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Liu Qian, a reporter from the Securities Times
Benefit fromCrashtagteamracingpcdownloadWith the trend of "first suppressing and then rising, then steadily rebounding" in China's automobile market, Camel shares, the leading company of A-share automobile low-voltage battery, will maintain a double increase in performance in 601311, and plan to distribute about 3. 5%.Crashtagteamracingpcdownload.17 billion yuan in cash "red packets", accounting for 55% of the net profit of the mother.Crashtagteamracingpcdownload.34%.
On the evening of April 18, Camel released its 2023 annual report. During the reporting period, the company achieved operating income of 14.079 billion yuan, an increase of 4.87% over the same period last year, and its mother's net profit was 572 million yuan, an increase of 21.79% over the same period last year. Based on the continued improvement in performance, Camel shares paid a cash dividend of 2.70 yuan for every 10 shares to all shareholders, totaling 317 million yuan.
Camel shares was listed in 2011, is the domestic automotive low-voltage battery industry leader, the main business includes automotive low-voltage battery business, recycling business and energy storage business.
In the company's main business in 2023, the income from low-voltage lead-acid batteries was 10.88 billion yuan, accounting for 77.28% of the operating income; the income from recycled lead was 2.874 billion yuan, down 7.58% from the same period last year, accounting for 20.42% of the operating income; and the revenue from lithium batteries was 85 million yuan, up 37.95% from the same period last year, accounting for 0.6% of the operating income.
It is worth mentioning that although Camel shares do not pay as much attention as power battery manufacturers, because its low-voltage batteries are widely used in the industry, Camel's customers include almost all the well-known car companies in China.
Last year, the company's annual sales of low-voltage lead-acid batteries totaled 34.6 million kVAh, up 7.45% from a year earlier, of which sales of auxiliary batteries for new energy vehicles increased by nearly 45%. In terms of fuel vehicles, the company has achieved mass production and supply of 51 models throughout the year, of which Changan, Chery and BYD have all increased; 60 new mainframe factory projects have been designated, including brilliance BMW 2025-2028 lead-acid AGM product project.
In terms of new energy vehicles, the company has identified 18 new projects, including SAIC, BYD, Nezha, Jingshen, Zero, Zhiji, etc., while continuously paying attention to the product development and mass production of the designated projects. completed the mass production of 9 designated projects, SAIC, Avita, Geely and supercar Haopin and other models to achieve supply.
At the same time, Camel Holdings has accelerated the global layout. In July 2023, the first phase of the company's American factory project has been completed, with an annual production capacity of about 1 million kVAh; in September 2023, and the second phase of the company's Malaysia plant has been completed and put into production. The existing annual production capacity of the Malaysian factory is about 4 million kVAh. It is revealed that in 2023, the company has developed a total of 70 new customers and entered 17 national markets.
With the rapid development of low-voltage lead-acid battery business, Camel is actively transforming to low-voltage lithium battery business.
Last year, the company's automotive low-voltage lithium battery business won 35 new project assignments, and sales of low-voltage lithium products increased by 27.87% over the same period last year. A total of 35 project assignments were obtained in the whole year, of which 12V Lithium Power has realized the project assignments of Geely, Guangzhou Automobile, Dongfeng, Selis and other car companies and new car-building forces; for 24V Lithium, it has realized the project assignments of Futian Daimler, BAIC Foton, Great Wall, Geely and other car companies.
The capacity layout of the low-voltage lithium battery business is also constantly improving. According to the annual report, the construction of Camel's low-carbon industrial park in Xiangyang City began in July 2023. The first phase plans to build a low-voltage lithium battery and 2GWh lithium storage battery project and supporting facilities with an annual capacity of 4 million sets. The project is under construction as planned.
After more than 40 years of independent development and extension mergers and acquisitions, the company has established a circular economy model of "battery production-sales-recovery-recycling-production and reuse" in the field of automotive low-voltage lead-acid batteries. At the same time, it is building a "new energy lithium battery cycle industry chain" and implementing the "two-wheel drive" strategy.
The annual report shows that last year, the company's domestic lead-acid battery production capacity was about 35 million kVAh/ years, foreign lead-acid battery production capacity was about 5 million kVAh/ years, and waste lead-acid battery recycling capacity was 860000 tons / year, which has basically formed the layout of a lead-acid battery factory supporting a recycled lead plant, realizing the closed loop and recycling of resources in the whole industry chain. Last year, the company's Anhui recycling plant achieved full production.
