On February 27, Farasis Energy (Gan Zhou) Co.Ltd(688567) released the performance express of 2021. During the reporting period, the company achieved a revenue of 3.403 billion, an increase of 203.97% over the same period of last year; Affected by many factors such as rising costs and falling product prices, the company’s net profit is still in a state of loss.
Farasis Energy (Gan Zhou) Co.Ltd(688567) said that the substantial increase in revenue was mainly due to the accumulation in the early stage. In 2021, the projects with several customer vehicle manufacturers entered the stage of mass production, especially the high-end new energy vehicle models. Among them, the company supplies the power batteries of Daimler EQs, EQA, EQB and other models. Meanwhile, the purchase volume of Guangzhou Automobile Group Co.Ltd(601238) also increased significantly. Signed a long-term cooperation agreement with vehicle enterprises and began mass supply, laying a solid foundation for realizing leapfrog development in Farasis Energy (Gan Zhou) Co.Ltd(688567) 2022.
Farasis Energy (Gan Zhou) Co.Ltd(688567) high end capacity is expected to be further released in 2022. Earlier, the company said in an investor survey that the 8g capacity ramp up of Zhenjiang phase I was basically over, and the capacity ramp up of Zhenjiang phase II is in progress. Excluding the time of machine commissioning and shutdown maintenance, the effective capacity of automobile power battery is expected to be about 13gwh in 2022. In addition, the Wuhu project of 12gwh in each of the two phases is accelerating. The foundation of phase I project was laid at the end of last year, and the fixed increase for the construction of phase II project was also approved by the exchange recently, which means that Farasis Energy (Gan Zhou) Co.Ltd(688567) has entered the “virtuous circle” stage of capacity expansion and release.
As the leader of China’s soft pack power battery, technology first is one of the core driving forces of Farasis Energy (Gan Zhou) Co.Ltd(688567) . In recent years, the company has continuously deepened the technical breakthrough in key fields such as raw materials, cells, modules, battery management system, battery pack system, production process and automatic production equipment, successively conquered 330wh / kg semi-solid battery and 800vtc overcharge and overpressure technology, and won awards from American uscar and other authoritative institutions at home and abroad. Relying on its leading and solid technical strength and strong technical reserves, Farasis Energy (Gan Zhou) Co.Ltd(688567) won a large number of customers in 2021, and successively reached strategic cooperation with Guangzhou Automobile Group Co.Ltd(601238) , Geely Automobile, Dongfeng Automobile Co.Ltd(600006) , etc. At the same time, the long-term strategic cooperation between Funeng and Daimler is also “bearing fruit”.
Recently, Mercedes Benz officially announced that the new Mercedes AMG EQE officially ushered in the global launch. As the second mass-produced pure electric vehicle of Mercedes AMG, it is equipped with Farasis Energy (Gan Zhou) Co.Ltd(688567) ‘s soft pack battery products. It is reported that EQE SUV models with more space will also be released in the middle and later stage of 2022, and the intensive listing of new cars will further drive Farasis Energy (Gan Zhou) Co.Ltd(688567) ‘s shipment.
Statistics show that in January this year, Farasis Energy (Gan Zhou) Co.Ltd(688567) ranked seventh in the loading volume of China Shipbuilding Industry Group Power Co.Ltd(600482) battery enterprises and third in the loading volume of ternary power battery enterprises in China, with an obvious growth trend compared with last year. According to the announcement, the orders on hand in Farasis Energy (Gan Zhou) Co.Ltd(688567) 2022 have reached 14.81gwh
