Consumer electronics lithium battery-related products accounted for approximately 90% of Desay's battery revenue.
On August 17, Desay Battery (000049) released the 2020 semi-annual report. The company achieved revenue of 7.574 billion yuan in the first half of the year, a year-on-year increase of 3.35%; net profit attributable to shareholders of listed companies was 174 million yuan. A year-on-year increase of 2.02%.
Battery.com has noticed that Desai’s battery products are mainly used in consumer electronic products represented by smart phones. The company’s operating income comes from consumer electronic lithium battery-related products. Revenue accounts for about 90%.
Specifically, in the first half of the year, Desay Battery’s battery and accessories business revenue was 7.542 billion yuan, accounting for 99.57% of revenue, an increase of 3.11% year-on-year; materials And other business revenue was 32.2 million yuan, accounting for 0.43% of revenue, a year-on-year increase of 131.49%.
According to the data, Desay Battery is a holding company, and its business layout mainly focuses on the lithium battery industry chain. Among them, Huizhou Battery is mainly engaged in small and medium-sized lithium battery packaging and integration business. Operating income was 6.682 billion yuan and net profit was 139 million yuan; Huizhou Blue Micro was mainly engaged in the business of small and medium-sized lithium battery power management systems. In the first half of the year, operating income was 1.857 billion yuan and net profit was 83.88 million yuan; Huizhou Xinyuan’s main business was large-scale power batteries, Energy battery and other power management systems and packaging integration business.
On May 5, Desay Battery issued an announcement stating that the company intends to acquire two subsidiaries Huizhou Desay Battery Co., Ltd. and Huizhou Lanwei in cash in the near future. The minority shareholders' equity of Electronics Co., Ltd. means the cash acquisition of 25% of the above two subsidiaries held by Xinjiang Shangyang Equity Investment Co., Ltd.
Desai Battery stated that after the completion of this transaction, the company will hold 100% of the above two subsidiaries, which will help enhance the company’s comprehensive competitiveness and profitability. ability.
CICC believes that in the case of a 30.4% decline in performance in the first quarter of 2020, Desay Battery's net profit in the second quarter improved significantly, mainly due to: Apple in the second quarter The iPhone performed well. Both the iPhone 11 and the SE have increased orders. Desay is one of the major battery suppliers for the above models. The sales of notebook computers such as Apple and Huawei have bucked the trend and contributed to the obvious growth of the notebook computer battery business.
