Desay Battery(SZ:000049)2022-12-05 05:52Group 1: Company Overview - Desay Battery Technology Co., Ltd. is a holding company with a 75% stake in Huizhou Lanwei and Huizhou Battery [2] - The actual controller holds a 45.23% stake, managed by the Huizhou State-owned Assets Supervision and Administration Commission [3] - The company focuses on the mobile power supply industry chain, leading in the small and medium-sized power management systems market [3] Group 2: Business Performance - Over 80% of revenue and profit come from the intelligent mobile phone battery business, with significant growth due to increased market share and improved internal management [4] - The company aims to expand its notebook battery business, which currently contributes a small percentage to total revenue [4] - In 2016, Huizhou Xinyuan, a subsidiary, reported losses exceeding 60 million, with hopes for mass shipments in 2017 to achieve breakeven [5] Group 3: Profitability and Market Strategy - The overall gross margin is expected to improve due to better internal management and a shift towards higher-margin products [5] - The company plans to strengthen cooperation with existing international clients and increase its market share in the domestic smartphone battery sector [6] - Future growth in traditional consumer electronics will focus on expanding the notebook battery packaging business, which has significant market potential [6]