Competition in the lithium battery industry will further intensify in 2018, and the industry's elimination tide has arrived.

Recently, related companies in the lithium battery industry have announced the first quarter of 2018 results, compiled 31 companies' performance, and analyzed the performance of different companies in the industry chain to find out the development trend of the battery industry in 2018. The following is the detailed performance:

The top ten companies in the performance rankings are Tianqi Lithium, Tianci Materials, Han's Laser, Yanfeng Lithium, Hanrui Cobalt, Pioneer Intelligence, GEM, Shengyu Mining, Shanshan and Qitailai. Four of them are upstream cobalt-lithium raw material enterprises, three equipment companies, and three materials companies.

Tianqi Lithium Industry

In the first quarter of 2018, the company achieved revenue of 1.669 billion yuan, a year-on-year increase of 56.92%, and a net profit of 660 million yuan, a year-on-year increase of 62.7%. The reason for the increase in performance was that the sales price of lithium concentrates increased compared with the same period of the previous year.

In 2018, the performance of Tianqi Lithium Industry achieved steady growth, and the company is also actively deploying next-generation battery technology to help the company adjust its product structure. In December 2017, the company used its own funds of 12.5 million US dollars to participate in SolidEnergy's “C-round preferred stock” financing. After the investment, the shareholding ratio was 11.72%. SolidEnergy is located in Massachusetts, USA, focusing on development with super high, ultra-thin lithium metal negative battery (solid-state lithium battery) with energy density.

Godsend material

The company achieved revenue of 436 million yuan, a year-on-year increase of 14.95%, and a net profit of 412 million yuan, a year-on-year increase of 543.4%.

For the company according to the actual situation, the changing of accounting of Jiangsu Ronghui General Lithium Industry Co., Ltd., increase the company's current net profit of about 390.26 million yuan. During the reporting period, after eliminating the above-mentioned reasons for the impact on the company's net profit, the net profit attributable to shareholders of the listed company is expected to be 12.66 million yuan to 31.85 million yuan, with a range of -80% to -50%. The main reasons for the decline were: (1) market competition increased, the company's electrolyte product sales price dropped sharply, resulting in a decline in gross profit margin; (2) compared with the same period, the company's consolidated statement subsidiaries increased, resulting in increased costs; in addition, the company's research and development And increased spending on bank financing led to an increase in research and development expenses and financial expenses compared to the same period.

Han nationality laser

Dazu Laser's revenue in the first quarter of this year was 1.692 billion yuan, and net profit was 364 million yuan, up 11.2% and 140.7% respectively.

Han's Laser also entered the coater market through the acquisition of Jinhong Zhanyu. At present, it has entered the mainstream power battery manufacturers and other customers in the Ningde era.

Yan Feng Lithium Industry

In the first quarter of 2018, the company achieved revenue of 1.05 billion yuan, a year-on-year increase of 67.97%, and a net profit of 358 million yuan, a year-on-year increase of 162.6%.

The reason for the increase in performance is due to the downstream lithium battery market driving the demand for the upstream battery material industry, and the demand for lithium chemical products continues to be strong. Second, compared with the same period of the previous year, the company's raw material supply was guaranteed, and the production and sales of lithium products increased significantly year-on-year.

Hanrui Cobalt

In the first quarter of 2018, Hanrui Cobalt achieved revenue of 737 million yuan, a year-on-year increase of 218.6%, and a net profit of 255 million yuan, a year-on-year increase of 412.5%.

The reason for the increase in performance was that the company actively promoted the capacity expansion of the cobalt hydroxide production line in 2017, and the production capacity increased from 2,000 tons of metal to 5,000 tons of metal. It has been put into production to bring benefits; at the same time, the company's electrolytic copper production line transformation has also been completed. Production capacity has increased from 5,000 tons to 10,000 tons. In addition, as ternary lithium batteries become the mainstream development direction of new energy power batteries, the demand for cobalt in this market segment has pushed the price of cobalt products in the international market to continue to rise, which has also promoted the company's performance improvement.

Pilot intelligence

In the first quarter of 2018, the company achieved revenue of 657 million yuan, a year-on-year increase of 150.5%, and a net profit of 173 million yuan, a year-on-year increase of 90.8%. Among them, lithium battery equipment accounted for 84% of the company's main business.

The reason for the growth in performance is that, thanks to the support of the state for the new energy industry, the lithium battery industry continues to develop rapidly and continuously, and the company's lithium battery equipment business has also achieved sustained and rapid growth. In addition, the company actively explored new customers on the basis of stabilizing existing customers, and the production and sales performance of lithium battery related equipment was significantly improved compared with the same period of last year.

Greene

In the first quarter of 2018, the company achieved revenue of 3.084 billion yuan, a year-on-year increase of 80.05%, and a net profit of 171 million yuan, a year-on-year increase of 68.31%. The reason for the increase in performance was that in the first quarter of 2018, the company's production capacity was further increased and released, and sales increased, which led to a steady increase in the company's performance.

Shengyu Mining

In the first quarter of 2018, the company achieved revenue of 5.813 billion yuan, a year-on-year increase of 81.6%, and a net profit of 155 million yuan, a year-on-year increase of 64.44%.

Shanshan

Shanshan shares achieved revenue of 1.814 billion in the first quarter of 2018, a year-on-year increase of 17.94%, and a net profit of 150 million, a year-on-year increase of 79.54%. The increase in performance was mainly attributable to the year-on-year growth in the operating results of the company's lithium battery materials for the positive and negative electrodes, while the operating results of the new energy vehicle business decreased year-on-year.

Putailai

In the first quarter of 2018, the company achieved revenue of 573 million yuan, a year-on-year increase of 41.8%, and net profit of 128 million yuan, a year-on-year increase of 61%, of which lithium battery equipment business accounted for 21.3%.

In terms of lithium battery equipment, Jiangxi Jiatuo, a subsidiary of the company, has raised the “coating equipment production base and R&D center construction project” with the aim of improving the processing capacity of the company's coating machine parts. The company's lithium battery equipment production capacity reached 400 units, an increase of 33.33. %.

In addition, the company's in-depth layout in the field of equipment has been very effective. Recently, it intends to add more lithium battery equipment and expand the equipment business chain. The company plans to acquire 100% equity of Chaoye Precision.

There are 8 companies with declining performance, namely, Jianrui Woneng, Chengfei Integrated, BYD, Xiamen Tungsten, Yufu, Zhangzhou Mingzhu, NORD and Xinzhou. Among them, there are 4 battery companies, 1 diaphragm company, 1 cathode material company and 1 copper foil manufacturer.

Kenrui Woneng

In the first quarter of 2018, both revenue and net profit decreased sharply. Revenue was 1.117 billion yuan, down 59.8% year-on-year. Net profit was negative 319 million yuan, down 225% year-on-year.

Chengfei integration

In the first quarter of 2018, the company achieved revenue of 351 million yuan, a year-on-year increase of 51.88%, and a net profit of 24.46 million yuan, down 4238% year-on-year.

The decline in performance was due to the fact that the company's lithium battery business new production line was gradually consolidated in the second half of 2017, and fixed amortization increased substantially. Due to the new market subsidy policy, the lithium battery business order in the first quarter failed to achieve substantial growth, resulting in product units. The increase in cost and the fall in selling prices have caused the gross profit margin of lithium battery products to decline year-on-year.

BYD

In the first quarter of 2018, the company achieved revenue of 24.73 billion yuan, a year-on-year increase of 17.54%, and a net profit of 102 million yuan, a year-on-year decrease of 83%.

The reason for the decline in performance was that the new energy vehicle business, especially the electric bus, had a large decline in profitability, which brought great pressure on the overall profitability of the group.

Xiamen Tungsten Industry

In the first quarter of 2018, Xiamen Tungsten achieved revenue of 3.415 billion yuan, a year-on-year increase of 42.81%, and a net profit of 30.05 million yuan, a year-on-year decline of 77%.

Yufu shares

In the first quarter of 2018, the operation of the lithium battery business of Yufu was not as expected. As a result, the overall revenue and net profit of the company declined. In the first quarter of 2018, revenue reached 855 million yuan, down 0.56% year-on-year, and net profit was 16.43 million yuan, down 60.3% year-on-year.

Zhangzhou Pearl

In the first quarter of 2018, the company achieved revenue of 598 million yuan, down 14.4% year-on-year, and achieved a net profit of 55.48 million, down 59.5% year-on-year. The reason for the decline in performance was that the diaphragm products were affected by relevant policies and markets. The sales price of the products decreased more than the same period of the previous year, and the gross profit margin of the products decreased, resulting in a decline in product profitability.

Nord Shares

In 2018, it achieved revenue of 524 million yuan, down 15% year-on-year, and realized net profit of 238 billion yuan, a year-on-year increase of 32.7%.

New zebang

In the first quarter of 2018, the company achieved revenue of 450 million yuan, a year-on-year increase of 15.84%, and a net profit of 51.9 million yuan, a year-on-year decline of 23.3%.

The decline in performance was due to the decline in the price of lithium-ion battery electrolytes due to fierce competition and the significant decline in gross profit.

Star source material

In the first quarter of 2018, revenue was 172 million yuan, a year-on-year increase of 43.24%, and net profit was 89.43 million, a year-on-year increase of 158.1%.

Polyfluoride

In the first quarter of 2018, the company achieved revenue of 853 million yuan, a year-on-year increase of 26.65%, and realized a net profit of 76.08 million yuan, a year-on-year increase of 10.13%.

In addition, the ten companies with the fastest growth in performance are Tianci Materials, Mengshi Technology, Hanrui Cobalt, Dow Technology, Haofeng Lithium, Xingyuan Materials, Dazu Laser, Dangsheng Technology, Pioneer Intelligence and Shanshan Among them, there are 5 battery material companies, 2 equipment companies, 2 upstream cobalt and lithium raw materials companies, and 1 battery company.

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