Nandu Power's net profit in the first half of the year has increased by more than 13 times, and the sale of assets exceeds 400 million yuan

After two consecutive years of performance loss, Nandu Power (300068.SZ) or achieved performance growth in the first half of 2022.

On the evening of July 19, 2022, the company announced that it is expected that the net profit of returning to the mother in the first half of 2022 was 523 million yuan to 539 million yuan, a year -on -year increase of 1305.85%to 1348.85%; it is expected to achieve non -net profit of 34 million yuan to 50 million yuan , Year -on -year increased 288.02%to 376.50%. During the same period last year, the company's net profit and non-net profit were 37.2018 million yuan and -18.834 million yuan, respectively.

Nandu Power is mainly facing the field of energy storage applications and provides systematic products, solutions and operation services with lithium ion batteries and lead batteries as its core.

In response to the pre -increased performance, the company said the main reason:

The company's industrial integration layout has been completed, and the first annual processing of 25,000 tons of waste lithium ion battery recycling projects has reached its production, ensuring the supply of raw materials for the company's lithium battery products, and increasing the gross margin level of the company's lithium battery products, thereby increasing this issue of this issue Business income.

The rise in raw material prices has been effectively transmitted to downstream customers. The price of energy storage products has gradually increased. In addition, the demand for energy storage markets is strong, and product profitability has gradually improved.

Due to the disposal of Nandu Huayu Power Co., Ltd. ("Nantu Huayu") and Zhejiang Changxing Nandu Power Co., Ltd. ("Changxing South Capital") at 21%of the equity of the subsidiary market, it lost control of 21%of the equity, and the investment income was 422 million yuan.

Among them, because of the 21%stake in the disposal of Nandu Huayu and Changxing South, the difference between the disposal price and the share of the corresponding net assets confirmed the investment income of 229 million yuan; The difference between the share of the net assets that began to be calculated on the day was included in the investment income of 193 million yuan. During the reporting period, the amount of non -recurring profit and loss on net profit was about 489 million yuan.

In October 2021, Nandu Power plans to use cash to prices 180 million yuan and 0 yuan to acquire all the remaining minority equity of the two companies of Nandu Huayu and Changxing South Capital. To this end, the Shenzhen Stock Exchange also issued a letter of concern to ask Nandu Power to explain the reasons and necessity of a minority equity of the target company for the continued high premium.

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