After the addition of the lithium battery business, Changhong Energy’s revenue net profit development has been positive.

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/ 2019-04-11 / News

Changhong Energy's 2018 lithium battery business achieved revenue of 239 million yuan, accounting for 22.34% of operating revenue, making it an important source of performance.

Recently, Changhong Energy (836239) released its 2018 annual report, which stated that the company achieved revenue of 1.07 billion yuan, a year-on-year increase of 31.50%. The net profit attributable to the parent company was 61,873,400 yuan, a year-on-year increase of 14.51%.

Changhong Energy is a service provider for the design, development, production and marketing of alkaline manganese batteries and lithium batteries. During the reporting period, the company's main business added a new cylindrical lithium-ion battery, and its industry expanded from a cylindrical alkaline zinc-manganese battery industry to a cylindrical lithium battery industry. The customer base covers power tools and gardens. Tool market.

The annual report shows that Changhong Energy's 2018 lithium battery business achieved revenue 239 million yuan, accounting for 22.34% of operating income, has become an important source of performance.

On March 15, 2018, Changhong Energy announced that it The company acquired 31.57% equity of Jiangsu Sanjie New Energy Co., Ltd. (now renamed “Changhong Sanjie”) with RMB120 million in cash, and subscribed for a registered capital of RMB1,871,100 from Changhong Sanjie with a cash increase of RMB150 million. Changhong Sanjie's 51% stake after the capital increase.

Changhong Sanjie was established in 2014, mainly engaged in research and development of power lithium batteries and accessories, manufacturing< /u>, sales business.In 2015-2016 and 2017-January 2017, Changhong Sanjie achieved operating income of 4.12 million yuan, 120 million yuan and 110 million yuan respectively, and realized net profit of -4.29 million yuan, 10.83 million yuan and 8.96 million yuan respectively. .

According to the contents of the Investment Agreement, Changhong Sanjie’s net profit on gambling from 2018 to 2020 is not less than 32 million yuan, 38.4 million yuan, 4608 respectively. Ten thousand yuan, if the net profit of gambling cannot be realized, the relevant shareholders will fulfill the compensation obligation.

After adding the lithium battery business, Changhong Energy’s revenue net profit development has been positive.

Changhong Energy said that operating profit for the reporting period increased by 39.70% year-on-year, and net profit increased by 43.53% year-on-year, mainly due to the inclusion of subsidiary Changhong Sanjie Financial Report. The consolidated statement (the merger date is April 01, 2018) has a new operating profit of 37.35 million yuan.The net profit was caused by 32.52 million yuan.

This means that Changhong Sanjie successfully completed the first year of performance gambling, and laid the foundation for its gambling in the next two years, becoming Changhong Energy's new Profit growth.

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