According to the records of investor relations activities disclosed after hours on February 7, up to now, the company has 14.8g orders on hand in 2022, and the effective capacity is expected to be about 13g in 2022. The company expects that the operating performance in 2022 will be greatly improved compared with that in 2021.
Farasis Energy (Gan Zhou) Co.Ltd(688567) said that the company’s revenue increased significantly in 2021, but the net profit performance was not ideal, resulting in many reasons for the unsatisfactory net profit, mainly including the impact of product price, the rise of raw material price, the greater impact of depreciation and amortization, the greater R & D expenses and other factors. In 2022, the company will focus on improving the sales price of products, supply chain management, capacity climbing management, economic operation management and other aspects, and will continue to vigorously tap internal potential. We should not only reduce product costs, but also reduce financial expenses, management expenses, sales expenses and other expenses, so as to reverse the poor performance of the company.
The company proposes that on the purchasing side, the company will continue to discuss and arrange work from the aspects of equity investment, strategic cooperation and business settlement, so as to hedge the negative impact of rising raw material prices. On the production side, the ramp up of the company’s Zhenjiang phase I project has basically ended, and the ramp up of Zhenjiang phase II project will be completed in the second quarter of 2022. Wuhu factory is also stepping up construction, laying the foundation for the company’s subsequent capacity construction. The company will continue to strengthen the management of lean production. In order to reduce the loss, the company will set up various special teams from each link of cell, module and pack. At the R & D end, the company developed and verified 330wh / kg power battery and 800V high-voltage platform in 2021, and established good R & D cooperation with universities and scientific research institutes. Farasis Energy (Gan Zhou) Co.Ltd(688567) revealed that the company has technical reserves in CTC, CTP and material system iteration. 800V high voltage products will be loaded in September 2022.
In response to the capacity issues concerned by institutions, Farasis Energy (Gan Zhou) Co.Ltd(688567) said that the company’s phase I capacity climb in Zhenjiang has been basically completed, and the phase II capacity in Zhenjiang is expected to reach the expected level in the third and fourth quarters of 2022. The design capacity of Ganzhou factory of the company is 5g, of which the capacity of automobile power battery is about 2G. Excluding the time of machine commissioning, shutdown and maintenance, the effective capacity is expected to be about 13g in 2022. By the end of 2023, Zhenjiang factory will be in full production. Therefore, Zhenjiang factory and Ganzhou factory are expected to have a total capacity of about 26G by the end of 2023. In addition, 12g, a joint venture plant between the company and Geely, will be put into operation in mid-2022. The production capacity of Wuhu plant is expected to be put into operation at the beginning of 2023.
The company judges that the output and shipment in 2022 are higher than that in 2021, and the scale effect will be higher. In 2022, the company has sufficient orders, with 14.8g. The production departments of the company’s Ganzhou factory and Zhenjiang factory did not rest during the Spring Festival. The impact of accelerated R & D and depreciation on the company’s net profit in 2022 will be reflected. Benefiting from the embodiment of scale effect, the bargaining power of the company’s raw material procurement will also be improved. As the company has sufficient orders in hand and the production capacity will be released in 2022, with the company’s financial cost reduction, technical cost reduction, management cost reduction and other measures, the operating performance in 2022 will be greatly improved compared with that in 2021.
