调研速递|多氟多新材料接受天风证券等167家机构调研 电池业务规划与盈利要点披露

Group 1 - The company held an analyst meeting on September 7, 2023, with 167 institutions participating, discussing battery capacity planning, shipment volume, profit margins, and product structure [1] - The company expects to achieve over 20 GWh of production capacity by the end of this year and over 30 GWh by the end of 2026, with the power sector accounting for about 30% and energy storage business increasing to 50%-60% by 2026 [1] - Strong market demand in the second half of the year has led to a backlog of orders, with the battery business gross margin exceeding 10%, expected to improve as scale increases and expense ratios decrease [1] Group 2 - The company focuses on the large cylindrical battery market, which constitutes over 80% of its production capacity, while square battery capacity accounts for less than 10% [1] - The family portable energy storage market shows significant demand for cylindrical batteries, and the company plans to enhance lithium battery recycling and material recovery systems [1] - The power sector has seen a surge in orders since September, with stable growth in energy storage and significant potential in two/three-wheeler batteries, expected to see substantial growth next year [1]