Delayed power battery acquisition does not hinder the new energy layout of Yufu shares

Yufu shares, which has rapidly grown into a leader in new energy vehicle batteries, announced on the evening of July 18 that the company’s previous advancement in cash purchase of part of the underlying company’s shares (the target company belongs to the new energy vehicle power battery industry) has been terminated. The announcement said that the two parties had signed a framework agreement for equity acquisitions. However, due to the recent uncertainties in the macro environment and related policies, the two parties failed to reach an agreement on important terms such as price and performance commitments. Termination of this major asset restructuring.

However, industry insiders said that the termination of the restructuring will not affect the new energy layout of Yufu shares. At present, Yufu's main new energy assets and its holding subsidiary, Zhihang New Energy, have reached a total capacity of 3.5GWh/year, and have grown into the top 10 leading automotive battery manufacturers in East China.

At present, the lithium battery industry has entered the blowout period. At the capital market level, according to media reports, since the second quarter of this year, nearly 20 listed companies have “bet” the lithium battery and new energy automobile industry chain by means of mergers and acquisitions, self-built and capital increase, among which there are many cross-border “new recruits”. ". With the pace of lithium battery giant Ningde era and Zhuhai Yinlong landing in the A-share market gradually approaching, the lithium battery industry chain is expected to explode in the future.

Yufu's share revenue soared, Zhihang New Energy became the new engine

In the fourth quarter of 2016, the domestic polyester industrial silk leader Yufu shares acquired 51% equity of Jiangsu Zhihang New Energy, cut into the new energy automobile industry chain, and officially laid out the dual main business of polyester industrial yarn and lithium battery. Zhihang New Energy is one of the battery suppliers of new energy vehicles in China, and its production capacity and technical strength are among the highest in China.

After the merger of Zhihang New Energy, the performance of Yufu shares has undergone major changes. According to the company's 2016 annual report, the company achieved operating income of 2.46 billion yuan, an increase of 22.69% over the same period of the previous year; net profit attributable to shareholders of listed companies was 169 million yuan, an increase of 68.54% over the same period of the previous year; basic earnings per share was 0.42 yuan / share , an increase of 55.56% over the same period of the previous year.

According to industry insiders, Zhihang New Energy is expected to show “explosive” growth: in 2016, it achieved sales of more than 800 million yuan, and it is expected to achieve several times growth in 2017.

The industry believes that due to the fluctuation of the new energy policy, the overall development of the power battery market in the first half of 2017 is slow, but will start to break out from the third quarter. The second half of the year will be a critical period for power battery companies to achieve their stated goals and increase market share.

Yufu shares to acquire new energy industry chain through mergers and acquisitions

It is reported that Yufu's plan for Zhihang New Energy is not limited to the research and development and production of lithium-ion batteries , electrode materials and PACK battery packs, but focuses on the entire industrial chain, and is currently closely arranged in the downstream industries such as automobile operations. According to industry insiders, after the listed companies joined forces with Zhihang, the scale of production and sales of Zhihang has undergone tremendous changes, orders have been continuously connected, and self-supporting capabilities have been enhanced. Some raw materials have begun to be provided internally, no longer relying on outsourcing to produce and Research and development.

In addition to the layout of lithium batteries, Yufu shares recently announced that it plans to use its own funds of 112.5 million yuan to increase the capital of Wuhan Zhongyu, thus holding 25% of the latter. This is already the second heavyweight layout of Yufu shares in the field of new energy vehicles. Wuhan Zhongyu currently has an industry leading position in the field of hydrogen fuel cells. At present, the company has built a hydrogen fuel cell power bus research project in Jingzhou Economic and Technological Development Zone, Hubei Province, mainly engaged in the promotion, application, production and sales of practical technologies in the field of hydrogen fuel cells, providing decision-making and design for future large-scale production of fuel cell vehicles . in accordance with.

Buying lithium batteries first, then buying hydrogen energy, behind Yufu's large-scale purchase of new energy industry is the confidence of its new energy industry to seize the market. According to industry analysts, the strength of shareholders is often ambitious, and it is likely to bring a lot of financing to the enterprise, and expand the grain for the subsequent transformation of the enterprise. Yufu shares just ushered in the new controlling shareholder Zhongji Group in the first half of this year. Yufu shares will be an important hub for the group in the new energy industry. In the future, more industrial advantages will further connect the listed companies.

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