/ August 24, 2022 Guangzhou - After several years of layout, Changying Precision Industry's new energy business, including new energy vehicle structural parts, power battery structural parts, energy storage battery structural parts, hydrogen fuel cell bipolar plate products, has gradually developed into an important growth pole of the company's business. According to the financial statements over the years, the operating revenue contributed by Changying's new energy vehicle components business from 2018 to 2021 was 236 million yuan, 405 million yuan, 503 million yuan and 1.129 billion yuan respectively, which increased nearly four times in 3 years.
According to China Securities Electronic, Changying Precision's new energy business will still maintain strong growth. In 2022, the company's new energy business revenue contribution will exceed 2 billion yuan, double that of last year, and will continue to maintain high growth in the next three years.
Public information shows that the power battery of Changying Precision is positioned as "one-stop supplier of power battery grouping technology", forming a full series of product lines from cell structural parts, module structural parts to battery case structural parts, integrating new processes such as FDS and powder spraying, and initially completing the regional layout. Projects in Shenzhen, Ningde, Liyang, Yibin, Zigong and other places have entered mass production. New energy and consumer electronics business, the company's two-pillar strategic pattern has been preliminarily formed, and the construction of relevant infrastructure and production capacity is progressing according to plan. It is expected to ensure the implementation of the strategy in the next 2-3 years, give full play to the existing production capacity, and ensure the formation of a larger scale of revenue and profit.
From the perspective of the industry, the executive meeting of The State Council recently decided to extend the implementation of the new energy vehicle purchase tax exemption policy, which expires at the end of this year, until the end of next year, and it is estimated that an additional 100 billion yuan of tax exemption will be added. This is the third extension of the tax exemption policy for new energy vehicles, which means the national support for the new energy vehicle industry is still being maintained. As an important participant in the new energy automobile industry chain, Changying Precision is expected to continue to benefit in the future. According to the data released by the China Association of Automobile Manufacturers, in the past July, the production and sales of new energy vehicles in China completed 617,000 and 593,000, respectively, with year-on-year growth of 1.2 times. Looking across the entire January-July period, our country's production and sales of new energy vehicles complete 3.79 million and 3.194 million, respectively, also an increase of 1.2 times year-on-year. As of July this year, the market share of new energy vehicles reached 24.5 percent.
After several years of layout, the new energy business, including new energy vehicle structural parts, power battery structural parts, energy storage battery structural parts, hydrogen fuel cell bipolar plate products, has gradually developed into an important growth pole of the company's business. According to the financial statements over the years, the operating revenue contributed by Changying's new energy vehicle components business from 2018 to 2021 was 236 million yuan, 405 million yuan, 503 million yuan and 1.129 billion yuan respectively, which increased nearly four times in 3 years.According to China Securities Electronic, Changying Precision's new energy business will still maintain strong growth. In 2022, the company's new energy business revenue contribution will exceed 2 billion yuan, double that of last year, and will continue to maintain high growth in the next three years.
Public information shows that the power battery of Changying Precision is positioned as "one-stop supplier of power battery grouping technology", forming a full series of product lines from cell structural parts, module structural parts to battery case structural parts, integrating new processes such as FDS and powder spraying, and initially completing the regional layout. Projects in Shenzhen, Ningde, Liyang, Yibin, Zigong and other places have entered mass production. New energy and consumer electronics business, the company's two-pillar strategic pattern has been preliminarily formed, and the construction of relevant infrastructure and production capacity is progressing according to plan. It is expected to ensure the implementation of the strategy in the next 2-3 years, give full play to the existing production capacity, and ensure the formation of a larger scale of revenue and profit.
From the perspective of the industry, the executive meeting of The State Council recently decided to extend the implementation of the new energy vehicle purchase tax exemption policy, which expires at the end of this year, until the end of next year, and it is estimated that an additional 100 billion yuan of tax exemption will be added. This is the third extension of the tax exemption policy for new energy vehicles, which means the national support for the new energy vehicle industry is still being maintained. As an important participant in the new energy automobile industry chain, Changying Precision is expected to continue to benefit in the future.
< /p>According to the data released by the China Automobile Association, in the past July, the production and sales of new energy vehicles in China completed 617,000 and 593,000, respectively, with year-on-year growth of 1.2 times. Looking across the entire January-July period, our country's production and sales of new energy vehicles complete 3.79 million and 3.194 million, respectively, also an increase of 1.2 times year-on-year. As of July this year, the market share of new energy vehicles reached 24.5 percent.
