Shulou(Shulou.com)11/24 Report--

CTOnews.com August 28 news, Xinwanda said in an agency conference call on August 26 that the company's electric vehicle battery shipments totaled 3.95Gwh in the first half of 2022, with revenue of 4.2 billion yuan, an increase of 631.92 percent over the same period last year.

According to reports, the main reason for the substantial growth of Xinwanda electric vehicle batteries in the first half of 2022 is that orders from major customers at home and abroad began to be delivered one after another in the first half of this year. In addition, with the gradual return of the price of upstream raw materials to rationality and the synergy brought by the company's previous layout of upstream raw materials, the cost of the company's electric vehicle battery business will be further optimized and its profitability will be gradually improved.

CTOnews.com learned that Xin Wanda pointed out that the company undertakes energy storage system solutions by project, such as the company's energy storage projects in cooperation with Southern Grid, State Grid, etc. At present, the company is increasing the promotion of household energy storage and other businesses. In terms of the layout of upstream raw materials, Xin Wanda said that the company has the right to explore salt lakes in Qinghai, but it is still in the prospecting stage and is still uncertain.

In terms of mobile digital business, Xinwanda said that customer demand at the company's head is steadily rising, while other major customers have adjusted their demand due to macroeconomic and geopolitical conflicts and the epidemic. In addition, affected by the rising prices of raw materials such as lithium cobalt, the cost of the company's purchased cells has also increased, and the gross profit margin has declined.

In the notebook business, despite the sluggish consumer electronics market environment, Xinwanda has a low share of the notebook battery market and still has much room for improvement, with revenue of 3.19 billion yuan during the reporting period, an increase of 45.86% over the same period last year.

Xin Wanda pointed out that in the future, with the introduction of new consumer electronic products by the company's head customers, the return of raw material prices to rationality and the further improvement of the company's consumer cell self-supply rate, the company's consumer batteries will usher in a new growth point. Cost pressure will be gradually improved, and the company's profitability will be further enhanced.

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