On October 25, Yiwei lithium energy (300014) released the third quarter report of 2019. The company achieved an operating revenue of 2047475093.22 yuan in the third quarter, an increase of 81.94% year-on-year; The net profit attributable to shareholders of listed companies was 658260918.32 yuan, an increase of 199.23% year-on-year.

In the first three quarters, the company achieved an operating income of 4577189580.17 yuan, an increase of 52.12% over the same period last year; The net profit attributable to shareholders of the listed company was 1158766722.53 yuan, an increase of 205.94% over the same period last year. Yiwei lithium energy said that the sharp increase in net profit during the reporting period was mainly due to ① the superposition of the demand for lithium primary batteries and SPC for etc and smart meters, the doubling of shipments, the increase of gross profit margin of products and the sharp increase in net profit; ② The production efficiency of small lithium-ion batteries has been improved, and the profitability has been further enhanced; ③ The orderly release of power battery capacity promotes performance growth and profitability; ④ The performance of associated enterprise mcwell increased.

The main business of Yiwei lithium energy is the R & D, production and sales of consumer batteries (including lithium primary batteries, small lithium-ion batteries) and power batteries (including new energy vehicle batteries and their battery systems, energy storage batteries). In the first half of this year, the company achieved an operating revenue of 2.53 billion yuan, an increase of 34.30% year-on-year; The net profit was 501million yuan, an increase of 215.23% year-on-year. Among them, the lithium-ion battery business achieved an operating revenue of 1.874 billion yuan, an increase of 47.64% over the same period last year; Lithium primary battery business achieved an operating income of 655.9004 million yuan, an increase of 6.74% over the same period last year.

It is worth noting that on May 15, in order to actively promote the development of the company in the field of new energy batteries, Yiwei lithium energy plans to expand the production scale of power batteries in China, with an investment scale of no more than 3.5 billion yuan. On the evening of September 26, Yiwei lithium energy announced that the company or its subsidiary Yiwei Asia plans to sign a "joint venture contract" with ski. The joint venture produces soft pack power batteries with an annual production capacity of 20~25gwh; The company or Yiwei Asia contributed US $525million in cash, accounting for 50% of the registered capital of the joint venture.

A few days ago, Yiwei lithium energy said in an interactive exchange with investors that the power battery production project with a capacity of 20~25gwh is planned to be constructed by stages. The first phase plans to build 10gwh power batteries, which will start construction in the third quarter of 2019. It is expected to be mass produced by the end of 2020. After completion, it is expected to increase the power battery capacity with an annual output of 10gwh. The second phase plans to build 10~15gwh power batteries, which is expected to start construction in mid-2020. It is expected to be mass produced in 2021. After completion, it is expected to increase the power battery capacity with an annual output of 20~25gwh.


Article source:Battery net