Securities code: Shenzhen Kedali Industry Co.Ltd(002850) securities abbreviation: Shenzhen Kedali Industry Co.Ltd(002850) Shenzhen Kedali Industry Co.Ltd(002850) investor relations activity record
No.: 2022002
□ specific object research □ analyst meeting
□ media interview □ performance briefing
Investor relations activities
□ press conference □ Roadshow
Dynamic category
□ site visit
√ others (teleconference)
Soochow Securities Co.Ltd(601555) , Changjiang Securities Company Limited(000783) , Tianfeng Securities Co.Ltd(601162) , Nong Yin Hui, southern fund, China Europe Ruibo, Dao Yi assets, 3Wfund, Qianhai open source fund, investment fund, huitianfu fund, Yi Fangda fund, Gin Schroder, CITIC information management, red earth innovation fund, Ping An fund, far participation unit name hope investment, Yinhua Fund, Taikang asset, Hua Runyuan great fund, Huaxia Fund, Juming investment, Taiping assets, GF fund, Greenlane Puyu capital, CICC fund, Northeast Securities, Nanhua fund, Wanshan capital, Zhongke fertile soil fund, Dacheng Fund, Western securities and other 395 institutional and individual investors attended the teleconference.
Time: the evening of March 30 and March 31, 2022
Place: company conference room
Reception of listed companies
Name: Mr. Li Jianju, general manager, Mr. Shi Huifeng, chief financial officer and Ms. Luo Lijiao, Secretary of the board of directors
1、 Introduction to 2021:
The company disclosed its annual report for 2021 on March 31, 2022. During the reporting period, the company realized an operating revenue of 44675804 million yuan from January to December 2021, an increase of 125.06% over the same period last year; The net profit attributable to the shareholders of the listed company was 541611700 yuan, with a year-on-year increase of 203.19%; The total assets were 73264856 million yuan, an increase of 33.89% over the end of the previous year; The net assets attributable to the shareholders of the listed company were 45549736 million yuan, an increase of 14.19% over the end of the previous year and earnings per share of 2.33 yuan.
2、 Q & a session:
Q: The profit level of the company in the fourth quarter decreased compared with previous quarters. What is the reason? A: Mainly because the company classifies transportation expenses into operating cost accounting according to the requirements of the new income standard, there is no great change on the whole. Q: What is the progress of the company’s European production base? A: The phase I project of the company’s production bases in Europe, Germany, Sweden and Hungary is being promoted as planned and is expected to start production this year. Q: How about the production capacity of the company’s production base in China? A: The company has set up 10 production bases for precision structural parts of power batteries in key areas of lithium battery industry such as East China, South China, central China, northeast, southwest and Northwest China. Up to now, all production bases of the company have reached production capacity, including phase I and II of Huizhou production base, phase I of Jiangsu production base and the original production bases in Shenzhen, Shanghai and Xi’an; Those that have been put into operation but not all of them have reached the production capacity, including Dalian Power Battery precision structural parts project; The projects that have been gradually put into operation are Fujian power battery precision structural parts phase I project and Sichuan Yibin new energy power lithium battery precision structural parts project; The projects under construction include Huizhou power lithium battery precision structure new project and Huizhou power lithium battery precision structure phase III project; The projects under preparation include the lithium battery precision structural parts industry headquarters and R & D base project, Hubei Jingmen new energy power battery precision structural parts project, Jiangxi Nanchang new energy vehicle power battery and other precision structural parts phase I projects; According to the plan, it is expected that all production bases outside China will reach an output value of nearly 20 billion after they are completed. Q: What is the company’s strategy for purchasing raw materials? What is the pricing model of the company’s products? A: Since its establishment, the company has always maintained a consistent procurement strategy, that is, according to the customer’s order demand, purchase raw materials according to the normal law of the market, and then conduct corresponding commercial transactions. The pricing mode of the company’s products is basically cost + profit, and the relatively reasonable product price will be determined according to the actual technical requirements and order requirements of customers; In addition, under the current situation of continuous price increase of raw materials, the company will negotiate with customers according to the actual situation and make a reasonable adjustment to the price of some products. Q: How does the company feel about the overall supply and demand of the whole structural parts this year? A: Guided by the needs of customers and the market, the company has developed new products through continuous technological research and development to provide customers with high-quality, high-performance and high value-added power battery precision structural parts and create more value. At present, the structure of the whole industry is basically stable. Q: What customers does the company have in 4680 battery? Are there corresponding capacity preparations? A: The company has the technology accumulation of this model and the ability to produce precision structural parts of cylindrical batteries. However, due to the strict confidentiality agreement signed between the company and customers, it is not convenient to disclose it for the time being. Q: What are the core barriers of the company’s 4680 cylindrical batteries compared with 2170 cylindrical batteries? A: Compared with 2170 cylindrical battery, the large cylindrical 4680 battery has higher battery capacity and output power. Therefore, it has stricter requirements for safety and current output devices, requires more parts, has more complex product structure and greater difficulty, has higher requirements for manufacturing process, and has different requirements for production equipment. Overall, the technical barrier of large cylindrical 4680 battery is higher than that of 2170 cylindrical battery. Q: Is the structure of 4680 battery aluminum shell technology or steel shell technology? A: At present, the large cylindrical 4680 battery structure suitable for new energy vehicles adopts steel shell technology. Q: How does the rise in raw material prices affect the company’s profits? A: The continuous rise of raw material prices has increased the market cost pressure. While doing a good job in precision structural parts, the company continues to control costs through measures such as reducing product costs, continuous technological innovation and improving management efficiency, so as to ensure the profit margin of the company’s products. Q: What are the company’s prospects and goals for China’s market share in the future? Will the market share of the company be increased through appropriate price reduction and other methods? A: At present, the company’s production capacity is still relatively tight. While doing a good job in customer service, the company tries to achieve the highest and best cost performance of the company’s products, which is also the goal for which the company has been working.
Q: Historically, there are good and bad ways for China’s manufacturing industry to go abroad. How does the company ensure the cost and realize the gross profit margin at the same time? A: In fact, it is a very difficult choice for China’s manufacturing industry to go abroad. It is very different from China in terms of raw materials, labor cost, regional culture, legal system and so on. As early as 2007, the company has communicated with new energy vehicle manufacturers and lithium battery manufacturers and carried out R & D, explored into the field of power and energy storage lithium battery structural parts, accumulated rich product and technical experience, reached a consensus with customers and went to invest and build factories locally on the premise of making relevant communication preparations with customers.
On the premise of doing a good job in risk prevention and control, the company established overseas wholly-owned subsidiaries and produced them locally. While reducing costs, the company ensured the production of products and realized the steady growth of the company’s gross profit margin. Q: In the company’s production equipment, can the production equipment of cylindrical battery structure parts and square battery structure parts be universal? A: The production equipment of cylindrical battery structure and square structure cannot be used in general. Q: What are the leading technological advantages of the company compared with its competitors? What are the more important R & D projects disclosed in the annual report? A: As early as 2007, the company has carried out research and development with new energy vehicle manufacturers and power battery manufacturers, explored the field of power and energy storage lithium battery structural parts, accumulated rich product and technical experience, and has high-precision and high consistency production processes, as well as advanced punching, stretching, injection molding and mold manufacturing technologies. The company’s main products have independent intellectual property rights and master many core technologies, including safety explosion-proof, anti leakage, ultra long stretching, power-off protection, automatic assembly, intelligent pressure test and so on. At the same time, through joint research and development with excellent enterprises in the industry, we have obtained the technological first mover advantage in the industry and improved the strength of technological innovation.
The company has strong industry management experience and team advantages. The company’s main management team and technical personnel have served in relevant industries for many years. Most of the members of the core team have served in the company since the early establishment of the company, accumulated rich industry experience, and have unique advantages in product R & D, production management, quality control and market development. They can deeply understand customer demands and industry development trends, and well grasp the company’s emerging business and future development direction, Continuously explore and realize new business growth points.
At present, the R & D projects approved by the company are very important, and basically there will be some large-scale applications in the future. The company has basically maintained a leading market position in terms of technology under research or mature technology. Q: Does the company think the future barrier in the structural parts industry is more important in technology or scale? A: Both technology and scale are very important in the structural parts industry. We should develop in multiple dimensions in terms of scale, technology and quality. For more than 20 years, the company has been engaged in the industry of structural parts, constantly doing a good job in the equipment end, material end and process end, continuously giving full play to its leading R & D and manufacturing advantages, and striving to achieve the precision structural parts of power battery with the highest cost performance. While maintaining its core competitiveness, the company continues technological innovation to meet the needs of customers and steadily improve the competitiveness and market share of the company. Q: From this year’s situation, what is the company’s overall goal for the construction of the whole production capacity and the expansion of customers? A: In 2021, with the joint efforts of everyone, the company maintained a high-speed growth and achieved an operating revenue of 4.468 billion yuan, a year-on-year increase of 125.06%; The net profit was 540 million yuan, a year-on-year increase
An increase of 203.19%; Judging from the trend of this year, the company continues to maintain high-speed growth in capacity construction and customer expansion.
Q: What is the current production situation of the company in the first quarter?
A: The company is producing in an orderly manner according to the customer’s order requirements. At present, the company’s first quarter report of 2022 is to be disclosed on April 27. For specific business conditions, you can pay attention to the relevant regular reports disclosed later.
List of accessories (if any)
Date: April 2, 2022
