Lead Power(300530)2022-11-11 07:57Financial Performance - In the first half of 2022, the company achieved operating revenue of 165 million CNY, a year-on-year increase of 233.86% [3] - The sales revenue from the new energy battery business reached 118 million CNY, significantly boosted by enhanced production capacity [3] - The gross margin for the power battery system was -43.88%, an improvement from -50.77% at the end of the previous year [7] Business Development - The company has obtained 14 invention patents and 112 utility model patents, demonstrating its independent development and testing capabilities in materials, cells, modules, and PACK [3] - Strategic cooperation agreements have been signed with companies like Dongfang Xuneng, targeting a total capacity of 15 GWh for energy storage projects over five years [5] - The company has established a new energy battery production base in Hengyang, with a planned total capacity of 15 GWh [6] Market Position and Customer Base - The company has secured orders from major clients such as SAIC-GM-Wuling and BAIC, indicating growing market recognition in the passenger vehicle and engineering machinery sectors [3] - As of June 30, 2022, the company has collaborated with several vehicle manufacturers, including Henan Yujie and Jiangsu Jimai, to prepare for capacity utilization [5] Future Outlook - The company aims to achieve rapid growth in sales revenue for the new energy battery business throughout 2022, with all production capacity already locked in by customers [8] - Future product offerings will focus on A00 class vehicles in the short term, with plans to expand to A0/A/B class vehicles [5] - The company is committed to enhancing its management and R&D teams to support ongoing development and market competitiveness [6] Strategic Planning - The company plans to issue shares to raise 760 million CNY to support its rapid growth in the capital-intensive new energy battery sector [8] - The strategic focus will remain on dual development of power and energy storage batteries, emphasizing technology enhancement, capacity construction, and cost reduction [7]