29, Guoxuan Gaoke released its semi-annual report for 2023. During the reporting period, the Company realized operating income of RMB15.239 billion, representing a year-on-year increase of 76.42%, and realized net profit attributable to parent company of RMB209 million, representing a year-on-year increase of 223.75%.
Power and energy storage double growth
Guoxuan Gaoke's main business covers power lithium battery system, energy storage battery system and transmission and distribution equipment. The semi-annual report shows that the power lithium battery and energy storage battery business is the main body of the company's revenue. In the first half of
2023, benefiting from the rapid development of the new energy automobile industry, Guoxuan Gaoke's power battery business realized revenue of 10.478 billion yuan, an increase of 58.56% over the previous year, accounting for 68.76% of the total revenue. The company's domestic electric vehicle customer structure has been continuously optimized, and in the first half of the year, Guangqi Ean, Hezhong Nezha and other fixed-point projects have been added.
At present, the company has established strategic cooperative relations with SAIC Datong, Shangtong Five, Jianghuai Automobile, Chery Automobile, Chang'an Automobile, Geely Automobile, Great Wall Automobile, Zero-run Automobile, United New Energy and other automobile enterprises. At the same time, the company continues to supply overseas customers Ebusco in the Netherlands, Tata in India and Vinfast in Vietnam.
At the same time, the proportion of Guoxuan Gaoke's energy storage business has been expanding, which has become the second growth curve of the company, and the growth momentum is more rapid, with the revenue scale reaching 4.147 billion yuan, an increase of 224.33% over the previous year, accounting for 27.21% of the revenue.
Guoxuan Gaoke introduced that in the first half of the year, with the growth of energy storage demand on grid side, power generation side, power supply side and user side, the demand for new energy storage market was released rapidly, the scale of global energy storage battery shipments reached a new high, the industry ushered in large-scale expansion, and the company is seizing the opportunity of industry outbreak.
In addition, in the first half of the year, the overall gross profit margin of Guoxuan Gaoke was improved. Compared with the first half of 2022, the gross profit rate of the company's power lithium battery business increased from 12.49% to 13.22%, and the gross profit rate of the energy storage battery business increased from 10.24% to 17.43%.
Strengthen battery technology innovation
During the reporting period, the R & D investment of Guoxuan Hi-Tech reached RMB1.204 billion, representing a year-on-year increase of 38.49%; 653 new patented technologies were added, 4672 patents were authorized, and 66 standards were formulated.
At present, the company has finalized the design of 230Wh/kg lithium iron phosphate battery core; it has realized the mass production and loading of 302 Wh/kg ternary battery core, and the system energy density has exceeded 200 Wh/kg; the 360Wh/kg ternary semi-solid battery has passed the strict needle test, and the system energy density can reach 260 Wh/kg.
At the beginning of this year, Guoxuan Gaoke was officially accredited by Volkswagen Group's Core Testing Laboratory, marking that the company's testing and verification capabilities were recognized by Volkswagen Group and formally entered the world's leading technology management system.
On May 19, the company released the L600 Qichen battery core and battery pack of the self-developed new LMFP system at the 12th Science and Technology Conference. The energy density of the battery monomer is 240 Wh/kg, and the energy density of the system is 190 Wh/kg.
Accelerating the development of international business
in the first half of the year, Guoxuan Gaoke's overseas business revenue was 3.062 billion yuan, an increase of 296.74% over the previous year, accounting for 20.09% of the total revenue. Relying on the existing technological advantages and abundant product series reserves, the company continues to build the core competitiveness of overseas business, and the supporting system of international R & D, production, supply and marketing integration is accelerating to maturity, which will promote the growth of overseas business. During the
reporting period, Guoxuan Hi-Tech's new generation of power battery and energy storage battery production lines in Europe, America, Southeast Asia, South America and other regions, as well as its raw material bases in Indonesia, Argentina, the United States and other places were gradually established. It reached strategic cooperation with InoBat, a European power battery manufacturer, to jointly explore and develop the European market.
Guoxuan Hi-Tech also entered into the Renault-Nissan-Mitsubishi alliance supplier system and supplied goods through strategic cooperation with EasyJet, and built Vietnam's first lithium iron phosphate battery manufacturing plant with VinFast, a Vietnamese automobile company, to speed up the layout of the Southeast Asian market; It has strategic cooperation with well-known overseas companies such as TATA in India, Nuovo Plus in Thailand and Edison Energy in Japan.
In addition, in May this year, Hefei Guoxuan, a wholly-owned subsidiary of Guoxuan Gaoke, received a fixed-point purchase letter from Volkswagen Automobile Group, which will become a fixed-point supplier of lithium iron phosphate "Unified Cell" power lithium battery products in the overseas market of Volkswagen, and will subsequently supply a full range of models to Volkswagen Automobile Group. In terms of
energy storage, Guoxuan Hi-Tech has exported 1GWh + energy storage products to the US market. In the first half of the year, Guoxuan Hi-Tech entered into strategic cooperation with Edison Energy of Japan, and both parties will work together to develop the energy storage and recycling market in Japan and promote the popularization of renewable energy in Japan. The company's overseas energy storage partners include ABB, Invenergy, Jinko, Borrego and NextEra Energy.
It is worth mentioning that on August 17, Guoxuan Gaoke said on the interactive platform for investors that the company will unswervingly follow the strategic line of globalization and strive to open up four major markets in China, Asia-Pacific, Europe, Africa and the Americas. At present, the company has completed the strategic layout of three overseas bases in Germany, India and Vietnam, and the construction of other overseas bases is steadily advancing.
浙公网安备33010802003254号