Machinery manufacturing: lithium battery aftermarket equipment leader overweight industrial robot equipment
core view:
recently, the science and technology innovation board has been declared by enterprises. From the enterprises that have been declared at present, high-end equipment is an important direction of the science and technology innovation board. The series of special reports of "science and technology innovation" will focus on the analysis of the industry and enterprise competitiveness of the applicant enterprise. Li Yuanheng, the domestic leader in lithium battery aftermarket equipment, is analyzed this time
Li Yuanheng, the leader of lithium battery back-end equipment and with rapid growth, is mainly engaged in the R & D, production and sales of intelligent manufacturing equipment, providing high-end equipment and factory automation solutions for lithium batteries, auto parts, precision electronics, but security and other industries used in tensile testing machines. The company's products are divided by application fields, including lithium battery manufacturing equipment, auto parts, manufacturing equipment and other industry manufacturing equipment, which are an important symbol of the overall strength of a country. In 2018, the company's lithium battery equipment revenue was 604 million yuan, accounting for 88.6% of the total revenue. The company's products cover three links: lithium battery production 6. Cell assembly, battery detection and battery assembly produced by open data structure. Among them, the overall technology of "fully automatic assembly key technology and complete set of equipment for power battery core making process" and "lithium battery thermal cooling capacity key technology and complete set of equipment" independently developed by the company is at the international advanced level. Benefiting from the rapid development of lithium battery business, the company has achieved rapid growth in revenue and profit in recent years. In 2018, the company's operating income was 681million yuan, an increase of 69.2% year-on-year, 3.0 times that of 2016; In 2018, the net profit attributable to the parent company was 129 million yuan, an increase of 210.3% year-on-year, 10.2 times that of 2016
in the new era of the global automotive industry, the demand for lithium battery equipment is rising one after another. On the one hand, automotive electrification has become the trend of the development of the global automotive industry. Large automotive enterprises have increased the layout of electrification, especially the construction of lithium battery capacity, thus enhancing the capacity of the lithium battery equipment market. China's lithium battery equipment began to move from domestic to global. On the other hand, due to the restrictions on the proportion of foreign shares in our automobile industry, the cancellation and subsidy of microelectronics technology, computer technology, precision machinery technology, high sealing technology, special processing technology, integration technology, film technology, networking technology, nanotechnology, laser technology, superconducting technology, biotechnology and other high and new technologies have all been positively affected by the rapid development and decline. Global automobile enterprises have carried out the construction of vehicle and battery capacity in order to enter the Chinese market, In 2019, it has stronger power to expand production. Liyuanheng is a leader in lithium battery aftermarket equipment in China and is expected to benefit from this round of industrial expansion. In 2018, the company invested 78.39 million yuan in R & D, a year-on-year increase of 48.1%, accounting for 11.5% of the operating revenue in the same period. Through continuous R & D investment, the company's R & D accumulation and mastery maturity of key technologies continue to improve, which is reflected in the continuous evolution of products to products with higher production performance, thus promoting the continuous improvement of the company's profit margin. In 2018, the company's gross profit margin was 41.7%, an increase of 11.0 percentage points over 2016; In 2018, the company's net interest rate was 18.9%, 13.4% higher than that in 2016
risk tips:
investment changes in downstream lithium battery industry; Changes in national new energy vehicle industry policies; The risk of intensifying market competition; The risk of big customer dependence; Risk of raw material price fluctuation; The company is currently in the stage of listing and Application on the science and technology innovation board
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