被苹果选中的电池公司赴港IPO，动力电池出货量进入全球前十
3 6 Ke·2025-08-01 01:12

Core Viewpoint - XINWANDA is expanding its business from consumer batteries to power batteries and energy storage systems, showing significant growth in revenue and market position despite challenges in the consumer electronics sector [2][12][34]. Financial Performance - In 2024, XINWANDA achieved total revenue of 56.021 billion RMB, an increase of over 8 billion RMB compared to the previous year, with a net profit growth of nearly 400 million RMB [2][7]. - The company experienced a net profit margin of less than 1% in 2024, indicating challenges in profitability despite revenue growth [2]. - The revenue from consumer batteries has decreased from 61.4% in 2022 to 54.3% in 2024, reflecting a shift in business focus [12][14]. Business Segments - Consumer batteries remain the largest revenue source, but their market share is declining due to weak demand in the consumer electronics industry [2][12]. - Power battery shipments doubled in 2024, reaching 25.29 GWh, placing XINWANDA among the top ten global power battery manufacturers [2][17]. - The revenue from power batteries increased by 4.3 billion RMB in 2024, driven by a 125.9% year-on-year growth in shipments [17][19]. Market Position - XINWANDA holds a leading position in the global smartphone battery market with a market share of 34.3% and is the second-largest manufacturer of notebook and tablet batteries with a 21.6% market share [14][16]. - The company has established partnerships with major automotive clients, including Li Auto, XPeng, and Renault, enhancing its position in the power battery sector [2][19]. Research and Development - XINWANDA has invested significantly in R&D, with expenditures of 2.742 billion RMB in 2022, 2.711 billion RMB in 2023, and 3.330 billion RMB in 2024 [9][11]. - The company employs approximately 9,722 R&D personnel, accounting for 16.3% of its total workforce [31][32]. Strategic Goals - The upcoming IPO aims to enhance XINWANDA's international brand image, core competitiveness, and operational management [33]. - The company is focused on balancing scale expansion with profitability to strengthen its position in the global new energy market [34].