Since this year, the new energy vehicle market has entered a period of rapid growth. With the continuous improvement of the penetration rate of new energy vehicles, the reference role of product quality and intelligent attributes in consumers' purchase of vehicles is becoming more and more significant.
As one of the enterprises that laid out new energy vehicles earlier, Baic Bluepark New Energy Technology Co.Ltd(600733) (600733, SH) is rising in a new round of electric vehicle development wave. On December 8, Baic Bluepark New Energy Technology Co.Ltd(600733) released the production and marketing express of BAIC new energy in November. According to the data, BAIC new energy sold 2471 vehicles in November 2021, a year-on-year increase of 40.88%. From January to November, the cumulative sales volume of BAIC new energy was about 21900 vehicles.
On the one hand, Baic Bluepark New Energy Technology Co.Ltd(600733) cooperates with Huawei and other technology enterprises to accelerate the layout of the high-end market, and the corporate business is gradually restored. On the other hand, after a series of reforms such as structural adjustment, Baic Bluepark New Energy Technology Co.Ltd(600733) loaded lightly and accelerated the pace of progress. According to the financial report previously released by Baic Bluepark New Energy Technology Co.Ltd(600733) , in the third quarter of this year, Baic Bluepark New Energy Technology Co.Ltd(600733) achieved a revenue of 3.66 billion yuan, a year-on-year increase of 352.19%; The net profit attributable to shareholders of listed companies was -830 million yuan, with a year-on-year loss narrowed.
financial indicators continue to improve
As an early enterprise in the Chinese market to transform to new energy, more than 540000 pure electric vehicles have been sold in Baic Bluepark New Energy Technology Co.Ltd(600733) over the past 11 years.
However, Baic Bluepark New Energy Technology Co.Ltd(600733) also faces new challenges with the expansion of the market from b-end users to C-end users. In order to better meet the market demand, Baic Bluepark New Energy Technology Co.Ltd(600733) opened a new round of adjustment. In terms of organizational structure, it has changed from an administrative organization to a business organization. At the same time, it allocates resources according to the business chain and focuses on the "new four modernizations" technical fields such as intelligence and networking. In terms of business structure, Baic Bluepark New Energy Technology Co.Ltd(600733) makes every effort to build a high-end new energy vehicle brand arcfox, makes efforts in the medium and high-end market, and focuses its resources on R & D.
At present, a series of transformation actions have achieved initial results. According to the previously released third quarter report, Baic Bluepark New Energy Technology Co.Ltd(600733) third quarter revenue increased significantly, the loss narrowed continuously, and the gross profit margin rose to within - 1%, reaching the best level in nearly five quarters.
Baic Bluepark New Energy Technology Co.Ltd(600733) said that in the third quarter, the company's cash flow from operating activities improved significantly, which was mainly due to the improvement of operating conditions, the year-on-year increase in vehicle payments received in the current period, the year-on-year decrease in payment due for goods and other comprehensive factors. At the end of the first half of this year, the cash flow from operating activities changed from negative to positive, to 975 million yuan, and reached 3.05 billion yuan by the end of the third quarter. The trend of good operation is becoming more and more obvious.
According to the analysis of Tianfeng Securities Co.Ltd(601162) Research Report, Baic Bluepark New Energy Technology Co.Ltd(600733) is one of the pioneers of China's Shanxi Guoxin Energy Corporation Limited(600617) automobile industry. In recent years, it has cooperated with many advantageous enterprises in the fields of "three electricity system" and automobile intelligence, and its automobile manufacturing strength has been continuously enhanced. It is estimated that the company's revenue from 2021 to 2023 will be 7.39 billion yuan, 19.56 billion yuan and 65 billion yuan respectively. Due to the company's large R & D investment and the climbing period of sales volume, there are many related expenses. It is estimated that the net profit attributable to the parent company from 2021 to 2023 will be - 3.47 billion yuan, - 2.12 billion yuan and 90 million yuan respectively.
core technology reserve has obvious advantages
Since this year, the new energy vehicle segment has become a bright color under the background of "lack of core" in the auto market. According to the data of China Automobile Association, the cumulative sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles from January to November were 2.99 million, a year-on-year increase of 1.7 times, and the penetration rate increased to 12.7%, more than double that of 2020.
Some analysts believe that the gradual increase in penetration means that more consumers begin to accept new energy models. At this time, the core technology of "three electricity" (battery, electric drive and electronic control) and technology in the field of intelligent interconnection may become an important reference element for consumers to make car purchase decisions.
This is exactly the advantage of Baic Bluepark New Energy Technology Co.Ltd(600733) . In terms of battery technology, Baic Bluepark New Energy Technology Co.Ltd(600733) cooperated with Contemporary Amperex Technology Co.Limited(300750) to establish an 1800 volt laboratory, took the lead in mass production of module free batteries, built 1.2 million km ultra long life cycle batteries, and jointly developed solid-state battery technology and 1000 km ultra long life technology.
In terms of electric drive technology, Baic Bluepark New Energy Technology Co.Ltd(600733) independently developed high-performance integrated intelligent electric drive system has overcome the mechanical, electromagnetic, thermal, EMC and NVH integration design problems faced by the complex integration of multiple high-voltage, high-current, high-speed and high torque modules.
In terms of electronic control technology, Baic Bluepark New Energy Technology Co.Ltd(600733) products have been equipped with the third generation super electronic control system with completely independent intellectual property rights, which has the characteristics of high safety, high integration, high performance and intelligence.
At the same time, Baic Bluepark New Energy Technology Co.Ltd(600733) also carries out extensive cooperation with science and technology enterprises. In September this year, Baic Bluepark New Energy Technology Co.Ltd(600733) announced that BAIC new energy signed a comprehensive business deepening cooperation agreement with Huawei. The two sides will improve the cooperation management mechanism, strengthen product R & D cooperation, implement joint brand marketing, jointly build "arcfox" and "Hi" joint brands, and realize the sales of all cooperative products of the two joint brands in Huawei's online and offline channels, It is planned to realize the Wuxi Online Offline Communication Information Technology Co.Ltd(300959) channel sales cooperation of Jihu alpha s hi version by the end of this year.
Not only that, in June this year, Jihu also joined hands with Baidu to jointly launch a new generation of mass production and shared unmanned car Apollo moon. It is reported that Apollo moon is based on extreme fox alpha T and equipped with Baidu's latest generation of shared unmanned vehicle technology.
It is worth mentioning that the first high-level self driving mass production vehicle built by Jihu and Huawei - Jihu alpha s Huawei hi version will be delivered in small batches. At that time, the new model may show Baic Bluepark New Energy Technology Co.Ltd(600733) its comparative advantages in core technology and scientific and technological attributes.
(Daily Economic News)
