It is affected by customers and lithium iron phosphate market, and King Lithium Technology has become a face in the first half of the year.
On August 21st, Jin lithium technology (securities code: 833616) announced the 2018 half-year report show that as of June 30, 2018, the company achieved revenue of 41.579 million yuan, down 67.01% year-on-year; attributed to the net profit of the listing company It is -999.79 million yuan, a year-on-year decline in 333.68%. The net cash flow generated by operating activities is 1.97776 million yuan, an increase of 90.27% from the same period last year. The balance rate (merge) reached 44.77%.
Lithium Technology is mainly for lithium battery manufacturing industries, providing a variety of ferrite lithium phosphate, used as a positive material for power lithium batteries and large energy storage batteries.
According to the data, Jin lithium technology listed on September 25, 2015, the company's 2016, 2017, the first half of 2018, the business income is 5,954,500 yuan, 1260.32 million yuan, 41.579 million yuan, a year-on-year decline. Jinke Technology said that the main reason for the decline is that the main customers of the Watma Line-lithium technology, and the golden lithium technology has greatly dependent on it. Due to deterioration in Watma's financial situation, it is caused by golden lithium technology in the first half of 2018. Income decline.
Public data shows that 2015 and 2016 Waterma batteries have always been the first major customer of King Lithium Technology. The company's battery sales income accounted for more than 60% of the revenue of Watema, which is 39.76 million yuan and 86.17 million yuan. In 2017, King Lithium Technology has fallen to Watema batteries to 39.77 million yuan, but the part of the revenue accounted for 40.87%.
Customer concentration has always been the risk of Lithium Technology in 2015. If the main customers have changed its demand for corporate business due to changes in business conditions. This year, Watma's crisis has to say that it is a good news.
2015, the main customers of the golden technology
The main customer of the 2016 golden technology
2017 golden technical main customers
On April 23, Jin lithium technology was selected in the innovation layer, but the host brokerage expects it not in line with the innovation company to maintain standards. The broker said that the 2017 Jin lithium technology financial report issued an audit report with the non-reservations of major uncertainty paragraphs, which does not meet the "recent accounting annual audited time net assets are not negative". " The company maintains standards.
On August 21, the risk disclosure of brokers to King's technologies said that King Lithium Technology's operating income accounts for only 4.27% in 2017, 2017, 2018, in the first half of 2018, Watma's payment The company has accumulated that the bad debt is prepared for 520.218 million yuan. In the second half of the year, the risk of business income and operating results still have a risk of decline.
In addition to the impact of major customers, the new energy subsidy policy, the lithium iron phosphate market is sloppy, the impact of the lithium technology is not small, and the main phosphate lithium phosphate is replaced by other positive electrode materials. risk.
According to the data, the theoretical energy density of lithium iron phosphate battery is 170mAh / g, and the actual specific capacity is 140mAh / g, the ternary battery is much higher than this value, the new subsidy policy will subsidize the amount and the battery energy density hook, three yuan battery Because the energy density advantage has been favored by battery companies and the vehicle factory.
In the 311th energy models of the "Road Motor Vehicle Manufacturer and Product Announcement", in the Ministry of Industry and Information Technology, 190 of the lithium iron phosphate batteries accounted for 29.27%, while the 310nd batch of catalog is 52.49 %. It can be apparent that the market of lithium iron phosphate has been gradually invaded.
Announcement shows that during the reporting period, the company's marketing method is in direct sales materials, and the reporting period revenue is mainly due to Shenzhen Shanmu New Energy Technology Co., Ltd., Xingheng Power Co., Ltd., Shandong Yuhuangxin Energy Technology Co., Ltd. and other domestic large new energy battery manufacturing enterprises.
Since the lithium battery customers have improved the requirements of raw materials, Lithium-based technology has also begun to develop higher energy densities, higher compaction density, and serve the product production line supplied to major customers in December 2016. Technical transformation, the technical transformation has been completed on April 25, 2017. However, the flow fund is not in place, Waterma's financial deterioration, etc. In 2017, the production of lithium iron phosphate material has decreased over the year 2016; the production capacity utilization rate of King Lithium technology in the first half of 2018 is only 10%. , Read the full article, original title: [CCDE HOUM OV observation] H1 net profit is nearly 10 million yuan of lithium technology performance
Article Source: [Micro Signal: Weixin-GG-LB, WeChat public number: high work lithium battery] Welcome to add attention! Please indicate the source of the article.
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