NARADA(SZ:300068)2023-08-10 12:16Group 1: Company Overview and Market Position - Zhejiang Nandu Power Supply Co., Ltd. focuses on energy storage applications, providing lithium-ion and lead-acid battery-based products and solutions [2] - The company has completed the integration of its industrial chain, covering raw material recycling to system integration, and has undertaken several hundred energy storage projects [2] - Nandu Power ranks second in global market base station/data center battery shipments and sixth in global energy storage system shipments for 2022 [3] Group 2: Financial Performance - In the first half of 2023, the company achieved revenue of 7.895 billion CNY, a year-on-year increase of 40.11% [3] - The net profit attributable to shareholders was 285 million CNY, with a staggering growth of 594.44% year-on-year [3] - Revenue from power storage reached 2.419 billion CNY, up 494.75% year-on-year, with a gross margin of 19.24% [3] Group 3: Competitive Advantages - The company has a strong order volume, with over 6 GWh of contracts signed in the first half of 2023, contributing significantly to profit [3] - Nandu Power has established over 10 branches globally, with sales channels in more than 150 countries, enhancing its local service capabilities [4] - The company has accumulated extensive experience in energy storage projects, having undertaken over 50 benchmark projects [4] Group 4: Production Capacity and Supply Chain - In the first half of 2023, the company completed 3 GWh of lithium battery cell and system integration capacity construction [5] - The annual production capacity for energy storage lithium battery cells is currently 10 GWh, with an additional 4 GWh of capacity under construction [5] - The company has a recycling capacity of 70,000 tons of used lithium-ion batteries annually and is developing a project for comprehensive utilization of 150,000 tons of lithium batteries [5] Group 5: Market Strategy and Future Outlook - The global energy storage market is expected to continue growing, with strong demand anticipated [3] - The company is enhancing its service centers in key overseas markets, including Europe, North America, Japan, and South Korea [3] - Nandu Power is committed to maintaining a competitive edge through technological innovation and cost control across its entire supply chain [4][5]