Xinwangda: plans to invest 2.4 billion in the field of power batteries

Xinwangda Electronics Co., Ltd. (abbreviated as “Xinwangda”) was established on December 9, 1997. It is headquartered in Shenzhen, China. It was successfully listed on the GEM in April 2011. It is the first GEM battery. A listed company with integrated module development, manufacturing and sales.

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Xinwangda company's main products

The company's main products are divided into 3C lithium-ion battery modules, power lithium-ion battery modules, energy storage products. Among them, the 3C lithium-ion battery module business mainly includes mobile phone digital lithium-ion battery modules and notebook computer lithium-ion battery modules. In addition, the company and its subsidiaries have business development in the areas of batteries, BMS, automation, VR, automotive power batteries, production lines, precision plastics, laboratories, etc., in order to gradually improve the industrial chain and layout.

Xinwangda said that the power lithium-ion battery module is the key development area of ​​the company. The company started to deploy in 2011. Due to the development speed of the market, the company has been in the stage of technology precipitation.

On the evening of January 16, 2017, Xinwangda issued a plan to increase the number of non-public investors. The non-public offering of no more than 300 million shares will raise no more than 3.246 billion yuan for consumer lithium. "Battery module expansion project", "power lithium battery production line construction project" and "replenishment of working capital".

The plan shows that Xinwangda plans to invest 2.4 billion yuan in the construction of power lithium battery production line, and build a production line with an annual output of 6GWh of power lithium batteries (including 4GWh power lithium battery cells ). The project construction period is 2 years. It is estimated that the project will have an annual revenue of 9.7 billion and a net profit of 850 million.

Xinwangda believes that “consumer lithium battery module expansion project” and “power lithium battery production line construction project” are important measures for the company to improve its industrial layout and further consolidate its core competitiveness, and also to implement a new energy integration solution platform. The important steps of the service provider's development strategy are conducive to enhancing the company's ability to innovate in the development and accumulation, further enhancing the company's manufacturing capacity in the field of consumer batteries and power batteries, and seize the commanding heights of the industry's technological development. The supplement of working capital will also ease the pressure on the company's operating capital gap, enhance the company's further expansion of business scale and increase the stability of market development, and also provide assistance for the smooth implementation of the company's development strategy.

In addition, on January 18, Xinwangda issued a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to December 2016 to be 406 million to 504 million yuan, an increase of 25.00% to 55.00%.

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