GOTION(SZ:002074)2022-12-03 09:18Company Overview - Guoxuan High-Tech was established in 2006 and went public in 2015, with a total share capital of 1.136 billion RMB and over 6,000 employees [2] - The company specializes in the research, production, and operation of new lithium-ion batteries and their materials, with major products including lithium iron phosphate materials and cells, ternary materials and cells, power battery packs, battery management systems, and energy storage battery packs [3] Financial Performance - As of June 30, 2018, the total assets of the company were 1,898.367 million RMB, and net assets were 859.344 million RMB [3] - In the first half of 2018, the company achieved operating revenue of 2.607 billion RMB, a year-on-year increase of 8.76%, and a net profit attributable to shareholders of 466 million RMB, up 4.57% year-on-year [4] - The estimated net profit for the period from January to September 2018 is expected to range from 641 million to 700 million RMB, representing a growth of 0.21% to 9.43% compared to the same period last year [4] Production Capacity - The company has achieved self-supply of positive materials, with ternary 622 positive materials having a production capacity of 3,000 tons per year, expected to reach 6,000 tons by the end of 2018 [4] - The production capacity for lithium iron phosphate positive materials is currently 13,000 tons per year [4] Share Buyback - As of August 31, 2018, the company had repurchased 7,424,144 shares, accounting for 0.6532% of the total share capital, with a total expenditure of approximately 99.85 million RMB [5] Strategic Partnerships - Guoxuan High-Tech maintains a close strategic partnership with BAIC New Energy, having transferred 120 million shares to Fengxing Shares, retaining 17,352,040 shares post-transaction [5] Product Development Strategy - The company focuses on developing lithium iron phosphate batteries while also advancing ternary battery production, with plans to enhance the energy density of lithium iron phosphate cells to nearly 200 Wh/kg by 2019 [6] - The company has upgraded its production lines to ternary 622 and has established a new 4GWh ternary production line, achieving energy densities of over 210 Wh/kg for cells and over 140 Wh/kg for system packs [6]