Desai battery loss is not related to lithium battery

Lithium battery concept rekindled the stock price of Desai Battery (000049.SZ), which only turned losses in the first half of the year, soared to a high of 33.85 yuan per share on September 3, compared with the stock price of 9.92 yuan in mid-February. It has increased by nearly 2.5 times. If compared to the low of 6.58 yuan at the end of 2008, it has increased by more than four times.

However, the problem is that Desai battery is still in the R&D investment period in terms of the power and energy storage type lithium polymer battery business with the most market imagination, and it does not bring much substantial revenue growth to the company.

On August 12, Desai Battery’s board of directors stated in its 2010 semi-annual report that the company’s equity company ENERGY ELECTRONICS’ BMS business (battery management system) achieved an increase of more than 300% in the number of vehicles, sales, and customers. And comprehensive competitiveness has been further strengthened. Desai Battery also emphasized that the company is striving to cooperate with Yineng’s board of directors in the second half of this year to carry out venture investment introduction and joint-stock reform of Yineng Electronics, laying a solid foundation for future development.

In the first half of this year, Desai’s battery revenue was 467 million yuan, an increase of 41% year-on-year, and a net profit of 22.17 million yuan. The net profit for the same period last year was a loss of 15.8 million yuan, and the net profit for last year was a loss of 35.64 million yuan. However, Desai battery did not specifically point out how much income from the electric car in the end, only that the power battery for electric tools and electric bicycles began mass sales.

“Electric bicycle battery technology has matured and its capacity and voltage are not the same level as those of automotive power batteries.” said Wang Jinliang, chairman of the China Battery Industry Technical Committee. The newspaper’s comprehensive analysis of Desai’s battery report found that Desai’s battery was able to successfully turn losses in the first half of the year. The underlying reason was that Desai’s battery entered the supply system of international companies such as Samsung Electronics, Nokia, and Sony last year and became a The main supplier of Apple iPhone power management protection board is basically irrelevant to the concept of externally ignited lithium batteries.