HEV batteries to form a new profit growth point
Company sales revenue in the third quarter, net profit of 480,000,000 yuan, 28,552,300 yuan, respectively, year-on-year growth of 122.25 percent, 199.94 percent; the first three quarters of its sales revenue, net profit was 1,156,000,000 yuan, 54,115,800 yuan, respectively, year-on-year Growth of 74.40 percent, 193.19 percent. Revenue and profit is mainly due to the substantial increase in 2008 for an additional laptop battery business orientation. Company to maintain “overweight” rating.
The company’s overall gross margin is relatively small change in the third quarter gross margin to 11.66 percent, Central than 0.62 percentage point increase; in the first three quarters of single-quarter gross margin of 13.93 percent, 11.04 percent, 11.66 percent, the overall gross margin to 11.92 percent. Company in the third quarter of the cost of the three rate than the ring are declining, the overall decline 1.01 percent.
Founded in Hunan Branch Pa Motor Co., Ltd. sony PCGA-BP2NY battery power is aimed at cooperation in the production of hybrid electric vehicles use nickel-hydrogen batteries and automotive engineering energy package, which will increase the company’s new profit growth point. The first phase of the production line is designed to be a capacity of 1,500 units per month, with an annual output of 18,000 electric car the size of the product gross margin of not less than 40%. A conservative estimate product price around 40,000 yuan and is expected to achieve an annual sales income of 7-8 billion to achieve gross profit of around 2.8-3.2 billion.
The development and application of energy-saving, environmental protection and new sources of power as the world’s automotive development is an inevitable trend, HEV traditional vehicle fuel and electric vehicles combine the advantages of both improved fuel economy, reduced emissions and pollution, is expected to be quite a long time in the future The most feasible, most economical and most environmentally friendly cars.
