Leidi.com Lei Jianping July 26
Ningde Times New Energy Technology Co., Ltd. (stock code: 300750, stock abbreviation: Ningde Times) recently released its financial report. The financial report shows that Ningde Times' revenue in the first half of 2023 was 189.246 billion yuan, an increase of 67.52% from 112.971 billion yuan in the same period last year;
The government subsidy included in the first half of 2023 by Ningde era is 2.852 billion yuan.
The net profit of CATL in the first half of 2023 was 20.717 billion yuan, an increase of 153.64% from 8.168 billion yuan in the same period of the previous year; the net profit after deducting non-existing expenses was 17.55 billion yuan, an increase of 148.93% from 7.051 billion yuan in the same period of the previous year.
Kirin battery has achieved mass production and loading
CATL is mainly engaged in the R&D, production and sales of power batteries, energy storage batteries and battery recycling products.
CATL's power battery products include battery cells, modules/electric boxes and battery packs. The company can provide a variety of chemical system product series covering different energy density ranges, such as condensed matter batteries, ternary high-nickel batteries, ternary high-voltage medium-nickel batteries, M3P batteries, lithium iron phosphate batteries, and sodium-ion batteries, which can meet fast charging, Long life, long battery life, high safety, wide temperature adaptability and other functional requirements.
In the field of passenger vehicle applications, CATL's products can be applied to different market segments such as BEV, PHEV, and HEV, and are widely used in private cars, operating vehicles and other fields.
In the field of commercial applications, CATL products can be used in the fields of passenger vehicles and commercial vehicles such as road passenger transportation, urban distribution, heavy-duty transportation, road cleaning, construction machinery such as forklifts, loaders, and excavators, as well as electric bicycles, electric motorcycles, In addition, it can also be used in electric ships, electric aircraft and other fields.
In the first half of 2023, Ningde era invested 9.85 billion yuan in research and development expenses, a year-on-year increase of 70.77%. In terms of power batteries, the company's non-thermal diffusion technology battery products have been applied in batches; Kirin batteries have been mass-produced and loaded into vehicles, helping the launch of CLTC models with a battery life of more than 1,000Km under comprehensive working conditions; the release of new condensed matter batteries broadens the scope of high-safety and lightweight The core application scenario; announced the first launch platform of 4C Kirin battery and the first model of sodium ion battery, and promoted the industrialization of M3P.
In terms of energy storage batteries, the company’s EnerOne and EnerC products continue to be shipped in large quantities, and the upgraded product EnerOnePlus has improved energy density and charge-discharge efficiency compared with the previous generation product.
Hillhouse withdrew from the ranks of the top ten shareholders
As of June 30, 2023, Ningbo Meishan Bonded Port Area Ruiting Investment Co., Ltd. holds 23.32% of the shares, Huang Shilin holds 10.6% of the shares, and Hong Kong Securities Clearing Co., Ltd. holds 9.31% of the shares. Ningbo United Innovation New Energy Investment Management Partnership Enterprises (limited partnerships) hold 6.47% of the shares;
Shareholding structure of CATL as of June 30, 2023
Li Ping holds 4.58% of the shares, Hubei Changjiang Merchants Bank Power Investment Partnership (Limited Partnership) holds 1.19%, Tibet Hongshang Capital Investment Co., Ltd. holds 1.16%, and Hubei Changjiang Merchants Bank Power Investment Partnership (Limited Partnership) holds 1.19% of the shares. The shareholding is 1.13%, Honda Technological Industry (China) Investment Co., Ltd. holds 0.94%, and Ningbo Meishan Bonded Port Area Runtai Hongyu Investment Management Partnership (Limited Partnership) holds 0.89%.
As of March 31, 2023, Ningbo Meishan Bonded Port Area Ruiting Investment Co., Ltd. holds 23.32% of the shares, Huang Shilin holds 10.6% of the shares, and Hong Kong Securities Clearing Co., Ltd. holds 8.79%. Ningbo United Innovation New Energy Investment Management Partnership Enterprises (limited partnerships) hold 6.46% of the shares;
Shareholding structure of CATL as of March 31, 2023
Li Ping holds 4.58% of the shares, Ningbo Meishan Bonded Port Area Borui Ronghe Investment Partnership (Limited Partnership) holds 1.26% of the shares, Tibet Hongshang Capital Investment Co., Ltd. holds 1.16% of the shares, HHLR Management Co., Ltd. - China Value Fund (Exchange) (Hillhouse) holds 1.15% of the shares.
Hubei Changjiang Merchants Bank Power Investment Partnership (Limited Partnership) holds 1.14% of the shares, and Honda Technological Industry (China) Investment Co., Ltd. holds 0.94% of the shares.
As of December 31, 2022, Ningbo Meishan Bonded Port Area Ruiting Investment Co., Ltd. holds 23.32% of the shares, Huang Shilin holds 10.6% of the shares, and Hong Kong Securities Clearing Co., Ltd. holds 7.02%. Ningbo United Innovation New Energy Investment Management Partnership Enterprises (limited partnerships) hold 6.46% of the shares;
As of December 31, 2022, the shareholding structure of CATL
Li Ping holds 4.58% of the shares, Hubei Changjiang CMB Power Investment Partnership (Limited Partnership) holds 1.39% of the shares, HHLR Management Co., Ltd. - China Value Fund (Exchange) (Hillhouse) holds 1.36% of the shares, Ningbo Meishan Bonded Port Area Borui Ronghe Investment Partnership (Limited Partnership) holds 1.26% of the shares, Shenzhen Zhaoyin No. 3 Equity Investment Partnership (Limited Partnership) holds 1.26% of the shares, and Tibet Hongshang Capital Investment Co., Ltd. holds 1.07% of the shares.
By comparison, it can be found that after two consecutive quarters of reductions, Hillhouse has withdrawn from the ranks of the top ten shareholders of the Ningde era, and will reduce its holdings by at least 0.27 percentage points in the second quarter of 2023. Hong Kong Securities Clearing Company Limited continued to increase its holdings.
As of today's close, Ningde Times' share price was 226.66 yuan, with a market value of 996.464 billion yuan.
Since the current stock price of the Ningde era is not at a high point, based on the current stock price, Hillhouse will cash out at least 2.7 billion yuan in the second quarter of 2023. Hillhouse also cashed out in the first quarter, and it is conservatively estimated that the cashout exceeded 2 billion yuan, which means that Hillhouse cashed out more than 4 billion yuan in half a year.
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