button battery 2032.The global lithium battery industry chain expands, and Pioneer Intelligence is expected to make breakthroughs

It is predicted that the planned new production capacity of global power battery companies in 2020-2021 will be about 193/213GWh respectively. Assuming the capacity utilization rate is 60%-80%, the investment in equipment per GWh is about 200-220 million yuan. It is expected that lithium battery equipment will be in 2020. /In 21, the new market space will be close to 30 billion yuan

It is predicted that the planned new production capacity of global power battery companies in 2020-2021 will be about 193/213GWh respectively. Assuming the capacity utilization rate is 60%-80%, the investment in equipment per GWh is about 200-220 million yuan. It is expected that lithium battery equipment will be in 2020. /The new market space in 2021 is close to 30 billion yuan.

In terms of market share, Leading Intelligence, as the world's leading high-end lithium battery intelligent equipment company with the highest comprehensive strength, ranks first in the lithium battery winding machine market share.

In terms of cooperation with major customers, Leading Intelligence ranks first in global lithium battery major customer share. Therefore, there may be further breakthroughs in the expansion of the global lithium battery market.

As leading battery companies significantly expand production, equipment companies have entered a period of upward prosperity. At the same time, leading power battery companies will have stricter requirements for equipment suppliers and deeper binding. Leading equipment suppliers will benefit from customer concentration. And accelerate the improvement.

Pioneer Intelligence has successively launched all-in-one products and full-line services since 2016, and successfully acquired Titan New Power in 2017. It has entered into the equipment supply system of major battery manufacturers to varying degrees, completing the closed loop of the front, middle and back stages of lithium battery equipment. Provide customers with more comprehensive services.

In addition, equipment stability, consistency, and customer product yields have been improved, helping customers achieve higher output values per GWh, thereby achieving deep binding with many high-quality leading power battery companies.

Over the years, Leading Intelligent has achieved in-depth cooperation with leading power battery companies by continuously improving its own business level and meeting customer needs, achieving a win-win result of collaborative development.

On the basis of stabilizing existing customers, Pioneer Intelligence is also actively exploring new customers. In addition to CATL's largest customer, which accounts for about 26% of orders, it also signed a strategic cooperation framework agreement with Northvolt in January 2019 to establish a strategic partnership in the lithium battery equipment business, agreeing to conduct nearly 1.939 billion yuan of business in the future. cooperate.

It can be seen from the statistical results of lithium power grid that in the first three quarters of this year, Pioneer Intelligence took the top spot with revenue of 3.2163339 million yuan. Moreover, in terms of net profit, Pioneer Intelligence has the highest profit of 635 million yuan.

Analysts from China Merchants Securities made reasonable assumptions about the supply ratio and profit margin of leading smart orders, and expected the market share to increase to 25%. The compound growth rate of net profit from 2019 to 2023 exceeds 25%, increasing from 920 million to more than 2.5 billion.

As power batteries enter a mature stage, the combined consumption of lithium batteries generates revenue of approximately 15 billion and profits of approximately 2.6 billion. It is expected that future profits will fully benefit from the substantial expansion of downstream lithium battery companies. At the same time, Pioneer Intelligence, whose main business is the research and development of high-end equipment, will continue to bring new growth with new products and new applications. It has significant international competitive advantages and significant improvement in operating cash flow. It can be expected to achieve sustained and rapid growth in the global lithium battery equipment business. .