It is estimated that by 2030, the number of new energy vehicles in my country will reach 64.2 million. Calculated based on the construction target of 1:1 vehicle-to-pile ratio, there will be a gap of more than 60 million in the construction of charging piles in my country in the next ten years. It is expected that the growth rate of domestic charging piles will reach its peak around 2025, and the total market investment in the next ten years will be Nearly one trillion yuan. The charging pile industry chain includes upstream equipment manufacturers, midstream operators, and downstream overall solution providers.
The president believes that the upstream technology threshold is not high, the overall profit is low, and the midstream concentration is high. The midstream charging pile operation is the core of the new energy vehicle charging pile industry chain, and the medium and long-term performance flexibility will be more To be obvious.
Market value: 27.95 billion
Net profit in the first quarter of 2021 increased by 121.15% year-on-year
Qingdao Teledian New Energy Co., Ltd., a wholly-owned subsidiary, is mainly engaged in the automobile group Construction and sales of charging system-level smart charging stations, car charging operation services, etc. At present, the number of charging piles operated by Telaidian has exceeded 260,000, covering more than 334 cities, and has become the largest charging pile operating terminal in China. In 2019, the number of Telaidian charging piles in operation ranked first in China's new energy vehicle charging pile market.
Operating performance has grown steadily and continues to maintain its leading position. As of the end of 2020, the company's new energy vehicles, charging business and other operating income were 2.002 billion, accounting for 26.98% of the revenue, and the gross profit margin was 17.89%. As of the end of 2020, Teledial has established a total of 127 subsidiaries nationwide, with projects in 343 cities, with 207,000 public charging piles in operation, with a cumulative charging capacity of 6.5 billion kilowatt-hours and more than 3.8 million registered users. The company continues to maintain its leading position in market share and charging capacity. In 2020, the charging capacity exceeded 2.7 billion kWh, a year-on-year increase of 30%, and the compound growth rate in the past four years reached 126%.
Focus on the development of high-tech products and build a big data platform. The company has the leading independent research and development advantages in charging modularization and smart charging in China, and is conducting technical research in several major directions such as group charging products, high-power charging products, and automatic charging products. At present, Telaidian has obtained more than 160 patents, and has innovated "car group intelligent charging system", independently developed box-type transformer technology, etc. In addition, through six major business models, equipment control and information transmission, business operations and management monitoring are realized, and the world's leading big data platform of "charging network, Internet of Vehicles, and Internet" is built
The president believes that charging The long-term profit prospects of the pile industry lie more in the charging operation business. As the world's largest charging operator, the company will fully benefit. At the same time, the company's charging operation segment has also passed the break-even turning point. It is expected that in 2021-2022, the net profit attributable to the parent company will reach 434/655 million yuan.
Market value: 13.87 billion
Net profit increased by 31.44% in the first quarter of 2021
Company highlights: The largest winner of the State Grid charging pile tender; participated in Xiongan The construction of charging piles in new areas; charging column products accounted for 9% of revenue.
It has a large market share and is accelerating its charging and swapping business layout. The companies that are more powerful in laying out charging stations are its subsidiaries, so Xu Ji Electric has a relatively large market share, of which Xu Ji Electric accounts for 60%. As of the end of 2020, the company's electric vehicle intelligent charging and swapping system business revenue was 1.032 billion, accounting for 9.22% of the revenue. At present, the Internet + charging facility ecosystem created by XJ Electric has reached a scale of 50,000 charging piles, with products covering 32 provinces, municipalities and autonomous regions. One out of every eight public DC charging piles in the country comes from XJ Electric Electric, more than 100 charging service operators across the country have chosen the company's charging equipment hosting services.
Xu Ji Electric was one of the first to enter the field of battery swapping. In 2011, it successfully completed the construction of the bus charging and swapping system in Xuejiadao and built the largest bus battery swapping station in the world, which is in operation to this day. It has been nearly 10 years.
Market value 2.53 billion
Net profit in the first quarter of 2021 increased by 190.59% year-on-year, and business revenue accounted for 47%
Charging pile business revenue accounted for a relatively large proportion. Tender-to-buy companies are expected to benefit. The company's electric vehicle charging power supply business has an operating revenue of 126 million in 2020, accounting for 47.33% of the revenue. The company has been researching and developing automotive DC charging modules since 2011, and currently has more than 40 models of products in 3.5kw, 7.5kw, 10kw, 15kw, and 20kw series. Typical projects currently involved include Beijing APEC Conference Center Charging Station, Capital International Airport Charging Station and other projects.
At present, the State Grid has established a charging alliance to unify the specifications of charging piles, purchase hardware equipment through bidding and other forms, and gradually standardize the development of the hardware industry. In addition, the industry has entered a reshuffle stage. From the perspective of main business proportion, Inkerui charging pile business accounts for the largest proportion of revenue. The president believes that the short-term acceleration of new infrastructure will be beneficial to manufacturers of charging pile hardware. It is expected to bring greater growth to Inkerui’s revenue and net profit.
With the promotion of new energy vehicles and the continuous improvement of charging infrastructure, complementary advantages will be formed and coordinated development will be achieved. The solution to charging pain points will promote the efficiency of charging pile usage and stimulate an increase in investment scale. The president predicts that charging piles are expected to enter a big year of construction, and equipment manufacturers and operators will usher in good development opportunities.
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