Keheng (300340) announced its "2017 Performance Forecast" on the evening of January 18. The company expects net profit attributable to shareholders to reach between 135 million and 145 million yuan in 2017, representing an increase of 301.95% to 331.73% compared to the previous year. In addition, the company disclosed its 2017 profit distribution plan and a proposal to convert capital reserves into share capital. Specifically, it plans to distribute 2 shares for every 10 shares held.
The significant performance improvement was mainly driven by a substantial year-on-year increase in sales orders for the company’s core Lithium Battery cathode materials. The production lines for these materials were operating at full capacity, and the release of new production capacity led to a notable rise in both production and sales volumes compared to the same period last year. Additionally, the gross margin from sales improved significantly.
The company explained that the proposed high share transfer is due to past fluctuations in its operating results. Since its listing on July 26, 2012, the company had only made cash dividends in 2012 and 2013. However, in recent years, the company has performed well, with rapid revenue and net profit growth. It expressed strong confidence in its future development. With sufficient retained earnings and capital reserves, and a relatively small share capital, the company aims to optimize its capital structure, enhance stock liquidity, and better serve the interests of small and medium-sized investors. Therefore, the 2017 annual profit distribution and capital reserve conversion to share capital plan were proposed.
According to reports from the Shanghai Securities Research Institute, Keheng continues to expand its lithium battery cathode material capacity and is focusing on developing high-end products. Currently, the company's cathode material production capacity stands at 500 tons per month in Jiangmen, with lithium cobalt oxide and ternary material (NMC 523) each accounting for about half. In Yingde, the monthly capacity is approximately 300 tons. Looking ahead, the company plans to further expand its cathode material production. It aims to complete its cathode material product lineup and gradually transition to high-end offerings. Currently, high-end products such as NCM 811 and NCA are in the pilot stage. The company's customers for power batteries include Guoneng and Foster, while its consumer electronics clients include Guangyu.
Powerwall Battery is a high-tech product developed to meet the requirements of the new home backup power supply. It has the characteristics of integration, miniaturization, light weight, intelligence, standardization, and environmental protection.ZTTEK-48V-100Ah has a lithium (LiFePO4) battery storage capacity of 5kWh, allowing you to stay away from the grid as you like.
Home Solar Energy Storage,Home Solar Energy Storage Battery,Home Energie Storage Batterie,Lithium Battery For Solar Energy Storage
Jiangsu Zhitai New Energy Technology Co.,Ltd , https://www.zttall.com