium battery packaging and integration business. Huizhou Lanwei is mainly engaged in small and medium-sized lithium battery power management system business. Huizhou Xinyuan is mainly engaged in power management systems and package integration services for large-scale power batteries and energy storage batteries.

At present, Desai Battery is in a leading position in the small and medium power management system and packaging segment. In 2017, Desai battery main products and conditions are as follows.

1. Consumer electronics battery.

With the obvious slowdown in market penetration, the consumer electronics industry has gradually changed from an incremental market to a stock market.

According to a report issued by IDC, a market consulting and consulting firm, the global smartphone market shipped a total of 1.462 billion units in 2017, a decrease of 0.5% from the 1.47 billion units in 2016. This is the first decline in history; in 2017, global tablet PCs came out. The volume of goods was 164 million units, a decrease of about 6.5% compared with 2016, and it declined for 13 consecutive quarters; global wearables shipments reached 115.4 million units, an increase of 10.3% over 2016. The smartphone market has entered the stock market, but the industry concentration has further improved, and the market share of leading manufacturers has continued to increase, showing a strong and strong situation.

Data shows that Samsung's overall shipments in the smartphone market increased by 1.9% compared with 2016, Apple rose by 0.2%, Huawei rose by 9.9%, OPPO rose by 12%, and Xiaomi's rise reached 74.5%. Desai Battery provides battery packs and power management systems for consumer electronics products to serve the world's top consumer electronics manufacturers. In 2017, Desai battery-related battery products are mainly used in consumer electronic products represented by smart phones.

2. Power management system for power tools.

With the continuous advancement of lithium battery technology and the gradual decline of cost, lithium batteries are increasingly used in the field of power tools, the cordless and portable nature of power tools make lithium batteries have better growth in the field of power tools. Maintain steady growth.

In addition to traditional power tool products, in recent years, with the rise of artificial intelligence, new smart home tools such as lithium vacuum cleaners and sweeping robots have developed rapidly, and lithium batteries have become more and more widely used in the field of smart homes. Desai Battery provides power management systems and packaging services for power tools. Customers include major power tool manufacturers including Black & Decker, Bosch, Makita, and Chuangke. In the future, we will continue to explore the potential of this market and existing customer base, and add intelligent control and interconnection technologies to traditional products to continuously promote the development of this business and maintain a competitive advantage.

3. New energy vehicle battery business.

China's new energy vehicle market is still experiencing explosive growth. According to the statistics of China Association of Automobile Manufacturers, in 2017, China's new energy vehicle production was 794,000, with sales of 777,000 units, an increase of 53.8% and 53.3% over the same period of the previous year, the year-on-year growth rate of production and sales increased by 2.1 and 0.3 percentage points respectively. In 2017, the new energy vehicle market accounted for 2.7%, an increase of 0.9 percentage points over the previous year.

As the core components of new energy vehicles, with the rapid increase in the output of new energy vehicles, the demand for lithium-ion batteries for vehicles has continued to grow explosively. Power batteries have become the dominant force in the growth of the lithium battery industry, but their market competition is increasingly Fierce, existing power battery companies have expanded their production capacity, and more and more new competitors are competing to enter this business field. The growth rate of production capacity far exceeds the growth rate of sales, industry competition is intensifying, and the profit margin of the industry chain is falling.

Desai Battery provides battery pack and power management system for new energy vehicles. Large power management systems and package integration services such as power batteries and energy storage batteries are the key business areas of Desai Battery in the next few years. During the reporting period, Desai battery power battery business has not yet formed scale sales, and the R&D and manufacturing costs are high, and the operation effect is not satisfactory.

4. Brushless motor control system.

The brushless motor is developed on the basis of the brush motor. With the development of microelectronic technology and automatic control technology, the brushless motor came into being. Compared with the traditional brush motor, the brushless motor has a wide speed range and low noise. The advantages of high conversion efficiency, good performance at low speed (high current and small torque at startup), and wide application in many business fields such as electric vehicles, industrial automation, smart home, etc. Replace the development trend of brushed motors.

Desai Battery provides control system for brushless motors. It is a newly developed business area of Desai Battery in recent years. The products are mainly used in the field of power tools and smart homes. The business is still in its infancy. Desai Battery believes that the brushless motor control system will become an important part of the intelligent era and is one of the key business directions of Desai Battery in the future.

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