Company code: Shanghai Putailai New Energy Technology Co.Ltd(603659) company abbreviation: Shanghai Putailai New Energy Technology Co.Ltd(603659) Announcement No.: 2022019 Shanghai Putailai New Energy Technology Co.Ltd(603659)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report.
The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2. All directors of the company attended the board meeting. 3 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 4. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
Annual profit distribution plan for 2021: take the total share capital on the date of equity distribution and equity registration as the base for profit distribution, and distribute a cash dividend of 5.04 yuan (including tax) to all shareholders for every 10 shares. Based on the total share capital of 694383539 shares as of December 31, 2021, it is planned to distribute a cash dividend of 34996930366 yuan (including tax). At the same time, it is proposed to increase 10 shares from the capital reserve for every 10 shares to all shareholders. Based on the total share capital of the company as of December 31, 2021, the total share capital of the company will be increased to 1388767078 shares after this increase (the total share capital of the company shall be subject to the final registration result of China Securities Depository and Clearing Co., Ltd. Shanghai Branch. If there is a tail difference, it is due to rounding).
If the total share capital of the company changes from the date of disclosure of the plan to the date of equity distribution and equity registration due to share repurchase, implementation of equity incentive, share repurchase and cancellation of equity incentive grant, share repurchase and cancellation of major asset restructuring, the company plans to maintain the distribution per share and the proportion of conversion to increase unchanged, and adjust the profit distribution and total amount of conversion to increase accordingly.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Shanghai Putailai New Energy Technology Co.Ltd(603659) not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Han Zhongwei, Zhang Xiaoquan
Office address: No. 116, Lane 456, dieqiao Road, Pudong New Area, Shanghai
Tel: (021) 61902930 (021) 61902930
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
1. Lithium ion battery industry
The company’s products are mainly lithium-ion battery key materials and automatic process equipment, which is the upstream of lithium-ion battery industry. Lithium-ion batteries can be divided into consumption, power and energy storage according to application scenarios:
(1) Consumer battery
At present, the consumer electronics market has gradually entered a mature period and maintained relatively stable growth as a whole. In terms of smart phones, according to the global smart phone shipment report in 2021 released by DIGITIMES, the global smart phone shipment in 2021 was about 1.32 billion, an increase of about 6.1% over the previous year, of which 5g mobile phones showed a significant growth trend, with about 530 million shipped in 2021, accounting for nearly half. The computer terminal also achieved year-on-year growth. IDC, an international data company, tracked that the PC shipment reached 388 million units in 2021, a year-on-year increase of 14.8%; In addition, according to trendforce Jibang Consulting survey, the demand for remote home office under the influence of the epidemic will continue. Benefiting from the trend of commercial computer replacement caused by the gradual “rework” of large consumer countries such as Europe and the United States, the shipment of notebook computers reached 240 million units in 2021, with an annual increase of 16.4%. In addition to the stable growth trend of traditional consumer electronics such as smart phones and computers, in recent years, lightweight and miniaturized emerging consumer electronics products such as wearing bracelets and TWS headphones have also become new growth points of demand. According to the statistics of Asahi big data, the global shipment of TWS headphones will reach 590 million pairs in 2021, with a growth rate of about 28%.
According to the judgment of Gaogong lithium battery, the growth rate of consumer battery demand in the next few years will achieve steady growth in the range of 5% – 10%. It is expected that the shipment volume of consumer lithium-ion battery in China will increase from about 42gwh in 2021 to 51.5gwh in 2023.
(2) Power battery
The carbon emission of transportation is one of the key areas that need to be paid attention to in the process of implementing the “double carbon economy”. In November 2021, the State Council issued the action plan for carbon peak before 2030, which proposed that “by 2030, the proportion of new energy and clean energy powered vehicles will reach about 40% in that year”. With the strong support of national policies, the consumption habits of China Shanxi Guoxin Energy Corporation Limited(600617) market have been gradually formed, and the concept and mode of green and low-carbon transportation have been deeply rooted in the hearts of the people. In 2021, with the year-on-year decline in the sales of fuel vehicles in China, new energy vehicles, as a substitute for fuel vehicles, achieved strong growth. According to the statistics of the passenger Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in the middle of 2021 was 2.9889 million, with a year-on-year growth rate of 169.1%, and the penetration rate increased rapidly to 14.84% from 5.76% in 2020. According to the research of lithium battery of Gaogong, the increase of sales volume of new energy vehicles represented by electric vehicles directly led to the year-on-year growth of China Shipbuilding Industry Group Power Co.Ltd(600482) battery shipment of 220gwh in 2021, of which the shipment of lithium iron phosphate power battery was 117gwh, with a year-on-year increase of 270%; The shipment volume of ternary power battery was 109gwh, with a year-on-year increase of 127%.
While the consumption habits of new energy vehicles are gradually formed, the technical support and infrastructure support in the field of new energy vehicles such as more diversified models, more lasting mileage and more abundant charging piles will be improved, which will promote the positive and circular growth of the new energy vehicle market. According to the prediction of Gaogong lithium battery, in 2022, the global and Chinese Shanxi Guoxin Energy Corporation Limited(600617) automobile production is expected to reach 8.5 million and 6 million respectively, and the demand for power batteries will exceed 650gwh and 450gwh respectively; Global power battery shipments will reach 1550gwh in 2025 and 3000gwh in 2030, with an average annual compound growth rate of nearly 35%. The development of new energy vehicles will remain on the track of rapid growth for a long time, bringing broad market space for sustainable development to the lithium-ion battery industry and upstream.
(3) Energy storage battery
Energy storage, as a key link of contemporary energy regulation, is becoming more and more important. According to the principle, it can be divided into electrochemical energy storage and mechanical energy storage. The former relies on energy storage batteries to realize the storage of electric energy and timely feedback to the power network. With the clear proposal of the strategic goal of “carbon peaking and carbon neutralization” of the national two sessions in 2021 and the implementation plan for the development of new energy storage in the 14th five year plan issued by the national development and Reform Commission and the National Energy Administration in March 2022, it can be predicted that the electrochemical energy storage market is gradually under the guidance of more standardized management, which will further realize the healthy and orderly development of the industry and usher in broader investment opportunities and growth space.
Driven by various policies, driven by the continuous improvement of industrialization and informatization level and the decrease of energy storage system cost year by year, the energy storage market is entering the stage of large-scale development. According to the statistics of Gaogong lithium battery, the total shipment of lithium battery energy storage in China reached 37 GWH in 2021, with a year-on-year increase of 110%. The four sectors of “electric energy storage”, “communication energy storage”, “portable energy storage” and “household energy storage” all increased significantly. While large-scale wind and solar energy storage power stations and communication base stations continue to maintain the market heat, the field of portable energy storage ushers in development opportunities. According to the data of high tech lithium battery, the global shipment scale of portable energy storage products in 2021 is 2.9 million, and the demand for lithium batteries is expected to be 1.45 GWH; By 2025, the global shipment of portable energy storage products is expected to reach 19 million units, and the corresponding demand for lithium batteries is expected to exceed 15 GWH.
In conclusion, driven by the dual carbon economy and green development, the development trend and speed of new energy and new power oriented by energy conservation and consumption reduction, clean and environmental protection are becoming stronger and stronger. As a representative of new energy for sustainable development, new energy batteries will accelerate their penetration in the existing fields of consumption, power and energy storage, and are expected to broaden new application scenarios such as cordless electric tools and continue to move forward to the “TWH” era. As a supplier of key materials and automation equipment for new energy batteries, the company will actively respond to policies and markets, strive to seize industry opportunities, base itself on the middle and upper reaches of the new energy battery industry chain, continue to provide high-quality products and services for downstream customers, and is committed to the development of green new energy industry.
The company has long focused on the field of key materials of new energy batteries and automation equipment. Based on the strategic goal of “double carbon”, the company provides professional supporting services for battery customers related to new energy vehicles, consumer electronics and energy storage. Its main business covers negative electrode materials and graphitization processing, diaphragm and coating processing, automation equipment, PVDF and binder, aluminum plastic packaging film and optical film, nano alumina and boehmite, etc. The company has built the management structure of the three business divisions of negative electrode materials and graphitization, membrane materials and coating, and automation equipment, deepened the resource sharing among business divisions, and the synergy of the industrial chain, established large-scale, integrated, stable and controllable manufacturing capacity of the industrial chain, and provided solutions for customers through a variety of business service modes, becoming a company with leading technology, excellent products A world-class comprehensive service provider with standardized management of key materials and process equipment of lithium-ion batteries.
1. Main business
The company’s main businesses include the R & D, production and sales of negative electrode materials and graphitization processing, diaphragm and coating processing, automation equipment, PVDF and binder, aluminum plastic packaging film and optical film, nano alumina and boehmite of new energy batteries.
Note: Dongguan Chaohong, Guangdonghectechnologyholdingco.Ltd(600673) fluororesin, Hainan Pujing and Lufeng investment are the holding subsidiaries of the company. Zhenxing carbon materials is the joint venture of the company, and Sichuan yindile is the joint venture of the company.
2. Business model
(1) Procurement mode
The raw materials required by the company’s production are obtained through most outsourcing and a small part of outsourcing processing, which shall be implemented by the procurement department of each business division according to their own business needs.
The company brings the supplier qualification, product performance, quality management, environment and safety into the evaluation system, selects qualified suppliers, and works closely with them to ensure the stable supply of raw materials in terms of quantity and quality. For standard raw materials and standard parts of equipment, the company will select the best according to the standardized procurement process and indicators; For non-standard parts customized by equipment, the company will inquire and purchase from qualified suppliers according to design drawings and specific indicators.
Outsourcing processing mainly includes the outsourcing processing of anode material crushing, graphitization and carbonization.
(2) Production mode
Negative electrode materials and graphitization, film materials and coating processing adopt the production mode of “organizing production according to orders, taking into account market forecast and appropriate inventory”; Lithium battery automation equipment carries out the selection and design of the overall scheme according to the targeted needs of customers, mechanically integrates the key self-made parts and non key externally purchased parts, and integrates with the software system independently developed by the company for complete machine delivery.
(3) Sales model
The company is in the middle and upper reaches of the new energy battery supply chain. Its products are mainly used in new energy batteries in the fields of new energy vehicles, consumer electronics, energy storage batteries and so on. The company mainly adopts the sales mode of direct connection between sales and marketing departments and downstream customers, and establishes long-term and in-depth cooperative relations with downstream customers through strategic cooperation and joint research and development. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 2145026261841448627542465 48.07813092446178
Attributable to listed companies
Net assets of shareholders of the company 1048670272706891416399806 17.64340941605327
Operating income 899589411131528067405878 70.36479852 Shenzhen Hopewind Electric Co.Ltd(603063)
Attributable to listed companies
Net profit of shareholders of the company 17487278191366763752589
