Domestic automotive parts companies are emerging as "new"

Recently, domestic automotive parts listed companies have successively released their 2021 annual reports. In 2021, affected by the ups and downs of the COVID-19, the continuous rise of raw material prices, the shortage of chip supply and other factors, many enterprises are moving forward under difficult pressure. The reporter from China Auto News selected representative enterprises in the sub sectors of parts for analysis. Although the combination of the above factors poses challenges to the development of the entire industry, the trend of electrification, intelligence, and networking of automobiles is intensifying. In addition, the domestic car market is returning to positive growth, and listed parts companies have also shown many highlights.

Innovate breakthroughs, tap into potential, and embrace new opportunities. The 2021 annual reports of multiple listed component companies reflect that although new market changes may pose challenges to business operations, advantages in technology research and development, product quality, management capabilities, strategic planning, and other aspects will offset these adverse effects to varying degrees; At the same time, new technologies, products, models, trends, and patterns often bring new opportunities and vitality to the development of enterprises. In the market environment where instability factors are increasing, it is necessary for traditional businesses to take a step forward and innovate on the basis of no or less reduction in points. At the same time, it is essential for component suppliers to have more and more points for innovative businesses.

The revenue in the field of power batteries has generally increased, and enterprises are "accumulating grain extensively and building high walls"

In 2021, the sales of new energy vehicles in China reached 3.521 million units, a year-on-year increase of 1.6 times, with an electrification rate of 13.4%, a year-on-year increase of 8 percentage points. The whole vehicle market has been booming, directly driving the performance of listed power battery companies to soar.

According to the 2021 financial report of Ningde Times, the company's revenue in 2021 was 130.356 billion yuan, a year-on-year increase of 159.06%, and the net profit attributable to the parent company was 15.931 billion yuan, a year-on-year increase of 185.34%. In 2021, its lithium battery sales reached 133.4 GWh, a year-on-year increase of 185%; Among them, the sales of power battery systems reached 116.71 GWh, a year-on-year increase of 163%.

According to the 2021 financial report of Yiwei Lithium Energy, the company achieved a revenue of approximately 16.9 billion yuan, a year-on-year increase of 107.06%; The net profit attributable to shareholders of the listed company was approximately 2.9 billion yuan, a year-on-year increase of 75.89%. This is also the first time that Yiwei Lithium Energy's operating revenue has exceeded the 10 billion yuan mark, setting a historical record in nearly five years.

Xinwangda achieved a total operating revenue of 37.359 billion yuan in 2021, a year-on-year increase of 25.82%; The profit was 916 million yuan, a year-on-year increase of 14.18%. In 2021, its power battery business achieved a revenue of 2.933 billion yuan, a significant year-on-year increase of 584.67%.

According to the statistics of the China Automotive Power Battery Industry Innovation Alliance, in 2021, the installed capacity of power batteries in China was 154.5 GWh, a year-on-year increase of 142.8%. It is in this context that leading power battery companies have achieved both revenue and profit.

However, the cost pressure brought about by the rise in upstream raw material prices is also relatively heavy. It is reported that the positive and negative electrode materials, separators, and electrolytes